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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Tritax Big Box Reit Plc | BBOX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 139.40 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 139.40 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 10/10/2024 | Interim | GBP | 0.01825 | 31/10/2024 | 01/11/2024 | 27/11/2024 |
| 07/08/2024 | Interim | GBP | 0.01825 | 22/08/2024 | 23/08/2024 | 06/09/2024 |
| 02/05/2024 | Interim | GBP | 0.01825 | 23/05/2024 | 24/05/2024 | 07/06/2024 |
| 01/03/2024 | Interim | GBP | 0.0205 | 14/03/2024 | 15/03/2024 | 02/04/2024 |
| 20/10/2023 | Interim | GBP | 0.0175 | 02/11/2023 | 03/11/2023 | 17/11/2023 |
| 03/08/2023 | Interim | GBP | 0.0175 | 10/08/2023 | 11/08/2023 | 31/08/2023 |
| 04/05/2023 | Interim | GBP | 0.0175 | 11/05/2023 | 12/05/2023 | 01/06/2023 |
| 02/03/2023 | Interim | GBP | 0.01975 | 09/03/2023 | 10/03/2023 | 30/03/2023 |
| 11/10/2022 | Interim | GBP | 0.01675 | 20/10/2022 | 21/10/2022 | 03/11/2022 |
| 28/07/2022 | Interim | GBP | 0.01675 | 04/08/2022 | 05/08/2022 | 25/08/2022 |
| 04/05/2022 | Interim | GBP | 0.01675 | 12/05/2022 | 13/05/2022 | 01/06/2022 |
| 03/03/2022 | Interim | GBP | 0.019 | 10/03/2022 | 11/03/2022 | 31/03/2022 |
| 21/10/2021 | Interim | GBP | 0.016 | 28/10/2021 | 29/10/2021 | 17/11/2021 |
| 28/07/2021 | Interim | GBP | 0.016 | 05/08/2021 | 06/08/2021 | 23/08/2021 |
| 06/05/2021 | Interim | GBP | 0.016 | 13/05/2021 | 14/05/2021 | 01/06/2021 |
| 10/03/2021 | Interim | GBP | 0.017125 | 18/03/2021 | 19/03/2021 | 01/04/2021 |
| 12/10/2020 | Interim | GBP | 0.015625 | 22/10/2020 | 23/10/2020 | 13/11/2020 |
| 06/08/2020 | Interim | GBP | 0.015625 | 13/08/2020 | 14/08/2020 | 28/08/2020 |
| 08/04/2020 | Interim | GBP | 0.015625 | 23/04/2020 | 24/04/2020 | 21/05/2020 |
| 27/02/2020 | Interim | GBP | 0.017125 | 05/03/2020 | 06/03/2020 | 27/03/2020 |
| Top Posts |
|---|
Posted at 17/1/2025 11:05 by sigmund freud Agree the price is driven by other fixed income sources. That's what I meant by bond-like proxies.It will behave less like a gilt as the ltv value comes down (if management want to bring it down). A high LTV essentially leverages gilt-related share price movements? At least it is a growing business that someone might want. Wish I could say same about Gilts. UK market is cheap to an overseas investor and my guess is the Trump 2 inauguration =peak US. and a lot of funds will be looking for a boring new home and this and UK reits will fit the bill. Whether interest rates go up or not, bbox is now at a valuation level that likely will make a better total return than cash in the bank. I'll leave Gilts to the pro's |
Posted at 16/1/2025 09:58 by affemoose decent summary Sigmund, i'm in a similar position to you.One thing that you forgot and is vitally important is Gilt yields - this is the key driver for us in price movements. Why invest here when you can get similar returns & far less risk with Government paper. So yeah -reduction in Interest Rates & reduction in Yields on Gilts will start the upward march on this share price It's not designed to be an exciting stock -but trapping the Divi yields on offer atm in a stock that I consider to be well run and secure is attractive - so i'm not going anywhere. I'm overweight so wont buy more but am happy to 'bottom draw' this. It hurts sometimes, I am impatient, but the maths is good. |
Posted at 15/1/2025 13:17 by sigmund freud i am a PI so small fryam at a small capital loss but overall gain, so not great but not bad reviewing the history, this sector took 2 hits, one from interest rate rises and one from amazon saying it had over-rented this type of property. however amazon's issue was primarily in us where there is land everywhere. i have certainly not seen any empty boxes near me. i suspect most large shareholders were pension funds holding these as bond-like proxies, who sold off quickly as interest rates went up. and they haven't re-entered the market. right now even if interest rates don't come down, they look cheap at 133p today. LTV is about 30% and most debt has a 5 year maturity, so hopefully no shocks coming. 95% of debt is at fixed or capped rates. inflation-linked upwards-only rental reviews very diverse occupier demand. amazon is largest at 12.3% average logistics-type unexpired lease is 10 years the independent valuer estimate of market rent is 22% higher than the current rental level, so room to grow that. this can often have a significant positive effect on the value of the properties, so likely asset appreciation. not much new supply (not seeing much new building in my region) clients are responsible for maintenance etc considerable sector consolidation going on online retailing is a growing market and bbox is one of the shovels even if it isn't a "pick" right now. could the exploration of expanding into data centres and the power that these consume be the spark for a re-rating? it is all pie in the sky atm but their infrastructure knowledge and land bank and position of this would fit bbox nicely? yield today is 5.4%, trading at 29% discount. this is a buy for me along with some similar reits. and if interest rates surprise to the upside causing further share price falls, happy to increase exposure. |
Posted at 21/11/2024 09:25 by essentialinvestor Further sector consolidation is odds on.SHED likely to merge with LMP or BBOX, LMP more likely with their lower discount to NAV. GRI looks reasonable, IF you consider occupancy will hold up around current levels and gilt yields begin to trend lower in 2025. |
Posted at 21/11/2024 08:34 by scruff1 For a well run company with a well received set of results that included increased profits and dividend this fall is well overdone (I hope). It is understandable though. I for one would have added and am still tempted but with this economically illiterate government, inflation rising on the back of increased energy prices and with Miliband in charge of energy policy and with the consequences of Reeves ridiculous budget having months yet before it properly detonates and with interest rates even possibly rising then investing in any company on the LSE let alone a REIT is too much of a risk for me. The real worry is that I cannot see where the cavalry can possibly come from. If the Ukraine war ends, the conflict in the ME ends and China's economy bursts into life we are still stuck with this completely incompetent government for another four and a half years. I cant remember a more bleak outlook |
Posted at 08/11/2024 09:04 by affemoose I hear the comments above re: UK debt, taxation, Yields etc.BBOX share price - In a slowly dropping interest rate environment it's just hit a 12 month low. Gilt yields have gone up and as so many point out this is always inverse to BBOX Share Price. Uncomfortable, and we only have the NAV to pin our hope to for short-medium term drivers of share price I am trying hard to simply take the long term view of this - while it's 'cheap', and Divi's are rolling, compound the Divi's into more Stock and wait for the good days to return. I did but with a long term horizon - just that long term is longer term than i anticipated! I've copied some analyst ratings below for context. All pre-budget of course. "A number of equities research analysts have issued reports on the stock. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Tritax Big Box REIT in a report on Friday, July 12th. Berenberg Bank reissued a "buy" rating and issued a GBX 182 ($2.37) target price on shares of Tritax Big Box REIT in a research note on Wednesday, August 28th. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 210 ($2.73) price objective on shares of Tritax Big Box REIT in a report on Friday, July 12th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of GBX 191.75 ($2.50)." |
Posted at 04/11/2024 18:29 by nickrl @scruff suspect Bailey will toss Reeves an olive branch this week but BBOX still above my intervention point |
Posted at 10/10/2024 16:40 by speedsgh Dividend Declaration - The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has declared an interim dividend in respect of the period from 1 July 2024 to 30 September 2024 of 1.825 pence per ordinary share, payable on or around 27 November 2024 to shareholders on the register on 1 November 2024. The ex-dividend date will be 31 October 2024. In accordance with the Company's dividend policy, the first, second and third quarter dividend payments will each represent 25% of the previous financial year's annual dividend of 7.30 pence per ordinary share. The level of the fourth quarter dividend will be used to determine any potential dividend progression, with an overall aim to achieve a pay-out ratio in excess of 90% of Adjusted earnings. This dividend will be a Property Income Distribution ("PID"). |
Posted at 02/5/2024 15:17 by speedsgh ~ Q1 div of 1.825p declared. Whole amount to be paid as a PID.~ BBOX/UKCM merger approved. It is currently expected that UKCM shareholders will have been issued with new BBOX shares prior to record date for BBOX Q1 div payment. Dividend Declaration - The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has declared an interim dividend in respect of the period from 1 January 2024 to 31 March 2024 of 1.825 pence per ordinary share, payable on or around 7 June 2024 to shareholders on the BBOX share register on 24 May 2024. The ex-dividend date will be 23 May 2024. In accordance with the Company's dividend policy, the first, second and third quarter dividend payments will each represent 25% of the previous financial year's annual dividend which, for the year ended 31 December 2023 amounted to 7.30 pence per ordinary share. The level of the fourth quarter dividend will be used to determine any potential dividend progression, with an overall aim to achieve a pay-out ratio in excess of 90% of Adjusted earnings. This dividend will be a Property Income Distribution ("PID"). -------------------- BBOX and UKCM announced on 1 May 2024 and 2 May 2024, respectively, that BBOX had received the requisite approvals from BBOX Shareholders and UKCM had received the requisite approvals from UKCM Shareholders in connection with the Combination. Completion of the Combination remains subject to the satisfaction or (where applicable) waiver of the remaining Conditions and further terms set out in Part 4 of the Scheme Document, including the Court sanctioning the Scheme at the Sanction Hearing. The Sanction Hearing will take place on 16 May 2024 and it is expected the Scheme will become Effective on the same date, resulting in the issue of the New BBOX Shares to UKCM Shareholders by 8.00 a.m. on 17 May 2024. Applications have been made by BBOX for the New BBOX Shares to be admitted to the premium listing segment of the Official List and to trading on the Main Market at or shortly after 8.00 a.m. on 17 May 2024. Accordingly, it is currently expected that UKCM Shareholders will have been issued with the New BBOX Shares prior to the record date of the BBOX Q1 Interim Dividend, being 24 May 2024. All UKCM Shareholders will therefore be entitled to the BBOX Q1 Interim Dividend, provided that they are on the BBOX share register on 24 May 2024. |
Posted at 02/3/2024 14:09 by scruff1 From HLYear ending: 31/12/2023 31/12/2022 31/12/2021 31/12/2020 31/12/2019 Dividend payments 4th interim: 2.05p* 1.975p 1.90p 1.7125p 1.7125p 3rd interim: 1.75p 1.675p 1.60p 1.5625p 1.7125p 2nd interim: 1.75p 1.675p 1.60p 1.5625p 1.7125p 1st interim: 1.75p 1.675p 1.60p 1.5625p 1.7125p Total dividend for year: 7.30p 7.00p 6.70p 6.40p 6.85p Dividend metrics Dividend growth: 4.29% 4.48% 4.69% -6.57% 2.24% Dividend yield: 4.30% 5.10% 2.70% 3.80% 4.60% Dividend cover: 1.06 1.11 1.23 |
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