Tritax Big Box Reit Dividends - BBOX

Tritax Big Box Reit Dividends - BBOX

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Stock Name Stock Symbol Market Stock Type
Tritax Big Box Reit Plc BBOX London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 211.60 16:29:59
Open Price Low Price High Price Close Price Previous Close
212.00 210.40 212.80 211.60 211.60
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Tritax Big Box Reit BBOX Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

skinny: The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has today declared an interim dividend in respect of the period from 1 April 2021 to 30 June 2021 of 1.6 pence per ordinary share, payable on or around 23 August 2021 to shareholders on the register on 6 August 2021. The ex-dividend date will be 5 August 2021. As previously announced, the intention is for the first to third quarter dividend payments to each represent 25% of the previous financial years full year dividend. The fourth quarter dividend will be used to determine the level of any potential progression. This dividend will be a Property Income Distribution ("PID").
speedsgh: DV4 have sold down their remaining 1.6% shareholding in BBOX at 193p per share via a secondary placing... Result of Secondary Placing in Tritax Big Box REIT - HTTPS://
rik shaw: Divdend declaration hTtps://
speedsgh: Trading update for the financial year to date - HTTPS:// Strong market fundamentals Demand for logistics space in the UK remains high following a record year of take-up in 2020. Take-up in Q1 2021 was lower than average reflecting the acute shortage of ready-to-occupy sites with vacancy falling below 4%. With a record 16 million sq ft1 of logistics real estate space under offer in the market, nearly twice the level at the end of 2020, take-up for the rest of the year is expected to rise. Investment demand remained at record levels, with volumes reaching £2 billion2, the highest Q1 level on record. Recently completed transactions point to further downward pressure on prime yields, which remain at historic lows. High-quality portfolio continues to deliver strong performance and very high levels of rent collection Our high-quality portfolio continues to perform well with consistently high levels of rent collection: · 99.8% of FY 2020 rents have been received with full collection expected by the Summer. · 98% of Q1 2021 and 95% of Q2 2021 rents received, 99% expected to be received in respect of Q1 and Q2 by the end of June 2021. · All arrears for Q1 and Q2 2021 are in relation to a rent deferral agreed with one customer where full collection is expected by the end of FY 2021. Directly and actively managing our portfolio to deliver value for shareholders We actively manage our high-quality portfolio to drive value for shareholders. With 37% of the portfolio due for rent review in FY 2021, across a blend of open market, fixed and inflation linked review types, we are well placed to capture attractive levels of rental growth. During the period we have: · Undertaken approximately one third of the rent reviews falling due during 2021 which, combined with two historic reviews settled during the period, added £3.1 million to annual contracted rent (FY 2020: £2.0 million). · As recently announced, completed the off market acquisition of an 872,000 sq ft distribution facility in Avonmouth for £90 million, with 12.8 years unexpired lease term, an attractive 5.1% NIY and with strong reversionary potential, adding £4.6 million to passing annual rent. · Increased the percentage of the portfolio with an A to C grade EPC environmental rating to 92%. Good progress across our development platform The Company owns and controls the UK's largest logistics focused land platform capable of delivering approximately 40 million sq ft of logistics space. We have seen an increasing level of interest in the development pipeline as sites have progressed through the planning process and consents have been secured. In line with our previously stated guidance, we anticipate an acceleration in letting activity from our land platform through H2 2021 / H1 2022 aligned to the delivery of planning milestones. Key activity during the period included: · Practical completion of construction for DPD at Bicester, our first net-zero carbon in construction building, and Co-Op at Biggleswade which together are now contributing £5.5 million to passing annual rent. · Continued progress at Littlebrook, Dartford with commencement of construction at Phase 1 of 450,000 sq ft funded by our development partner Bericote, and the 2.3 million sq ft facility pre-let to Amazon at Phase 2 nearing practical completion. Colin Godfrey, CEO, Fund Management, commented: "We have made a good start to the year across all aspects of our business through a combination of effectively implementing our strategy and strong market fundamentals. The quality of our portfolio continues to be reflected in very high levels of rent collection while our asset management activities are enhancing value. With 37% of the portfolio rent roll subject to rent review during the year, we are capturing attractive levels of rental growth. Our development platform is making good progress and, in line with our guidance, with more of our sites progressing through the planning process, we are well placed to begin capturing greater letting opportunities from the second half of this year."
bathcoup: Williamcooper104, Thanks for sharing the info. What's the implication for BBOX?
adamb1978: Good results, though slightly odd to shave a little off the dividend. I don't hold for income, more as a bond-proxy, but some investors do look for continual dividend growth or dividends which haven't (ever) been cut when they invest, and therefore those investors might not look at BBOX will a little more suspicion over continuity of the yield. If was the board, I wouldnt have made such a trivial reduction to the dividend - I can't see what the benefit of doing do is. Am I missing something?
speedsgh: Slight changes to dividend policy... "The investments we have made over the years, most notably acquiring a development platform and land bank, provide the Group with more tools to generate further attractive and growing returns for our shareholders. Our aim is to achieve a total return that is formed of income and capital performance increasingly generated by development gains and asset management initiatives, rather than externally driven by market yield compression. We have the attributes to deliver long-term dividend progression, which will ensure the pay-out to shareholders remains attractive and an important part of our total return. In future, our intention is for the first to third quarter dividend payments to each represent 25% of the full year dividend of the previous financial year, and use the fourth quarter dividend to determine the level of any potential progression, with an overall aim to achieve a pay-out ratio in excess of 90% of Adjusted earnings. This provides both attractive returns to shareholders coupled with the financial flexibility to invest in the opportunities our strategy will continue to create."
williamcooper104: Unfortunately EBOX doesn't seem to have same development upside as BBOX - but it's cheaper ASLI has a decentish divi yield too Put both together and grow the asset base - such that it gives liquidity to institutional investors and they're ought to be c20 percent upside (IMO/DYOR) Downside is long term rates going higher - as most of the leases have inflation capped at 3 percent - so more like a high yielding bond than a true inflation linked instrument Far better risk/reward than owning long duration gilts - but then Bitcoin is probably a better risk/reward than gilts
williamcooper104: I've a full holding in PHNX too I see PHNX is a bit of an interest rate hedge to BBOX - in that if rates rise materially even if inflation rises too, we are likely to see value declines in BBOX as current yields are very low and the leases almost all have inflation caps of 3 percent Whereas higher rates increases the pension transfer market and reduces the longevity risk on existing annuity assets
smidge21: Unclear what SLI bring to the table other than a chunk of cash to make BBOX management take life a bit easier. SLI property arm been in some disarray losing assets. Is this a desperation move? If you didnt own BBOX before would you buy it now? I suspect not
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