Tritax Big Box Reit Dividends - BBOX

Tritax Big Box Reit Dividends - BBOX

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
Tritax Big Box Reit Plc BBOX London Ordinary Share GB00BG49KP99 ORD 1P
  Price Change Price Change % Stock Price Last Trade
-0.60 -0.4% 151.10 16:35:24
Close Price Low Price High Price Open Price Previous Close
151.10 150.80 153.30 152.00 151.70
more quote information »
Industry Sector

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

igoe104: Home » Reports » Broker Ratings » Tritax Big Box REIT PLC 24.5% Potential Upside Indicated by RBC Capital Markets Tritax Big Box REIT PLC 24.5% Potential Upside Indicated by RBC Capital Markets Posted by: Amilia Stone 9th April 2020 Tritax Big Box REIT PLC using EPIC/TICKER code (LON:BBOX) has had its stock rating noted as ‘Reiterates217; with the recommendation being set at ‘OUTPERFORM217; today by analysts at RBC Capital Markets. Tritax Big Box REIT PLC are listed in the Financials sector within UK Main Market. RBC Capital Markets have set a target price of 150 GBX on its stock. This would imply the analyst believes there is now a potential upside of 24.5% from the opening price of 120.5 GBX. Over the last 30 and 90 trading days the company share price has decreased 6 points and decreased 22.3 points respectively. The 1 year high stock price is 162.6 GBX while the year low stock price is currently 79 GBX. Tritax Big Box REIT PLC has a 50 day moving average of 128.77 GBX and a 200 Day Moving Average share price is recorded at 144.06. There are currently 1,706,974,948 shares in issue with the average daily volume traded being 13,145,314. Market capitalisation for LON:BBOX is £2,121,769,912 GBP
bagsforlife: @deanowls good question. Probably those most at risk are brick and mortar retailers, who I expect to see less physical footfall over the course of the pandemic. Looking through their tenant lineup, I think you would include Next, Argos, B&Q, New Look, Dunelm, TK Maxx, Matalan and DSG Retail as those that are likely to be impacted. But I don't have a scoobies about how resilient any of those entities are to the current climate. Without diving into the books, my only proxy for tenant's performance is the share price. Next shares are down about 40% since mid Feb. Kingfisher (parent co of B&Q) have moved by a very similar margin. Dunelm share price is looking a bit more volatile. They hit a big peak in mid-Feb too and are down about 53% if you take the high point. TJX down about a third since mid-Feb. Counter argument would be that these retail shares are perhaps oversold. I'm not a retail expert. But I'm sure bad news for any of these tenants will flow through to the BBOX share price. Albeit there is a good level of tenant diversification in the portfolio.
speedsgh: Big Box shares fold amid flat-lining growth and virus fears - HTTPS:// Shares in Tritax Big Box (BBOX) tumbled 16% today as the warehouse investor published annual results slightly below expectations, intensifying investor concerns about the impact the Covid-19 will have on logistics. The £1.6bn real estate investment trust (Reit) reported a 1.2% decline in EPRA net asset value (NAV) in 2019, taking the NAV per share price to 151p. At yesterday’s closing price of 99p, this represented a 33% discount which will have widened further as the shares slumped 15p to 83p. The total return from the Reit - which has a current yield of 6.9% - has slipped from 12.1% at the end of 2018 to 3.3% for the 12 months to 31 December 2019. Peel Hunt analyst Sebastian Isola said ‘limited pre-letting activity and disappointing rent reviews’ were behind the results, which were ‘marginally’ behind expectations. However, Tritax boasted that 99% of the portfolio was let or pre-let over the year and rent increased by £700,000 a year following seven rent reviews, equal to 2% of the rent reviewed. With market rental growth slowing to 1.2% last year, down from 5.6% in 2018, Numis Securities analyst Priyesh Parmar warned that the policy of targeting a yield of 6-8% on developments could come under strain. ‘Build costs and land inflation are likely to put pressure on achievable returns,’ he said... ... Peel Hunt’s Isola said coronavirus could push back ‘assumptions on the timing of new developments’ which would affect 2020 forecasts. However, he said the investment portfolio ‘boasts sector-leading covenant strength in buildings that are mission-critical to their operators’. ‘In the current climate, security of income is key and a 54% discount to our full-year 2020 NAV and an 8.3% dividend yield look unwarranted given the strength of the income,’ said Isola. Parmar at Numis said the affect the pandemic would have on logistics was still ‘unclear’ although as spending moves online retailers will have to ‘maximise efficiency from their supply chains’ and their ‘ability to invest may be curtailed, exacerbated by a potentially deeper decline in consumer spending and shorter-term’. He added that ‘further quarantine measures could cause major disruption to supply chains’.
tyranosaurus: That`s the recent share price increase gone.
ugandalad: This share looks fully valued with a good yield but for the boards aspirations is under capitalised so each time we have a sustained share price new capital is issued close to market to clear borrowings and allow further property purchase and deals. Looks to me the Funds managers control the speed of further development. The sector they are in is well in demand I just lost Hansteen to a takeover bid and M&g have offloaded £54m of their warehouse portfolio but while I’m happy with the yield I’m guessing there are better candidates For a capital gain.
robow: Questor: buy this ‘big box’ developer for a 5pc yield and the chance of inflation-beating rises Robert Stephens Questor share tip: Tritax’s warehouses allow retailers to service their online customers and burnish their green credentials Investing in online-focused retail stocks is not the only way to capitalise on the growth potential of ecommerce. Tritax Big Box, a real estate investment trust (Reit), owns very large logistics warehouses (“big boxes”) in Britain. Demand for these assets is likely to rise as retailers reposition themselves to accommodate a continued shift towards online sales. In the past 10 years, for example, internet sales as a proportion of total retail sales have risen from 5.9pc to 18.6pc. Even though the wider retail sector could face an uncertain period thanks to weak consumer confidence, Questor is optimistic about the prospects for ecommerce. Indeed, retail ecommerce revenue is forecast to rise at an annualised rate of more than 6pc in the next five years. Of course, Tritax Big Box’s future does not depend solely on the growth of online retail. Demand for its assets is supported by companies that seek to generate operational efficiencies during a period of slower economic growth. Sustainability also forms a key part of Tritax’s potential. Its assets contribute to occupiers’ sustainability agendas through the use of features such as renewable energy generation and vehicle charging points. Looking ahead, the company’s acquisition of an 87pc interest in a geographically diverse land portfolio in February provides it with the opportunity to develop up to 38m sq ft of logistics assets over a period of up to 10 years. This could more than double the size of its portfolio. Since the recently acquired portfolio mainly relates to options over land, it could also prove to be an efficient use of capital. The business expects to fund at least some of its future developments from the sale of existing buildings. This could improve its financial outlook, since it plans to dispose of lower-yielding assets in favour of those that may offer significantly better yields. As Tritax Big Box’s gearing of 29pc is below its medium-term target of 35pc, it has scope to fund future developments via additional borrowings, although further share sales also appear likely following the £250m placing earlier in the year that funded the acquisition of the land portfolio mentioned above. Although uncertainty may cloud the near-term performance of the economy as the Brexit process continues, the company’s customer base is highly diversified. It has 40 different tenants, 78pc (by income) of them listed on major stock markets in Britain, Europe or America. The Reit’s risks are further reduced by its focus on pre-let developments. This is where a future occupier signs a pre-lease before development begins. These arrangements are commonplace because of a lack of supply of “big box” assets. As a result, developments where an occupier is not found before construction starts are limited to just 5pc of the company’s assets. While the wider commercial property market could be hurt by the challenging outlook for the economy, Tritax’s rents are currently rising by more than inflation. Continued rental growth may be ahead and its focus on leases that contain upward-only rent reviews serves to reduce risk further. Tritax Big Box trades on a price-to-book ratio of about 0.9, which Questor believes offers a margin of safety. Although higher income returns than its 4.8pc yield are available elsewhere in the Reit sector, the stock could provide a relatively stable income that grows at a faster pace than inflation in the long run. Its real appeal, though, lies in its capacity to benefit from the structural changes taking place in the retail sector. With a strong development pipeline and an imbalance between supply and demand in the “big box” sector, the company is well placed to capitalise on the growing popularity of ecommerce. Questor says: buy Ticker: BBOX Share price at close: 140.1p
ugandalad: Think the share price reaction says something -probably not good enough.
tyranosaurus: Share price is heading south. Hope there is no surprises in the forthcoming results.
jonwig: IC today: Tritax Big Box (BBOX) has agreed to acquire an 87 per cent stake in db Symmetry, one of the largest privately owned logistics development companies in the UK. This will give it access to over 2,500 acres which, subject to planning consent, will deliver 38.2m square feet of warehouse space. This is significant because this is more than the existing 29.8m sq ft that Tritax currently owns. The acquisition will cost £255m, with an extra £67.7m required to repay deep discounted bonds owned by db Symmetry. To help finance the deal Tritax plans to raise £250m through a placing and open offer on 192m shares at 130p a share, a small discount to the share price. Buy
jonwig: Yes, I understand your point, and the next BBOX valuation will probably support you. The current share price falls in retail and property more widely are broad-brush in nature and in such conditions, BBOX could well hold its NAV figure but the share price go to a discount. Also it's UK-centric, of course. As a holder here, I hope it works out better than that!
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