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
REAL ESTATE INVESTMENT TRUSTS

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
06/08/2020	Interim	GBX	1.56	30/12/2019	30/06/2020	13/08/2020	14/08/2020	28/08/2020	0
08/04/2020	Interim	GBX	1.5625	01/12/2019	31/03/2020	23/04/2020	24/04/2020	21/05/2020	0
28/02/2020	Interim	GBX	1.72	31/12/2018	31/12/2019	05/03/2020	06/03/2020	27/03/2020	6.85
09/10/2019	Interim	GBX	1.71	30/05/2019	30/09/2019	17/10/2019	18/10/2019	14/11/2019	0
17/07/2019	Interim	GBX	1.71	30/12/2018	30/06/2019	25/07/2019	26/07/2019	15/08/2019	0
16/05/2019	Interim	GBX	1.71	01/12/2018	31/03/2019	23/05/2019	24/05/2019	17/06/2019	0
06/03/2019	Final	GBX	1.68	31/12/2017	31/12/2018	14/03/2019	15/03/2019	28/03/2019	6.7
11/10/2018	Interim	GBX	1.67	30/05/2018	30/09/2018	18/10/2018	19/10/2018	15/11/2018	0
12/07/2018	Interim	GBX	1.68	30/12/2017	30/06/2018	19/07/2018	20/07/2018	09/08/2018	0
17/05/2018	Interim	GBX	1.67	01/12/2017	31/03/2018	24/05/2018	25/05/2018	11/06/2018	0
07/03/2018	Final	GBX	1.6	31/12/2016	31/12/2017	15/03/2018	16/03/2018	29/03/2018	6.4
12/10/2017	Interim	GBX	1.6	30/05/2017	30/09/2017	19/10/2017	20/10/2017	16/11/2017	0
13/07/2017	Interim	GBX	1.6	30/12/2016	30/06/2017	20/07/2017	21/07/2017	10/08/2017	0
24/04/2017	Interim	GBX	1.6	01/12/2016	31/03/2017	04/05/2017	05/05/2017	22/05/2017	0
07/03/2017	Final	GBX	1.55	31/12/2015	31/12/2016	16/03/2017	17/03/2017	03/04/2017	6.2
28/09/2016	Interim	GBX	1.55	30/05/2016	30/09/2016	13/10/2016	14/10/2016	27/10/2016	0
11/08/2016	Interim	GBX	3.1	30/12/2015	30/06/2016	18/08/2016	19/08/2016	25/08/2016	0
27/01/2016	Interim	GBX	3	31/12/2014	31/12/2015	11/02/2016	12/02/2016	09/03/2016	5.1
21/08/2015	Interim	GBX	0.5	30/12/2014	30/06/2015	03/09/2015	04/09/2015	23/09/2015	0
08/06/2015	Interim	GBX	0.8	31/01/2015	31/05/2015	18/06/2015	19/06/2015	15/07/2015	0
06/03/2015	Interim	GBX	0.8	28/10/2014	28/02/2015	19/03/2015	20/03/2015	22/04/2015	0
23/02/2015	Interim	GBX	0.8	31/12/2013	31/12/2014	05/03/2015	06/03/2015	18/03/2015	4.15
20/11/2014	Interim	GBX	1.5	01/07/2014	31/10/2014	27/11/2014	28/11/2014	17/12/2014	0
08/07/2014	Interim	GBX	1.85	30/12/2013	30/06/2014	16/07/2014	18/07/2014	08/08/2014	0

Top Dividend Posts

Date	Subject
09/4/2020 17:14	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 Read Full Thread Follow Reply
19/3/2020 22:48	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. Read Full Thread Follow Reply
17/3/2020 20:30	speedsgh: Big Box shares fold amid flat-lining growth and virus fears - HTTPS://citywire.co.uk/investment-trust-insider/news/big-box-shares-fold-amid-flat-lining-growth-and-virus-fears/a1336389 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’. Read Full Thread Follow Reply
24/2/2020 11:04	tyranosaurus: That`s the recent share price increase gone. Read Full Thread Follow Reply
07/1/2020 09:21	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. Read Full Thread Follow Reply
02/9/2019 08:13	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 Read Full Thread Follow Reply
08/8/2019 08:25	ugandalad: Think the share price reaction says something -probably not good enough. Read Full Thread Follow Reply
31/7/2019 08:38	tyranosaurus: Share price is heading south. Hope there is no surprises in the forthcoming results. Read Full Thread Follow Reply
25/1/2019 20:09	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 Read Full Thread Follow Reply
12/12/2018 12:28	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! Read Full Thread Follow Reply

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