Tritax Big Box Reit Share Discussion Threads

[skinny] 28/7/2020 05:46

petewy - I got that email and wished him luck but pointed out that their site definitely said July yesterday morning BEFORE I left my answer phone message.

Anyway - all sorted now.

[lilly 01] 28/7/2020 05:40

It’s good now they have made some effort, but no excuse to hide behind Coronavirus.

[scruff1] 27/7/2020 20:29

Thats a result. Well done and thanks Skinny and pete. Effort appreciated

[petewy] 27/7/2020 19:31

Hey Skinny I received an (over written)email:

Dear Peter,
Thank you very much for your email. I joined a few weeks ago to establish an investor relations team for Tritax Big Box.
The website states August but as we announced in our recent rent collection update we will declare our Q2 interim dividend in parallel to our interim results on the 6 August. This means we are due to go ex-dividend on/around the 14 August with payment on/around 28 August.
We will be updating the website in due course in addition to ensuring our phone and email systems are working effectively so shareholders can get in touch with us easily.
Best wishes,

Ian
Ian Brown, Head of Investor Relations
Tritax Management LLP

[lilly 01] 27/7/2020 18:50

Quite shocking!

[dhoult12] 27/7/2020 17:49

Well done!

[petewy] 27/7/2020 15:56

Well done Skin. here's to ya.

[skinny] 27/7/2020 13:03

Well, well - the website has been updated from July 2020 to August 2020!!!

.

[skinny] 27/7/2020 12:35

I've now phoned and got an answer phone - so have left a message suggesting that they update their site!

[speedsgh] 27/7/2020 11:18

That's pretty poor for a FTSE250 company if you ask me. One would expect a colleague to cover and respond to IR queries when the main contact is on holiday, Covid or no Covid.

[petewy] 27/7/2020 09:39

Same result Skinny

[skinny] 27/7/2020 07:53

I've emailed them :- [e-mail]

on edit - and got this reply!

Please note I am out of office on annual leave returning on 3 August 2020.

If you have an urgent matter please call 0207 290 1614 otherwise I will respond to your query on my return. Henry Franklin.

[rustle2] 27/7/2020 07:48

dividendmax predicts this thursday..

[tyranosaurus] 27/7/2020 07:41

BBOX website shows xd date as July.
This is poor as already 27th and no news.

[speedsgh] 27/7/2020 07:38

No announcement has been made yet on any dividend in respect of the period 1/4-30/6. Announcement was made 17/7 last year so they are a bit later this year.

[financeguru] 27/7/2020 07:32

can anyone please tell me when we are due to go ex-div? I thought it was right about now!

[scruff1] 09/7/2020 21:52

Maybe but many going out of business are on the high street. The growth in online will continue and will be permanent and by its nature will need storage.There may be competition. It makes some stronger and some it destroys. You have to decide your investments. There may be better stuff out there but its in shark infested waters.

[dhoult12] 09/7/2020 19:28

Good luck with your profits. I still think compared to a lot of the market this is not a bad place to be. If inflation does pick up leveraged assets like these - with inflation increasing rents is not a bad shout.

[porsche1945] 08/7/2020 13:57

Took my profits on this, capital gain was good but bought when they were trashed in March, but the story looking a bit tedious now, not really going anywhere, a lot of competition in this sector now, some big names likely to go out of business, the U.K. in the worst state of almost any european country now, a lack lustre dividend they were quick to cut. Far better stuff out there, and all listed on the S&P.

[skinny] 08/7/2020 06:09

.




Tritax Big Box REIT plc (Tritax Big Box or the Company) today provides an update on its rent collection and strong financial position.



High quality portfolio and robust tenants continuing to support strong rent collection

With a diversified tenant base and a weighting towards defensive sectors, the Company's resilient portfolio has been reflected in our strong rent collection since the start of the Covid-19 pandemic.



We expect that 97% of Q3 2020 rents will be collected by the end of August 2020 comprised of the following:



· 84% of rents have been paid to date



· 13% is scheduled to be collected on a monthly basis over the remainder of the quarter



· For 3% of rents, we are in discussions with a small number of tenants over deferral of rental payments in support of their short-term cash flows during the Covid-19 pandemic



In line with our expectations outlined in our April 2020 trading update, 96% of Q2 2020 rent was paid within the respective quarter. Of the 4% of Q2 2020 rent not paid within the period, we expect 1% to be paid imminently and the remaining 3% to be collected over 2020/21.



To date, no rent-free periods or rent reductions have been agreed across the portfolio.



Maintaining a strong financial position



In addition to resilient cash flows from rent collection, the Company has access to a range of significant financing facilities that form part of its overall strong financial position. In June 2020, the termination date in respect of £190 million of its £200 million unsecured revolving credit facility (the Facility), was extended from June 2024 to June 2025. The maturity date of the residual £10 million that was not covered as part of this extension will remain June 2024.



The Facility, which is with a syndicate of lenders, retains its uncommitted £100 million accordion option and the margin payable under the Facility of 1.10% per annum over three-month LIBOR remains unchanged. The Facility was entered into in June 2019 for an initial period of five years and this extension is the first of two, one-year extension options that are available to the Company under the original terms.




The agreement in respect of the Facility extends the Company's weighted average debt maturity to 7.1 years.



Colin Godfrey, CEO, Fund Management, commented:



"We expect 97% of our Q3 rent to be paid by the end of August 2020 highlighting the strength and critical nature of our Big Box logistics portfolio and underpinning our resilient income generating model. Our Big Box logistics assets, all of which have remained operational during the pandemic, have enabled our customers to continue working safely and meet significant surges in demand as more consumers than ever shop online.



"We entered this period of uncertainty in a robust position, and while our rent collection performance and financing structure is strong, we believe it remains appropriate to maintain a cautious approach. Throughout this crisis we have continued to make good strategic progress, managing our assets effectively and progressing our development pipeline in our customers' and shareholders' interests."




H1 2020 results announcement and dividend declaration



The Group will announce its results for the six months to 30 June 2020 and declare its interim dividend for the quarter ended 30 June 2020 on 6 August 2020.

[1nf3rn0] 28/6/2020 11:50

MIDAS SHARE TIPS: Warehouses can mean big profit | Daily Mail Onlinehttps://www.dailymail.co.uk/money/investing/article-8466019/MIDAS-SHARE-TIPS-Warehouses-mean-big-profit.html

[paleales] 28/6/2020 05:02

Tritax Big Box specialises in mega-sheds, massive warehouses used by some of the biggest names in online shopping to satisfy their customers' needs. 21:52, 27 June 2020

[williamcooper104] 16/6/2020 15:31

They most likely have not concluded the Legals on the prelet I've never announced a prelet until it was contractually agreed - and unfortunately it can take many months to get these agreements over the line Given market/demand/supply seems a low risk that amazon falls away

[williamcooper104] 16/6/2020 15:29

Not BBOX - but still good signs for the sector https://www.propertyweek.com/finance/warehouse-reit-continues-lettings-activity-during-peak-of-lockdown/5108446.article

[dhoult12] 15/6/2020 12:05

If collection has been much better than expected (or feared) and due to the nature of the assets a big write down is not expected, one would hope given its a REIT for a catch up dividend later in the year.