Tritax Big Box Reit Share Discussion Threads

[scruff1] 17/11/2020 03:10

William - I take my hat off to you but how the hell do you find all this? It amazes me

[williamcooper104] 17/11/2020 00:51

That's the one Not sure we will get a full 15-20 percent uplift - but there has to be a material uplift all the same

[scubadiverr] 16/11/2020 22:34

Aha. More yield compression. It would be nice to see a 20% increase in our NAV. Cheers

[williamcooper104] 16/11/2020 22:25

The agent went out trying to sell a shed leased to Sainsbury's - they were marketing it at 4.5 percent yield eg roughly 22 times the rent It was aggressively bid up and is now under offer at 3.75 percent or c27x rent - so it's going to trade at 20 percent above the marketing price Just more weight of money/market on fire evidence

[scubadiverr] 16/11/2020 22:06

WC is one of the best posters on advfn imo. Shame I don't fully understand this one

[scruff1] 16/11/2020 21:38

I that the one at Marsh Leys. I cant find anything. I amazed at how you glean these snippets

[williamcooper104] 16/11/2020 17:47

15 year income to Sainsbury's occupied shed in Bedford going under offer at 3.75 percent - was marketed at 4.5 percent

[williamcooper104] 16/11/2020 15:35

No probs - I'm v long BBOX - but never fall in love with a stock and always try and think of what could go wrong The what could go wrong is small at the moment - but few stocks are truly for ever

[scruff1] 13/11/2020 22:14

Good post william. Interesting comments

[williamcooper104] 13/11/2020 21:08

A huge head wind is business rates At moment sheds get taxed very lightly £2-4 psf whereas retail property business rates are anything from £10-£100 psf That's going to get rebalanced and business rates are one of the few ways to tax amazon But doesn't impact on existing leases and the demand is such that while it will lessen rental growth it probably won't kill it -m

[skinny] 13/11/2020 15:45

A bit academic, but I thought it was around -70 degrees Celsius.

[petewy] 13/11/2020 15:32

Aren't the vaccines stored in vacuum boxes which you need for the Pfizer vacs at -80C

[chucko1] 13/11/2020 13:36

Oxford vaccine will require 2 to 8 degrees c. Not sure you really need a warehouse for that - it's not as though the doses are one litre. Well, I hope not - that would be nearly an armful (bigger arms nowadays, I suppose).

[williamcooper104] 13/11/2020 13:31

Not for the Pfizer vaccine - apparently

[eagleblue1] 13/11/2020 13:05

Cheers - suspected so.

[dhoult12] 13/11/2020 12:48

You would assume it's cold store at 5 or 6 degrees for milk etc given tesco, rather than - 70 for a vaccine.

[eagleblue1] 13/11/2020 12:17

Pure speculation on my part and no knowledge of whether this type of facility would be appropriate at all - but could a cold store facility close to a port be a practical place to store a Covid vaccine?

[williamcooper104] 13/11/2020 11:56

Exactly - the big difference between US REIts (total return well in excess of wider market on most timeframes) and U.K. property companies (underperformers on almost any reasonable timeframe) other than sector specialism is cost of capital/premium rating leading to ability to raise equity at a premium to private market valuations That's what made Prologis, SPY (before retail blew up) PSA and American Tower It's why trading at a NAV premium isn't necessarily being overvalued but rather can be huge asset that can lead to spectacular growth

[igoe104] 13/11/2020 11:12

Nice divi has just arrived in my account, I love these quarterly Dividends.

[dhoult12] 13/11/2020 09:58

Lease expires in January at the end of a 25 year one to Tesco. Would assume hope they have done their DD and already have an uplift lined up.

[skinny] 13/11/2020 09:35

Less than additional 1% and at /near the all time high.

[scruff1] 13/11/2020 08:18

12m new shares !?