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Share Name Share Symbol Market Type Share ISIN Share Description
Tritax Big Box Reit Plc LSE:BBOX London Ordinary Share GB00BG49KP99 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  7.20 3.32% 223.80 223.80 224.00 224.80 214.60 215.00 8,791,338 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 194.5 449.5 26.3 8.5 3,847

Tritax Big Box Reit Share Discussion Threads

Showing 1451 to 1474 of 1650 messages
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older
DateSubjectAuthorDiscuss
13/11/2020
13:05
Cheers - suspected so.
eagleblue1
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.
dhoult12
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?
eagleblue1
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
williamcooper104
13/11/2020
11:12
Nice divi has just arrived in my account, I love these quarterly Dividends.
igoe104
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.
dhoult12
13/11/2020
09:35
Less than additional 1% and at /near the all time high.
skinny
13/11/2020
08:18
12m new shares !?
scruff1
13/11/2020
07:31
Thanks for posting What's not to like there
williamcooper104
13/11/2020
07:01
Tritax Big Box REIT plc Acquires prime distribution unit in core location. Tritax Big Box REIT plc (Tritax Big Box or the Company) today announces it has acquired a prime temperature controlled distribution unit in the core South Coast location within the Nursling Industrial Estate in Southampton, for GBP44.2 million, reflecting a net initial yield of 5.24%, in an off market transaction with a UK real estate fund. An attractive asset in a prime location The acquisition secures an attractive asset in a prime logistics location, providing critical cold-store capabilities close to a key UK port. -- 325,000 sq ft building with extensive cold-store capabilities on a 20 acre site -- Well configured cross-docked building with 10 metre eaves and 53 dock levellers, together with extensive parking and yard area -- Nursling Industrial Estate is the pre-eminent location for logistics on the South Coast, where Southampton represents the primary logistics hub for the region o Excellent road, port and rail connectivity o Proximity to a major population centre providing a deep employment market for occupiers -- Very low vacancy rates in the Southampton area due to high demand from a range of occupiers Opportunities to increase value and income The building is let to Tesco on a 25 year lease expiring in January 2021 and, through extensive due diligence, we believe the site provides a range of opportunities to deliver near-term value through asset management, including: -- Increasing value through agreeing a lease regear/new lease -- Growing income through capturing current market rental reversion -- Capturing future rental growth in a structurally undersupplied location -- Enhancing the configuration of the built area and yard -- Increasing the asset's sustainability through green initiatives such as solar Financed through a blend of existing resources and issuance of new shares The GBP44.2 million consideration will be financed through GBP24.2 million of existing resources and the issue to the seller of 12,166,930 new Ordinary Shares in the Company at a price of 164.38 pence per share. -- This issue price represents a 6.2% premium to the 30 June 2020 EPRA NAV -- The new Ordinary Shares are subject to a six-month orderly market agreement in customary form Colin Godfrey, CEO, Fund Management, commented: "This is a rare asset acquired off-market in a prime South Coast location next to the M27 motorway and close to the Port of Southampton. Benefitting from a strong existing tenant and a robust underlying occupational market, this building presents us with several attractive asset management opportunities which we expect will drive income and capital value growth. While the investment market for logistics assets continues to strengthen, there remain select attractive acquisition opportunities where significant value can be added through asset management." Listing of new shares The new Ordinary Shares to be issued by the Company as part of the consideration represent approximately 0.71% of the Company's existing issued share capital. Applications have been made for all of the new Ordinary Shares to be admitted to the Premium Listing segment of the Official List of the UK Financial Conduct Authority (the "FCA") and to trading on the London Stock Exchange's Main Market for listed securities ("Admission"). The new Ordinary Shares will rank pari passu with the Company's existing Ordinary Shares, and Admission is expected to occur at 8.00am on 16 November 2020. Total voting rights Immediately following Admission, the Company will have 1,719,141,878 Ordinary Shares of 1 pence each in issue and therefore the total voting rights in the Company will be 1,719,141,878. This figure may be used by Shareholders as the denominator for the calculations by which they may determine whether or not they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules. The Company does not hold any shares in Treasury. "The GBP44.2 million consideration will be financed through GBP24.2 million of existing resources and the issue to the seller of 12,166,930 new Ordinary Shares in the Company at a price of 164.38 pence per share"
skinny
11/11/2020
22:05
Nope - haven't heard any whispers or approaches But suffice to say - there's record amounts of unspent PE money and a lot of it is looking at public to private transactions
williamcooper104
11/11/2020
21:41
William Maybe but have you read any whispers about likely candidates?
scruff1
11/11/2020
15:32
don't wake him up ffs
alter ego
11/11/2020
15:04
anyone seen Buywell ???
financeguru
10/11/2020
22:24
List as long as the old yellow pages :) Everyone wants into the space Every fund manager/investor/PE house wants exposure External management contracts though could have poison pills
williamcooper104
10/11/2020
22:02
If a take out was in the offing who do you see as likely suitors?
scruff1
10/11/2020
21:59
That may be a point. Maybe some think this has peaked for a while and using the cash to try and catch a quick profit on some of the rapid risers that have a few months in the doldrums eg BP but lots of others. Maybe that a vaccine is seen as a shot in the arm to the high street and therefore less pressure on BBx's - bit weak I know.
scruff1
10/11/2020
21:22
Not sure - certainly goes against weight of money in private markets Could be generalist equity investors fleeing to recovery stocks - appears that way with PLD/SGRO If dips further will add If dips further then given weight in private markets a take over bid is likely
williamcooper104
10/11/2020
21:09
Im surprised that weve had another day of sustained drop. If its profit taking now they could have done it Friday. share price was higher then. Is there another interpretation?
scruff1
10/11/2020
06:36
I'm more than happy to hold here - new high touched yesterday @171.60p. Dividend this Friday (13th).
skinny
10/11/2020
00:26
Interesting movements - the big boys PLD and SGRO tanked c5 percent (I sold out of SGRO as thought BBOX better relative value) BBOX is trading a little below NAV (my guess c5 percent at next valuation date) Whereas SGRO is at a huge premium
williamcooper104
09/11/2020
21:03
Well it looked exciting til dinner time ! Profit taking I presume - cant blame em
scruff1
31/10/2020
17:38
And yet another deal closed - this time 10 percent above asking £500m - secondary assets at 4.9 percent - bought by BLackstone Core Plus fund (eg seeking 6-8 returns) Not going to be a lot, or rather any, non-on line retail spend this Christmas
williamcooper104
28/10/2020
08:44
Moutpark $550m logistics deal, all new build so little reversion, 15 year WALT, went under offer today at sub 4 - note that prime logistics yields were previously c4.3-5 Also the reversionary yield on the Canning Town asset that Segro bought was 4 percent with the NEY at 3.3 percent
williamcooper104
Chat Pages: 66  65  64  63  62  61  60  59  58  57  56  55  Older
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