Tritax Big Box Reit Share Discussion Threads

[skinny] 27/8/2021 17:35

Thanks for that.

Having been here since December 2013 and adding last year @82.85p, these have been one of my better performing holds and remain my top holding by value.

[williamcooper104] 27/8/2021 17:29

From React news When Tritax Big Box REIT bought the site of the former Littlebrook Power Station in Dartford in 2017 for £65m it was cause for a not inconsiderable amount of controversy.A clutch of analysts and investors mumbled and grumbled that the company had moved off course, away from its stated strategy of buying purely existing, long-let warehouses or backing forward funding deals and had instead begun to take on more risk by moving into development. Steve Smith, one of the company's non-executives, even went as far as resigning in wake of the decision. The company had won plaudits for being one of the few REITs that had stuck to a "does what it says on the tin" approach of taking a pure play attitude and buying steady income streams for its shareholders, which was the premise that underpinned the creation of the REIT regime after all.But with logistics yields rapidly compressing even back in 2017, Tritax saw the way the tide was turning and the insatiable increase in occupier demand on the horizon and used its market expertise to find an alternative way to maximise returns. In a further two finger salute to the naysayers, it also bought an 85% stake in Delancey and Barwood's giant development platform db Symmetry in 2019 for £370m. And while those critics of the move into development had their purist point, few of them are now piping up to poke the finger. Last year Amazon committed to a ginormous 2.3m sq ft warehouse at the Littlebrook site and this week Ikea committed to a 450,000 sq ft unit there too.At the time of the db Symmetry acquisition there were gasps at the price that had been agreed and the handsome profit the sellers had made, although even then Delancey had its doubts about letting go. Now its land portfolio of 4,150 acres with the capacity for 40m sq ft of warehouse space looks almost priceless, such is its rarity, and the company has a pipeline it can steadily chew through if opportunities elsewhere look scarce or expensive. The likes of British Land and Landsec are currently in a desperate capital recycling process, selling off low-yielding assets to pump into higher risk, higher returning development projects in up and coming sectors or areas that they do not yet have proper exposure to. It is a move that Tritax made four years ago.Of course, Big Box has had the wind in its sails by being in the right sector from the outset, but moving into development was no straightforward decision and the company's management deserves to enjoy a glass of something cold as the prelets continue to roll in.

[skinny] 20/8/2021 15:04

Yet another new high @236.80p.

[speedsgh] 19/8/2021 11:08

Logistics ‘race for space’ causes UK Land Values to double in 3 years -

[scruff1] 17/8/2021 07:50

I always remember a phrase from some share publication 'Trees dont grow to the sky. Consider taking profits from high flyers dont be left being the bag holder'.

Problem I always have is that if I take profits - its not really profits because I will invest it elsewhere in a stock that may not perform as well. Its obvious from the above comments that Im in a big gang

[skinny] 16/8/2021 09:53

And therein lies the rub!

[williamcooper104] 16/8/2021 09:44

Yep; I'm struggling with on the one hand getting the tenant demand/supply dynamic but equally getting frightened about the nose bleed yields and thus the huge sensitivity to long gilts blowing out So I'm still happy to hold but just looking elsewhere for interest rate protection If we do though end up with 20 years of Japanese rates then of course there's no nose bleed on yields

[williamcooper104] 16/8/2021 09:40

I always get confused when I top slice - between wanting a fall to justify the top slice but of course not wanting it to keep the value of my existing holding Have to remind myself that it's just an insurance like cost/action

[stevie31] 16/8/2021 09:18

Ditto - I top sliced late last week but will buy on any pull back.However if it carries on northbound I'll still be happy

[lcwanderer] 16/8/2021 09:16

I top sliced on Friday. This has had a phenomenal run and it seems prudent to take a little profit while letting the remainder run.

[purplepelmets] 16/8/2021 08:57

^same. Now a huge holding, having reinvested all Hansteen proceeds here, but can't think of anywhere safer and better for steady divis, not to mention the high chance of more consolidation in the sector and a buyout buy PE or US entities such as the pension fund. Not selling a single share.

[igoe104] 16/8/2021 08:53

I'm keeping hold of mine. Their is a big shortage for online storage facilities. So I'm happy to hold for the long term. Ride your winners...

[scruff1] 16/8/2021 08:45

Skinny
Same here. My instinct tells me to cut and run and lock in profits. Then again its a good divi and probably has more to run. Decisions decisions.

[skinny] 16/8/2021 08:19

Yet another ATH @235.60p - decision time for me with these, now by far my largest holding by value.

[williamcooper104] 13/8/2021 20:52

Segro had already repriced to a huge premium to NAV - BBOX is catching up meanwhile the private market is on fire Was only a few years ago that sheds first went sub 5 - now best ones are 2.5 yields!!!! Theoretically BBOX being externally managed should trade at a discount to SGRO - but in current market things like that get forgotten

[norland1] 13/8/2021 14:54

Not complaining as it's my biggest holding by far. Is there something going on or is it to do with the quality of their sheds and their land potential that's driving this. All logistics stock are up but Big Box are head and shoulders above the others.

[mach100] 09/8/2021 22:45

Brilliant share The minimum investment at IPO was 10000 which I considered but thought it was too much for one share investment. I have bought in since though and reinvested my divis. I have only one minor quibble with the company. I really wish they would change the name of the company as it just reminds me of my ex gf.

[stonesfan] 05/8/2021 09:31

I can't recall another share of mine rising so strongly (or even at all) on ex divi day...

[skinny] 05/8/2021 09:22

Quite some rise - especially as its Ex-div today @1.60p.

[skinny] 05/8/2021 08:41

Aren't they just!

FWIW and expect some revisions!

.

[n0rbie] 05/8/2021 08:25

Stunning results

[skinny] 04/8/2021 11:46

Another new high @214p

On edit :- make that 216.20p.

[skinny] 30/7/2021 16:45

Another new high @211.60p