Tritax Big Box Reit Share Discussion Threads

[toffeeman] 28/3/2022 12:25

Yield of 5% is ok when inflation is 1%!

[financeguru] 28/3/2022 11:57

by the way, I am a long term holder and have no intention of selling out, my yield is over 5%

[financeguru] 28/3/2022 11:55

I have a general question for all......How much higher can the share price go without a good increase in the dividend? with the div yield at 2.75% can the share price grow?

[scruff1] 20/3/2022 09:49

I see we get a mention in Money Mail today. Nothing we dont know.

[williamcooper104] 03/3/2022 10:14

Alas RPI uncapped or cap/floor at 5 and 2 used to be standard Most modern leases nowhere near as good CPI at 3 and 0 is the norm Why BBOX is great, is that in high inflation it's build assets don't hold up as well, but it's land bank does

[dhoult12] 03/3/2022 10:05

Thank you speedsgh, much appreciated

[speedsgh] 03/3/2022 09:53

@dhoult12 - Not sure there is a 'standard'. Everything is up for negotiation at the time of a lease event (new lease, renewal etc) including caps/collars. However the following useful info on rent reviews is included in today's results announcement...

All our leases provide for upward-only rent reviews, with 53.6% of the rent roll being RPI/CPI linked, 28.5% open market, 9.7% fixed and 8.2% hybrid. 20.1% are reviewed annually and 79.9% on a five-yearly basis. The portfolio balances the certainty offered by fixed and inflation-linked leases with the ability to capture market growth from open market and hybrid reviews.

Approximately 56% of the rent roll has either a fixed or minimum increase at rent review. Across the Investment Portfolio this will produce a minimum average increase of 1.7% per annum when a review arises. Cap and collar arrangements cover approximately half of the rent roll and have an average range of 1.5% to 3.4%. We see this range as the minimum increase and aim to achieve higher rental growth across the portfolio through proactive management.

We have assembled the Investment Portfolio to benefit from a balance of rent review types helping to deliver annual income growth and a progressive dividend. Some 37% of the portfolio rent roll was subject to review in 2021. Including outstanding rent reviews from prior periods, total reviews were settled in respect of 32% of the portfolio, with the remainder expected to be completed in 2022. Due to the addition of completed development assets with annual reviews, 35% is now expected to be reviewed in 2022. Progress with rent reviews in 2021 is set out in the asset management section below.

[diamond fibre] 03/3/2022 09:20

Doing well in these uncertain times. DIAMOND.

[dhoult12] 03/3/2022 09:16

Hold this and SHED. Does anyone know the inflation terms in the rent contracts? Get each one will be different, but IIRC they tend to have RPI upto 5% in there can anyone confirm that's 'standard'

[skinny] 03/3/2022 07:51

Yes aren't they just.

Despite selling 20% of these recently @243p, they are still my second largest holding by value (AV 109p).

REIT wise, I also hold WHR,SHED,LXI,RGL,SREI,AEWU,AIRE.

[igoe104] 03/3/2022 07:41

These warehouse companies are excellent holdings to have in weak markets. Whilst other growth companies fall in weak markets, these stay steady.. I hold Bbox, WHR, Shed. Buy when they are down, and hold for years and watch the dividend increase as well as the S/P.

[18bt] 03/3/2022 07:37

NAV particularly strong. Div slightly more than forecast as well. More than happy with those,

[skinny] 03/3/2022 07:02

.

.

[williamcooper104] 08/2/2022 10:30

It's not that long ago that the capital value psf wasn't much more than some of the current rents psf

[williamcooper104] 08/2/2022 09:15

For once a good article in Property Week

[scruff1] 06/2/2022 19:05

Appreciate the thoughts chaps

[skinny] 06/2/2022 10:11

Probably because I sold 20% of my holding on Thursday.

Joking apart, a lot of the REITS that I hold were hit particularly hard on Friday - interest rate worries?

[scruff1] 05/2/2022 11:42

Big drop yesterday. Any particular reason or just general mkt mood ?

[skinny] 27/1/2022 07:16

.



Colin Godfrey, CEO, Fund Management, commented:

"We continue to build momentum in our development portfolio with record levels of activity delivering 3.7 million sq ft of development completions in 2021. Today, with 2.3 million sq ft of sites either in construction or under offer, we go into 2022 in a strong position with increasing visibility on the delivery of our development pipeline. In addition, our commitment to deliver the most sustainable new logistics buildings has been recognised by GRESB which has awarded us the "Leader for Development in the European and Global Industrial Listed sector". The progress we are making in development complements and supports our strong investment portfolio by delivering attractive and sustainable levels of total returns for our shareholders."

Investor seminar

The Company will host a seminar for investors and analysts focused on our development portfolio at 2pm today. To join the seminar via webcast please use the following link:



The presentation referred to in the seminar will be made available on our website ( ) from 1:30pm.

Full year results

The Company will report its full year results on 3 March 2022 and will hold a presentation for investors and analysts from 9:30 am.

[skinny] 26/1/2022 09:36

Slightly out of date, but may be of interest :-

[scruff1] 26/1/2022 09:07

Yep done that. It must be me I guess but cant spot a connection between JLL/britishvolt/BBOX. No worries - cheers anyway.

[skinny] 26/1/2022 07:38

scruff - you need to put JLL in the search box on the linked article.

[scruff1] 25/1/2022 21:04

Skinny
Read the article but I didnt notice JLL mentioned. I know its early days and doesnt really matter but I am thinking it could be useful keeping an eye on them.