Tritax Big Box Reit Share Discussion Threads

[divmad] 06/5/2022 12:36

What's the link to EBox, anyone?

[skinny] 06/5/2022 12:19

And again - looks like an ISA fill.

[scruff1] 06/5/2022 11:53

BP isnt - yet - thank goodness. Just about keeping me sane. Big unknown for me is, is this the start of a long short/medium slide or a hiccup before it climbs somewhat - however 'somewhat' is quantified

[scruff1] 06/5/2022 11:53

BP isnt - yet - thank goodness. Just about keeping me sane. Big unknown for me is, is this the start of a long short/medium slide or a hiccup before it climbs somewhat - however 'somewhat' is quantified

[feddie] 06/5/2022 10:24

Everything is falling right now.

[scruff1] 06/5/2022 09:43

Its taking a right kicking though. I was hoping we were about the bottom but it seems to be continuing its fall.

[scruff1] 06/5/2022 09:29

Indeed there were Skinny. I never noticed as the RNS were so close together I assumed they were the same. Its reassuring to know though that they are confident. I am generally though disappointed that one of my flagships has turned south so much. I amwondering whether to buy at these levels but two issues make me hesitate - is there going to be much growth in the medium term and is the yield large enough. Mmmmm.

[skinny] 06/5/2022 08:49

There were two yesterday.

[scruff1] 06/5/2022 08:43

Another one? There was one yesterday

[tnt99] 06/5/2022 07:36

Good buy from a director today

[scruff1] 04/5/2022 18:07

It needed to be above 1.65 to give it a kick.

[scruff1] 04/5/2022 18:07

It needed to be above 1.65 to give it a kick.

[toffeeman] 04/5/2022 14:06

buy back at the last placing price?

[skinny] 04/5/2022 12:17

From the update :-

Colin Godfrey, CEO

Strong demand from a broad range of occupiers supports market strength

Strong and diversified occupier demand combined with historically low levels of availability are leading to further rental growth across the UK.

-- Near record levels of demand from a range of occupier types with 10.4 million sq ft of take up in Q1 2022, up 102% on Q1 2021.

[financeguru] 04/5/2022 12:10

best kept secret at the moment seems to be ...... what is the dividend going to be for the year going forward. If it is not substantially more than last year, I fear for the share price. I rather stupidly/rashly bought more on the initial fall yesterday and then bought more after lunchtime when it looked to have stabilized, thankfully still in profit overall as I have held these for a long time. Wish I had kept my powder dry! Can anyone see some positives in this?

[roguetraderuk] 04/5/2022 11:35

according to salesforce you saw a global pullback of ecommerce sales of 3% and down 13% in europe. the inpost ceo believes you still have downside and that a bottom may come end q2/early q3. the long term trend should still be up but given these logisitics plays were trading on huge nav premiums and with yields at or below treasuries, eventually it had to give. you could now see a period of trading below nav as these assets will need to be marked lower to, as has everything else. amazon seem to be loading their q2 with costs and low bar and expect a jump in q3, so thats alo an indicator of what people expect. of course any protracted slowdown in the economy is going to act like a brake on any rebound, even if sooner or later its bound to come. id focus on logistics plays strong in data centre or ecommerce in central and eastern europe, because they are still behind in saturation.

[scruff1] 04/5/2022 11:04

rogue
is there any form of retailing thats not slipping? In fact is there much of anything not slipping at the moment? Its a dip (for how long?) not a trend change and reading the update BBOX seem pretty well placed at least for the medium term

[financeguru] 04/5/2022 09:13

anyone here attending the AGM?

[speedsgh] 04/5/2022 08:35

BBOX now trading at a discount to EPRA NTA (31/12/21: 222.52p) for the first time in a good while.

[roguetraderuk] 04/5/2022 08:28

ecommerce sales are slipping and you are getting bad etailer reports almost everyday, today boohoo. its going to feed into falling demand on the ecommerce side of logistics esp when the 10 year is yielding about what many of these are paying in dividends and were at large premiums to nav.

[igoe104] 04/5/2022 08:22

Story is unchanged here, folks are like sheep, only selling because the reits are down in America...

Their is a weak mentality with alot of investors...

[scruff1] 04/5/2022 08:16

Pretty much as expected I guess. Doesnt seem to have stemmed the sell off. Maybe declaration of dividend may do. Last year it was the day after the update and AGM

[speedsgh] 04/5/2022 07:57

No skeletons in this morning's Trading Update AFAICS. They seem to be mitigating well-publicised cost inflation fairly well, demand still far outstrips supply. Must be little scope for further yield compression so future growth to be driven by rental growth and bringing the development pipeline into fruition.

Trading Update -

Tritax Big Box REIT plc (the Company), in conjunction with its Annual General Meeting, announces an update on its performance for the period 1 January 2022 to date.

"We have made a positive start to the year as we continue to drive performance across all business areas. Demand from a broad range of occupiers for new logistics space remains very strong, underpinning our confidence in our growth prospects. We are actively managing our portfolio, completing several rent reviews and lease extensions during the period which will deliver attractive levels of income growth. With 3.1 million sq ft of space currently under construction we have growing visibility on accelerating earnings growth over the medium-term."

"The UK has entered a period of higher inflation however I am reassured by how the Company is positively responding to date. We are mitigating much of the construction cost inflation in our near-term development pipeline through our specialist approach to procurement, locking in fixed price building contracts, and our ability to pass through increased costs to rents. Our active management of open market rent reviews, the significant proportion of inflation linked leases and strong occupier demand combined provide a good degree of inflation protection."

[continues]

[scruff1] 03/5/2022 22:00

William
???

[williamcooper104] 03/5/2022 20:09

That's where I made my money