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BBOX Tritax Big Box Reit Plc

157.20
0.60 (0.38%)
28 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.60 0.38% 157.20 158.20 158.40 158.60 155.00 155.00 5,494,304 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 222.1M 70M 0.0368 42.99 3.01B
Tritax Big Box Reit Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker BBOX. The last closing price for Tritax Big Box Reit was 156.60p. Over the last year, Tritax Big Box Reit shares have traded in a share price range of 121.80p to 173.00p.

Tritax Big Box Reit currently has 1,903,738,325 shares in issue. The market capitalisation of Tritax Big Box Reit is £3.01 billion. Tritax Big Box Reit has a price to earnings ratio (PE ratio) of 42.99.

Tritax Big Box Reit Share Discussion Threads

Showing 1926 to 1948 of 2325 messages
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DateSubjectAuthorDiscuss
03/8/2022
16:15
Hope not I expect back to 2.50
tnt99
26/7/2022
12:52
Next stop, 150p
my retirement fund
21/7/2022
07:00
Results on 4th Aug. I cant see them doing anything other than giving the share price a fillip - no matter how short lived. The drop in the share price has nothing to do with the balance sheet to date and Im not convinced the current economic situation will impinge too much on its medium term prospects
scruff1
13/7/2022
08:18
11th July 2022



Iron Mountain Announces Home for New UK Campus at Symmetry Park Rugby
Tritax Symmetry has exchanged an agreement for lease with Iron Mountain on 963,892 sq ft state of the art logistics space at Symmetry Park Rugby. The facilities will form Iron Mountain’s first UK campus to offer its wide range of services.

Winvic Construction has been appointed as main contractor to deliver the first two units, totalling 320,682 sq ft, which will be built to net zero carbon in construction. Work has already started and completion is due in Q2 2023. The construction of units three and four, comprising a total of 643,210 sq ft will follow in late 2023.

The announcement comes after the logistics developer secured outline planning permission from Rugby Borough Council (RBC) for up to 2million sq ft of employment space on the 111-acre site, which is located on the M45/A56 strategic highway link.

Speaking about the letting, Joseph Skinner, associate development director at Tritax Symmetry, commented: “This is one of the largest lettings completed in the UK this year and we are pleased to have been able to successfully accommodate Iron Mountain’s requirement for its new campus strategically positioned in the heart of the golden triangle. This is the first time we have worked with Iron Mountain and we look forward to delivering a state in the art facility to support their expansion.”

mcdougall1
07/7/2022
10:58
Time to climb?
rathlindri
14/6/2022
13:14
Has anyone seen any forecasts for the full year dividend in the current FY? Q1 already declared at 1.675p so one can assume 3 x 1.675p for Q1-Q3 divs. Just a question of what Q4 is then likely to be? A repeat of 1.90p paid in Q4 last year would give 6.925p total. My guess is that barring disasters they will nudge up the Q4 div to 1.975p to give a full year div of 7.00p.

Q1 (Jun 22) - 1.675p (PID 1.675p)
----------------------------------
TOTAL FY 2021 - 6.70p
Q4 (Mar 22) - 1.90p (PID 1.7125p)
Q3 (Nov 21) - 1.60p (PID 1.60p)
Q2 (Aug 21) - 1.60p (PID 1.60p)
Q1 (Jun 21) - 1.60p (PID 1.60p)
----------------------------------
TOTAL FY 2020 - 6.40p
Q4 (Apr 21) - 1.7125p (PID 1.7125p)
Q3 (Nov 20) - 1.5625p (PID 1.5625p)
Q2 (Aug 20) - 1.5625p (PID 1.5625p)
Q1 (May 20) - 1.5625p (PID 1.5625p)

speedsgh
13/6/2022
22:20
Yes indeed; a very red day - oh well - thems is markets
williamcooper104
13/6/2022
20:27
And brutal it was Mr Cooper. In normal times this fall would be ridiculous but such times are getting hard to recall - Brexit, Covid, War, Stagflation, Recession, Jeez
scruff1
13/6/2022
06:20
Nice 1m sf prelet - 6-8 percent yield on cost Still likely to be a brutal day for almost all stocks today
williamcooper104
11/6/2022
11:45
Are Amazon cutting back? They said they had overegged the new warehouses but that was mainly in the States and I dont remember them saying they were actually going to cut back on existing - just new take ups.

I noticed (but didnt read) an article in the DT the other day about drone delivery. Any views on what if any effect this may have on retailing?

Also now at around 10% discount to NAV. At what point would being a SELL become ridiculous considering that as of present the business is strong and largely unaffected and of course taking into account the considerable headwinds

scruff1
09/6/2022
13:48
amazon are cutting back amongst others. they overexpanded a bit too quickly but longer term there is still the need for these boxes particularly in europe and esp the more developing nations there. the end of globalisation also means last mile last few miles will continue to be in play.
roguetraderuk
09/6/2022
13:11
yes a lot of these are struggling with higher rates, since they are bond proxies, but many of the warehouse weighted ones are now suffering from a bit of oversupply as many ecommerce platers cut back. it might only be a 6-9 month thing, but its going to weigh on the share prices. i think segro is capable of getting into the 860-1000 zone and isnt that interesting until it does.
roguetraderuk
09/6/2022
13:08
Chart looking pretty bad next support is 180p area
nerja
08/6/2022
10:39
Interesting comment on the sector by Marcus Phayre-Mudge, the highly-rated fund manager of TR Property Investment Trust (TRY) in their recent results...

Industrial and Logistics

2021 was yet another record year in terms of take up, capital value growth and, all importantly, further shrinkage in the amount of vacancy. The UK market saw take up exceed 50 million sq ft and vacancy is now below 3% across the whole range of 'big box' unit sizes. Like for like rental growth for Segro's portfolio was in excess of 5% and this has driven yields nationwide 75-100 bps leading to huge capital growth. Yet urban logistics has been even hotter, with investors focused on the supply inelasticity of infill markets. Greater London prime industrial transactional evidence now regularly sees equivalent yields (i.e. based off market rents which are higher than passing rents) of less than 3%. This price inflation has been fuelled by evidence of another year

of rental growth exceeding 10%. Segro reported rental growth averaging 13.1% in its UK portfolio during 2021. Savills estimate that inner London rents have moved 25% in the last year alone.

UK industrial transaction volumes reached £16.7bn in 2021, 113% growth on 2020 and 152% growth on the five year average. Given such an acceleration we must closely watch the fundamentals, there may well be capital seeking deployment without due consideration. However, for now, the demand/supply imbalance at the occupier level is driving rental growth. The entire UK industrial market recorded a drop in available space to 18.1million sq ft, a contraction of one third over the year. No wonder rents are rising.

On the Continent, we have also seen market rental growth outstrip annual indexation. This is set to continue even with the printing of record high annualised inflation of 5.1%. Segro are the only fully pan-European listed player and they reported 4.1% like for like rental growth across Continental Europe for 2021. We remain confident that in many key markets this level of growth will be exceeded in 2022. Across Continental Europe, online sales penetration now averages 15-18%, still a long way behind the UK at c.28%. Shortening supply chains and reshoring has driven demand in cheaper markets such as Poland. Savills European Logistics Survey 2021 showed that 46% of all occupiers canvassed expected to increase their warehouse requirements over the next year.

Availability continues to shrink, with vacancy down from 5.1% to 3.5%, with record low levels in Dublin (1.1%), the Netherlands (3.3%), Czech Republic (1.7%) and take up levels well ahead of decade averages with Madrid (+9), Poland (+13%) and the Netherlands (+10%). For the best space, rents are responding very rapidly and we expect average rental growth to exceed 5% across the Continent. However in early May this year (post the year end) Amazon announced a dramatic pause in its expansion programme. Whilst we believe that these comments were focused on their domestic US market, it has caused reverberations across all logistics/ecommerce real estate markets. Major owners and developers such as Segro and Tritax point to full orderbooks and strong transactional evidence, forward looking equity markets took fright. Share prices of these two names are down - 22% and 17% respectively, calendar year to date.

speedsgh
08/6/2022
08:00
This is not looking good. Its defo out of favour more than most. Im feeling there could be quite some way down to go yet
scruff1
27/5/2022
07:32
Posted yday by jonwig on the SGRO thread...

The UK's booming warehouse market can withstand a pullback from Amazon, the boss of a leading logistics property developer has said, as ecommerce fuels demand for space.

The ecommerce giant took a quarter of all UK warehouse space leased in 2020 and 2021, but said earlier this month that it had overextended during the pandemic. That announcement wiped about 10 per cent off the value of the largest shed developers in the US and UK.

But Andrew Jones, chief executive of urban warehouse owner LondonMetric Property, said that demand was likely to continue to outstrip supply, thanks to a rush to onshore supply chains and the growth of smaller ecommerce businesses.

More here:

speedsgh
24/5/2022
08:59
Good set of results for WHR, good for the whole sector
igoe104
19/5/2022
10:53
I have bought a few here today. They must be trading on a discount to NAV of some 10% and yielding around 4% at this level. The Directors bought earlier in the month at 217p so I feel quite comfortable buying at 197p. Time will tell.
pdt
12/5/2022
16:24
Not sure what's going on here was it dropped so the directors could buy more???? Or is there something else spooking this share?
tnt99
11/5/2022
18:42
Good post William - very encouraging - especially as I bought a few more Monday at 195.5. Hopefully managed to catch pretty much the bottom. The directors have bought a lot too which is usually a sign of confidence or a con when the co' is in trouble. Very much doubt the latter in this case.
scruff1
11/5/2022
14:29
Like this paragraph though.

But it is hard to imagine Amazon’s pause — with the company planning to grow into its excess capacity — is about to leave the UK swimming in top quality logistics space. Unlike 2019 offices, where Brexit had already dented enthusiasm that was about to be obliterated by Covid, the UK sheds market looks strong.

Of a record first quarter this year, with 13.6mn sq ft taken up, only 3 per cent was occupied by Amazon. Vacant space is at a record low, or a rate of 2.8 per cent. Kevin Mofid at Savills reckons that even if Amazon were to vacate a tenth of its stock, which it won’t, that would only move the vacancy rate to about 3.6 per cent. That’s against an average of 5.8 per cent since 2015, and a rule of thumb that says 12 per cent is needed to tilt the market in occupiers’ favour.

wskill
11/5/2022
14:16
Did Amazon WeCrash the warehouse market? https://on.ft.com/3L4Ars0
williamcooper104
10/5/2022
09:27
Interesting, wc104. Reckon it's pretty safe to say that there won't be a repeat of that impressive rise this year!
speedsgh
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