Tritax Big Box Reit Share Discussion Threads

[williamcooper104] 31/8/2022 08:13

Written of the U.K. economy GS now calling inflation to reach a possible peak of 22 percent So anything effected by the value of gilts is going to get crushed

[scruff1] 31/8/2022 08:07

Nearly 30% discount and still heavy selling. Has the market written it off??

[jimbobbaby] 25/8/2022 09:31

*side - but that risk applies everywhere else too.

[jimbobbaby] 25/8/2022 09:30

If your timeline to retirement is 15-20 years or so there is very little risk or thought needed to park money here and come back then to a health income stream based on the underlying business.The biggest risk I would see to investing at these levels is that as rates and yields spike, book valuations may decrease, and you might get someone trying to buy it out / take it private at depressed valuations in the shorter/medium term before you get back out the other sode

[jimbobbaby] 25/8/2022 09:24

True, but also consider the impact of higher inflation on demand for storage. If the price and supply of stock are increasing and uncertain it will actually make more sense to have more stock on hand. To iron out supply risks and capture the rise in price (rather than your supplier having it). It will be very different from the just in time world we have lived in. Also If the odd weak tenant folds it provides an opportunity to capture some of the inflationary increase in the new lease.

[scruff1] 24/8/2022 17:42

Unless there becomes a surplus of sheds as the energy costs start to bite. The fans turning but nothing really has hit it yet only talk. I wouldnt want to be caught out though if serious talks commence to end this bloody war.

[williamcooper104] 24/8/2022 09:19

Yep - existing shed replacement costs will indeed rise It's quite a wait with 3 percent caps on CPI and 15-20 year leases Given just how grim things are likely to get it could still be one of the less grim places

[jimbobbaby] 24/8/2022 08:31

On the other hand - replacement cost of units will be much higher, supply will be scarcer and so value of existing units will ultimately increase - maybe just not in a straight line. Provided existing rents can cover debt servicing, is it just a question of being (very) patient.

[williamcooper104] 22/8/2022 15:07

Citi calling inflation to peak at 18.6 percent - that means construction cost inflation of well over 20 percent That'll hit land value hard To date increased costs have been met with higher rents and tighter yields but rents are unlikely to grow at 20 percent and yields likely to move out rather than in It's grim out there

[digger18] 22/8/2022 13:50

Huge discount to Nav! Why? Based on LTV and profitability, this should be a lot higher.
I guess it’s recession fears.

[igoe104] 22/8/2022 11:11

These are the weakest preformaning in the warehouse sector at the moment. I thought the recent presentation was very positive. WHR continue to rise but these hitting recent lows. 🤷

[18bt] 15/8/2022 17:13

the other one you could try is: [...]

[scruff1] 15/8/2022 16:54

Yes. Cheers skinny. Thats a good source

[technowaxy] 15/8/2022 10:16

I have just found the screener page on the aic website you suggested. That pretty much does it. Result. Thanks

[skinny] 15/8/2022 10:13

Maybe - if you can source the full data, it should be possible to achieve what you want in excel.

[technowaxy] 15/8/2022 10:10

Thanks for this Skinny, the data is there but I would like to compare trust discounts for a a sector in a single table with the ability to sort by discount. Perhaps a tall order for free ?

[skinny] 15/8/2022 09:58

This may be a start :-

[technowaxy] 15/8/2022 09:55

Please can anyone suggest where it is possible to see investment trusts sorted by discount to NAV.

[williamcooper104] 07/8/2022 13:32

Yep - it's a bit of click bait headline but a decent/well balanced article

[scruff1] 07/8/2022 11:33

Good read that William on quite a few levels. The last sentence rings very true. I have noticed the very low volumes on most of my portfolio over the last few weeks. 'Timing' must be foremost in many minds

[skinny] 07/8/2022 09:06

Thanks :-)

[williamcooper104] 07/8/2022 09:01

Yep I think it was 550k Normal is 100k A lot of it is recovery from covid/recruitment to hospitality/leisure But still means US economy is red hot

[williamcooper104] 07/8/2022 09:00

The end of the warehouse bubble https://on.ft.com/3bC1yyY Behind paywall - first three clicks can read it

[scruff1] 05/8/2022 21:44

William 1953
Yes. I think I read somewhere 500,000. I didnt make the connections that you outline.
Cheers -, observant post

[williamcooper104] 05/8/2022 21:38

HMSO and LAND only down 0.7 - 1 percent (less rate directly rate sensitive) SGRO down 3.4 percent PHP and SUPR down 2 percent