Tritax Big Box Reit Share Discussion Threads

[george stobbart] 09/2/2024 19:14

Exclusive

More big M&A news in the listed sector via React News…

Tritax Big Box REIT plc to shake things up and create UK’s fourth largest REIT

Exclusive: Tritax Big Box agrees merger to create £4bn titan | David Hatcher

[speedsgh] 07/2/2024 10:34

Tritax gets go-ahead for Biggleswade logistics park expansion plans -

Tritax Symmetry, Tritax Big Box’s dedicated logistics development company, has been granted detailed planning permission for the third phase of Symmetry Park, Biggleswade, totalling 927,000 sq ft of logistics space.

Central Bedfordshire Council has approved plans for three new logistics buildings to be developed, totalling 384,325 sq ft, 287,200 sq ft and 255,700 sq ft. All three facilities will be built to net zero carbon in construction and will target a BREEAM ‘Excellent’ rating.

“Tritax Symmetry has successfully developed this site into a highly sustainable distribution park for local, regional and international businesses,” said Tom Leeming, development director at Tritax Symmetry.

“In addition, our business has worked together with the local community and provided considerable funds resulting directly from the development for the exciting Kitelands project. We’re looking forward to delivering the next phase, with further announcements due imminently on those plans, to attract further high-quality jobs and economic growth to the town.”

Tritax has granted Biggleswade Town Council £57,700 for the town’s Kitelands Recreation Ground improvement project for the creation of a new toddlers’ play area.

Mark Foster, mayor of Biggleswade, said: “The town council would like to thank Tritax Symmetry for their continued investment in the local community. This additional funding is a valuable and much-appreciated contribution to the town council’s wider play area refurbishment programme.”

The first two phases of Symmetry Park, Biggleswade, offering a total of 1.24m sq ft, are fully occupied by The Co-operative Group, Bidfood, Bowman Ingredients, Noatum Logistics and Bond International.

Plans for phase three were submitted at the start of 2023.

Colliers and Bidwells are joint letting agents at Symmetry Park, Biggleswade.

[bathcoup] 29/1/2024 22:57

@nickrl - "Yield too low for me currently so just watching."

I assume you mean dividend yield. Yes, it's a bit low but can it grow in line inflation?

[dull gull] 29/1/2024 13:45

"£7.8 million of annual contracted rent added"

[nickrl] 29/1/2024 10:04

@peteway reads well but like all of them only mention the upside. If they told us latest contracted rent you could at least work out how well they are really doing. The sales have taken a lump out of rental income but looks like the asset mgt activity has neutralised that from the narrative but not difficult to just quote the number!

Anyhow they've proven adept at getting the money back on developments but I guess the question is whether the logistics bubble has burst or not.

Yield too low for me currently so just watching.

[petewy] 29/1/2024 09:43

optimistic update

[scruff1] 20/12/2023 19:57

FWIW - investors have raised Tritax Big Box to 169.5. Buy

You seem to be uncharacteristically behind the door today skinny. Hopefully you will soon be back informing us of a new ATH

[skinny] 20/12/2023 13:34

FWIW :- Stifel raises Tritax Big Box REIT price target to 165 (140) pence - 'hold'

[petewy] 17/12/2023 12:41

Heavily tipped by ii's Editorial team

[scruff1] 05/12/2023 21:08

Anyone pays any attention to these broker ratings would be better employed learning to read tea leaves - or charts !

[yump] 05/12/2023 14:28

Isn’t the upgrade an attempt to get tge price up so they maximise profits on their earlier “quiet” purchases on behalf of clients ?

Wot me, cynical?

Just watch all the targets jump once each share looks like its properly cleared the bottom.

[nickrl] 05/12/2023 14:02

@skinny there interested now the boat has sailed!!

[skinny] 05/12/2023 13:32

Goldman Sachs raises Tritax Big Box price target to 180 (160) pence - 'buy'

[scruff1] 02/12/2023 06:47

Interesting article in todays City Wire 'UK Reits: Value us on earnings not 'mythical' net asset values'. Its what the Americans are doing where there is no mention of NAV at all.

[williamcooper104] 28/11/2023 08:33

Nice - c£70m earnings delta from selling and reinvesting in developments

[this tea tastes of chicken] 14/11/2023 14:52

US 10y note now yielding 4,46%. Was just over 5% two weeks back

[igoe104] 14/11/2023 14:49

Reits and renewables rising across the board, very encouraging to see.

[skinny] 03/11/2023 09:49

FWIW :- JPMorgan cuts Tritax Big Box price target to 175 (180) pence - 'overweight'

[cirlbunting1] 03/11/2023 08:28

Gutted. Had a GTC limit at 128.

[feddie] 02/11/2023 11:17

Today yields are falling across everything including BBOX. FED kept the rate and BOE will probably follow suit.

[skinny] 02/11/2023 10:50

Back above the 200dma as it stands.

[skinny] 22/10/2023 09:35

It didn't appear until early afternoon so I didn't notice it