Tritax Big Box Reit Share Discussion Threads

[petewy] 04/3/2024 17:43

he Manager has acquired in the market a total of 1,500,031 Ordinary Shares on behalf of certain partners and employees of the Manager, including the persons discharging managerial responsibilities ("PDMRs") and abrdn Holdings Limited, in its capacity as member of the Manager. The Ordinary Shares were acquired on 1 March 2024 at £1.4926 per share.

statement of cofidence...

[scruff1] 02/3/2024 20:42

Im relieved I didnt teach you lot maths :-)

[scruff1] 02/3/2024 14:09

From HL

Year ending: 31/12/2023 31/12/2022 31/12/2021 31/12/2020 31/12/2019
Dividend payments
4th interim: 2.05p* 1.975p 1.90p 1.7125p 1.7125p
3rd interim: 1.75p 1.675p 1.60p 1.5625p 1.7125p
2nd interim: 1.75p 1.675p 1.60p 1.5625p 1.7125p
1st interim: 1.75p 1.675p 1.60p 1.5625p 1.7125p
Total dividend for year: 7.30p 7.00p 6.70p 6.40p 6.85p
Dividend metrics
Dividend growth: 4.29% 4.48% 4.69% -6.57% 2.24%
Dividend yield: 4.30% 5.10% 2.70% 3.80% 4.60%
Dividend cover: 1.06 1.11 1.23

[skinny] 02/3/2024 13:48

And FWIW - historically, the 1st three interims are the same amount, with an increase to the 4th :-

[skinny] 02/3/2024 13:45

Its in the RNS!!!


The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has declared an interim dividend in respect of the period from 1 October 2023 to 31 December 2023 of 2.05 pence per ordinary share, payable on or around 2 April 2024 to shareholders on the register on 15 March 2024. The ex-dividend date will be 14 March 2024.

This dividend will be a Property Income Distribution ("PID").

Following the payment of this dividend, the Company will have paid, in aggregate, 7.30 pence per ordinary share in respect of the year ended 31 December 2023, an increase of 4.3% against 2022.

[igoe104] 02/3/2024 12:07

Dividend is going from 1.75p to 2.05p by my calculations its a 14 63% rise. Thats Q3 to Q4.

Last year Q4 figure was 1.975, to depends what your comparing it against..

[scruff1] 02/3/2024 10:50

Not sure how they get to 17% however they cut it

[morph7] 02/3/2024 10:34

Just had an alert that said div is increased 17%.Anyone confirm this?

[nickrl] 02/3/2024 07:44

Tidy set of results and taking minimal risk on loading up the credit card on new developments so perhaps they need UKCM to occupy themselves although no mention of it in the presentation.

[scruff1] 01/3/2024 12:29

I will. I will :-)

[jbarcroftr] 01/3/2024 11:42

Bbox have options on future development sites. These will only developed as prelets
Imho so I think the future is bright. Look at Segros announcement today

[scruff1] 01/3/2024 11:40

I suspect it would be hard to disagree with that. As a holder since 2020 and the original 140 I was enjoying the rise back up to 170 expecting/hoping it to continue. Then this bit of a kicking again. Hopefully this is it and once its settled down we can get some sustained growth.

[affemoose] 01/3/2024 11:11

I can see this going higher as 3 factors come into play, none of which are rocket science:

1. Inflation comes down (slowly) - so the delta between rent and costs of capital get larger and reflect positively on the margins.
2.The Divi becomes more attractive as interest rates come down and thus attracts income seekrs
3. The aquisition - it's a ball ache but they can sell off non-Data Centre assets and raise capital to invest in new stock or pay down debt. If they choose to do so.

Overall i'm still glad i own this stock, like many i'd like to see some positive share movements but the Divi is paying me to be patient.

Interested in other opinions though.

[petewy] 01/3/2024 09:16

From HL
There were few surprises in today's results, though the company gave a confident outlook for 2024 and beyond, helping shares higher in morning trade.

"Easing inflation, continuing rental growth, and improving yields on cost all reinforce our conviction in our development programme," said Tritax chair Aubrey Adams.

[maryqsmellysmum] 28/2/2024 16:21

This is what Porsche posted on the LSE DLG thread just before the bid.The guy has been around for years trolling.You have to laugh

Price: 157.65
"Price: 157.65

No Opinion

RE: DLG - Dividends likely reinstated (at a lower level) in MarchToday 10:22
Well when i said this was going to a new trading range of 150 ish I got loads of flack…….I called it bang on, I think DL is going sub a quid, it’s a company in terminal decline, like most of the ftse 350"

[scruff1] 28/2/2024 08:58

Well so far this has proved to be an extremely unwelcome move. Down around 12% since the announcement. So too with SHED. I can only see it going one way in the short term. So this is above my pay grade but what happens if someone seizes the moment and bids for BBOX if it really hits the skids and renounces the bid for UKCM?

[porsche1945] 22/2/2024 17:08

Pointless share, never goes anywhere, soso dividend which is beaten risk free by T bills. Why bother with the risk of owning basket case U.K. shares? Just looking through ftse 350, shocking, most of its been cut in half since 2016, no wonder the dividends look high with the likes of Vod and BT cut in half then cut in half again, plainly just no buyers for shares which can’t even grow to outpace inflation, the real losses must be vast, I owned this in about 2018 and it was same price then.

[williamcooper104] 19/2/2024 12:35

That's a good point - so long as they can sell at close to NAV and make a turn Reminded of Intus clever way of avoiding a rights issue by buying the Trafford Centre

[scruff1] 19/2/2024 11:28

I suppose that is the only seemingly logical conclusion. I presume BBOX have something penned in as a use for the sale proceeds