ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

BBOX Tritax Big Box Reit Plc

154.30
2.00 (1.31%)
11 Oct 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 Shares Traded Last Trade
  2.00 1.31% 154.30 2,367,133 16:35:13
Bid Price Offer Price High Price Low Price Open Price
154.10 154.30 155.50 152.00 155.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 222.1M 70M 0.0282 54.68 3.78B
Last Trade Time Trade Type Trade Size Trade Price Currency
16:37:26 AT 13,282 154.30 GBX

Tritax Big Box Reit (BBOX) Latest News

Tritax Big Box Reit (BBOX) Discussions and Chat

Tritax Big Box Reit Forums and Chat

Date Time Title Posts
10/10/202419:02Tritax Big Box REIT plc2,379

Add a New Thread

Tritax Big Box Reit (BBOX) Most Recent Trades

No Trades
Trade Time Trade Price Trade Size Trade Value Trade Type

Tritax Big Box Reit (BBOX) Top Chat Posts

Top Posts
Posted at 13/10/2024 09:20 by Tritax Big Box Reit Daily Update
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 152.30p.
Tritax Big Box Reit currently has 2,480,677,459 shares in issue. The market capitalisation of Tritax Big Box Reit is £3,825,204,642.
Tritax Big Box Reit has a price to earnings ratio (PE ratio) of 54.68.
This morning BBOX shares opened at 155.50p
Posted at 10/10/2024 17:40 by speedsgh
Dividend Declaration -

The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has declared an interim dividend in respect of the period from 1 July 2024 to 30 September 2024 of 1.825 pence per ordinary share, payable on or around 27 November 2024 to shareholders on the register on 1 November 2024. The ex-dividend date will be 31 October 2024.

In accordance with the Company's dividend policy, the first, second and third quarter dividend payments will each represent 25% of the previous financial year's annual dividend of 7.30 pence per ordinary share. The level of the fourth quarter dividend will be used to determine any potential dividend progression, with an overall aim to achieve a pay-out ratio in excess of 90% of Adjusted earnings.

This dividend will be a Property Income Distribution ("PID").
Posted at 11/9/2024 21:58 by scruff1
I must say Im not in a buy mood before Reeves threatened embezzlement but if I was BBOX would be high up the list. Pretty much everything seems right - apart from this government of loons.
Posted at 10/9/2024 09:54 by skinny
FWIW :- Goldman Sachs raises Tritax Big Box price target to 200 (190) pence - 'buy'
Posted at 05/9/2024 11:30 by affemoose
Doesnt look like BBOX made the FTSE 100 list.

This is minorly irritating short term as it would have meant increased volume and price stability as trackers would be obliged to hold it. But... They are selling off non core so it would have dropped out again anyway so.... whatever!


Looking over at Tritax EBOX - they are getting taken over. What alarms me here is that the takeover price is at a 14% discount to NAV. WHich indicates that the NAV was wrong.

While I think the NAV was right - it is clearly not easy to flog off an entire portfolio of properties at NAV. Which does leave me to wonder why on earth they are surrendering to this takeover at all.
Posted at 05/9/2024 10:19 by skinny
FWIW :- JPMorgan raises Tritax Big Box price target to 200 (185) pence - 'overweight'
Posted at 17/5/2024 07:31 by skinny
Stable yields and resilient occupational market

· Total UK market take up in Q1 2024 was 4.5 million sq ft (Q1 2023: 6.6 million sq ft); increase in under offer to 14.2 million sq ft (Q4 2023: 11.1 million sq ft).

· UK market vacancy at 5.3% (Q4 2023: 5.1%). Speculative space under construction continues to decline and now stands at 9.5 million sq ft (Q4 2023: 12.3 million sq ft).

· MSCI UK Industrial1 ERVs increased by 1.1% in Q1 2024.

· Prime market yields stable at 5.25% as at Q1 2024 (Q4 2023: 5.25%).

Development completions increasing portfolio passing rent

· £7.4 million added to passing rent from 0.8 million sq ft of practical completions in period.

· £1.3 million added to annual contracted rent from 0.1 million sq ft of development lettings.

· £14.7 million of potential new lettings in solicitors' hands covering 1.5 million sq ft.

· 0.9 million sq ft of construction starts, of which:

o 0.5 million sq ft of construction starts commenced across two sites;

o 0.4 million pre-sold and being developed for Siemens Healthineers (DMA contract) at Oxford and provides the potential for accelerated delivery across the site.

o DMA income is now expected to exceed £15.0 million for 2024.

· 1.0 million sq ft of new planning consents secured bringing total consented undeveloped land portfolio to 6.5 million sq ft.

· 6-8% yield on cost guidance maintained with 2024 schemes targeting an average of 7.0%.

Actively managing our portfolio and selectively acquiring attractive investment opportunities

· £2.4 million added to annual contracted rent from rent reviews and asset management initiatives.

o 10.7% increase in passing rent across 5.7% of the portfolio subject to lease events;

o 23.9% of the portfolio is subject to lease events during the remainder of the year;

· Capturing rental reversion at or above our original expectations in recently acquired J6, Birmingham and Enfield, London urban parks delivering a 43% increase in rental income since acquisition in July and August 2023 respectively.

· £46 million acquisition of 479,000 sq ft cold store in key East Midlands location let to Co-op:

o 5.75% NIY and 7.3% reversionary yield;

o 8.5 years unexpired lease term with 3.5 years to next rent review;

o BREEAM rating "Excellent", EPC B and 15 metres eaves height.

High-quality portfolio underpinning resilient income

· Portfolio let to a diverse range of institutional grade occupiers on long dated leases.

· 100% rent collection maintained.

· 11.1 years portfolio WAULT.

Continued balance sheet strength with additional funding capacity2

· Loan to value at end Q1 2024 of 29.3%.

· Current weighted average cost of debt of 3.1%.

· 4.7 years average debt maturity.

· In excess of £550 million of current available liquidity.

Directors and Manager intention to purchase shares

The BBOX Directors and members of Tritax Management LLP (the "Manager") have been restricted from purchasing BBOX Shares recently due to regulatory requirements, other than in respect of existing contractual arrangements and non-discretionary trades. Following today's announcement certain BBOX Directors and members of the Manager confirm that they intend to purchase shares in the Company today.
Posted at 03/5/2024 20:10 by rik shaw
Number of new shares is easy as it's in the prospectus (+23.3% or Up to 576,939,135 new shares).The current share price gives a fair idea of how the market values BBOX as the deal has now been voted through and will come into effect on mid May. Combined MVAL approx 2.48bn total shares x current share price
Posted at 02/5/2024 16:17 by speedsgh
~ Q1 div of 1.825p declared. Whole amount to be paid as a PID.
~ BBOX/UKCM merger approved. It is currently expected that UKCM shareholders will have been issued with new BBOX shares prior to record date for BBOX Q1 div payment.

Dividend Declaration -

The Board of Directors of Tritax Big Box REIT plc (ticker: BBOX) has declared an interim dividend in respect of the period from 1 January 2024 to 31 March 2024 of 1.825 pence per ordinary share, payable on or around 7 June 2024 to shareholders on the BBOX share register on 24 May 2024. The ex-dividend date will be 23 May 2024.

In accordance with the Company's dividend policy, the first, second and third quarter dividend payments will each represent 25% of the previous financial year's annual dividend which, for the year ended 31 December 2023 amounted to 7.30 pence per ordinary share. The level of the fourth quarter dividend will be used to determine any potential dividend progression, with an overall aim to achieve a pay-out ratio in excess of 90% of Adjusted earnings.

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

---------------------

BBOX and UKCM announced on 1 May 2024 and 2 May 2024, respectively, that BBOX had received the requisite approvals from BBOX Shareholders and UKCM had received the requisite approvals from UKCM Shareholders in connection with the Combination.

Completion of the Combination remains subject to the satisfaction or (where applicable) waiver of the remaining Conditions and further terms set out in Part 4 of the Scheme Document, including the Court sanctioning the Scheme at the Sanction Hearing. The Sanction Hearing will take place on 16 May 2024 and it is expected the Scheme will become Effective on the same date, resulting in the issue of the New BBOX Shares to UKCM Shareholders by 8.00 a.m. on 17 May 2024. Applications have been made by BBOX for the New BBOX Shares to be admitted to the premium listing segment of the Official List and to trading on the Main Market at or shortly after 8.00 a.m. on 17 May 2024.

Accordingly, it is currently expected that UKCM Shareholders will have been issued with the New BBOX Shares prior to the record date of the BBOX Q1 Interim Dividend, being 24 May 2024. All UKCM Shareholders will therefore be entitled to the BBOX Q1 Interim Dividend, provided that they are on the BBOX share register on 24 May 2024.
Posted at 13/2/2024 11:50 by ygor705
I've been a holder of BBOX since inception and liked the early model and how management scaled the business. Having been a shareholder of what used to be Standard Life (before it rebadged itself with some ridiculous name that it is entirely forgettable) I was not encouraged when they took a larger interest in BBOX. On the face of it, scaling up the business at this point in the commercial property cycle looks sensible but I'd be happier in Abrdn weren't involved. It's no wonder that the share price is hesitant.
Posted at 10/1/2023 17:17 by scruff1
Not talking about their business connection. Its perception of fortunes. BBOX share price collapsed when Amazon first mentioned that it had overstretched itself during covid. Its done the same a couple of times since today being the latest, Kick Amazon and BBOX limps it seems
Tritax Big Box Reit share price data is direct from the London Stock Exchange

Your Recent History

Delayed Upgrade Clock