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
  -3.00 -1.65% 178.50 5,457,046 16:35:12
Bid Price Offer Price High Price Low Price Open Price
178.10 178.30 182.60 176.70 180.70
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 184.70 971.10 55.39 3.2 3,336
Last Trade Time Trade Type Trade Size Trade Price Currency
17:57:19 O 24,059 178.527 GBX

Tritax Big Box Reit (BBOX) Latest News

More Tritax Big Box Reit News
Tritax Big Box Reit Investors    Tritax Big Box Reit Takeover Rumours

Tritax Big Box Reit (BBOX) Discussions and Chat

Tritax Big Box Reit Forums and Chat

Date Time Title Posts
14/6/202214:14Tritax Big Box REIT plc1,937

Add a New Thread

Tritax Big Box Reit (BBOX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
View all Tritax Big Box Reit trades in real-time

Tritax Big Box Reit (BBOX) Top Chat Posts

Tritax Big Box Reit Daily Update: Tritax Big Box Reit Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker BBOX. The last closing price for Tritax Big Box Reit was 181.50p.
Tritax Big Box Reit Plc has a 4 week average price of 176.70p and a 12 week average price of 176.70p.
The 1 year high share price is 251.60p while the 1 year low share price is currently 176.70p.
There are currently 1,868,826,992 shares in issue and the average daily traded volume is 5,187,034 shares. The market capitalisation of Tritax Big Box Reit Plc is £3,335,856,180.72.
roguetraderuk: 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.
speedsgh: 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.
financeguru: best kept secret at the moment seems to be ...... what is the dividend going to be for the year going forward. If it is not substantially more than last year, I fear for the share price. I rather stupidly/rashly bought more on the initial fall yesterday and then bought more after lunchtime when it looked to have stabilized, thankfully still in profit overall as I have held these for a long time. Wish I had kept my powder dry! Can anyone see some positives in this?
speedsgh: No skeletons in this morning's Trading Update AFAICS. They seem to be mitigating well-publicised cost inflation fairly well, demand still far outstrips supply. Must be little scope for further yield compression so future growth to be driven by rental growth and bringing the development pipeline into fruition. Trading Update - HTTPS:// Tritax Big Box REIT plc (the Company), in conjunction with its Annual General Meeting, announces an update on its performance for the period 1 January 2022 to date. "We have made a positive start to the year as we continue to drive performance across all business areas. Demand from a broad range of occupiers for new logistics space remains very strong, underpinning our confidence in our growth prospects. We are actively managing our portfolio, completing several rent reviews and lease extensions during the period which will deliver attractive levels of income growth. With 3.1 million sq ft of space currently under construction we have growing visibility on accelerating earnings growth over the medium-term." "The UK has entered a period of higher inflation however I am reassured by how the Company is positively responding to date. We are mitigating much of the construction cost inflation in our near-term development pipeline through our specialist approach to procurement, locking in fixed price building contracts, and our ability to pass through increased costs to rents. Our active management of open market rent reviews, the significant proportion of inflation linked leases and strong occupier demand combined provide a good degree of inflation protection." [continues]
riverman77: I think the point is that dividend may not grow as much as is being priced in (a 3% yield is low and effectively pricing in lots of dividend growth). So no suggestion of a dividend cut, rather a slowing in growth which could lead to a de-rating of the share price.
grahamburn: Sorry finance, though your comment regarding a yield on a lower current price is correct, it also confirms my previous post. The yield is always determined by the current share price because it is based on the historic yield vis-a-vis the current value. This is indeed borne out by the financial page on advfn. However, it is a fallacy to pretend that your yield should be based on the capital originally invested because that capital, as of today, could be higher or lower. In short, my comments are not delusional, because the value of your investment at the current share price is ultimately the only value there is available in the market. Indeed Skinny effectively confirms this in his post 1832 (ie the CURRENT yield is 2.75% and he/she might not buy more at the current price). However, the value of that investment now provides a significant uplift in the capital which he/she has. That value could, of course, be realised and invested in a higher yielding share but the growth potential may not justify switching. Conversely, excessive historic yields which are occasioned by a dramatically falling share price are often a sign of corporate problems which may lead to an inability to sustain the dividend, so the investor may lose both income and capital.
financeguru: I have a general question for all......How much higher can the share price go without a good increase in the dividend? with the div yield at 2.75% can the share price grow?
williamcooper104: Must sit down and compare SGRO to BBOX - SGRO have a huge land bank too, but it looks like more of that is in SGROs share price than for BBOX BBOX should trade at a discount to SGRO given external management
scruff1: Skinny Back to your picture. After selling most I have bought back in to the Placing (maybe) at a discount (maybe). Finger tapping time. What price anyone reckon the placing?? Is the current share price a discount or a premium to the placing.? Should I hedge my bets and buy some on the market tomorrow?? Will have to see how the share price moves on opening. Tee dum tee dum tee. dum. Any views ??
bagsforlife: @deanowls good question. Probably those most at risk are brick and mortar retailers, who I expect to see less physical footfall over the course of the pandemic. Looking through their tenant lineup, I think you would include Next, Argos, B&Q, New Look, Dunelm, TK Maxx, Matalan and DSG Retail as those that are likely to be impacted. But I don't have a scoobies about how resilient any of those entities are to the current climate. Without diving into the books, my only proxy for tenant's performance is the share price. Next shares are down about 40% since mid Feb. Kingfisher (parent co of B&Q) have moved by a very similar margin. Dunelm share price is looking a bit more volatile. They hit a big peak in mid-Feb too and are down about 53% if you take the high point. TJX down about a third since mid-Feb. Counter argument would be that these retail shares are perhaps oversold. I'm not a retail expert. But I'm sure bad news for any of these tenants will flow through to the BBOX share price. Albeit there is a good level of tenant diversification in the portfolio.
Tritax Big Box Reit share price data is direct from the London Stock Exchange
ADVFN Advertorial
Your Recent History
Tritax Big..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20220701 17:13:34