Tritax Big Box REIT

Tritax Big Box REIT

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Tritax Big Box REIT 3 Month Chart


Tritax Big Box REIT Discussion on Interactive Investor

Re: Divi declaration & EPS Up. by 5haggy

  Thu, 16 Mar 2017 09:51:00 GMT

Sorry to say Eadwig, it's been a downhill slide ever since your posting!
Any ideas as to why, apart from going 1.55p ex-div today?


By 5haggy

Hansteen by EssentialInvestor

  Sun, 12 Mar 2017 00:16:00 GMT

Looks better value to me.

By EssentialInvestor

Divi declaration & EPS Up. by Eadwig

  Tue, 07 Mar 2017 12:53:00 GMT

Tritax Big Box REIT plc has today declared an interim dividend in respect of the period from 1 Oct 16 to 31 Dec 16 of 1.55 pence per ordinary share, payable on or around 3 April 17. The ex-dividend date will be 16 Mar 17.

0.10 pence of this dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 1.45 pence will be paid as an ordinary UK dividend ("non-PID").

Following the payment of this dividend, the Company will have paid, in aggregate, 6.20 pence per share in dividends in respect of the year to 31 December 2016, in line with its stated target. The total dividend for the year was fully covered by Adjusted Earnings per Share of 6.51 pence for the year.

The Company is targeting an aggregate dividend of 6.40 pence per ordinary share for the year ending 31 December 2017

By StockMarketWire | Tue, 7th March 2017 - 07:48

Tritax Big Box REIT's adjusted earnings per share rose to 6.51p in the year to the end of December from 6.12p in 2015 and the group sees further opportunities to acquire high-quality standing assets and to forward fund pre-let developments.

Dividends declared in relation to 2016 totalled 6.20 pence per share, in line with its target.

Total shareholder return for the period was 15.1% (based on the increase in share price assuming dividends reinvested).

It said this compared to the FTSE 250 Index, the FTSE All-Share REIT Index and the EPRA NAREIT UK index which delivered total returns of 6.


By Eadwig

Re: New long term loan. by relaxtwotribes

  Tue, 07 Mar 2017 09:59:00 GMT

Not really. If the bank is making a margin of 1.5% on the loan and needs its own capital of one eighth of the loan then it will be making a return on capital of 13.04% ( 7x1.5 +2.54).

By relaxtwotribes

New long term loan. by TX2

  Wed, 01 Mar 2017 13:59:00 GMT

Amazing to me that people are prepared to lend for 10 years @ 2.54%;under half the present return on the asset against which it is borrowed.
I suppose the lenders have so much "quantitatively eased" cash which comes from we do not know where,or perhaps HM Govs printing press that they do not know what to do with.


By TX2

Re: DIVIDEND by TX2

  Thu, 23 Feb 2017 12:17:00 GMT

The final dividend is likely to be 1.55p as the targeted total divi for year to end Dec 2016 is 6.2p & 4.65p has been paid to date.

By TX2

Re: DIVIDEND by nk1999

  Thu, 23 Feb 2017 00:04:00 GMT

I think the results are due on 7th March and dividend for 2016 will be declared at that time.

DYOR etc.
nk


By nk1999

Re: DIVIDEND by coldingham

  Wed, 22 Feb 2017 09:51:00 GMT

Should the last dividend in the table not be 2017 instead of 2016?

By coldingham

Re: DIVIDEND by Kool Keith

  Wed, 22 Feb 2017 07:55:00 GMT

Next payment (check analysis tab then fundamentals Minty)

31/12/2016 11/02/2016 12/02/2016 09/03/2016 1.787882 GBp Special


By Kool Keith

DIVIDEND by MINTYMURRAY

  Tue, 21 Feb 2017 19:23:00 GMT

Does anyone know when the next divi is due. Also is the divi paid 6 monthly or quartaly

By MINTYMURRAY

Bought by Hugh Betcher

  Wed, 25 Jan 2017 14:31:00 GMT

Just bought c 9,000 shares at 139p. Given my recent track record like bailing out of Fever Tree, all holders should now consider selling.


13:54:13 139.028 8,985 12,492


By Hugh Betcher

Re: HL view by Kool Keith

  Mon, 23 Jan 2017 10:03:00 GMT

Thanks for Posting NK.

Slightly off topic, I was in Waterstones looking for a book for my youngest, £11.00 v Amazon £5.00 (bought 2 books costing £10 & got free delivery) I immediately thought of Tritax/Amazon.

As much as I don't like saying it the high-street, in this once famous (now in-famous) northern seaside resort is dead and the demand for BigBox assets for the likes of Amazon and other on-line retailers will surely grow.

'get rich slowly' as long as we get rich, right?


By Kool Keith

HL view by nk1999

  Sun, 22 Jan 2017 10:38:00 GMT

"The Big Box is in demand. They may not be pretty, looming alongside major roads and motorways, but they are at the heart of modern logistics and e-commerce. Companies need these huge buildings to house automated goods handling equipment, keeping stock flowing through to the end point of demand as efficiently as possible.

The portfolio is let to blue chip clients on long leases, with upward-only rental reviews providing the income growth to fund a progressive dividend policy. Because the nature of what the companies use these buildings for is so fundamental to their very existence, Tritax is unlikely to suffer from unexpected vacancies. Indeed, the company has found tenants seeking to extend leases many years before their current term expires, so determined are they to retain the use of the facility.

The business is very simple; they use the experience of the executive team to build a portfolio of in-demand assets where rental growth prospects look encouraging. The debt is kept low, to limit risks. With average interest rates on debt of around 2%, using borrowings to part fund the purchase of assets that have typically offered starting yields of 5.7% makes perfect sense.

As a REIT, Tritax is obliged to pay out the majority of profits after management costs, so can't retain much cash. That limits the group's ability to fund acquisitions organically and we've seen repeated equity raises as the company continues to grow. It would be no surprise to see more shares issued this year.

We view Tritax as a "get rich, slowly" scheme. It is not trying to shoot the lights out, simply to deliver a steadily increasing dividend. At present, the shares offer a prospective yield of 4.6%."


By nk1999

Re: Have i missed something? by relaxtwotribes

  Fri, 18 Nov 2016 15:25:00 GMT

Here is an extract from the September Prospectus:-

Access to financing: the Company has £641.5 million of committed debt financing
in place of which £583.4 million is currently drawn (representing a loan to value
ratio of 36 per cent.) with a weighted average term to maturity of 5.3 years,
increasing to 6.8 years with extension options. The current blended margin
payable on £570 million of the Company’s committed debt facilities is 1.43 per
cent. above three month LIBOR. The weighted average all-in capped cost of debt
is 2.82 per cent. using interest rate caps and swaps which co-terminate with each
facility

As at 30 June 99.3% of debt was hedged. Given the recent £350m of new equity further debt of, say, £150m is implied. The rate of interest payable on that new debt may now be higher than the 2.82% cost quoted above, so any future acquisitions will have to be at a higher yield in order to maintain margins.


By relaxtwotribes

Re: Have i missed something? by TX2

  Tue, 15 Nov 2016 22:16:00 GMT

Quite happy to hold Keith for the foreseeable future & I took up my basic allocation in the recent open offer;and also in the previous one.I bought BBOX as an income share.Overall still show a useful increase in value in addition.
I think BBOX has a good specialist portfolio.


By TX2