Donate to Remove ads

Got a credit card? use our Credit Card & Finance Calculators

Thanks to johnstevens77,Rhyd6,87investor,longview,Sussexlad, for Donating to support the site

Tritax Big Box (BBOX)

Share latest information on individual companies and hot news discussions. LSE Main Market companies only
Forum rules
No penny shares or promotional posts
idpickering
Lemon Half
Posts: 6184
Joined: November 4th, 2016, 5:04 pm
Has thanked: 1157 times
Been thanked: 2285 times

Tritax Big Box (BBOX)

#318452

Postby idpickering » June 15th, 2020, 7:32 am

Pre-let of 2.3 million sq ft logistics facility

SUCCESSFUL PRE-LET OF 2.3 MILLION SQ FT LOGISTICS FACILITY FOLLOWING LITTLEBROOK PLANNING CONSENT

Tritax Big Box REIT plc (Tritax Big Box or the Company) announces that it has received planning consent* and exchanged contracts with a world leading on-line retailer (the Customer) to pre-let a new Mega Box logistics building. The pre-let and planning consent (the Project) covers the Phase 2 and part of Phase 3 plots of the Company's Littlebrook, Dartford development, comprising a c.2.3 million sq ft logistics building on 35.5 acres within London's orbital M25 motorway and next to critical transport infrastructure.


https://www.investegate.co.uk/tritax-bi ... 00098907P/

idpickering
Lemon Half
Posts: 6184
Joined: November 4th, 2016, 5:04 pm
Has thanked: 1157 times
Been thanked: 2285 times

Re: Tritax Big Box (BBOX)

#324491

Postby idpickering » July 8th, 2020, 7:07 am

Rent Collection Update

High quality portfolio and robust tenants continuing to support strong rent collection

With a diversified tenant base and a weighting towards defensive sectors, the Company's resilient portfolio has been reflected in our strong rent collection since the start of the Covid-19 pandemic.

We expect that 97% of Q3 2020 rents will be collected by the end of August 2020 comprised of the following:

· 84% of rents have been paid to date

· 13% is scheduled to be collected on a monthly basis over the remainder of the quarter

· For 3% of rents, we are in discussions with a small number of tenants over deferral of rental payments in support of their short-term cash flows during the Covid-19 pandemic

In line with our expectations outlined in our April 2020 trading update, 96% of Q2 2020 rent was paid within the respective quarter. Of the 4% of Q2 2020 rent not paid within the period, we expect 1% to be paid imminently and the remaining 3% to be collected over 2020/21.

To date, no rent-free periods or rent reductions have been agreed across the portfolio.


And later;

H1 2020 results announcement and dividend declaration

The Group will announce its results for the six months to 30 June 2020 and declare its interim dividend for the quarter ended 30 June 2020 on 6 August 2020.


https://www.investegate.co.uk/tritax-bi ... 00043208S/

idpickering
Lemon Half
Posts: 6184
Joined: November 4th, 2016, 5:04 pm
Has thanked: 1157 times
Been thanked: 2285 times

Re: Tritax Big Box (BBOX)

#331289

Postby idpickering » August 6th, 2020, 7:27 am

Interims here;

Strong financial profile with capacity to support growth

· H1 adjusted earnings stable and in line with expectations5, overall FY20 earnings growth expected to be H2 weighted with increased income from successful development activity in part offset by anticipated disposals.

· Declared Q2 dividend of 1.5625p resulting in H1 2020 dividend of 3.125p per share (H1 2019: 3.425p) representing a pay-out ratio of 96%. The Board will continue to monitor the dividend position for FY2020 with the potential to progressively increase the dividend when it has better visibility.

· LTV of 31.8% at the period end (31 December 2019: 30.4%) in line with our stated target range of 30-35%.

· Several asset disposals in final documentation stages with an attractive pipeline of development and investment opportunities to redeploy capital.


https://www.investegate.co.uk/tritax-bi ... 00072939V/

And separately for some reason?

Dividend Declaration

The Board of Directors of Tritax Big Box REIT plc has today declared an interim dividend in respect of the period from 1 April to 30 June 2020 of 1.5625 pence per ordinary share, payable on or around 28 August 2020 to shareholders on the register on 14 August 2020. The ex-dividend date will be 13 August 2020.

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


https://www.investegate.co.uk/tritax-bi ... 00092919V/

idpickering
Lemon Half
Posts: 6184
Joined: November 4th, 2016, 5:04 pm
Has thanked: 1157 times
Been thanked: 2285 times

Re: Tritax Big Box (BBOX)

#337792

Postby idpickering » September 3rd, 2020, 7:25 am

Sale of Chesterfield asset for £57.3 million

Tritax Big Box REIT plc (Tritax Big Box or the Company) today announces completion on the sale of its Chesterfield asset for £57.3 million.

We acquired the asset in March 2014 when it had 6.2 years of lease remaining to Tesco. In 2018, we implemented a pro-active asset management initiative and agreed an early surrender of the existing lease to Tesco and secured a new 15 year lease to Amazon, significantly enhancing the value of the asset.

Having completed all key asset management initiatives, and as part of our ongoing portfolio evaluation, we decided to realise the value created on this asset via a sale to Warehouse REIT. The price is a premium to the 30 June 2020 book value and reflects an IRR of 18.5% per annum.

This asset sale demonstrates our ability to create and realise value in our portfolio by direct and active asset management while the proceeds from the disposal will be redeployed into attractive opportunities, including our development pipeline with a target yield on cost of 6-8%.

https://www.investegate.co.uk/tritax-bi ... 00068829X/

idpickering
Lemon Half
Posts: 6184
Joined: November 4th, 2016, 5:04 pm
Has thanked: 1157 times
Been thanked: 2285 times

Re: Tritax Big Box (BBOX)

#341845

Postby idpickering » September 22nd, 2020, 7:08 am

Sale of three assets for £77 million

ACTIVELY MANAGING PORTFOLIO TO DELIVER VALUE FOR SHAREHOLDERS

Tritax Big Box REIT plc (Tritax Big Box or the Company) today announces exchange on the sale of three assets to two separate purchasers for a total consideration of £77 million.

Through our ongoing evaluation of the portfolio, we consider these assets to have reached their full value under our ownership following the completion of asset management initiatives which delivered rental growth and a lease extension. Based upon factors such as their size and relative lease lengths, and detailed quantitative analysis on expected future returns, these assets are less well aligned with our long-term strategic and portfolio objectives.



https://www.investegate.co.uk/tritax-bi ... 00096487Z/

richfool
Lemon Quarter
Posts: 2436
Joined: November 19th, 2016, 2:02 pm
Has thanked: 516 times
Been thanked: 490 times

Re: Tritax Big Box (BBOX)

#347102

Postby richfool » October 12th, 2020, 1:41 pm

The Board of Directors of Tritax Big Box REIT plc has today declared an interim dividend in respect of the period from 1 July to 30 September 2020 of 1.5625 pence per ordinary share, payable on or around 13 November 2020 to shareholders on the register on 23 October 2020. The ex-dividend date will be 22 October 2020.

https://www.investegate.co.uk/tritax-bi ... 00167119B/

And:
Q3 2020 UPDATE

STRONG PORTFOLIO PERFORMANCE AND CONTINUING STRATEGIC PROGRESS

Tritax Big Box REIT plc (the Company) today announces an update on its performance for the third quarter of its 2020 financial year.

UK logistics market continues to strengthen

https://www.investegate.co.uk/tritax-bi ... 00077118B/


Return to “Company Share news (LSE Main Market)”

Who is online

Users browsing this forum: No registered users and 4 guests