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Prices & Quotes - UK Markets - Tritax Big Box Reit (BBOX)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 164.50p
Change Today:
2.30p
Market Cap:
2,807.97m
Sector:
Real Estate Investment Trusts

Tritax Big Box disposes of three assets

By Iain Gilbert

Date: Tuesday 22 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust Tritax Big Box disposed of three assets on Tuesday for a total consideration of 77.0m.
Tritax said that an ongoing evaluation of its portfolio led it to believe that the Baker Business Park in Ripon, a DHL site in Nottingham and a Whirlpool location in Raunds had all reached "their full value" under its ownership and were now "less well aligned" with its long-term strategic and portfolio objectives.

The FTSE 250-listed firm said the sale delivered an internal rate of return above its 9% per annum target and represented a blended net initial yield of 5.6% compared to the assets' purchase cost.

Chief executive Colin Godfrey said: "Ongoing portfolio evaluation is an intrinsic part of our strategy to deliver value to our shareholders. We continue to see strong demand for UK logistics real estate supporting attractive prices on assets which no longer align with our strategy and where we believe they have reached their full value potential in our ownership.

"So far this year we have disposed of 134.0m of assets, and we will be redeploying the proceeds into attractive opportunities, including those within our portfolio where we see the potential to secure higher returns for shareholders."

As of 0900 BST, Tritax shares were down 0.34% at 151.19p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

BBOX Market Data

Currency UK Pounds
Price 164.50p
Change Today 2.30p
52 Week High 166.70p
52 Week Low 85.90p
Volume 3,642,872
Shares Issued 1,706.97m
Market Cap 2,807.97m

Performance Indicators

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 4
Sell 0
Strong Sell 1
Total 9
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

BBOX Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 22-Oct-20 13-Aug-20
Paid 13-Nov-20 28-Aug-20
Amount 1.56p 1.56p

Trades for 20-Oct-2020

Time Volume / Share Price
16:35 849,068 @ 164.50p
16:29 49 @ 164.60p
16:29 35 @ 164.60p
16:29 20 @ 164.60p
16:29 31 @ 164.60p

BBOX Key Personnel