Updates

Tritax Big Box

June 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Tritax, the only real estate investment trust providing pure exposure to Big Box logistics assets, delivered strong results with pretax profit up 170% to £248m while net asset value per share rose 10.3% to 142.2p. The portfolio was valued at £2.6bn across 46 assets plus 114 acres of strategic land. Contracted rent roll rose a healthy 26% to almost £126m while the weighted average unexpired lease term rose from 13.9 years to 15.3 years indicating an improvement in income predictability.Yield compression was the key driver, alongside acquisitions, with like-for-like uplift in the portfolio of 8.7% while broker Canaccord notes it’s delivered annualised NAV and shareholder total returns of 13.9% and 12.7%, ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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