Updates

Tritax Big Box

June 2019

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.

Shares in Tritax, the REIT specialist in “big box” logistics warehouses, have recovered from lows of 129p last December following final results showing an 8% rise in eps to 6.9p driven by a sparkling 31% rise in portfolio value to £3.4bn and a 28% increase in rent roll to £161m. It’s high quality income and the average weighted unexpired lease term for its tenants has grown to 14.4 years, up from 13.9 years in FY’17. Net asset value per share rose 7.4% to 152.8p while the dividend rose 5% to 6.7p.During the year it acquired eight Big Boxes with an aggregate purchase price of £641m and at the year-end it had 54 assets covering more than 29.8m sq. ft. of logistics space. These are typically w ...

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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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