Updates

Tritax Big Box - Occupancy reaches 99%

September 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.

Latest interims from Tritax, which lets out large industrial warehouses on long leases to serve the logistics industry, show a 5.7% rise in operating profit to £60.7m while the portfolio value rose 12.6% to £3.85 billion. However, the dilution effect from share issues meant net asset value per share fell 1.8% to 150p. A dividend of 3.4p a share was declared and it expects to hit 6.85p for the full year. Gearing was just 29%, against its target range of 35-40% and 64% is currently hedged. The portfolio comprises 58 assets covering over 30.9m sq. ft. versus 29.8m a year ago and the average lease length is 14.3 years (2018: 14.4 years).According to broker Jefferies, it’s steady-as-she-goes in the muted Brexit-paused ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

B&M European Retail - Q1 sales rise 21%

Mortgage Advice Bureau

Tritax Big Box (June 2019)

Tritax Big Box (October 2018)

Tritax Big Box (June 2018)

TritaxBig Box - Exciting property play on e-commerce growth (February 2018)

Tritax Big Box - Industrial sheds owner growing quickly thanks to online commerce (March 2016)

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.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X