Tritax Big Box Reit (BBOX)

Sector:

Property Investment Trusts

Index:

FTSE 250

 146.90p
   
  • Change Today:
      0.000p
  • 52 Week High: 166.20
  • 52 Week Low: 124.70
  • Currency: UK Pounds
  • Shares Issued: 2,480.68m
  • Volume: 6,178,603
  • Market Cap: £3,644.12m
  • RiskGrade: 105

Tritax Big Box makes £924m bid for UKCP

By Frank Prenesti

Date: Monday 12 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Tritax Big Box said it had agreed terms on a possible bid for UK Commercial Property REIT in an all-share deal worth £924m.


The company on Monday said it had offered 0.444 new Tritax shares for every UKCP share, leaving it with 76.7% of the merged group and UKCM shareholders with the remainder.

It also represents a 10.8% premium to UKCP's closing share price of 64.2 pence per share on February 9.

Tritax said the boards of both companies believe the potential offer would "bring together complementary logistics-oriented investment portfolios with a shared focus on resilient and growing income".

Phoenix Life and Investec Wealth & Investment UK - which hold 56.5% of UKCP - have indicated they will accept the offer on current terms, it added.

Reporting by Frank Prenesti for Sharecast.com

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

Note 2: RiskGrade figures are provided by RiskMetrics.

 

BBOX Market Data

Currency UK Pounds
Share Price 146.90p
Change Today 0.000p
% Change 0.00 %
52 Week High 166.20
52 Week Low 124.70
Volume 6,178,603
Shares Issued 2,480.68m
Market Cap £3,644.12m
RiskGrade 105

BBOX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
54.55% below the market average54.55% below the market average54.55% below the market average54.55% below the market average54.55% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
24.83% above the market average24.83% above the market average24.83% above the market average24.83% above the market average24.83% above the market average
7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average
Income
64.11% above the market average64.11% above the market average64.11% above the market average64.11% above the market average64.11% above the market average
21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average
Growth
76.16% above the market average76.16% above the market average76.16% above the market average76.16% above the market average76.16% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average

What The Brokers Say

Strong Buy 6
Buy 6
Neutral 2
Sell 0
Strong Sell 0
Total 14
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
  1st Interim 4th Interim
Ex-Div 22-May-25 13-Mar-25
Paid 13-Jun-25 28-Mar-25
Amount 1.92p 2.19p

Trades for 30-May-2025

Time Volume / Share Price
16:42 54,801 @ 146.90p
16:27 1 @ 147.20p
16:35 37,684 @ 146.90p
16:35 4,389,731 @ 146.90p
16:35 11,124 @ 146.90p

BBOX Key Personnel

Chair Aubrey Adams

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