0.00%
14.85%
12.06%
18.44%
40.37%
-29.81%
-13.86%
AI Spotlight on BOXE
Company Description
Tritax EuroBox plc invest in and manage a well-diversified portfolio of large, high-quality logistics real estate assets, known as Big Boxes.It seeks to invests in properties fulfilling a key part of the logistics and distribution supply chain for occupiers including retailers, manufacturers and third-party logistics operators.The fund focus on key logistics hubs, which are close to major population centres in Europe's most-established logistics markets and have good availability of labour.
It seeks to invest in Foundation assets, Value add assets, Growth covenant assets and strategic land.Tritax EuroBox plc primarily invests across core countries in Continental Europe.
Market Data
| Last Price | 0.95 |
| Change Percentage | 14.85% |
| Open | 0.83 |
| Previous Close | 0.82 |
| Market Cap ( Millions) | 764 |
| Volume | 586393 |
| Year High | 0.95 |
| Year Low | 0.55 |
| M A 50 | 0.84 |
| M A 200 | 0.75 |
Financial Ratios
| FCF Yield | 12.12% |
| Dividend Yield | 3.89% |
| ROE | -2.92% |
| Debt / Equity | 91.73% |
| Net Debt / EBIDTA | -886.20% |
| Price To Book | 0.88 |
| Price Earnings Ratio | -29.33 |
| Price To FCF | 8.25 |
| Price To sales | 4.17 |
| EV / EBITDA | -13.63 |
News
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- Dec -02 - Form 8.3 - Hargreaves Lansdown plc
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- Nov -29 - Form 8.3 - Hargreaves Lansdown plc
- Nov -28 - Form 8.3 - DS Smith plc
- Nov -27 - Form 8.3 - DS Smith plc
- Nov -26 - Form 8.3 - DS Smith plc
- Nov -25 - Form 8.3 - DS Smith plc
- Nov -22 - Form 8.3 - DS Smith plc
- Nov -21 - Form 8.3 - DS Smith plc
- Nov -20 - Form 8.3 - DS Smith plc
- Nov -19 - Form 8.3 - SEGRO plc
- Nov -18 - Form 8.3 - SEGRO plc
- Nov -15 - Form 8.3 - SEGRO plc
- Nov -14 - Form 8.3 - SEGRO plc
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Rental
Expected Growth : 7.5 %
What the company do ?
Rental from Tritax EuroBox plc refers to the income generated from leasing logistics and industrial properties across Europe, providing a steady revenue stream.
Why we expect these perspectives ?
Tritax EuroBox plc's 7.5% rental growth is driven by strong demand for logistics space, e-commerce growth, and urbanization. Additionally, the company's strategic focus on high-quality, well-located assets and active asset management contribute to the growth. Furthermore, the increasing need for last-mile delivery and omnichannel retailing also support the upward trend.
Segment n°2 -> Service Charges Recoverable
Expected Growth : 7.0 %
What the company do ?
Service charges recoverable from Tritax EuroBox plc refer to the costs incurred by the company for managing and maintaining its properties, recoverable from tenants.
Why we expect these perspectives ?
The 7.0% growth in Service Charges Recoverable from Tritax EuroBox plc is driven by increasing demand for logistics and e-commerce facilities, strategic acquisitions, and expansion into high-growth markets. Additionally, the company's focus on operational efficiency and cost savings initiatives contribute to the growth. Strong property management and proactive asset management also support the upward trend.
Segment n°3 -> Spreading of Customer Incentives
Expected Growth : 9.0 %
What the company do ?
Tritax EuroBox plc's customer incentives spreading involves allocating rewards to tenants, such as rent discounts or rebates, to encourage lease renewals and long-term commitments.
Why we expect these perspectives ?
Tritax EuroBox plc's 9.0% growth in spreading customer incentives is driven by strategic acquisitions, expanding e-commerce logistics, and increasing demand for last-mile delivery solutions. Additionally, the company's focus on operational efficiency, cost savings, and investment in digitalization have contributed to the growth.
Segment n°4 -> Other
Expected Growth : 6.0 %
What the company do ?
Tritax EuroBox plc's 'Other' segment includes income from non-rental activities, such as dividends, interest, and fees from joint ventures.
Why we expect these perspectives ?
Tritax EuroBox plc's 6.0% growth is driven by increasing demand for logistics and warehouse space, fueled by e-commerce growth and supply chain reconfigurations. Additionally, the company's strategic focus on high-quality, modern assets and its ability to secure long-term leases with strong covenants contribute to its growth momentum.
Segment n°5 -> Amortisation of Capital Contribution and Lease Commission
Expected Growth : 5.0 %
What the company do ?
Amortisation of Capital Contribution and Lease Commission from Tritax EuroBox plc refers to the gradual write-off of initial capital investments and lease commissions over time, reducing taxable profits.
Why we expect these perspectives ?
Tritax EuroBox plc's 5.0% growth is driven by the amortisation of capital contributions, which enhances cash flow and reduces debt. Lease commissions also contribute to growth, as the company expands its portfolio of high-quality logistics assets, increasing rental income and driving net asset value growth.
Tritax Eurobox Plc Products
| Product Range | What is it ? |
|---|---|
| Logistics Warehouses | Tritax EuroBox plc offers high-quality logistics warehouses for rent, strategically located near major transportation hubs, providing efficient and cost-effective storage and distribution solutions for businesses. |
| Distribution Centers | The company provides modern and well-equipped distribution centers, designed to optimize the supply chain and logistics operations for businesses. |
| Light Industrial Units | Tritax EuroBox plc offers flexible and adaptable light industrial units, suitable for a range of businesses, from manufacturing to research and development. |
| Cold Storage Facilities | The company provides temperature-controlled cold storage facilities, ideal for businesses requiring precise temperature control, such as food and pharmaceutical companies. |
| Data Centers | Tritax EuroBox plc offers secure and reliable data centers, designed to support the growing demand for data storage and processing. |
Tritax EuroBox plc's Porter Forces
Threat Of Substitutes
The threat of substitutes for Tritax EuroBox plc is medium due to the availability of alternative investment options in the real estate sector.
Bargaining Power Of Customers
The bargaining power of customers is low due to the fragmented nature of the logistics and industrial property market, which limits their negotiating power.
Bargaining Power Of Suppliers
The bargaining power of suppliers is medium due to the presence of a few large construction companies and material suppliers, which can exert some pressure on prices.
Threat Of New Entrants
The threat of new entrants is low due to the high barriers to entry in the logistics and industrial property market, including the need for significant capital investment and regulatory approvals.
Intensity Of Rivalry
The intensity of rivalry is high due to the presence of several established players in the logistics and industrial property market, leading to intense competition for tenants and investment opportunities.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 49.45% |
| Debt Cost | 3.95% |
| Equity Weight | 50.55% |
| Equity Cost | 7.36% |
| WACC | 5.67% |
| Leverage | 97.81% |
Tritax EuroBox plc : Quality Control
Tritax EuroBox plc passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| CORE-B.ST | Corem Property Group AB (publ), a real estate company, owns, manages, and develops industrial, warehouse, logistics, and retail properties in the Nordic region. As of December 31, 2021, it had … |
| FOXT.L | Foxtons Group plc, an estate agency, provides services to the residential property market in the United Kingdom. The company operates through three segments: Lettings, Sales, and Mortgage Broking. The Lettings … |
| ORIA.PA | Fiducial Real Estate SA operates and manages real estate properties in France. As of September 30, 2021, it operated a portfolio of office buildings, business buildings, and residential buildings covering … |
| PLAN.SW | Plazza AG plans, develops, manages, and markets real estate properties and projects in Switzerland. It has a portfolio of residential, commercial, and office buildings. The company was founded in 2015 … |
| DEQ.DE | Deutsche EuroShop AG is a German-based international real estate investment company headquartered in Hamburg. It is the largest German investor in shopping centers, and the country's only publicly traded company … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Tritax EuroBox
A-Score
1-Year Total Return ->
🥈
Plazza
A-Score
1-Year Total Return ->
🥉
Fiducial Real Estate
A-Score
1-Year Total Return ->
4
Deutsche EuroShop
A-Score
1-Year Total Return ->
5
Foxtons
A-Score
1-Year Total Return ->
6
