Tritax Big Box Share Price (BBOX)

Shs bt virtually equals sd......why 2%+ going south?

Very helpful remark

"debt benefiting from either fixed or capped interest rates with an average cost of debt of 2.52%" RNS 4th Aug

yes id picked that up - eventually! but hadnt made the connection. Cheers. Just shows though how touchy the mkt is at the moment. The knock ons are so tenuous

Hi Nala, the drop coincided with the release of the US job/payroll data. The numbers of people on the payroll were higher than forecast meaning that the labour market will be tight and inflation even higher. The Fed will have to increase interest rates faster and further to counter this.

Rising interest rates are not good for a company like BBOX which has £1.4billion of debt. More money being spent on interest repayments means less profits and lower dividends. The same applies for their customers/tenants which could put pressure on rents and cause vacancies.