Re: BBOX and all that money?
Posted: June 27th, 2020, 2:13 pm
Haven't read the article, nor know the REIT particularly well, but a look at the balance sheet shows a (conservatively?) geared company, with debts in excess of £1bn, higher than a year ago.
It's possible they have £1bn headroom on undrawn facilities, plus cash, but that's not the same impression I get from a statement such as "has over a billion GBP in cash", and might explain the apparent lack of ambition to invest in land/property acquisitions currently.
It's possible they have £1bn headroom on undrawn facilities, plus cash, but that's not the same impression I get from a statement such as "has over a billion GBP in cash", and might explain the apparent lack of ambition to invest in land/property acquisitions currently.
