Tritax Big Box REIT PLC with ticker (LON:BBOX) now has a potential upside of 12.4% according to Berenberg Bank.
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Berenberg Bank set a target price of 182 GBX for the company, which when compared to the Tritax Big Box REIT PLC share price of 162 GBX at opening today (06/09/2024) indicates a potential upside of 12.4%. Trading has ranged between 127 (52 week low) and 173 (52 week high) with an average of 6,564,528 shares exchanging hands daily. The market capitalisation at the time of writing is £4,021,177,568.
Tritax Big Box REIT PLC is a United Kingdom-based real estate investment trust (REIT). The Company invests in logistics warehouse assets and controls the logistics-focused land platform in the United Kingdom. It focuses on modern logistics assets, typically let to institutional-grade tenants on long-term leases with upward-only rent reviews and geographic and tenant diversification throughout the United Kingdom. Its logistics land platform, which enables it to deliver sustainable buildings in the distribution hubs, is aligned with its customers’ individual needs. The Company works with some of the brands to develop, own and manage their mission-critical supply chain property solutions. Its portfolio comprises its standing investments and development land (primarily held under long-dated options). These assets are in logistics locations across the United Kingdom, with easy access to transport infrastructure, a skilled workforce, and suitable power and data connectivity.
Tritax Big Box REIT PLC 12.4% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Tritax Big Box has entered a development management agreement to deliver a 125MW data centre scheme at Chelmsford, Essex.
Tritax Big Box REIT says a Secretary of State decision on planning for its Manor Farm, Heathrow data centre is now expected by 7 July, with the probability of consent unchanged.
Tritax Big Box REIT has sold six logistics assets to EQT Real Estate for £199 million, recycling capital into higher-return development and data centre opportunities.
Tritax Big Box REIT expects a planning decision on its Manor Farm data centre by June 2026, pushing anticipated completion to between October 2027 and March 2028. The company maintains confidence in long-term earnings growth and expects development profits to be recognised in FY 2026.
For the year ended 31 December 2025, Tritax Big Box REIT plc increased adjusted EPS (excluding additional DMA income) by 4.1% to 8.38p and expanded its portfolio to £7.89 billion.
In its FY25 operational update, Tritax Big Box outlines like-for-like ERV growth of 4.0%, an expanding logistics and data centre pipeline, and continued capital recycling, while maintaining a strong balance sheet and clear visibility on future earnings growth.
