Tritax Big Box REIT PLC 12.4% potential upside indicated by Berenberg Bank

Tritax Big Box REIT PLC with ticker (LON:BBOX) now has a potential upside of 12.4% according to Berenberg Bank.

BBOX.L

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.