Tritax Big Box REIT PLC with ticker (LON:BBOX) now has a potential upside of 20.1% according to JP Morgan.
BBOX.L
JP Morgan set a target price of 185 GBX for the company, which when compared to the Tritax Big Box REIT PLC share price of 154 GBX at opening today (21/06/2024) indicates a potential upside of 20.1%. Trading has ranged between 122 (52 week low) and 173 (52 week high) with an average of 9,739,982 shares exchanging hands daily. The market capitalisation at the time of writing is £3,790,474,531.
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. The Company focuses on well-located, modern logistics assets, 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, aligned with its customers’ individual needs. It also owns, manages and develops assets from small to big boxes in prime locations in the distribution hubs close to key transport infrastructure, workforce and power. It provides building space in a range of sizes. The Company’s portfolio consists of development and asset management assets, which includes Accolade Wines, Avonmouth; Amazon, Darlington; Amazon, Durham; Amazon, Haydock, and others.
Tritax Big Box REIT PLC 20.1% potential upside indicated by JP Morgan
- Written by: Charlotte Edwards
Latest Company News
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.
Tritax Big Box REIT confirmed that Aberdeen will increase its stake in Tritax Management from 60% to 80% in 2026 and to 100% by 2029. T
