Tritax Big Box completes Amazon lease and Berenberg cuts target for Tritax Big Box stock

Published on 10/06/2026 at 11:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Net rental income rose 16.20% to GBP 173.30 million. Tritax Big Box stock costs EUR 1.69 on October 6, 2026 versus EUR 1.68, plus 0.60 percent.

Fotorealistisches UK-Logistiklager mit Lkw-Rampe, Tritax Big Box REIT — Fotorealistisches Logistiklager zeigt Tritax Big Box REIT plc mit ISIN GB0008847096 und riesiger Lkw-Verladerampe, Illustration mit AI erstellt.

Tritax Big Box (ISIN GB00BG49KP99) was trading at EUR 1.69 at Lang & Schwarz on October 6, 2026 at 11:09 a.m. CEST, plus 0.60 percent versus the prior close of EUR 1.68. The company completed a 20-year lease for its Kettering logistics facility with Amazon on September 24, 2026, while Berenberg cut its target from GBp 196.00 to GBp 188.00 on September 8, 2026 and retained a Buy rating, as MarketBeat reports.

Amazon lease adds income visibility

The Kettering agreement gives Tritax Big Box a long-dated occupier commitment in its core logistics portfolio. The lease is part of the company's strategy of owning modern warehouses leased to institutional tenants, a model described on its investor center.

The latest reported operating figures came from the first half of 2026. Net rental income increased 16.20 percent to GBP 173.30 million, while adjusted earnings per share excluding DMA income rose 7.00 percent to GBP 0.0441, according to the H1 results call published by Yahoo Finance.

Data centers reshape the growth case

The same first-half update showed EPRA like-for-like rental growth of 5.10 percent and a 4.40 percent increase in the dividend to GBP 0.04 per share. Secured power for the data center pipeline reached 507 MW after an additional 235 MW was secured, giving the development strategy a quantified expansion path.

That opportunity also carries execution risk. Management expects the first data center to contribute from 2028, with the last project expected to become fully income producing in 2031, while the company reported a 32.90 percent loan-to-value ratio at June 30, 2026. For investors, the combination of recurring rental growth and a still-developing data center pipeline is more important than the small daily move in the euro quote.

Target cut leaves a valuation gap

Berenberg's GBp 188.00 target is 27.92 percent above the LSE quote of GBp 146.50 reported by the finance data snapshot on October 6, 2026, but the currencies differ from the Lang & Schwarz reference price and the comparison is therefore kept separate. The broader analyst consensus cited by MarketBeat was Moderate Buy, based on seven Buy ratings and one Hold rating.

At Lang & Schwarz, Tritax Big Box was trading at EUR 1.69 on October 6, 2026 at 11:09 a.m. CEST, plus 0.60 percent versus the prior close of EUR 1.68. The further course of trading is shown by the continuously updated real-time quote of Tritax Big Box stock.