Tritax Big Box stock gets a lower GBp 188 target

Published on 10/03/2026 at 23:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg's September 8 assessment listed a prior GBp 196 target. H1 adjusted EPS rose 7 percent to GBP 0.0441 as secured data center power reached 507 MW.

Pop-Art-Comic mit bunter Logistikszene und Lastwagen — Pop-Art-Comic illustriert bunte Logistikszene mit Lastwagen für Tritax Big Box REIT plc, ISIN GB0008847096, Retro-Stil, Illustration mit AI erstellt.

Tritax Big Box stock gets a lower GBp 188 target after the company's H1 2026 update, while the shares were last at GBp 140.80 on the London Stock Exchange on October 2, 2026 at 4:40 p.m. London time. The latest analyst checkpoint came on September 8, 2026, when Berenberg cut its target from GBp 196 to GBp 188 and retained a Buy rating, according to TradingView.

H1 earnings add rental momentum

The first half of 2026 produced adjusted EPS of GBP 0.0441, up 7 percent from the comparable period, while the dividend rose 4.4 percent to GBP 0.04 per share. Net rental income increased 16.2 percent to GBP 173.3 million, figures reported in the H1 earnings call published by Yahoo Finance on August 6, 2026.

The comparison matters because rental income grew faster than adjusted EPS, giving the results a clear operating rather than purely valuation-driven profile. The same presentation put the portfolio value at GBP 7.7 billion and loan-to-value at 32.9 percent as of June 30, 2026.

Data centers raise the growth stakes

Tritax Big Box secured an additional 235 MW of data center power in H1 2026, taking total secured power to 507 MW. The expanded pipeline carries potential annual data center rental income of GBP 107 million to GBP 119 million, compared with GBP 58 million for the Manor Farm and Chelmsford projects, according to Yahoo Finance.

Management expects the first data center to come on stream from 2028, with the final scheme expected to become fully income producing in 2031. The company also raised its adjusted EPS growth ambition to 65 percent by 2031 or sooner, from 50 percent by 2030, linking the power expansion directly to its earnings plan.

Stock stays near its yearly low

The GBp 140.80 last price stood GBp 1.00 above the 52-week low of GBp 139.80 and GBp 34.20 below the 52-week high of GBp 175. The session change was -0.07 percent from the prior close of GBp 140.90, with 6,574,281 shares traded.

Tritax Big Box REIT plc describes itself as a specialist investor in UK logistics real estate listed on the London Stock Exchange, according to Tritax Big Box. Its investment case now combines rental reversion in logistics assets with a power-led data center pipeline, while Berenberg's GBp 188 target remains GBp 47.20 above the last price.