Tritax Big Box REIT PLC 12.0% potential upside indicated by RBC Capital Markets

Tritax Big Box REIT PLC with ticker (LON:BBOX) now has a potential upside of 12.0% according to RBC Capital Markets.



RBC Capital Markets set a target price of 275 GBX for the company, which when compared to the Tritax Big Box REIT PLC share price of 242 GBX at opening today (13/04/2022) indicates a potential upside of 12.0%. Trading has ranged between 185 (52 week low) and 252 (52 week high) with an average of 7,931,878 shares exchanging hands daily. The market capitalisation at the time of writing is £4,500,135,473.

Tritax Big Box REIT plc is a real estate investment trust (REIT). The Company is focused on investing in logistics facilities in the United Kingdom. It also owns the logistics-focused land platform in United Kingdom. It owns, manages and develops prime logistics real estate. It provides logistics buildings for its customers and long-term returns for shareholders. It invests and manages logistics buildings, developing new logistics assets and securing land suitable for logistics development. It focuses on modern and sustainable buildings, let to customers on long-term leases. Its overall portfolio includes investment and development portfolios. It has a prime logistics space of about 33.2 million square feet. Its subsidiaries include TBBR Holdings 1 Limited, TBBR Holdings 2 Limited, db Symmetry Ltd, Tritax Acquisition 2 Limited, Tritax Acquisition 4 Limited and Tritax Acquisition 17 Limited, among others. Tritax Management LLP is the Company’s alternative investment fund manager.