Tritax Big Box REIT PLC 20.1% potential upside indicated by JP Morgan

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.