Tritax Big Box REIT PLC 9.8% potential upside indicated by JP Morgan

Tritax Big Box REIT PLC with ticker (LON:BBOX) now has a potential upside of 9.8% according to JP Morgan Cazenove.



JP Morgan Cazenove set a target price of 265 GBX for the company, which when compared to the Tritax Big Box REIT PLC share price of 239 GBX at opening today (02/12/2021) indicates a potential upside of 9.8%. Trading has ranged between 153 (52 week low) and 244 (52 week high) with an average of 7,860,772 shares exchanging hands daily. The market capitalisation at the time of writing is £4,479,749,437.

Tritax Big Box REIT plc is a real estate investment trust (REIT) focused on investing in logistics facilities in the United Kingdom. The Company operates through the investment property segment. Its objectives reflect the Company’s aim of creating value for shareholders. It invests in and manages both standing assets and pre-let forward funded developments. The Company focuses on well-located, modern Big Box logistics assets, typically greater than 500,000 square feet, let to institutional-grade tenants on long-term leases (typically at least 12 years in length) with upward-only rent reviews and geographic and tenant diversification throughout the United Kingdom. The Company seeks to exploit the significant opportunity in this sub-sector of the United Kingdom logistics market. Tritax Management LLP is the Company’s alternative investment fund manager.