Tritax Big Box Secures Amazon Lease Amid Mixed Analyst Views
Tritax Big Box REIT plc (ISIN: GB00BG49KP99) saw its shares rise slightly on October 6, 2026, trading at EUR 1.69, up 0.60% from the prior close. The company recently completed a 20-year lease for its Kettering logistics facility with Amazon, securing a long-term tenant for its core logistics portfolio. This lease aligns with Tritax Big Box’s strategy of owning modern warehouses leased to institutional tenants, providing income visibility.
In the first half of 2026, Tritax Big Box reported a 16.20% increase in net rental income to GBP 173.30 million and a 7.00% rise in adjusted earnings per share excluding DMA income to GBP 0.0441. The company also achieved EPRA like-for-like rental growth of 5.10% and increased its dividend by 4.40% to GBP 0.04 per share. Additionally, secured power for its data center pipeline reached 507 MW, with plans to begin contributions from 2028 and full income production by 2031.
Despite these positive developments, Berenberg cut its target price for Tritax Big Box from GBp 196.00 to GBp 188.00 on September 8, 2026, while maintaining a Buy rating. The broker’s target is 27.92% above the LSE quote of GBp 146.50 reported on October 6, 2026. The broader analyst consensus remains Moderate Buy, with seven Buy ratings and one Hold rating.
Tritax Big Box continues to trade on the London Stock Exchange with a market capitalization of GBP 3.9 billion as of October 6, 2026. The stock has a 52-week range of GBp 139.80-175.00, reflecting its position in the real estate sector, particularly within the REIT - Industrial industry.