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Tritax Big Box REIT ( (GB:BBOX) ) has shared an update.
Tritax Big Box REIT reported a strong operational performance for 2025, driven by active asset management, development progress and increasing exposure to data centres, leaving the business confident about entering 2026. The company grew contracted rent to £360.9 million, including £14.2 million from asset management initiatives and strong like-for-like rental growth, while integrating a £1.04 billion portfolio acquired in October and continuing to rotate capital, with £415.5 million of disposals, most of them from non-strategic UKCM assets. Its logistics development pipeline advanced with 1.8 million sq ft under construction—more than half pre-let—£8.9 million of rent under offer and further lettings in advanced talks, alongside new planning consents and development starts targeting 7–8% yields on cost. Tritax also accelerated its entry into data centres, negotiating a major 107MW pre-let at Manor Farm near Heathrow with a projected 9.3% yield on cost and holding rights over a wider UK pipeline of around 1GW of potential capacity. With a 28% embedded rental reversion, modest 5.6% total vacancy, a WAULT of 10.2 years, a Loan to Value ratio of 33% and an upgraded A3 credit rating, the company says its balance sheet and structural tailwinds in logistics and data centres support its ambition to grow adjusted earnings by 50% by 2030.
The most recent analyst rating on (GB:BBOX) stock is a Buy with a £183.00 price target. To see the full list of analyst forecasts on Tritax Big Box REIT stock, see the GB:BBOX Stock Forecast page.
Spark’s Take on GB:BBOX Stock
According to Spark, TipRanks’ AI Analyst, GB:BBOX is a Outperform.
Tritax Big Box REIT scores highly due to its strong financial performance, attractive valuation, and positive corporate events. The earnings call supports future growth potential, while technical indicators suggest a positive trend. However, increased leverage and market vacancy present some risks.
To see Spark’s full report on GB:BBOX stock, click here.
More about Tritax Big Box REIT
Tritax Big Box REIT plc is the UK’s largest listed investor in high-quality logistics warehouse assets and controls the country’s largest logistics-focused land platform. The FTSE 250 real estate investment trust targets sustainable returns by owning and actively managing modern, well-located logistics facilities, typically leased long term to institutional-grade tenants on upward-only rent reviews, and is increasingly focused on power-enabled sites that can support both logistics and large-scale data centre developments across the UK.
Average Trading Volume: 5,974,251
Technical Sentiment Signal: Buy
Current Market Cap: £4.41B
For detailed information about BBOX stock, go to TipRanks’ Stock Analysis page.