UK's Tritax Big Box REIT net rental income rises 10.6%

Tritax Big Box REIT

27/02/2026 07:12

Overview

UK logistics investor's net rental income rose 10.6% yr/yr

Adjusted EPS met analyst expectations

Portfolio value increased 20.5% to £7.89 bln

Outlook

Tritax Big Box expects £200-250 mln development capex in 2026

Company anticipates acceleration in Adjusted EPS growth in FY26

Tritax Big Box sees capital value creation from data centers in 2026

Result Drivers

URBAN LOGISTICS EXPANSION - Integration of UKCM and Blackstone assets increased urban logistics exposure, driving rental income growth

DATA CENTRE DEVELOPMENT - Launch of data centre program with a power-first approach aims to unlock digital infrastructure opportunities

RENTAL REVERSION POTENTIAL - 28% portfolio rental reversion provides potential for £101.1 mln additional rent, supporting future earnings growth

Company press release: ID:nRSa6907Ua

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted EPS
Meet
GBP 0.08
GBP 0.08 (12 Analysts)
FY EPS
GBP 0.14
FY Dividend
GBP 0.08
FY EPRA Earnings Per Share
GBP 1.88
FY Net Asset Value Per Share
GBP 1.87
FY Operating Profit
GBP 281.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy"

Wall Street's median 12-month price target for Tritax Big Box Reit PLC is GBp180.00, about 5.7% above its February 26 closing price of GBp170.30

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)