Tritax Big Box stock weighs a 20 year Amazon lease

Tritax Big Box stock was last at GBp 145.90 on the London Stock Exchange on September 28, 2026, down 0.55 percent from a prior close of GBp 146.70. The latest company announcement adds a 20 year Amazon lease with GBP 9.8 million in annual rental income, giving the logistics REIT a concrete development milestone.

Amazon lease adds rental income

According to Investegate on September 23, 2026, Tritax Big Box reached practical completion on a 1 million sq ft facility at Symmetry Park in Kettering. The building was pre-let to Amazon and delivers a yield on cost at the top end of the company's 6%-8% guidance range.

The project completes the third committed building at the 136-acre site, taking developed space at the park to 1.6 million sq ft. The lease has a 20 year term with five-yearly index-linked rent reviews, which supports visibility of the stated GBP 9.8 million annual income.

Half year figures show rental growth

The H1 2026 transcript published by Yahoo Finance records net rental income of GBP 173.3 million, up 16.2 percent from the prior period. Adjusted EPS excluding DMA income rose 7 percent to GBP 0.0441, while the interim dividend increased 4.4 percent to GBP 0.04 per share.

The same H1 2026 material shows loan to value at 32.9 percent on June 30, 2026, and EPRA NTA per share at GBP 1.859 after a 1 percent decline. For investors, the combination of rental growth and measured leverage is more important than the warehouse headline alone because it frames how quickly new projects can be funded.

Berenberg target remains above price

According to Trading-Treff, Berenberg cut its target from GBp 196.00 to GBp 188.00 on September 8, 2026, while retaining its Buy rating. At GBp 145.90, the price lies 22.39 percent below the revised target, a quantified gap that leaves the analyst view more constructive than the recent market snapshot.

Stock stays inside yearly range

Tritax Big Box traded between GBp 145.50 and GBp 149.10 during the September 28, 2026 session, with volume of 6,149,083 shares. Its 52-week range was GBp 139.80 to GBp 175.00, placing the reference price 16.61 percent above the yearly low and 16.63 percent below the yearly high.