Berenberg cuts target for Tritax Big Box stock to GBp 188
Published on 10/13/2026 at 05:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSKey points in brief
- Berenberg cut its Tritax Big Box target from GBp 196.00 to GBp 188.00 on September 8, 2026, while retaining a Buy rating.
- First-half 2026 net rental income rose 16.20 percent to GBP 173.30 million.
- Adjusted earnings per share increased 7.00 percent to GBP 0.0441 in the first half of 2026.
- The latest Lang & Schwarz quote was EUR 1.68 on October 12, 2026, at 11:00 p.m. CEST.
Berenberg Bank cut its Tritax Big Box target from GBp 196.00 to GBp 188.00 and retained a Buy rating in a research report dated September 8, 2026, according to MarketBeat. The revision leaves the income profile and the data center development pipeline as the central measures for Tritax Big Box stock.
Three dated company developments
On August 5, 2026, Tritax Big Box reported quarterly earnings per share of GBp 4.41, as MarketBeat reported.
On August 6, 2026, the company raised GBP 350 million in equity, according to MarketScreener.
On September 8, 2026, Berenberg reduced its target by GBp 8.00, from GBp 196.00 to GBp 188.00, while keeping its Buy rating, according to MarketBeat.
What does the pipeline add?
Net rental income rose 16.20 percent to GBP 173.30 million in the first half of 2026, while adjusted earnings per share increased 7.00 percent to GBP 0.0441, according to IT Boltwise. The same report said secured data center capacity reached 507 MW, including an additional 235 MW, with potential annual rental income of GBP 107 million to GBP 119 million.
The figures show why the target revision does not erase the operating case. Rental income and adjusted earnings per share moved higher in the first half, while the development pipeline adds a longer-dated growth component. The trade-off is capital intensity, made more visible by the GBP 350 million equity raise completed on August 6, 2026.
The company describes itself as a UK logistics real estate investor listed on the London Stock Exchange, with a portfolio strategy combining operating warehouses and development land, according to its investor center. For investors, the key comparison is therefore between current rental income growth and the funding required to bring future projects into operation.
The latest euro quote is dated
The last available Lang & Schwarz quote was EUR 1.68 on October 12, 2026, at 11:00 p.m. CEST. On the London Stock Exchange, MarketBeat listed a 52-week range of GBp 139.80 to GBp 175.00 and a market capitalization of GBP 4.18 billion as of October 6, 2026.
The further course of trading is shown by the continuously updated real-time quote of Tritax Big Box stock.
Tritax Big Box stock facts
- Company: Tritax Big Box REIT plc
- ISIN: GB00BG49KP99
- Ticker: BBOX
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz (as of October 12, 2026, 11:00 p.m. CEST): EUR 1.68
- Market capitalization: GBP 4.2 billion (as of October 6, 2026)
- 52-week range: GBp 139.80-175.00 (as of October 6, 2026)
- Sector / Industry: Real Estate / REIT - Industrial
- Index membership: FTSE 250
Market context: Market report FTSE 100.
