- Tritax Big Box Reit
- 10 September 2025 10:11:55
Source: Sharecast
"We update for newsflow and results while restricted, including guidance that the company sees earnings growth potential of 50% to FY2030," the bank said.
"This will come in the form of a hockey stick, with intense investment and disposals in the near term leading to strong EPS growth in the medium term."
JPM said that on its analysis, NAV growth could be stronger, with modest underlying capital growth boosted by development profit from datacentres.
"Taking a step back, listed UK property hasn’t been able to catch a break over the last 12 months - down 17% with top-down drivers all going the ‘wrong’ way," it said.
"What would help the sector - and we got a taster of its potential last week - is rate cuts, as UK names rose as much as 5% (from the lows) catalysed by US non-farm payroll data."
JPM said it thinks the value in UK property is evident and it expects that over the coming 12-18 months the sector should re-rate higher on continued operational resilience and alleviating rate headwinds.