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United Kingdom

SEGRO PLC (SGRO.L)

SGRO.L on London Stock Exchange

712.60GBp
16 May 2019
Change (% chg)

1.40 (+0.20%)
Prev Close
711.20
Open
714.60
Day's High
715.20
Day's Low
711.20
Volume
2,490,672
Avg. Vol
--
52-wk High
715.20
52-wk Low
577.60

Latest Key Developments (Source: Significant Developments)

Segro Secures 21 Mln Stg Of New Headline Rent During Quarter
Wednesday, 17 Apr 2019 

April 17 (Reuters) - SEGRO PLC ::SEGRO PLC - TRADING UPDATE.SEGRO PLC - BUSINESS HAS CONTINUED TO PERFORM WELL DURING Q1, SECURING £21 MILLION OF NEW HEADLINE RENT.SEGRO PLC - CURRENTLY HAVE 44 PROJECTS UNDER CONSTRUCTION, WHICH ARE EXPECTED TO GENERATE £57 MILLION OF ANNUALISED RENT AND ARE ALREADY 72 PERCENT LEASED.SEGRO PLC - Q1 VACANCY RATE HAS REDUCED TO 4.4 PER CENT (31 DECEMBER 2018: 5.2 PER CENT).SEGRO PLC - NET DEBT (INCLUDING OUR SHARE OF DEBT IN JOINT VENTURES) AT 31 MARCH 2019 WAS £2.2 BILLION (31 DECEMBER 2018: £2.7 BILLION).  Full Article

Segro ABB Bookrunner Says Books Are Covered Throughout Range
Friday, 15 Feb 2019 

Feb 15 (Reuters) - SEGRO PLC ABB Bookrunner::BLOCK TRADE: SEGRO PLC ABB BOOKRUNNER- PRICING GUIDANCE OF GBP 630 - 635. BOOKS COVERED THROUGHOUT RANGE. BOOKS EXPECTED TO CLOSE AT SHORT NOTICE.  Full Article

Segro ABB Bookrunner Says Price Guidance To Follow For Segro Offering
Friday, 15 Feb 2019 

Feb 15 (Reuters) - SEGRO PLC ::BLOCK TRADE-SEGRO ABB BOOKRUNNER - FROM A LIMITED MARKET SOUNDING EXERCISE, BANKS HAVE VISIBILITY ON INDICATIONS OF INTEREST IN EXCESS OF DEAL SIZE.BLOCK TRADE-SEGRO ABB BOOKRUNNER - BOOKS COVERED. PRICE GUIDANCE TO FOLLOW.  Full Article

Segro Says Uncertainty Associated With Brexit May Adversely Impact Labour Markets In The UK
Friday, 15 Feb 2019 

Feb 15 (Reuters) - SEGRO PLC ::FY EPRA NAV PER SHARE UP 16.9 PER CENT TO 650 PENCE (31 DECEMBER 2017: 556 PENCE).FY REVENUE 369 MILLION STG VERSUS 334.7 MILLION STG REPORTED A YEAR EARLIER.FY IFRS PRETAX PROFIT 1,099.1 MILLION STG VERSUS 976.3 MILLION STG REPORTED LAST YEAR.TOTAL DEVELOPMENT CAPEX FOR 2019, INCLUDING INFRASTRUCTURE AND LAND ACQUISITIONS, EXPECTED TO EXCEED £600 MILLION.FY ADJUSTED. PRETAX PROFIT 241.5 MILLION STG VERSUS 194.2 MILLION STG REPORTED LAST YEAR.FY 3.1 PER CENT LIKE-FOR-LIKE NET RENTAL INCOME GROWTH.FURTHER 'NEAR-TERM' PRE-LET PROJECTS ASSOCIATED WITH £23 MILLION OF RENT ARE AT ADVANCED STAGES OF NEGOTIATION.OPTIMISTIC OUTLOOK FOR 2019, CO RECOMMENDING A 16.7 PER CENT INCREASE IN FINAL DIVIDEND TO 13.3 PENCE PER SHARE.UNCERTAINTY ASSOCIATED WITH BREXIT MAY ADVERSELY IMPACT INVESTMENT, CAPITAL, FINANCIAL OCCUPIER AND LABOUR MARKETS IN THE UK.IN THE EVENT OF A 'NO DEAL' DISORDERLY BREXIT THESE IMPACTS COULD BE ACUTE..NEVERTHELESS, THE LIKELIHOOD OF SEVERE ADVERSE IMPACT ON THE GROUP IS JUDGED TO BE LOW FROM BREXIT.  Full Article

Segro Exits Belgium As Part Of Plan To Exit Markets Where It Does Not Have Scale Position
Friday, 26 Oct 2018 

Oct 26 (Reuters) - SEGRO PLC ::SEGRO PLC - SEGRO EXITS BELGIUM WITH BIG BOX WAREHOUSE SALES.SEGRO PLC - SELP HAS RECEIVED NET PROCEEDS OF EUR 83.4 MILLION.SEGRO PLC - DISPOSAL CONCLUDES SEGRO AND SELP'S PRESENCE IN BELGIUM, AT A MODEST PREMIUM TO BOOK VALUE.SEGRO PLC - SEGRO AND SELP WERE ADVISED BY KNIGHT FRANK.SEGRO PLC - DISPOSAL IN LINE WITH SEGRO'S STRATEGY TO EXIT MARKETS WHERE IT DOES NOT HAVE, OR DOES NOT EXPECT TO ACHIEVE, A SCALE POSITION.  Full Article

Segro Contracts £12.6 Mln Of New Headline Rent During Q3
Wednesday, 17 Oct 2018 

Oct 17 (Reuters) - SEGRO PLC ::SEGRO PLC - CONTRACTED £12.6 MILLION (Q3 2017: £8.8 MILLION) OF NEW HEADLINE RENT DURING Q3.SEGRO PLC - COMPLETED 219,800 SQ M (Q3 2017: 313,000 SQ M) OF NEW DEVELOPMENTS IN QUARTER.SEGRO PLC - REMAIN ON COURSE TO INVEST IN EXCESS OF £500 MILLION IN 2018 AS WHOLE IN DEVELOPMENT PIPELINE.SEGRO - EXPECT TO GET PERFORMANCE FEE FROM SELP JV IN Q4, CURRENTLY ESTIMATED TO HAVE NET IMPACT OF ABOUT £10 MILLION ON ADJUSTED PROFIT.SEGRO PLC - REMAIN OPTIMISTIC ABOUT PROSPECTS FOR REMAINDER OF YEAR AND INTO 2019.  Full Article

SEGRO H1 Pretax Profit Soars 43.8 Pct
Thursday, 26 Jul 2018 

July 26 (Reuters) - SEGRO PLC ::H1 PRETAX PROFIT ROSE 43.8 PERCENT TO 570.9 MILLION STG.INTERIM DIVIDEND UP 5.7 PERCENT TO 5.55 PENCEPER SHARE.HY REVENUE 167.2 MILLION POUNDS VERSUS 155 MILLION POUNDS REPORTED LAST YEAR.HY PROFIT BEFORE TAX 570.9 MILLION POUNDS VERSUS 397.1 MILLION POUNDS.INTERIM DIVIDEND INCREASED BY 5.7 PER CENT TO 5.55 PENCE (2017 INTERIM DIVIDEND: 5.25 PENCE), IN LINE WITH OUR DIVIDEND POLICY.2.3 PER CENT LIKE-FOR-LIKE NET RENTAL INCOME GROWTH IN HY.NOW EXPECT TO INVEST IN EXCESS OF £500 MLN DURING 2018.  Full Article

Segro Says Secured 27 Million Pouunds Of New Headline Rent In Q1
Wednesday, 18 Apr 2018 

April 18 (Reuters) - SEGRO PLC ::IN Q1, CONTRACTED £27.3 MILLION OF NEW HEADLINE RENT (Q1 2017: £16.3 MILLION), INCLUDING £23.3 MILLION OF PRE-LETS (Q1 2017: £10.6 MILLION).SEGRO - COMPLETED 146,500 SQ M OF DEVELOPMENTS IN Q1, CAPABLE OF GENERATING £10.9 MILLION OF HEADLINE RENT WHEN FULLY LET.1.0 MILLION SQ M OF SPACE WAS APPROVED OR UNDER DEVELOPMENT AT 31 MARCH 2018 (31 DECEMBER 2017: 693,900 SQ M).Q1 VACANCY RATE AT 5.0 PER CENT (31 DECEMBER 2017: 4.0 PER CENT).NET INVESTMENT DURING Q1 2018 TOTALLED £50 MILLION.NET DEBT (INCLUDING OUR SHARE OF DEBT IN JOINT VENTURES) AT 31 MARCH 2018 REMAINED STABLE AT £2.4 BILLION.  Full Article

SEGRO ‍announces launch and pricing of 8 year, 500 mln euro senior unsecured bond issue for SELP​
Monday, 20 Nov 2017 

Nov 20 (Reuters) - Segro Plc :‍announces launch and pricing of an 8 year, eur 500 million (£442 million) senior unsecured bond issue for selp​.bonds were priced at 95 basis points above euro mid-swaps and have an annual coupon of 1.5 per cent​.‍proceeds of issue will principally be used to prepay existing bank borrowings, including certain secured facilities​.  Full Article

Segro says new headline rent ‍contracted in Q3 was 8.8 mln stg
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Segro Plc ::SEGRO PLC - Q3 NEW HEADLINE RENT ‍CONTRACTED £8.8 MILLION VERSUS 13.5 MILLION STG , INCLUDING £3.8 MILLION IN RENT FROM EXISTING SPACE​.SEGRO PLC - Q3 VACANCY RATE OF 4.1 PERCENT VERSUS 5.7 PERCENT YEAR AGO.SEGRO PLC - ‍NET DEBT (INCLUDING OUR SHARE OF DEBT IN JOINT VENTURES) AT 30 SEPTEMBER 2017 WAS £2.3 BILLION​.SEGRO PLC - ‍LOOK-THROUGH LOAN TO VALUE (LTV) RATIO AT 30 SEPTEMBER 2017 WAS 31 PER CENT​.SEGRO PLC - ‍DURING Q3, WE INVESTED £17 MILLION IN FOUR LAND ACQUISITIONS FOR FUTURE DEVELOPMENT IN UK, ITALY AND SPAIN​.  Full Article

PRESS DIGEST- British Business - April 19

April 19 The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.