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United Kingdom

SEGRO PLC (SGRO.L)

SGRO.L on London Stock Exchange

626.40GBp
4:37pm BST
Change (% chg)

-4.80 (-0.76%)
Prev Close
631.20
Open
630.20
Day's High
633.00
Day's Low
624.60
Volume
1,530,705
Avg. Vol
2,433,301
52-wk High
633.00
52-wk Low
477.30

Latest Key Developments (Source: Significant Developments)

Segro Posts FY Pretax Profit 976.3 Mln Stg
Friday, 16 Feb 2018 

Feb 16 (Reuters) - Segro Plc ::FINAL DIVIDEND UP 6.1 PERCENT TO 11.35 PENCEPER SHARE.FY PRETAX PROFIT 976.3 MILLION STG VERSUS 426.4 MILLION STG YEAR AGO.FY ‍EPRA NAV PER SHARE UP 16.3 PER CENT TO 556 PENCE (31 DECEMBER 2016: 478 PENCE 1 )​.FY ‍ADJUSTED EPS UP 5.9 PER CENT TO 19.9 PENCE (2016: 18.8 PENCE 1 )​.‍FINAL DIVIDEND INCREASED BY 6.1 PER CENT TO 11.35 PENCE​.1.2 MILLION SQ M OF DEVELOPMENT PROJECTS UNDER CONSTRUCTION OR IN ADVANCED PRE-LET DISCUSSIONS, ALMOST ONE-FIFTH OF CO'S CURRENT PORTFOLIO​.FY ‍RENTAL VALUES INCREASED BY 3.1 PER CENT. RENTAL VALUES IN UK INCREASED BY 3.9 PER CENT AND BY 1.2 PER CENT IN CONTINENTAL EUROPE​.IN FY, ‍2.6 PER CENT LIKE-FOR-LIKE NET RENTAL INCOME GROWTH​.‍TOTAL DEVELOPMENT CAPEX FOR 2018 AGAIN EXPECTED TO EXCEED £350 MILLION​.‍LOOK-THROUGH LTV RATIO OF 30 PER CENT FOR FY​.AT 31 DEC, HAD DEVELOPMENT PROJECTS APPROVED, CONTRACTED OR UNDER CONSTRUCTION OF £266 MILLION OF FUTURE CAPEX, £43.3 MILLION OF ANNUALISED GROSS RENTAL INCOME.  Full Article

Segro To Deliver Distribution Hub For Ikea In Paris‍​
Tuesday, 6 Feb 2018 

Feb 6 (Reuters) - SEGRO PLC ::TO DELIVER PIONEERING MULTI-STOREY DISTRIBUTION HUB FOR IKEA IN PARIS‍​.SIGNED DEAL WITH IKEA FRANCE FOR 50,000 SQ M AT WAREHOUSE AT PORT DE GENNEVILLIERS, MEANING SITE FULLY LET 11 MONTHS AHEAD OF SCHEDULED PRACTICAL COMPLETION.CBRE WERE THE SOLE AGENTS ON THE DEAL.  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

Segro launches tender offers to purchase notes for cash​
Monday, 25 Sep 2017 

Sept 25 (Reuters) - Segro Plc :ANNOUNCES TENDER OFFERS TO PURCHASE NOTES FOR CASH​.‍OFFERS WILL END AT 5:00 P.M. (LONDON TIME) ON 3 OCTOBER 2017 ( EXPIRATION DEADLINE) UNLESS EXTENDED, RE-OPENED OR TERMINATED BY COMPANY​.  Full Article

Segro posts H1 pretax profit of 397.1 mln pounds
Tuesday, 25 Jul 2017 

July 25 (Reuters) - SEGRO PLC ::INTERIM DIVIDEND UP 5 PERCENT TO 5.25 PENCEPER SHARE.H1 PRETAX PROFIT 397.1 MILLION STG VERSUS 200.7 MILLION STG YEAR AGO.IN HY, ADJUSTED EPS UP 3.2 PER CENT TO 9.7 PENCE.INTERIM DIVIDEND INCREASED BY 5.0 PER CENT TO 5.25 PENCE.IN HY, EPRA NAV PER SHARE UP 5.4 PER CENT TO 504 PENCE.IN HY 28 PER CENT INCREASE IN NEW RENT CONTRACTED IN PERIOD TO £27.5 MILLION.IN HY, 3.9 PER CENT LIKE-FOR-LIKE NET RENTAL INCOME GROWTH, INCLUDING 5.9 PER CENT IN UK AND STABLE RENTS IN CONTINENTAL EUROPE.TOTAL DEVELOPMENT CAPEX FOR FULL YEAR EXPECTED TO EXCEED £350 MILLION."PRICING LEVELS MEAN THAT, FOR TIME BEING, IT REMAINS MORE ACCRETIVE TO FOCUS OUR INVESTMENT ACTIVITY ON DEVELOPMENT RATHER THAN ACQUISITION"."CONTINUE TO EVALUATE OPPORTUNITIES TO DISPOSE OF MORE MATURE ASSETS".  Full Article

Segro announces 650 mln euros private placement debt issue
Thursday, 6 Jul 2017 

July 6 (Reuters) - Segro Plc ::Signed agreement with 13 US institutional investors for a private placement of 650 mln euros 10 year, 12 year and 15 year senior unsecured notes.Issue consists of 3 tranches: 400 mln euros at fixed coupon of 1.77 pct due 2027, 150 mln euros at fixed coupon of 2.00 pct due 2029, and 100 mln euros at fixed coupon of 2.27 pct due 2032.Proceeds will be used to refinance 2018 sterling bonds and secured debt within airport property partnership.  Full Article

Segro to redeem notes due 2018 at premium of 10 mln stg
Wednesday, 31 May 2017 

May 31 (Reuters) - Segro Plc ::Redemption of 200 mln stg 5.50 per cent notes due 2018 will be redeemed at redemption amount of 210,364,000 stg.Together with accrued interest, amount represents a premium of approximately 10 million stg above nominal value of notes.  Full Article

Property firm Segro points strong start to 2017
Wednesday, 19 Apr 2017 

April 19 (Reuters) - Segro Plc ::Trading statement.Have signed 16 million stg of new headline rent, including almost 11 stg million of pre-let agreements relating to 300,000 sq m of new projects.Secured necessary funding for our high quality development pipeline - CEO.Investor demand remains strong across our markets and this may lead to further yield compression and capital growth in HY.Vacancy rate remains low at 5.6 pct (Dec 31: 5.7 pct).32,500 sq m of speculative developments were completed in Q1.  Full Article

Segro says placed 3.7 mln shares at price of 452 p/shr
Tuesday, 28 Mar 2017 

Segro Plc :Confirms successfully procured subscribers for all of 3,691,809 new ordinary shares at a price of 452 pence per new ordinary share.  Full Article

UPDATE 1-UK Stocks-Factors to watch on April 18

April 18 Britain's FTSE 100 index is seen opening 18 points higher at 7,244 on Wednesday, according to financial bookmakers, with futures up 0.1 pct ahead of the cash market open.