SEGRO Plc (SGRO.L)
| Previous Close | 921.40 |
| Open | 916.40 |
| Bid | 919.00 x 0 |
| Ask | 919.20 x 0 |
| Day's Range | 909.80 - 920.80 |
| 52 Week Range | 675.00 - 944.80 |
| Volume | |
| Avg. Volume | 4,736,510 |
| Market Cap | 12.415B |
| Beta (5Y Monthly) | 0.75 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 0.28 (3.02%) |
| Ex-Dividend Date | Mar 14, 2024 |
| 1y Target Est | N/A |
- Reuters
UK's Segro signals improving asset value, Q1 rent roll up 21%
British warehouse developer Segro on Thursday said industrial and logistics asset values are stabilising and signalled further improvement, as it reported a near-21% growth in first-quarter rental income. Warehousing specialists have outperformed the broader UK commercial property market, at a time when landlords remain wary of falling property values and tighter credit conditions. Real estate developers like Segro, which grappled with elevated costs and interest rates last year, are optimistic about higher rents and improved valuations for their properties, amid increased hopes of monetary policy easing in the near term.
- Reuters
Warehousing firm Segro optimistic on 2024 after annual profit beat
Segro expects its property values to recover this year amid interest rate cut hopes, it said on Friday, after robust rental growth helped the British warehousing group and real estate investment trust beat 2023 profit forecasts. Real estate investment trusts (REITs) such as Segro, which grappled with increased costs and elevated interest rates last year, are optimistic about higher rents and improved valuations for properties amid near-term prospects of monetary policy easing. "Market expectations for lower interest rates, if sustained, provide a positive backdrop for a recovery of investment market sentiment as the year progresses," CEO David Sleath said.
