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SEGRO PLC (SGRO.L)

SGRO.L on London Stock Exchange

965.00GBp
18 Sep 2020
Change (% chg)

0.20 (+0.02%)
Prev Close
964.80
Open
965.60
Day's High
968.60
Day's Low
952.20
Volume
5,115,832
Avg. Vol
2,835,329
52-wk High
996.60
52-wk Low
641.80

Latest Key Developments (Source: Significant Developments)

Segro H1 Pretax Profit Falls
Wednesday, 5 Aug 2020 

Aug 5 (Reuters) - SEGRO PLC ::H1 PRETAX PROFIT 220.9 MILLION STG VERSUS 410.8 MILLION STG YEAR AGO.SEGRO - HY ADJUSTED PRE-TAX PROFIT OF £140.4 MILLION UP 6.5 PER CENT COMPARED WITH PRIOR YEAR (H1 2019: £131.8 MILLION).SEGRO - HY VACANCY RATE REMAINS LOW AT 5.2 PER CENT (31 DECEMBER 2019: 4.0 PER CENT).SEGRO SAYS INTERIM DIVIDEND INCREASED BY 9.5 PER CENT TO 6.9 PENCE (2019 INTERIM DIVIDEND: 6.3 PENCE).NEAR-TERM' PRE-LET PROJECTS ARE EXPECTED TO COMMENCE IN COMING MONTHS, WITH POTENTIAL CAPEX OF £311 MILLION AND £33 MILLION OF ASSOCIATED RENT.HY LIKE-FOR-LIKE NET RENTAL INCOME GROWTH WAS 2.0 PER CENT (UK: 2.9 PER CENT; CONTINENTAL EUROPE: 0.5 PER CENT).CONTINUE TO DRIVE SUSTAINABLE EARNINGS AND DIVIDEND GROWTH IN YEARS AHEAD.  Full Article

SEGRO Says As At July 7, Received 93% Of 37 Mln Stg Of Rent Due On UK Qtrly Payment Date
Wednesday, 8 Jul 2020 

July 8 (Reuters) - SEGRO PLC ::AS AT 7 JULY 2020, WE HAD RECEIVED 93 PER CENT OF £37 MILLION OF RENT WHICH WAS DUE ON UK QUARTERLY PAYMENT DATE.WE CONTINUE TO WORK PROACTIVELY AND CONSTRUCTIVELY TO SUPPORT CUSTOMERS IMPACTED BY COVID-19 PANDEMIC.AS AT 30 JUNE 2020, 98 PER CENT OF £88 MILLION RENT DUE HAS BEEN PAID AFTER ADJUSTING FOR RE-PROFILED RENT AGREED WITH CUSTOMERS.  Full Article

Segro Says Decided To Increase Size Of Raise From About £650 Mln To £680 Mln
Wednesday, 10 Jun 2020 

June 10 (Reuters) - SEGRO PLC ::SEGRO PLC - RESULTS OF PLACING.SEGRO - SUCCESSFUL PRICING OF NON-PRE-EMPTIVE PLACING OF NEW ORDINARY SHARES OF 10 PENCE EACH IN CAPITAL OF COMPANY.SEGRO - DECIDED TO INCREASE SIZE OF RAISE FROM APPROXIMATELY £650 MILLION TO £680 MILLION..SEGRO - BOARD HAS DECIDED TO INCREASE SIZE OF RAISE FROM APPROXIMATELY £650 MILLION TO £680 MILLION.  Full Article

Segro Announces Retail Offer Via Primarybid Of New Ordinary Share Of 10 Pence Each
Tuesday, 9 Jun 2020 

June 9 (Reuters) - SEGRO PLC ::SEGRO - ANNOUNCES A RETAIL OFFER VIA PRIMARYBID OF NEW ORDINARY SHARE OF 10 PENCE EACH IN CAPITAL.  Full Article

SEGRO Says Seeking To Raise About £650 Mln Of Gross Proceeds Via A Placing
Tuesday, 9 Jun 2020 

June 9 (Reuters) - SEGRO PLC ::SEGRO - SEEKING TO RAISE APPROXIMATELY £650 MILLION OF GROSS PROCEEDS VIA A PLACING..SEGRO - NEW LETTINGS AND PRE-LET DEVELOPMENT AGREEMENTS ACROSS GROUP ARE TRACKING AHEAD OF PRE-CRISIS EXPECTATIONS.SEGRO - £20.9 MILLION OF HEADLINE RENT HAS BEEN CONTRACTED IN FIVE MONTHS TO 31 MAY 2020.SEGRO - UNCHANGED DIVIDEND POLICY.SEGRO - SEGRO WILL CONTINUE TO TARGET A PAYOUT RATIO OF 85 TO 95 PER CENT OF ADJUSTED PROFIT AFTER TAX.SEGRO - WILL CONTINUE TO TARGET A PAYOUT RATIO OF 85 TO 95 PER CENT OF ADJUSTED PROFIT AFTER TAX.SEGRO - NONE OF SEGRO WORKFORCE HAS BEEN FURLOUGHED AND COMPANY HAS NOT TAKEN ANY GOVERNMENT SUPPORT.SEGRO - CURRENTLY BUILDING, OR HAS IDENTIFIED, DEVELOPMENT PROJECTS WHICH REQUIRE CAPITAL EXPENDITURE OF £595 MILLION TO COMPLETE.SEGRO - TAKEBACKS SO FAR THIS YEAR ARE SLIGHTLY ABOVE NORMAL ANNUALISED RUN RATE AT £6.6 MILLION.SEGRO - ALL SITES ARE NOW OPERATIONAL AND ARE EXPECTED TO COMPLETE WITHIN 1-2 MONTHS OF ORIGINAL COMPLETION DATE.SEGRO - AT 31 MAY 2020, SEGRO HAD A NEAR-TERM PIPELINE OF FURTHER PRE-LET DEVELOPMENT PROJECTS, EQUATING TO £33 MILLION OF ADDITIONAL RENT.SEGRO - AS AT 31 MAY 2020, SEGRO HAD A FURTHER £62 MILLION OF LAND ACQUISITIONS EXCHANGED.SEGRO - AT 31 MAY 2020, GROUP GROSS DEBT, INCLUDING SEGRO'S SHARE OF DEBT WITHIN JOINT VENTURES, WAS £3,035 MILLION.  Full Article

Segro To Proceed With Payment Of Final Dividend
Thursday, 2 Apr 2020 

April 2 (Reuters) - SEGRO PLC ::SEGRO PLC - STATEMENT ON COVID-19.SEGRO - CONCLUDED THAT IT IS APPROPRIATE TO PROCEED WITH PAYMENT OF FINAL DIVIDEND OF 14.4 PENCE PER SHARE ON 1 MAY 2020.SEGRO - INEVITABLE THAT THERE WILL BE SOME NEGATIVE EFFECTS ON EARNINGS IN SHORT TERM,.SEGRO - STRUCTURAL TRENDS THAT HAVE BEEN DRIVING OCCUPIER DEMAND FOR HIGH-QUALITY, WELL LOCATED WAREHOUSE SPACE WILL REMAIN INTACT.SEGRO - WELL PLACED TO WEATHER STORM CAUSED BY COVID-19 PANDEMIC.SEGRO - CASH AND UNDRAWN FACILITIES OF £1.2 BILLION AS AT 31 MARCH 2020..  Full Article

Segro Reports 10.8% Rise In 2019 Adjusted Pre-Tax Profit
Friday, 14 Feb 2020 

Feb 14 (Reuters) - SEGRO PLC ::SEGRO PLC - SEGRO RESULTS FOR THE YEAR ENDED 31 DECEMBER 2019.SEGRO PLC - FY ADJUSTED PRE-TAX PROFIT, UP 10.8 PER CENT.SEGRO PLC - 2019 FULL YEAR DIVIDEND INCREASED BY 10.1 PER CENT TO 20.7 PENCE.SEGRO PLC - FINAL DIVIDEND INCREASED BY 8.7 PER CENT TO 14.4 PENCE (2018: 13.25 PENCE).SEGRO PLC - FY 4.7 PER CENT LIKE-FOR-LIKE NET RENTAL INCOME GROWTH (5.7 PER CENT IN UK, 3.1 PERCENT IN CONTINENTAL EUROPE).SEGRO PLC - TOTAL DEVELOPMENT CAPEX FOR 2020, INCLUDING INFRASTRUCTURE AND LAND ACQUISITIONS, EXPECTED TO EXCEED £600 MILLION.SEGRO PLC - FY ADJUSTED PRETAX PROFIT 267.5 MILLION STG VERSUS 241.5 MILLION STG AS REPORTED A YEAR EARLIER.SEGRO PLC - FY IFRS PROFIT BEFORE TAX 902.0 MILLION STG VERSUS 1,099.1 MILLION STG.SEGRO- FUTURE EARNINGS PROSPECTS UNDERPINNED BY 1.2 MILLION SQ M OF DEVELOPMENT PROJECTS UNDER CONSTRUCTION/IN ADVANCED PRE-LET DISCUSSIONS.  Full Article

SEGRO Plc Announces Sale Of £241 Mln Of UK Big Box Warehouses
Tuesday, 10 Dec 2019 

Dec 10 (Reuters) - SEGRO PLC ::SEGRO PLC - SEGRO TO SELL £241M OF UK BIG BOX WAREHOUSES.SEGRO PLC - SEGRO EXCHANGES CONTRACTS TO SELL £241 MILLION OF STAND-ALONE UK BIG BOX WAREHOUSES.SEGRO PLC - TRANSACTION IS EXPECTED TO COMPLETE BY END OF YEAR.  Full Article

Segro Q3 Signed Contracts Worth 15.3 Mln Stg Vs 12.6 Mln Stg
Wednesday, 16 Oct 2019 

Oct 16 (Reuters) - SEGRO PLC ::TRADING UPDATE.CONTINUED TO SECURE HIGH LEVELS OF NEW RENTAL INCOME BOTH FROM EXISTING PORTFOLIO AND FROM ACTIVE DEVELOPMENT PROGRAMME.HAVE OVER 1 MILLION SQ M OF NEW SPACE UNDER CONSTRUCTION OR IN ADVANCED DISCUSSIONS.DURING PERIOD ALSO ADDED FURTHER LAND AND ASSETS IN OUR CORE URBAN MARKETS, INCLUDING IN LONDON AND PARIS TO SUPPORT FURTHER GROWTH.SEGRO PLC SAYS "HEAD INTO FINAL PART OF YEAR WITH CONFIDENCE".SIGNED CONTRACTS WORTH £15.3 MILLION (Q3 2018: £12.6 MILLION) DURING PERIOD.RENT ROLL GROWTH FROM EXISTING SPACE, NET OF TAKE-BACKS WAS £2.1 MILLION (Q3 2018: £5.5 MILLION) DURING PERIOD.YTD COMPLETED 765,900 SQ M (9M 2018: 502,200 SQ M) OF NEW DEVELOPMENTS, CAPABLE OF GENERATING £33.7 MILLION (9M 2018: £29.7 MILLION) OF HEADLINE RENT.DEVELOPMENTS CAPABLE OF GENERATING £15.1 MILLION OF HEADLINE RENT ARE EXPECTED TO COMPLETE IN Q4, £12.7 MILLION OF WHICH HAS BEEN SECURED.VACANCY RATE FOR PERIOD WAS STABLE AT 4.9 PER CENT (30 JUNE 2019: 4.8 PER CENT).RENT ROLL GROWTH FROM EXISTING SPACE, NET OF TAKE-BACKS NINE-MONTH AT £10.6 MILLION (9M 2018: £6.9 MILLION).NEW HEADLINE RENT TOTAL FOR NINE MONTHS TO 30 SEPTEMBER 2019 AT £48.6 MILLION (9M 2018: £52.0 MILLION).YTD 2019 HAVE DISPOSED OF £122 MILLION OF ASSETS AND LAND (9M 2018: £192 MILLION).  Full Article

Segro Says SELP JV Prices 500 Mln Euro 1.5% Unsecured Bond Issue
Thursday, 13 Jun 2019 

June 13 (Reuters) - SEGRO PLC ::SEGRO PLC - SELP JV PRICES EUR 500M 1.5% UNSECURED BOND ISSUE.SEGRO PLC - SELP JV PRICES EUR 500M 1.5% UNSECURED BOND ISSUE.SEGRO PLC - PROCEEDS OF ISSUE WILL PRINCIPALLY BE USED TO REFINANCE EXISTING BANK BORROWINGS.SEGRO PLC - BONDS WERE PRICED AT 150 BASIS POINTS ABOVE EURO MID-SWAPS AND HAVE AN ANNUAL COUPON OF 1.5 PER CENT.  Full Article

BRIEF-SEGRO Says As At July 7, Received 93% Of 37 Mln Stg Of Rent Due On UK Qtrly Payment Date

* AS AT 7 JULY 2020, WE HAD RECEIVED 93 PER CENT OF £37 MILLION OF RENT WHICH WAS DUE ON UK QUARTERLY PAYMENT DATE