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SEGRO PLC (SGRO.L)

SGRO.L on London Stock Exchange

670.00GBp
18 Apr 2019
Change (% chg)

-1.80 (-0.27%)
Prev Close
671.80
Open
674.80
Day's High
676.60
Day's Low
667.60
Volume
1,344,837
Avg. Vol
2,442,611
52-wk High
691.00
52-wk Low
577.60

Latest Key Developments (Source: Significant Developments)

Segro Says Placing Raised Gross Proceeds Of About £451 Mln
Friday, 15 Feb 2019 

Feb 15 (Reuters) - SEGRO PLC ::RESULTS OF PLACING.PLACING RAISED GROSS PROCEEDS OF APPROXIMATELY £451 MILLION FOR COMPANY.TOTAL OF 71 MILLION NEW SHARES PLACED BY MERRILL LYNCH INTERNATIONAL & UBS AG LONDON BRANCH AT A PRICE OF 635.0 PENCE.PLACING SHARES BEING ISSUED REPRESENT APPROXIMATELY 7.0 PER CENT OF ISSUED ORDINARY SHARE CAPITAL OF SEGRO.  Full Article

Segro ABB Bookrunner Says Orders Below 635p Risk Missing
Friday, 15 Feb 2019 

Feb 15 (Reuters) - SEGRO PLC ABB Bookrunner::BLOCK TRADE: SEGRO PLC ABB BOOKRUNNER- ORDERS BELOW GBP 635 RISK MISSING. BOOKS EXPECTED TO CLOSE AT 11.00AM UKT.  Full Article

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

UPDATE 1-Warehouser Segro raises 450 mln pounds from new shares, flags no-deal Brexit risks

Feb 15 Warehousing specialist Segro Plc announced the issue of shares to raise about 450 million pounds ($576.45 million) for investment in a pipeline of UK and European projects on Friday, as it unveiled higher profits and revenue for 2018.