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Prices & Quotes - UK Markets - SEGRO (SGRO)

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Share Price:
Up 1,081.50p
Change Today:
4.50p
Market Cap:
12,980m
Sector:
Real Estate Investment Trusts

Segro reports good start to 2021

By Sean Farrell

Date: Thursday 22 Apr 2021

LONDON (ShareCast) - (Sharecast News) - Segro said it made a good start to 2021 and that it had signed 18m of new rents in the first quarter.
The warehouse operator said the first quarter's headline rent signings compared with 14.3m a year earlier. The vacancy rate edged up to 4.4% from 3.9% at the end of December, mainly because Segro took back space for refurbishment.

Customer retention stayed high at 82%, Segro said. The FTSE 100 group said pre-let agreements and lettings before developments were completed rose to 11.3m from 5.7m a year earlier. Segro said it had 87m of potential new rent from 1.3m sq ft of space under construction or in advanced discussions.

Segro has performed well during the Covid-19 crisis as companies have sought more warehouse space to serve customers switching to shopping online. The company raised 650m in June to expand in the UK and Europe.

David Sleath, Segro's chief executive, said: "2021 has started well for Segro, with our ongoing active asset management strategy and continued strong occupier demand enabling us to sign 18m of new headline rent. "Our sector continues to benefit from highly supportive and structural tailwinds and we therefore remain confident in the outlook for the business as well as our ability to drive further sustainable growth in rental income, earnings and dividends over the coming years."

Segro shares rose 0.5% to 999.20p at 08:10 BST.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

SEGRO Market Data

Currency UK Pounds
Price 1,081.50p
Change Today 4.50p
52 Week High 1,086.50p
52 Week Low 853.20p
Volume 975,352
Shares Issued 1,200.17m
Market Cap 12,980m

Performance Indicators

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What The Brokers Say

Strong Buy 8
Buy 2
Neutral 6
Sell 0
Strong Sell 1
Total 17
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SEGRO Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Mar-21 13-Aug-20
Paid 04-May-21 24-Sep-20
Amount 15.20p 6.90p

Trades for 11-Jun-2021

Time Volume / Share Price
16:37 1,039 @ 1,081.50p
16:37 2,350 @ 1,081.50p
16:37 19,244 @ 1,081.50p
16:37 8,018 @ 1,081.50p
16:37 1,545 @ 1,081.50p

SEGRO Key Personnel

CEO David J R Sleath
COO Andy Gulliford
Chair Gerald Corbett
CFO Soumen Das