Segro plc (REIT) (GB:SGRO) has released an update.
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SEGRO plc has reported a robust performance in the first half of 2024, with a notable £48 million in new rent commitments and a 7% rise in net rental income to £306 million. The company has seen its UK valuations increase for the first time since 2022, reflecting a stabilizing market, and is well-positioned for future growth with a strong balance sheet following a £907 million equity placing. With an interim dividend rising by 4.6% and a focus on supply-constrained European markets, SEGRO is poised to continue delivering attractive returns to shareholders.
For further insights into GB:SGRO stock, check out TipRanks’ Stock Analysis page.
