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The latest update is out from Segro plc (REIT) ( (GB:SGRO) ).
SEGRO plc reported a 5.5% growth in earnings and dividends per share for 2024, driven by strong leasing activity and asset management, including a record 43% rental uplift from UK rent reviews. The company achieved a £91 million new headline rent and increased its net rental income by 7%, with a focus on data centre development, securing a significant pipeline in European core Availability Zones. SEGRO also improved its financial position with reduced debt costs, enhancing its capacity for future growth.
More about Segro plc (REIT)
SEGRO plc is a Real Estate Investment Trust (REIT) that operates in the logistics and industrial property sector. The company is known for its high-quality, urban-weighted portfolio and focuses on creating data centres and development-led growth opportunities primarily in Europe’s largest cities and logistics hubs.
YTD Price Performance: 1.34%
Average Trading Volume: 3,446,136
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £9.61B
See more insights into SGRO stock on TipRanks’ Stock Analysis page.
