SEGRO Reports Strong Start to 2025 with Data Center Expansion

Segro plc (REIT) ( (GB:SGRO) ) has provided an update.

SEGRO plc reported a strong start to 2025, driven by robust performance from its existing portfolio and growth in its development pipeline. The company announced a £1 billion joint venture to develop its first fully fitted data center in West London, marking a significant step in its data center strategy. SEGRO continues to benefit from long-term demand for modern warehouses and data centers, with limited supply in its key markets. The company achieved a £13 million increase in headline rent, with high customer retention and stable occupancy rates. SEGRO’s balance sheet remains strong, with a low loan-to-value ratio and significant liquidity to support further growth opportunities.

Spark’s Take on GB:SGRO Stock

According to Spark, TipRanks’ AI Analyst, GB:SGRO is a Outperform.

Segro plc’s overall score reflects its stable financial footing and strategic growth initiatives. Strengths in balance sheet and cash flow generation are complemented by positive corporate events, highlighting confidence in the company’s future. However, mixed technical indicators suggest potential short-term caution.

To see Spark’s full report on GB:SGRO stock, click here.

More about Segro plc (REIT)

SEGRO plc is a UK Real Estate Investment Trust (REIT) listed on the London Stock Exchange and Euronext Paris. It is a leading owner, manager, and developer of modern warehouses and industrial properties, with a portfolio spanning 10.3 million square meters valued at £20.3 billion. SEGRO’s properties are strategically located in major cities and key transportation hubs across the UK and seven other European countries, serving a diverse range of industry sectors. The company is committed to societal and environmental responsibility, focusing on low-carbon growth, community investment, and talent nurturing.

YTD Price Performance: 1.61%

Average Trading Volume: 3,841,547

Technical Sentiment Signal: Buy

Current Market Cap: £9.36B

See more insights into SGRO stock on TipRanks’ Stock Analysis page.