SEGRO reports half year results showing earnings and dividend growth
The firm recorded seven percent rental income growth, boosted adjusted pre-tax profits to £252 million, and increased the interim dividend by six percent.
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Developer and manager of industrial and logistics properties
segro.comLast updated
In short: SEGRO agreed to a £14 billion takeover bid from U.S. logistics firm Prologis after previously rebuffing multiple offers.
The firm recorded seven percent rental income growth, boosted adjusted pre-tax profits to £252 million, and increased the interim dividend by six percent.
The firm contracted £23 million in new rent, sustained high tenant retention, and successfully refinanced its near-term bond maturities using existing cash reserves.
The results include 5.3% like-for-like net rental income growth and 6.6% earnings per share increase. Pre-tax profit rose 6.3% to £268 million.
The awards recognize transformative developments and exceptional ESG impact, and SEGRO was also shortlisted for Social Impact Initiative.
Morgan Stanley has acquired a notifiable interest in SEGRO PLC, now holding a total of 5.119430% of the voting rights, comprising 5.118820% directly attached to...
The bank cut Segro to hold and set fair value at 995 pence, saying the part-cash, part-shares deal leaves limited room above the bid terms.
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The Vanguard Group, Inc. discloses a 5.67% interest in SEGRO plc with 76,760,277 securities owned. Purchases made at 9.67-9.69 GBP per unit on 25 August...
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