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    SGRO   GB00B5ZN1N88

SEGRO PLC

(SGRO)
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Delayed Quote. Delayed London Stock Exchange - 05/20 11:35:13 am
1116.5 GBX   +2.53%
05/13SEGRO PLC : Crossing thresholds
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04/27RBC Slashes Segro PT, Keeps Sector Perform Rating
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SEGRO plc Buys Slough Office Portfolio to Meet Increased and Changing Occupier Requirements

12/23/2021 | 09:07am EDT

SEGRO plc acquired portfolio of offices on the Bath Road, Slough, from clients of AEW for £425 million. The portfolio represents 89,000 sq m of built space spread across 39 acres of land with a passing rent of £20 million, reflecting a net initial yield of 4.6 per cent. SEGRO previously developed the office portfolio and sold it as part of its strategy to dispose of non-core assets, with the proceeds reinvested into the Group’s highly profitable development pipeline. Since January 2016, when the office portfolio was sold, the Slough Trading Estate has delivered capital value growth of 59 per cent and was valued at £2.2 billion as of June 2021. The ageing nature and relatively short lease terms of some of the offices means that this acquisition will enhance SEGRO’s ability to satisfy growing customer demand for data centres, creative industries, life science occupiers and other potential users of industrial space in Slough.


© S&P Capital IQ 2021
All news about SEGRO PLC
05/13SEGRO PLC : Crossing thresholds
CO
05/06PUMP / DUMP #30 : The week's gainers and losers
04/27RBC Slashes Segro PT, Keeps Sector Perform Rating
MT
04/26SEGRO PLC : Crossing thresholds
CO
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Financials
Sales 2022 527 M 657 M 657 M
Net income 2022 2 275 M 2 836 M 2 836 M
Net Debt 2022 4 132 M 5 150 M 5 150 M
P/E ratio 2022 5,92x
Yield 2022 2,42%
Capitalization 13 423 M 16 732 M 16 732 M
EV / Sales 2022 33,3x
EV / Sales 2023 29,0x
Nbr of Employees 385
Free-Float 99,6%
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Mean consensus OUTPERFORM
Number of Analysts 19
Last Close Price 1 116,50 GBX
Average target price 1 463,16 GBX
Spread / Average Target 31,0%
EPS Revisions
Managers and Directors
David John Rivers Sleath Chief Executive Officer & Executive Director
Soumen Das Chief Financial Officer & Executive Director
Gerald Michael Nolan Corbett Director
Andrew Harrison Chairman
James Power Director-Digital & Technology
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