Segro Share Price (SGRO)

.wealthoracle.co.uk/companies/SGRO

SEGRO posted FY25 numbers this morning showing solid performance, record leasing activity, resilient earnings growth which allowed for more disciplined capital allocation. The Group secured a record £99m of new headline rent in 2025 (vs £91m in 2024), driven by £66m from asset management initiatives within the standing portfolio and £33m from development signings, including £26m of pre-lets. Like-for-like net rental income increased 6.0%, supported by strong rent review uplifts (36% Group; 46% UK). Occupancy improved to 94.9% (from 94.0%) and customer retention rose to 82%, demonstrating robust demand for prime, well-located space. ERV growth moderated to 2.3% Group-wide (UK 3.1%, Continental Europe 1.0%) but remains positive despite a softer macro backdrop. This fed through to solid adjusted pre-tax profit growth which was up 8.3% to £509m, while adjusted EPS increased 6.1% to 36.6p. The full-year dividend grew 6.1% to 31.1p, maintaining SEGRO’s track record of compounding income growth. Adjusted NAV per share increased 2.0% to 925p, with portfolio valuation up 1.0% on a like-for-like basis, reflecting stabilising investment markets and modest yield expansion (net true equivalent yield 5.5%). These are another set of decent numbers and the outlook also appears to be pretty solid. SEGRO enters 2026 with significant embedded income potential: £152m of additional rent from the standing portfolio (£99m reversionary uplift, £53m from vacancy lease-up). And the development pipeline under construction or advanced negotiation represents £62m of potential rent at an attractive 7.1% yield, 55% pre-let. Management believe the Group’s standout long-term...

.wealthoracle.co.uk/companies/SGRO

The Bank of England chairman has confirmed that rates will not be rising

Mcap £9Billion+Debt £5 = £14bilion

Revenue is only £725 Million

Which works out at 5% thats before any costs, with rates possibly rising you will be able to get bonds for that, need to see more pipleline turned in to income. £6.20 is reasonable

In accordance with long established convention, as a result of the truly excellent results, the share price was “marked down” by thoughtful market makers to enable those in the know to be able to top up at bargain prices. Hopefully, we all took advantage of this kind offer - buying at 792p, before the price was finally set at its correct level of about 805p

6% increase in both adjusted earnings and dividends. The company achieved a record £99 million in new contracted rent commitments.

CEO very bullish on Today just now about pipeline of data centres