Segro PLC - London-based, industrial property investor - Says 2022 had a strong start as provides a trading update for January 1 to Wednesday. Business sees "continued demand from a broad range of customers enabling us to capture further rental growth through rent reviews and the re-letting of space," explains Chief Executive David Sleath. Says the industrial sector continues to benefit from supportive and long-term structural tailwinds. "We are alert to ongoing geopolitical and macro-economic risks but remain confident in the outlook for our business in 2022 and beyond," says Sleath.
There are no direct effects of the war in Ukraine on its business, Segro says; however the war has added to construction supply chain and inflationary pressures.
Segro will publish its interim results on July 28.
Current stock price: 1,392.00 pence, up 1.9% on Thursday
12-month change: up 41%
By Tom Budszus; tombudszus@alliancenews.com
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Segro (SGRO)