Our latest Investing Matters Podcast episode with QuotedData's Edward Marten has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSegro Regulatory News (SGRO)

Share Price Information for Segro (SGRO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 903.80
Bid: 902.60
Ask: 903.20
Change: 11.80 (1.32%)
Spread: 0.60 (0.066%)
Open: 901.80
High: 904.00
Low: 890.00
Prev. Close: 892.00
SGRO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Statement re Update on Rent Collection

15 Jan 2021 07:00

 

UPDATE ON RENT COLLECTION

SEGRO plc (“SEGRO” or the “Group”) today updates the market on its continued strong rent collection for the full year to 31 December 2020 and the first quarter of 2021.

For the year ending 31 December 2020, to date we have collected 98 per cent of all rents.

In respect of UK rents payable in advance relating to the first quarter of 2021, as at 14 January, we had received 88 per cent of the £63 million of rent due. This represents a higher collection level than at the equivalent time in each of the three previous quarters.

We expect the substantial balance of outstanding rents to be paid by the end of the quarter with the majority now due to be paid monthly.

Rental collection update1 (as at 14 January 2021)

 

 

FY 2020

Q1 20212

 

 

UK

CE

Group

UK

Paid

%

97

98

983

88

Deferrals (including payment plans)

 

%

2

0

1

8

Outstanding

%

1

2

1

4

Total

%

100

100

100

100

Total rent billed

£m

245

172

417

63

1 Based on exchange rate of €1.12:£12 Rents in our Continental European portfolio are typically paid monthly so we are still early in the collection cycle3 The Q2-Q4 2020 collection rate for the Group is currently 97%, excluding Q1 2020 (when rent collection was not affected by Covid-19).

CONTACT DETAILS FOR INVESTOR / ANALYST AND MEDIA ENQUIRIES:

SEGRO

Soumen Das (Chief Financial Officer)

Tel: +44 (0) 20 7451 9110

Claire Mogford (Head of Investor Relations)

Tel: +44 (0) 20 7451 9048

Lizzie Humphreys (External Communications Manager)

Tel: +44 (0) 20 7451 9129

FTI Consulting

Richard Sunderland / Claire Turvey / Eve Kirmatzis

Tel: +44 (0) 20 3727 1000

Notes to editors:

ABOUT SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and is a leading owner, manager and developer of modern warehouses and industrial property. It owns or manages 8.1 million square metres of space (88 million square feet) valued at £13.3 billion serving customers from a wide range of industry sectors. Its properties are located in and around major cities and at key transportation hubs in the UK and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables extraordinary things to happen. From modern big box warehouses, used primarily for regional, national and international distribution hubs, to urban warehousing located close to major population centres and business districts, it provides high-quality assets that allow its customers to thrive.

See www.SEGRO.com for further information.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210114005947/en/

Copyright Business Wire 2021

Date   Source Headline
28th Apr 20223:51 pmBUSScrip Dividend Scheme – Application for Listing
26th Apr 20222:51 pmBUSHolding(s) in Company
21st Apr 202212:54 pmBUSResult of AGM
21st Apr 20227:00 amBUSSEGRO plc Trading Update
25th Mar 20222:00 pmBUSHolding(s) in Company
24th Mar 20221:30 pmBUSScrip Dividend Scheme – Scrip Calculation Price
23rd Mar 20221:00 pmBUSHolding(s) in Company
22nd Mar 202211:13 amBUSPublication of Final Terms
17th Mar 20222:00 pmRNSHolding(s) in Company
17th Mar 20227:00 amBUSSEGRO Prices €1.15 Billion of Green Bonds
15th Mar 20221:00 pmBUSHolding(s) in Company
8th Mar 20224:30 pmBUSHolding(s) in Company
3rd Mar 202212:56 pmBUSPUBLICATION OF PROSPECTUS
3rd Mar 202210:00 amBUSAnnual Financial Report
1st Mar 20223:00 pmBUSBlock listing Interim Review
28th Feb 20223:00 pmBUSTotal Voting Rights
24th Feb 20223:30 pmBUSHolding(s) in Company
21st Feb 20225:39 pmBUSConfirmation of 2021 Full Year Dividend Timetable
18th Feb 20224:18 pmBUSHolding(s) in Company
18th Feb 20227:00 amBUSResults for the Year Ended 31 December 2021
11th Feb 20222:30 pmBUSHolding(s) in Company
7th Jan 20229:00 amBUSDirectorate change
23rd Dec 20212:07 pmBUSSegro Buys Slough Office Portfolio to Meet Increased and Changing Occupier Requirements
30th Nov 20212:30 pmBUSTotal Voting Rights
30th Nov 202112:30 pmBUSDirector/PDMR Shareholding
20th Oct 20217:00 amBUSTrading Update
21st Sep 202111:30 amBUSHolding(s) in Company
21st Sep 202111:00 amBUSScrip Dividend Scheme – Application for Listing
20th Sep 20213:47 pmBUSPublication of Prospectus
16th Sep 20217:00 amBUSSEGRO Prices €500 Million Inaugural Green Euro Bond
1st Sep 20213:00 pmBUSBlock listing Interim Review
1st Sep 20219:45 amBUSDirector Declaration
31st Aug 202112:00 pmBUSTotal Voting Rights
19th Aug 20211:00 pmBUSScrip Dividend Scheme – Scrip Calculation Price
17th Aug 20213:50 pmBUSHolding(s) in Company
30th Jul 20212:30 pmBUSTotal Voting Rights
29th Jul 20217:00 amBUSResults for the Six Months Ended 30 June 2021
16th Jul 20217:00 amBUSSEGRO sells portfolio of warehouses in Italy
30th Jun 20213:15 pmBUSTotal Voting Rights
29th Jun 20212:30 pmBUSDirector/PDMR Shareholding
28th Jun 202112:00 pmBUSHolding(s) in Company
16th Jun 20213:26 pmBUSBoard Committee Memberships
7th Jun 20213:00 pmBUSCompany Secretary Change
3rd Jun 20213:00 pmBUSDirector/PDMR Shareholding
28th May 20212:00 pmBUSTotal Voting Rights
27th May 20212:30 pmBUSHolding(s) in Company
21st May 20217:00 amBUSSELP Joint Venture Prices €500 Million 0.875 Per Cent Unsecured Green Bond Issue
17th May 202111:00 amRNSSEGRO PUBLISHES ITS GREEN FINANCE FRAMEWORK
13th May 20212:00 pmBUSDirector/PDMR Shareholding
6th May 20212:00 pmBUSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.