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SEGRO PLC (SGRO.L)

SGRO.L on London Stock Exchange

488.00GBp
23 May 2017
Change (% chg)

-2.40 (-0.49%)
Prev Close
490.40
Open
491.40
Day's High
492.70
Day's Low
486.50
Volume
2,200,908
Avg. Vol
2,255,359
52-wk High
501.50
52-wk Low
316.83

Latest Key Developments (Source: Significant Developments)

Property firm Segro points strong start to 2017
Wednesday, 19 Apr 2017 02:00am EDT 

April 19 (Reuters) - Segro Plc ::Trading statement.Have signed 16 million stg of new headline rent, including almost 11 stg million of pre-let agreements relating to 300,000 sq m of new projects.Secured necessary funding for our high quality development pipeline - CEO.Investor demand remains strong across our markets and this may lead to further yield compression and capital growth in HY.Vacancy rate remains low at 5.6 pct (Dec 31: 5.7 pct).32,500 sq m of speculative developments were completed in Q1.  Full Article

Segro says placed 3.7 mln shares at price of 452 p/shr
Tuesday, 28 Mar 2017 05:22am EDT 

Segro Plc :Confirms successfully procured subscribers for all of 3,691,809 new ordinary shares at a price of 452 pence per new ordinary share.  Full Article

Bookrunner says Segro books are covered on the rump
Tuesday, 28 Mar 2017 04:41am EDT 

Bookrunner: Segro Plc: Books are covered on the rump and expected to close at short notice - bookrunner Further company coverage: [SGRO.L] ((bangalore.newsroom@thomsonreuters.com)).  Full Article

BRIEF-Bookrunner says books for Segro rump placing are open now
Tuesday, 28 Mar 2017 04:36am EDT 

Bookrunner: Segro: Books for rump placing are open now and expected to close at short notice - Bookrunner Further company coverage: [SGRO.L] ((Bangalore.newsroom@thomsonreuters.com)) Keywords: (REPEAT).  Full Article

Bookrunner says books for Segro rump placing are open now and expected to close at short notice
Tuesday, 28 Mar 2017 02:00am EDT 

Bookrunner: Segro: Books for rump placing are open now and expected to close at short notice - Bookrunner Further company coverage: [SGRO.L] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Segro Plc buys 50 pct interest in Airport Property Partnership JV
Friday, 10 Mar 2017 02:07am EST 

Segro Plc : Acquired the 50 per cent interest in the Airport Property Partnership joint venture . Deal for GBP 365 million . Acquired the 50 per cent interest for GBP 365 million .Deal funded with a combination of GBP 216 million of cash and the disposal of GBP 149 million of assets to Aviva Group entities.  Full Article

Segro says FY pretax profit falls to 426.4 mln stg
Friday, 17 Feb 2017 02:00am EST 

Segro Plc : Says results for year ended Dec.31 2016 . Final dividend up 5.7 percent to 11.2 pence per share . Total dividend 16.4 pence per share . FY pretax profit 426.4 million stg versus 686.5 million stg year ago . Says adjusted EPS up 7.1 per cent to 19.7 pence (2015: 18.4 pence) . Says adjusted EPS underpinned by a 4.0 per cent increase in like-for-like net rental income, low vacancy rate at 5.7 per cent . Says IFRS EPS of 53.9 pence (2015: 91.7 pence), reflects continued capital growth but at a slower rate. . Says EPRA NAV per share up 8.0 per cent to 500 pence, driven by a 4.8 per cent like-for-like increase in value of portfolio . Says future earnings prospects underpinned by largely de-risked development programme . Says final dividend increased by 5.7 per cent to 11.2 pence (2015 final dividend: 10.6 pence). . Says we have had a record year for development completions, delivering 422,000 sq m of new warehouse space, of which 80 per cent is now let - CEO . Says business is well positioned, notwithstanding current degree of political and economic uncertainty - CEO . Says 4.0 per cent like-for-like growth in net rental income, including 6.0 per cent growth in UK and a 0.7 per cent fall in continental Europe . Says 45 million stg of new rent contracted (14 per cent ahead of prior year) including 23 mln stg from new development pre-let agreements and lettings.  Full Article

Segro says Soumen Das to join as CFO on Jan.16
Wednesday, 16 Nov 2016 02:00am EST 

Segro Plc : Soumen Das to join segro as cfo on 16 January 2017 .Das will succeed Justin Read who is retiring on 31 December 2016.  Full Article

Segro raises 325 mln stg via share placing
Friday, 2 Sep 2016 07:54am EDT 

Segro Plc : Results of placing . Total of 74.8 mln new ordinary shares in company have been placed by Merrill Lynch International and UBS Limited . Says price of 435 pence per placing share, raising total gross proceeds of approximately 325 mln stg for company . Placing shares being issued represent approximately 9.9 per cent of issued ordinary share capital of Segro .BofA Merrill Lynch and UBS are acting as joint bookrunners and corporate brokers in respect of placing.  Full Article

Orders below 435p risk missing trade on Segro's fundraising- bookrunnner
Friday, 2 Sep 2016 05:08am EDT 

Segro Plc : Orders below 435p risk missing trade on fundraising, books will close at 10.15am UKT - bookrunner Further company coverage: [SGRO.L] (Bengaluru Newsroom: +91 80 6749 1136).  Full Article

More From Around the Web

BRIEF-Property firm Segro points strong start to 2017

* Have signed 16 million stg of new headline rent, including almost 11 stg million of pre-let agreements relating to 300,000 sq m of new projects