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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Segro Plc | SGRO | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -4.00 | -0.55% | 717.40 | 16:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 717.60 | 709.00 | 718.60 | 717.40 | 721.40 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Top Posts |
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Posted at 27/11/2024 14:59 by philanderer Detail....On Tuesday, Morgan Stanley (NYSE:MS) resumed coverage of Segro PLC (LON:SGRO:LN) (OTC: SEGXF) shares, a UK-based real estate investment trust, assigning an Overweight rating to the company's stock with a price target of GBP10.00. The firm's analysis suggests that despite investor disappointment following Segro's first half of 2024 results, there is potential for a positive shift in the stock's valuation. Segro's estimated rental values saw an increase of 1.4% in the first half of 2024, a slowdown compared to the 6.0% growth in the full year of 2023. Nevertheless, the company's management reaffirmed its rental guidance, with urban assets expected to grow by 3-6% and big box by 2-4%. Moreover, Segro announced a decrease in its 2024 capital expenditure forecast from £600 million to £500 million, attributing the reduction to delays in securing some expected pre-lets. This adjustment in capital expenditure has given rise to perceptions of a significant softening in demand. However, Morgan Stanley's analysis indicates that, assuming stable valuation yields and a market rental growth of 3.0-3.5%, Segro's return profile is in line with historical levels that have typically led to the stock trading around its net asset value (NAV) parity. Morgan Stanley's position reflects an anticipation of a compelling risk-reward scenario for Segro, with considerable room for a re-rating of the stock. This outlook is based on the company's performance and market conditions, despite the tempered growth in rental values and the revised capital expenditure plans. investing.com |
Posted at 23/11/2024 00:38 by philanderer Detailed...SEGRO, a leading investor, developer and owner of industrial and logistics space in London, has received planning consent from London Legacy Development Corporation and London Borough of Lewisham for the development of two highly sustainable urban logistics schemes in Hackney Wick and Deptford. These developments are part of SEGRO’s pioneering approach to industrial and ultra urban logistics, designed to complement the surrounding urban character, with extensive landscape and public realm enhancements, whilst providing modern and sustainable operational space for businesses. Both schemes are strategically located in London’s Zone 2 to help enhance urban logistics in the capital, responding to the evolving needs of a 24/7 city and driving forward the decarbonisation of supply chains. SEGRO Park Hackney Wick will deliver two new urban warehouse units totalling 53,000 sq ft on a brownfield site in the heart of Wick Lane. The units have been designed to the highest sustainability standards, aesthetics and with flexibility in mind, enabling customers to fit out the space in a variety of ways to suit their unique business needs. Upon completion the scheme is expected to support 90 new jobs in the area. Meanwhile, SEGRO Park Deptford will provide 24,000 sq ft of highly sustainable warehouse space across two modern, flexible units, creating 40 new jobs in the area. The units are designed to increase energy efficiency for customers enabling a reduction of carbon footprint and adoption of electric fleet technologies. In addition, SEGRO has announced its plans to showcase its future developments and urban logistics innovations at the upcoming UKREiiF event (The UK’s Real Estate Investment & Infrastructure Forum). The event is expected to attract over 16,000 developers, investors, end-users, and local authorities, providing SEGRO with a prime opportunity to engage with potential business partners and stakeholders. Bonnie Minshull, Head of London at SEGRO, said: “Prime urban warehousing in London presents a resilient and robust investment opportunity, which is why we are excited to bring forward our proposals at SEGRO Park Hackney Wick and SEGRO Park Deptford. Both schemes are integral to our urban warehousing strategy in inner London and are intended to appeal to a diverse range of customers serving the capital. This will enable us to leverage our portfolio of urban assets in key strategic locations that have access to a strong potential employee pool, helping to reduce distribution costs and uniquely position ourselves to meet evolving market demand. “We have paid particular attention to the design of this new breed of asset to ensure they complement the local surroundings of an inner city location from an aesthetical perspective, while delivering on the sustainability, efficiency and practicality requirements of our customers.” Both schemes will be developed in line with the company’s responsible SEGRO commitment to championing low-carbon growth, targeting BREEAM Excellent ratings. Sustainability features include EV charging points targeting a full EV vehicle fleet and PV installations, supporting access to renewable energy to help reduce the occupier’s costs and operational carbon emissions. SEGRO will also be delivering green landscaping to create an improved outlook and boost wellbeing for local people and employees. SEGRO has been investing in the local community in partnership with Hackney Wick and Fish Island, Community Development Trust, Yodomo Ltd, and Rise Up East. The developer donated £25,000 to the Textile Reuse Hub – a textile recycling fashion charity. The charity runs its ‘Sustainable Young Makers’ programme, which trains local people in sustainable textile fashion, supporting six fledgling circular textile businesses to grow. SEGRO has already secured planning for a regeneration scheme at SEGRO Park Wapping and has also submitted proposals for a similar development in Clapham. All four schemes form part of its inner London warehousing strategy. SEGRO’s customer base in London comprises over 450 companies across a diverse range of sectors, including notable names such as Amazon, British Airways, DHL, Tesco, Royal Mail, and Ocado. |
Posted at 10/10/2024 09:17 by philanderer Tritax EuroBox withdrew its backing for a takeover offer by FTSE 100-listed industrial property investor Segro and instead supported a chunkier bid by private equity firm Brookfield. Brookfield will pay 69.0 pence in cash for Tritax Eurobox, a 6% premium to the implied 65.1p value of the Segro offer, based on the latter's closing price on Wednesday.Alliance News |
Posted at 04/9/2024 08:30 by philanderer Good deal for SGROIn the FTSE 100, Segro lost 1.5%. The London-based property investment company has reached agreement on a takeover offer for Tritax EuroBox, which will be implemented via a scheme of arrangement. Tritax EuroBox investors will receive 0.0765 new Segro shares per Tritax share, as well as a 1.25 euro cents quarterly dividend. The deal values Tritax EuroBox at GBP1.10 billion, including net debt. |
Posted at 26/8/2024 21:04 by jbarcroftr Skyship I really value your posts thanks on my behalf and I am sure many other followersI was a developer/ investor for many years and am now retired.All my family money is now invested in reits I hold Segro but alongside Supr Aire Srei Bbox Ebox and Shed I also hold API and PCA I think they will both have satisfactory outcomes Thanks again |
Posted at 02/7/2024 22:52 by philanderer The TelegraphQuestor: This property trust is bringing their investors with them to the top Questor says: Buy Ticker: SGRO Share price at close: 890p |
Posted at 17/6/2024 09:40 by philanderer Deutsche: Segro building strength in the right areasA capital markets day at Segro (SGRO) has given Deutsche Bank faith in the outlook for the group’s prime urban logistics assets. Analyst Max Nimmo retained his ‘buy’ recommendation and target price of £10.50 on the Citywire Elite Companies A-rated property developer and investor, which inched up 0.2% to 807p on Friday, putting it ahead 20% over the last year. The capital markets day focused on the urban logistics portfolio and while it did not bring any new major headlines it ‘did reinforce the quality of the portfolio and the landbank it has,’ said Nimmo. ‘Big box will always be a significant part of the portfolio given the reliability of income it delivers, but urban logistics around space-constrained capital cities has the ability to really move rents on,’ he explained. ‘While Segro does trade around spot net tangible assets with only a 3% dividend yield versus its logistics peers at 5% dividend yield, the capital markets day certainly gives confidence in the long-term rental growth outlook for prime urban logistics assets.’ Citywire.com |
Posted at 29/2/2024 15:00 by elbrus55 It is the same for all shareholders. It is a massive improvement that retail investors now have access to these offers on the same terms as institutions.Appreci |
Posted at 16/2/2024 19:20 by philanderer Investors Chronicle :Segro's losses narrow as interest rates stabilise The warehouse giant has much to be bullish about, and so do its investors We stick with our bullish rating. Buy article: |
Posted at 14/2/2024 14:15 by philanderer Shore Capital rates Segro a ‘buy’ at current levelsProperty investment and development group Segro (SGRO) is regaining momentum, but recent share price weakness offers a chance to invest, says Shore Capital. Analyst Andrew Saunders retained his ‘buy’ recommendation on the warehouse and industrial property investor, which dropped 3% to 812p on Tuesday. ‘The shares are up by 23% from the low point in October 2023 but some recent price weakness in February offers investors another attractive opportunity to buy,’ said Saunders. He said the industrial and logistics market had been subdued in previous years but is ‘nonetheless regaining momentum, particularly in the UK’. ‘Furthermore, recent transactions are increasingly taking place either at or above previous reported valuations, thus helping validate asset valuations, and recent data from the MSCI UK Monthly index also highlights a more resilient performance in capital growth from industrials,’ Saunders said. Although the broader UK real estate investment trust (Reit) sector is embracing consolidation, Saunders believes Segro ‘already enjoys considerable scale and leading positions in many of its markets’. ‘It also has a strong equity growth story offering a forecast 8% compound annual growth rate in earnings per share growth over the next three years and expected growing momentum in asset value recovery,’ he said. citywire.co.uk |
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