Segro Share Discussion Threads

[philanderer] 14/12/2024 19:18

GLP Capital Partners (GCP) has acquired three logistics properties in Germany from SEGRO European Logistics Partnership (SELP) for an undisclosed price.

The fully let logistics assets are located in Neuenstadt, Grevenbroich-Kapellen and Malsfeld and offer 129,000 sq m (circa 1.4m sq ft) in total


benews.co.uk/

[dov] 12/12/2024 11:29

I am sure someone is its relentless

[mjneish] 12/12/2024 11:22

Is this Black Rock continuing to offload?

[essentialinvestor] 12/12/2024 10:14

Market appears to want a yield of at least 4% on this?.

[dov] 11/12/2024 19:49

Not sure what is at work here maybe a large dumper of the stock or short positions being built up but these are in percentage terms much further down in the past few days than other reits Will look at 700 for new entry level

[philanderer] 11/12/2024 17:33

Added a few just before the close.

Yielding almost 4% on an unchanged dividend.

[dov] 11/12/2024 11:13

Certainly looks that way Only way is down currently

[philanderer] 11/12/2024 10:23

Chartwise, looks as that 690p low of 2023 will have to be tested.

[dov] 11/12/2024 08:11

Either of those targets will do !!We are light years away currently

[philanderer] 11/12/2024 00:02

tuesday morning...


Goldman Sachs raises Segro price target to 870 (860) pence - ’neutral’;

JPMorgan cuts Segro price target to 950 (1,050) pence - ’overweight217;

[dov] 09/12/2024 14:34

Revisited lows for the year Do we continue the relentless decline or now bottom out

[philanderer] 06/12/2024 00:12

A UK Real Estate Investment Trust has set a new benchmark for sustainable development by completing the transformation of two cutting-edge warehouse units at SEGRO Park Croydon Purley Way.

[philanderer] 05/12/2024 16:29

And picked up a few at 753.8p.

[philanderer] 05/12/2024 14:57

Yes, a bit odd.

Yield = 3.75% now on an unchanged dividend

Tempted to add a few.

[dov] 05/12/2024 14:51

Segro seems to have been singled out for this then given size of drop today

[philanderer] 05/12/2024 14:37

Has to be interest rate related. Talk is of just a 1% drop over the next 12 months.

[dov] 05/12/2024 13:24

Don't understand why it would need to do this Gilt yields have fallen from highs but despite this it just continues to fall

[philanderer] 05/12/2024 12:39

Looks like it may have to test that recent 745p 2024 low.

[philanderer] 27/11/2024 14:59

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

[philanderer] 27/11/2024 10:29

Barclays cuts Segro to 'equal weight' - price target 900 pence

[philanderer] 26/11/2024 19:12

November 26, 2024 9:34 AM EST

Morgan Stanley analyst Bart Gysens resumes coverage on Segro PLC (SGRO:LN) (OTC: SEGXF) with a Overweight rating

[philanderer] 23/11/2024 00:38

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.

[philanderer] 22/11/2024 14:24

Segro gets green light for 'new breed' of sustainable London warehouses

Logistics developer will build more than 80,000 square feet of units across the capital

costar.com

...Hackney and Deptford schemes will add 77,000 sq ft to SEGRO’s inner London warehousing portfolio

propertyweek.com

[philanderer] 22/11/2024 00:09

BCLP advised SEGRO, a European industrial and logistics property company, on the sale of its French Onyx portfolio of 5 buildings, to Hines.

Listed on the London and Paris stock exchanges, SEGRO is one of Europe's leading owners, managers and developers of modern warehouses and industrial properties. SEGRO owns and manages a portfolio of 10.8sqm worth €24.4 billion and operates in the UK, France and six other European countries.