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SGRO Segro Plc

714.00
-5.80 (-0.81%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Segro Plc LSE:SGRO London Ordinary Share GB00B5ZN1N88 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -5.80 -0.81% 714.00 713.80 714.20 721.80 712.80 719.80 2,013,018 16:35:12
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Real Estate Agents & Mgrs 749M -253M -0.1870 -38.17 9.74B
Segro Plc is listed in the Real Estate Agents & Mgrs sector of the London Stock Exchange with ticker SGRO. The last closing price for Segro was 719.80p. Over the last year, Segro shares have traded in a share price range of 707.80p to 949.00p.

Segro currently has 1,352,860,404 shares in issue. The market capitalisation of Segro is £9.74 billion. Segro has a price to earnings ratio (PE ratio) of -38.17.

Segro Share Discussion Threads

Showing 701 to 724 of 975 messages
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older
DateSubjectAuthorDiscuss
05/4/2023
08:50
Maersk To Establish New Centre Of Excellence At SEGRO Logistics Park East Midlands Gateway
philanderer
30/3/2023
09:36
In this morning.

Luck to all.

philanderer
22/3/2023
17:34
The share price today, 726p, is not far away from the pandemic lows of 2020. NAV as at 31 Dec 2022 was 966p so current discount around 24%. Yield a miserly 3.6% (when compared to other reits). Enourmous share purchases by one director after the full year results on 17 Feb 2023. Results seemed OK to me. Shame more directors aren't buying too. Seems these have further to fall? Its a big reit though, around 9 billion market cap. Perhaps that works in its favour?
ammons
06/3/2023
18:37
Yes.

IC had an article last week pointing out that commercial property shares were NAV-driven, yet there were other measures of value which pointed in the opposite direction - rental growth, voids, demand, etc.

jonwig
06/3/2023
17:21
Another monster purchase from Mr Harrison - a very credible Chairman. Investors should take note.
boozey
21/2/2023
10:45
JPMorgan raises Segro price target to 1,000 (960) pence - 'overweight'

RBC raises Segro price target to 975 (925) pence - 'outperform'

philanderer
20/2/2023
21:17
Director buy. Chairman Andy Harrison 115,379sh @ GBP8.61 = c. GBP1.0mn
nexusltd
17/2/2023
15:33
@jonwig. Okay I think I might have the answer.

From: hxxps://www.pinsentmasons.com/out-law/guides/tax-treatment-of-reits

If the company carries on business other than its tax exempt business:
profits arising from the tax exempt business must be at least 75% of total profits; and
the value of assets held for the tax exempt business must be at least 75% of the total value of assets held by the company at the beginning of the accounting period.

nexusltd
17/2/2023
15:30
nexus - I'd have to look closer. It's *net* rental profits, though, not gross.
jonwig
17/2/2023
15:17
@jonwig. Thanks. I had read that 1st para. "we are required to pay out 90 per cent of UK-sourced, tax-exempt rental profits as a ‘Property Income Distribution’ (PID)"

So no UK PID this year. Does this imply that all FY2022 UK rental income was absorbed; ergo there were no rental income profits made in the UK, hence no PID?

nexusltd
17/2/2023
14:46
nexus, it's EU properties, further down the long announcement -

Under the UK REIT rules, we are required to pay out 90 per cent of UK-sourced, tax-exempt rental profits as a ‘Property Income Distribution’ (PID). Since we also receive income from our properties in Continental Europe, our total dividend should normally exceed this minimum level and we target a payout ratio of 85 to 95 per cent of Adjusted profit after tax. We aim to deliver a progressive and sustainable dividend which grows in line with our profitability in order to achieve our goal of being a leading income-focused REIT.

The Board has concluded that it is appropriate to recommend an increase in the final dividend per share by 1.3 pence to 18.2 pence (2021: 16.9 pence) which will be paid as an ordinary dividend. The Board’s recommendation is subject to approval by shareholders at the Annual General Meeting, in which event the final dividend will be paid on 4 May 2023 to shareholders on the register at the close of business on 17 March 2023.

In considering the final dividend, the Board took into account:

the policy of targeting a payout ratio of between 85 and 95 per cent of Adjusted profit after tax;
the desire to ensure that the dividend is sustainable and progressive throughout the cycle; and
the results for 2022 and the outlook for earnings.

The total dividend for the year will, therefore, be 26.3 pence, a rise of 8 per cent versus 2021 (24.3 pence) and represents distribution of 85 per cent of Adjusted profit after tax.

~~~~~~~~~~~~~~~~~~

The market has given some credit, but still a discount.

jonwig
17/2/2023
14:29
FY2022 dividend totalled 26.30p; yield is 3% @ 873p offer. I'm curious as to why for FY2022 neither the interim or the final divi, or any part thereof, have been declared as a PID. Anyone posit a reason?
nexusltd
17/2/2023
12:38
Assets under management £20,947m
Rental income £522m
Yield 2.5%

shieldbug
17/2/2023
08:01
Annual results:



I suppose we just have to live with the market's pricing of their properties, but when the markets turn, these will move fast. Strong hold?

jonwig
06/2/2023
22:05
Results due 17th.
shalder
06/2/2023
14:38
I happened to notice last week that there was a buy of over 1.5 million shares at close of business. The price paid was £920.00. I've added today as I'm willing to bet that the price will go back to that level short term.
gill17
25/10/2022
17:40
If SEGRO breaks through 8 pounds and keeps going up, it could be heading towards 9 pounds next.
donald t
20/10/2022
10:43
Debt profile excellent: LTV 26%. Cost of debt 2.1%
- A further 100bp rise in benchmark rates from current levels would increase SEGRO’s cost of debt by 24 bps.
- We have no further material refinancing requirements until 2026 and an 8.2year average debt maturity (79 per cent of which is fixed or capped1; the floating rates exposure is mostly to three-month EURIBOR).

- Occupancy rate (%) 96.7, stable
- Customer retention (%) 76, stable
- Uplift on rent reviews and renewals (%) 22
- Development build yield on cost 6.3 %

Rental contracted: Q3/22 GBP20mn, Q3/21 GBP26mn.
Rental contracted: Quarterly 9mFY22 average run-rate GBP25mn.

This may be showing a declining trend, or is it availability?

nexusltd
20/10/2022
07:03
Trading update:



So is the gloom misplaced? Probably, but I'm not adding just yet.

jonwig
20/9/2022
10:07
Getting interesting around these levels, but we are yet to be officially confirmed in recession so could still be a fair amount of downside. This is just one on my watchlist, I'm not a holder, although I think the more diversified IUKP etf could be a better place for me to start drip feeding at this point, of which Segro is around 1/6th of portfolio.
1nf3rn0
28/7/2022
15:32
@jonwig Thanks.

IFRS NAV up 8.7% on December 2021 valuation, Interim divi up 9.46%, LTV 23%. Tough to find a reason not to add.

nexusltd
28/7/2022
06:16
H1 results:



Should dispel any lingering doubts about ex-growth. NAV is 1212p, so it's moved from a big premium to a discount of 15% in the last three months. Should recover most of that.

jonwig
20/6/2022
10:49
Here is his bio:



there used to be - many years ago - a rule that you couldn't chair more than one PLC at the same time. No longer, evidently.

jonwig
20/6/2022
10:44
NED Andy Harrison 17 June buy of 40,199 shares @ GBP9.876325 = GBP397,018.39.
nexusltd
Chat Pages: 39  38  37  36  35  34  33  32  31  30  29  28  Older

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