Segro Share Discussion Threads

[philanderer] 19/6/2024 08:49

Jefferies cuts Segro to 'hold' (buy) - price target 950 (1,042) pence

[red army] 17/6/2024 12:44

Thus leadership business in France will no doubt have a negative effect on price..

[skyship] 17/6/2024 12:26

"versus its logistics peers at 5% dividend yield"

errhh - EBOX on a yield of 7.55% and a 30% discount!

Also a possible bid in the offing.

[philanderer] 17/6/2024 09:40

Deutsche: Segro building strength in the right areas


A 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

[philanderer] 13/6/2024 12:28

Big thumbs up from Labour Party for Data Centres this morning.

[angus mcoatup] 12/6/2024 10:36

When interest rates come down, this will fly imo.

[philanderer] 11/6/2024 22:50

Slough Borough Council has authorised, property investment firm, Segro, to build two additional data centres in the area.

Located near the Slough Trading Estate, these data centre are in addition to the previously approved Segro data centre development in Iver.

[philanderer] 10/6/2024 23:19

Greggs and Segro Bake In Deal for Large Derby Manufacturing and Logistics Facility


Firm Signs Lease Agreement For 23 Acre Plot at High-tech Food Site

[philanderer] 10/6/2024 23:15

Greggs and Segro Bake In Deal for Large Derby Manufacturing and Logistics Facility


Firm Signs Lease Agreement For 23 Acre Plot at High-tech Food Site

[philanderer] 04/6/2024 22:56

Ground-Breaking Ceremony For Pioneering SEGRO Logistics Centre Hamburg Neu Wulmstorf

[philanderer] 03/6/2024 09:22

Goldman Sachs raises Segro price target to 880 (810) pence - 'neutral'

[philanderer] 22/5/2024 23:14

SEGRO Park Wapping receives green light as next generation central urban logistics scheme in London

[philanderer] 16/5/2024 19:17

SEGRO : signs a pre-let with GROUPE POMONA and launches construction of a second building in the SEGRO Logistics Park Vitrolles, in partnership with GEMFI (GICRAM Groupe)

[philanderer] 08/5/2024 08:58

Deutsche Bank starts Segro with 'buy' - price target 1,050 pence

[boozey] 08/5/2024 05:50

Great news and good spot Philanderer! Thank you.

[philanderer] 07/5/2024 22:48

Online retail giant Amazon has announced plans to open a new fulfilment centre near Northampton creating more than 2,000 jobs.

The centre, which Amazon says would be up and running in 2026, is planned at the SEGRO Logistics Park near junction 15 of the M1.

[philanderer] 24/4/2024 16:51

Segro in Pole Position to Buy Tesla Warehouse in the Netherlands for €48 Million

[philanderer] 24/4/2024 16:30

One day interest rate cuts are coming soon, other days they’re pushed back. Today is one of the latter.

[philanderer] 19/4/2024 18:52

Segro signs 6,000 sqm tenant prolongation in Prague

[philanderer] 18/4/2024 10:41

SEGRO plc (“SEGRO” or the “Group”) today publishes a trading update for the period from 1 January 2024 to 31 March 2024.

Summary

Strong growth in our rent roll during the first quarter, supported by ongoing favourable occupier market dynamics.

SEGRO has completed or unconditionally exchanged on £159 million of disposals so far in 2024, at prices above December 2023 book value. Market data shows industrial and logistics asset values are stabilising.

SEGRO is well-placed to invest in profitable development with an average yield on cost of 7-8 per cent, with capacity for further attractive growth opportunities enhanced by the proceeds of our recent equity raise.

[philanderer] 17/4/2024 09:09

UBS raises Segro price target to 1,045 pence - 'buy'

[boozey] 12/4/2024 10:28

Trading statement next week

[philanderer] 12/4/2024 09:23

Jefferies raises Segro price target to 1,042 (1,036) pence - 'buy'