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    SGRO   GB00B5ZN1N88

SEGRO PLC

(SGRO)
  Report
Delayed London Stock Exchange  -  11:35 2022-07-06 am EDT
1002.50 GBX   +1.86%
07/04Barclays Maintains Segro's Overweight Rating, Trims PT
MT
07/01SEGRO : partners with Groundwork to support local community and biodiversity in Coventry
PU
06/29Big Yellow to Acquire Site For New $23 Million Store in England
MT
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SEGRO plc Buys Slough Office Portfolio to Meet Increased and Changing Occupier Requirements

12/23/2021 | 09:07am EDT

SEGRO plc acquired portfolio of offices on the Bath Road, Slough, from clients of AEW for £425 million. The portfolio represents 89,000 sq m of built space spread across 39 acres of land with a passing rent of £20 million, reflecting a net initial yield of 4.6 per cent. SEGRO previously developed the office portfolio and sold it as part of its strategy to dispose of non-core assets, with the proceeds reinvested into the Group’s highly profitable development pipeline. Since January 2016, when the office portfolio was sold, the Slough Trading Estate has delivered capital value growth of 59 per cent and was valued at £2.2 billion as of June 2021. The ageing nature and relatively short lease terms of some of the offices means that this acquisition will enhance SEGRO’s ability to satisfy growing customer demand for data centres, creative industries, life science occupiers and other potential users of industrial space in Slough.


© S&P Capital IQ 2021
All news about SEGRO PLC
07/04Barclays Maintains Segro's Overweight Rating, Trims PT
MT
07/01SEGRO : partners with Groundwork to support local community and biodiversity in Coventry
PU
06/29Big Yellow to Acquire Site For New $23 Million Store in England
MT
06/23Segro Launches Offering of $236 Million Senior Unsecured Notes
MT
06/23SEGRO Plc Arranges US Private Placement of Senior Unsecured Notes
CI
06/23SEGRO PLC : Crossing thresholds
CO
06/23SEGRO Plc announced that it expects to receive €225 million in funding
CI
06/20SEGRO : raises sustainability bar with green refurbishment scheme on Slough Trading Estate
PU
06/10SEGRO PLC : Crossing thresholds
CO
06/09SEGRO PLC : Crossing thresholds
CO
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Analyst Recommendations on SEGRO PLC
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Financials
Sales 2022 523 M 623 M 623 M
Net income 2022 2 467 M 2 937 M 2 937 M
Net Debt 2022 4 036 M 4 805 M 4 805 M
P/E ratio 2022 5,32x
Yield 2022 2,73%
Capitalization 12 119 M 14 427 M 14 427 M
EV / Sales 2022 30,9x
EV / Sales 2023 27,4x
Nbr of Employees 385
Free-Float 99,6%
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Mean consensus OUTPERFORM
Number of Analysts 20
Last Close Price 984,20 GBX
Average target price 1 411,11 GBX
Spread / Average Target 43,4%
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Managers and Directors
David John Rivers Sleath Chief Executive Officer & Executive Director
Soumen Das Chief Financial Officer & Executive Director
Andrew Harrison Chairman
James Power Director-Digital & Technology
Andrew E. G. Gulliford Chief Operating Officer & Executive Director
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