Segro Plc (Reit) (GB:SGRO) has released an update.
SEGRO Plc reported strong first-quarter growth with a significant increase in rent roll, driven by positive market dynamics. The company has successfully completed disposals amounting to £159 million, above December 2023 book values, indicating a stabilization in industrial and logistics asset values. With a recent equity raise, SEGRO is well-positioned for profitable development opportunities, aiming for more than a 50% increase in passing rents over the next three years.
For further insights into GB:SGRO stock, check out TipRanks’ Stock Analysis page.
