31st Jul 2025 10:58
(Alliance News) - Segro PLC on Thursday reporting higher interim profit, asserting the business is "well-placed" for further attractive compounding growth, as it raised its dividend.
The London-based property developer and investor said pretax profit rose 12% to GBP264 million in the first half of 2025 from GBP235 million a year ago.
Assets under management over the half-year increased 5.6% to GBP21.44 billion on June 30 from GBP20.30 billion on December 31.
Segro noted "encouraging levels of demand" for its speculatively developed urban space.
It raised its interim dividend by 6.6% to 9.7 pence from 9.1p a year ago.
"Segro continues to be positioned well for further growth," it said. "Our portfolio is of irreplicable quality, having been purposefully curated over the past 15 years. Two-thirds of it is located in Europe's largest cities, with the remaining one-third strategically located near logistics hubs and along key transportation corridors. These locations remain in high demand from occupiers, supported by powerful, enduring structural trends, and have a shortage of modern, sustainable space with low land availability and restrictive planning policies which limit the supply of new, competing space."
Segro shares were up 1.6% at 654.73 pence on Thursday morning in London.
By Tom Budszus, Alliance News slot editor
Comments and questions to [email protected]
Copyright 2025 Alliance News Ltd. All Rights Reserved.
Related Shares:
Segro