SEGRO (SGRO)

Sector:

Property Investment Trusts

Index:

FTSE 100

854.80p
   
  • Change Today:
      11.40p
  • 52 Week High: 907.80
  • 52 Week Low: 679.20
  • Currency: UK Pounds
  • Shares Issued: 1,338.19m
  • Volume: 2,331,446
  • Market Cap: £11,439m
  • RiskGrade: 100

Segro to raise £800m in placing to pursue growth opportunities

By Michele Maatouk

Date: Tuesday 27 Feb 2024

LONDON (ShareCast) - (Sharecast News) - Real estate investment trust Segro said on Tuesday that it was planning to raise around £800m in a placing to pursue additional growth opportunities.
The proposed placing and retail offer represents around 7.5% of the issued share capital.

"New equity will allow the group to pursue additional growth opportunities, including new and existing development projects and to take advantage of potential acquisition opportunities which may arise, whilst maintaining a strong balance sheet," Segro said.

"The additional capital from this placing and retail offer, together with Segro's land bank in UK and Continental European prime urban and logistics centres, as well as the relatively short build-time for warehouse space, provides flexibility and optionality to accelerate growth in response to occupier demand."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SEGRO Market Data

Currency UK Pounds
Share Price 854.80p
Change Today 11.40p
% Change 1.35 %
52 Week High 907.80
52 Week Low 679.20
Volume 2,331,446
Shares Issued 1,338.19m
Market Cap £11,439m
RiskGrade 100

SEGRO Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
93.27% below the market average93.27% below the market average93.27% below the market average93.27% below the market average93.27% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
29.39% above the market average29.39% above the market average29.39% above the market average29.39% above the market average29.39% above the market average
53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average53.33% above the sector average
Income
15.14% below the market average15.14% below the market average15.14% below the market average15.14% below the market average15.14% below the market average
92% below the sector average92% below the sector average92% below the sector average92% below the sector average92% below the sector average
Growth
4.26% below the market average4.26% below the market average4.26% below the market average4.26% below the market average4.26% below the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average

What The Brokers Say

Strong Buy 7
Buy 7
Neutral 6
Sell 0
Strong Sell 1
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SEGRO Dividends

  Latest Previous
  Final Interim
Ex-Div 14-Mar-24 10-Aug-23
Paid 03-May-24 22-Sep-23
Amount 19.10p 8.70p

Trades for 26-Apr-2024

Time Volume / Share Price
16:35 1,045,532 @ 854.80p
16:35 1,657 @ 854.80p
16:35 10,756 @ 854.80p
16:35 1,026 @ 854.80p
16:35 1,395 @ 854.80p

SEGRO Key Personnel

CEO David J R Sleath
CFO Soumen Das

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