MoneyAM MoneyAM
 Home   Log In   Register   Our Services   My Account   Contact   Help 
 Stockwatch   Level 2   Portfolio   Charts   Research   Share Price   Awards   Indices   Market Scan   Company Zone   Traders' Room 
 Funds   Trades   Terminal   Alerts   Heatmaps   News   Stock Screener   Forward Diary   Forex Prices   Director Deals   Investors' Room 
 CFDs   Shares   SIPPs   ISAs   Forex   ETFs   Videos   Comparison Tables   Spread Betting   Broker Notes   Shares Magazine 
You are NOT currently logged in

 
Filter Criteria  
Epic: Keywords: 
From: Time:  (hh:mm) RNS:  MonAM: 
To: Time:  (hh:mm)
Please Note - Streaming News is only available to subscribers to the Active Level and above
 


Segro profit more than doubles on rental growth, property re-valuations

StockMarketWire.com

Property investor and developer Segro more than doubled its annual profit after it boosted rental income and occupancy rates remained high.

Pre-tax profit of £976.3m compared to a profit of £426.4m a year earlier. Adjusted pre-tax profit, which strips out investment and development property re-valuations and gains or losses on disposals, rose by 25.7% to £194.2m.

The company declared a final dividend of 11.35p, up 6.1%.

'Occupier demand in early 2018 is strong across all our markets and supply of modern warehouse space remains constrained,' chief executive David Sleath said.

'The prospects for rental growth, particularly in the UK, remain good, and rental values are improving in our Continental Europe urban warehouse portfolio.'

'Investor appetite for prime warehouses remains unsated, attracted by the occupational market fundamentals.' At 8:17am: (LON:SGRO) Segro share price was +23p at 578.2p



Story provided by StockMarketWire.com