REG-Segro PLC Statement re Update on Rent Collection

SEGROAnnouncement

15/01/2021 07:00

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Statement re Update on Rent Collection

 

UPDATE ON RENT COLLECTION

SEGRO plc (“SEGRO” or the “Group”) today updates the market on its
continued strong rent collection for the full year to 31 December 2020 and the
first quarter of 2021.

For the year ending 31 December 2020, to date we have collected 98 per cent of
all rents.

In respect of UK rents payable in advance relating to the first quarter of
2021, as at 14 January, we had received 88 per cent of the £63 million of
rent due. This represents a higher collection level than at the equivalent
time in each of the three previous quarters.

We expect the substantial balance of outstanding rents to be paid by the end
of the quarter with the majority now due to be paid monthly.

Rental collection update(1) (as at 14 January 2021)
                                           FY 2020          Q1 2021(2)  
                                           UK   CE   Group  UK          
 Paid                                 %    97   98   98(3)  88          
 Deferrals (including payment plans)  %    2    0    1      8           
 
                                                                      
                                                                        
 Outstanding                          %    1    2    1      4           
 Total                                %    100  100  100    100         
 Total rent billed                    £m   245  172  417    63          


1 Based on exchange rate of €1.12:£1

2 Rents in our Continental European portfolio are typically paid monthly so we
are still early in the collection cycle

3 The Q2-Q4 2020 collection rate for the Group is currently 97%, excluding Q1
2020 (when rent collection was not affected by Covid-19).

CONTACT DETAILS FOR INVESTOR / ANALYST AND MEDIA ENQUIRIES:
 SEGRO           Soumen Das (Chief Financial Officer)                Tel: +44 (0) 20 7451 9110  
                 Claire Mogford (Head of Investor Relations)         Tel: +44 (0) 20 7451 9048  
                 Lizzie Humphreys (External Communications Manager)  Tel: +44 (0) 20 7451 9129  
 FTI Consulting  Richard Sunderland / Claire Turvey / Eve Kirmatzis  Tel: +44 (0) 20 3727 1000  


Notes to editors:

ABOUT SEGRO

SEGRO is a UK Real Estate Investment Trust (REIT), listed on the London Stock
Exchange and Euronext Paris, and is a leading owner, manager and developer of
modern warehouses and industrial property. It owns or manages 8.1 million
square metres of space (88 million square feet) valued at £13.3 billion
serving customers from a wide range of industry sectors. Its properties are
located in and around major cities and at key transportation hubs in the UK
and in seven other European countries.

For over 100 years SEGRO has been creating the space that enables
extraordinary things to happen. From modern big box warehouses, used primarily
for regional, national and international distribution hubs, to urban
warehousing located close to major population centres and business districts,
it provides high-quality assets that allow its customers to thrive.

See www.SEGRO.com
(https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.SEGRO.com&esheet=52362183&newsitemid=20210114005947&lan=en-US&anchor=www.SEGRO.com&index=1&md5=282b3d340ec63e23079aef7459bc34f4)
for further information.



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