SEGRO FY adjusted EPS rises

SEGRO

20/02/2026 07:13

Overview

UK real estate trust's FY 2025 adjusted pretax profit missed analyst expectations

Company achieved record £99 mln of new contracted rent commitments

Adjusted earnings per share grew 6.1% yr/yr

Outlook

Company anticipates £355 mln new rent from industrial, logistics, and data centre projects

SEGRO plans 2026 development capex between £450 mln and £550 mln

Result Drivers

RECORD RENT COMMITMENTS - SEGRO achieved a record £99 mln in new contracted rent commitments, driven by asset management and pre-lets

NET RENTAL INCOME GROWTH - Like-for-like net rental income grew 6%, aided by asset management and customer retention

DEVELOPMENT PIPELINE - Development completions added £29 mln in potential new headline rent, with a 93% lease rate

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Adjusted Pretax Profit
Miss
GBP 509 mln
GBP 518.27 mln (14 Analysts)
FY Adjusted Net Asset Value Per Share
GBP 9.25
FY Dividend
GBP 0.31
FY Net Asset Value Per Share
GBP 9.06
FY Net Debt
GBP 5.92 bln
FY Pretax Profit
GBP 560 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 11 "strong buy" or "buy", 5 "hold" and 4 "sell" or "strong sell"

The average consensus recommendation for the commercial reits peer group is "buy."

Wall Street's median 12-month price target for SEGRO PLC is GBp800.00, about 0.2% above its February 19 closing price of GBp798.20

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago

Press Release: ID:nRST7459Ta

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)