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SGRO - SEGRO News Story

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Sector
Financials
Size
Large Cap
Market Cap £12.02bn
Enterprise Value £14.42bn
Revenue £431.7m
Position in Universe 98th / 1819

Segro PLC Update on Rent Collection

Thu 8th April, 2021 7:00am
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Update on Rent Collection

 

SEGRO plc (“SEGRO” or the “Group”) today updates the market on its
continued strong rent collection for the first and second quarters of 2021.

In respect of UK rents payable in advance on 25 March relating to the second
quarter of 2021, as at 7 April, we had received 89 per cent of the £52
million of rent due and we expect the substantial balance of outstanding rents
to be paid by the end of the quarter. This compares with 71 per cent at a
similar point in 2020.

In respect of the first quarter of 2021, we have now collected 97 per cent of
all rents due from both our UK and Continental Europe portfolios.

UK rental collection summary(1)
                                          Q2 2021                Q1 2021                Q2 2020                
                                          
                      
                      
                      
                                          (as at 7 April 2021)   (as at 7 April 2021)   (as at 2 April 2020)   
 Paid                                 %   89                     97                     71                     
 Deferrals (including payment plans)  %   6                      1                      25                     
 Outstanding                          %   5                      2                      4                      
 Total                                %   100                    100                    100                    


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 8.8 million
square metres of space (95 million square feet) valued at £15.3 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=52408189&newsitemid=20210407005855&lan=en-US&anchor=www.SEGRO.com&index=1&md5=71885df31a44dc7bc82f2343a9ed58a3)
for further information.

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

Gary Gaskarth (External Communications Manager)

Tel: +44 (0) 20 7451 9069

 

FTI Consulting

Richard Sunderland / Claire Turvey / Eve Kirmatzis

Tel: +44 (0) 20 3727 1000



View source version on businesswire.com:
https://www.businesswire.com/news/home/20210407005855/en/
(https://www.businesswire.com/news/home/20210407005855/en/)

SEGRO


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