|Bid||571.60 x 0|
|Ask||0.00 x 0|
|Day's range||1,376.50 - 1,415.00|
|52-week range||869.80 - 1,437.00|
|Beta (5Y monthly)||0.53|
|PE ratio (TTM)||6.52|
|Forward dividend & yield||0.23 (1.64%)|
|Ex-dividend date||12 Aug 2021|
|1y target est||N/A|
The FTSE 100-listed warehousing specialist said it was able to secure property prices much higher than December, adding that it would invest the proceeds from the sale in other parts of its Italian business. Warehousing specialists globally have benefited from massive shipments of products bought online during the pandemic, outperforming other commercial real estate companies, as people increasingly took to remote working and shopped online. The six warehouses, with a total floor space of 56,000 square metres, were jointly developed by British warehousing specialist Segro and industrial real estate developer Vailog to support the Italian distribution network of a global online retail company.
UK real estate investment trust Segro said on Friday it expects a boom in online shopping to be sustained even after the COVID-19 pandemic as the warehousing specialist posted an 11% jump in annual profit. Warehousing specialists globally benefited from massive shipments of products bought online during the pandemic, outperforming other commercial real estate companies including mall operators and office space providers, as people increasingly took to remote working and shopped online. "We believe there has been a step-change in consumer behaviour," said Segro Chief Executive David Sleath, adding that its customers were already preparing to adapt businesses to respond to higher-than-expected levels of online sales.