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SEGRO Plc (SGRO.L)
| Previous close | 827.60 |
| Open | 829.80 |
| Bid | 833.80 x 0 |
| Ask | 834.40 x 0 |
| Day's range | 827.60 - 840.00 |
| 52-week range | 675.00 - 913.00 |
| Volume | |
| Avg. volume | 4,173,190 |
| Market cap | 11.163B |
| Beta (5Y monthly) | 0.74 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.28 (3.36%) |
| Ex-dividend date | 14 Mar 2024 |
| 1y target est | N/A |
- Reuters
Warehousing firm Segro optimistic on 2024 after annual profit beat
Segro expects its property values to recover this year amid interest rate cut hopes, it said on Friday, after robust rental growth helped the British warehousing group and real estate investment trust beat 2023 profit forecasts. Real estate investment trusts (REITs) such as Segro, which grappled with increased costs and elevated interest rates last year, are optimistic about higher rents and improved valuations for properties amid near-term prospects of monetary policy easing. "Market expectations for lower interest rates, if sustained, provide a positive backdrop for a recovery of investment market sentiment as the year progresses," CEO David Sleath said.
- The Telegraph
This stock’s 40pc slump presents a chance to bet on e-commerce
Buying opportunities frequently come disguised as risks, threats and challenges. Indeed, no stock price ever trades on a deeply discounted valuation without the presence of at least a degree of uncertainty regarding its prospects.
- Reuters
Warehousing firm Segro says demand high amid limited supply
Warehousing specialist Segro said on Thursday it was witnessing strong demand from a diverse range of customers amid limited supply in the market, sending its shares as much as 4% higher. The positive update from Segro, which operates in Britain and seven other European countries, comes at a time real estate firms remain wary of falling property prices, with tighter credit conditions making it harder for companies to refinance debt in the highly-leveraged sector. "Despite wider uncertainty arising from recent events in the credit markets, we remain well positioned with significant liquidity, no near-term refinancing requirements and modest leverage," CEO David Sleath said in a trading statement.
