Business
RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2025
RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2025.
About this update from Segro Plc
[{"type":"text","content":"\n\n\n \n\nSEGRO plc's Half Year 2025 Results have been submitted in full unedited text to the Financial Conduct Authority's National Storage Mechanism and will be available shortly for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism and are also available on the SEGRO website at: www.segro.com/investors. Investors should read the full unedited text of the Half Year 2025 Results, including the description of the Group's principal risks and uncertainties, and not rely only on the summarised information set out in this announcement. Notes or Tables that are not included herein refer to the full unedited text of the Half Year 2025 Results.\n\n \n31 July 2025\nSEGRO plC\nRESULTS FOR the six months ENDed 30 june 2025\nSTRONG EARNINGS AND DIVIDEND GROWTH,\n IMPROVING DEVELOPMENT MOMENTUM\n \nKEY MESSAGES\n \n\n\n\n\n●\n\n\nStrong 7.8 per cent like-for-like net rental income growth from our existing portfolio as we continue to capture embedded rent reversion, supporting 6.5 per cent earnings and 6.6 per cent dividend growth per share.\n\n\n\n\n●\n\n\nImproving development prospects, with a pick-up in the near-term development pipeline and encouraging levels of demand for our speculatively developed urban space.\n\n\n\n\n●\n\n\nSignificant progress in building our data centre platform, progressing plans for our 2.3GW+ land-enabled power bank and signing a joint venture to develop our first fully fitted data centre. \n\n\n\n\nCommenting on the results, David Sleath, Chief Executive, said:\n\"Our modern, sustainable portfolio, located in Europe's most attractive and supply-constrained markets, has continued to perform well through the first half of the year, driven by leasing, asset management and the capture of reversion. We have a further £172 million of rent available through rent reviews, renewals and the lease up of vacant space, which will continue to support attractive underlying earnings growth.\n\"Our high quality, well-located land bank and options provide further opportunity to create value and grow income through development, with over £500 million of potential rent. Whilst occupier decision making remains protracted, we are encouraged by the pick-up in our near-term pre-let development pipeline and the active conversations that we are having with customers.\n\"SEGR...