Segro PlcLSE: SGRO

2026 Half Year Results Presentation

Jul 30, 2026 at 7:31 AM UTC · MarketScreener

Watch Segro explain itSEGRO Plc (SGRO) Q4 2025 Earnings Call · Replay · Feb 20

Enabling extraordinary

things

2026

Half year results

30 July 2026

Half Year 2026

Positive momentum across industrial and logistics portfolio

Continued execution of data centre strategy

Strong financial performance supporting future growth opportunity

(2.5)%

EPRA NTA per share

6.6%

Adjusted earnings per share growth

5.3%

Like-for-like NRI growth

£11m

Reversion capture

£26m

Development signings

£53m

New rent contracted

We create the space that enables extraordinary things to happen

Positive momentum across industrial and logistics portfolio	Continued execution of data centre strategy	Strong financial performance supporting future growth opportunity

Existing portfolio and development pipeline contributing to

£53 million of new headline rent contracted

New contracted headline rent (£m)1

Annualised rental income, £m

1H16 2H16 1H17 2H17 1H18 2H18 1H19 2H19 1H20 2H20 1H21 2H21 1H22 2H22 1H23 2H23 1H24 2H24 1H25 2H25 1H26

Existing space Developments

1. New rent contracted is total headline rent secured or in the case of developments agreed in the year. 4

Capturing reversion, maintaining occupancy and retaining customers

Rent change on review and renewal (%)1 Customer retention rate and occupancy rate (%)

UK +44%

CE +4%

100

+36%

Occupancy

94.5%

(target: 94-96%)

+31%

+32%

+34%

+23%

Retention

77%

+10%

+12%

+13%

+9%

+5%

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H26

Delivering strong like-for-like rental growth through active asset management

Like for like net rental income growth, (%)

2.1%

2.6%

3.1%

4.0%

4.9%

4.7%

5.3%

6.0%

5.8%

6.5%

6.7%

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H26

Current opportunity in the portfolio

£101m +

Mark-to-market rent potential

£56m

ERV of vacant space

£157m

Total current opportunity from existing portfolio

Disciplined capital allocation driving portfolio performance

Disposals

Selective sales of assets and land to crystallise value and fund investment

£308m1

Acquisitions

Attractive land acquisitions supporting future development

£37m

Development

765,000 sq m under construction and FY26 capex now expected: £500-550m

£176m

UK big box JV

SEGRO expected to contribute £1bn seed portfolio of land and standing assets into the JV, with future capex to be funded by non-recourse debt and partner equity contributions on a 50:50 basis

Includes £95 million exchanged and due to complete later in 2026.
Development completions expected to increase in the second half
Development completions
60
50
H1 2026 completions
- 116,200 sq m of space1
- £12m headline rent2
- 58% leased
- 6.5% development yield
- All BREEAM 'Excellent' or better3

SEGRO Park Düsseldorf Flingern

estimate

New headline rent when fully leased, £m

2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1H26

At 100%.
At SEGRO share.
Based on certifications received or expected. 8

Industrial and logistics development pipeline with £441m of potential rent

Current and near-term pipeline1 Future pipeline

75%

Associated with pre-lets

7.4%

Expected development yield

£90m

Potential rent

7-8%

Attractive development yield

£128m

Potential rent

on optioned land

£223m

Potential rent on owned land

SEGRO Park Dortmund

Midlands

Amsterdam

Warsaw

Berlin

Poznań

Łódź

London &

Western Corridor

Dortmund

Düsseldorf

Wroclaw

Cologne

Frankfurt

Gliwice

Prague

Paris

Munich

Lyon

Milan

Bologna

Marseille

Rome

Barcelona

Madrid

Estimated based on the current expected completion date of projects to be developed on the Group's land bank, which incorporates a number of assumptions including planning, customer

demand and procurement of construction contracts. Includes one powered shell data centre project under construction. 9

We create the space that enables extraordinary things to happen

Continued execution of data centre strategy

Positive momentum across industrial and logistics portfolio

Strong financial performance supporting future growth opportunity

3.0GVA power bank with 1.4GVA of near to mid-term data centre opportunity in key Availability Zones

SEGRO land

Established AZs (FLAP-D) Emerging AZs

Near to mid-term opportunities

12 sites currently assumed to be fully fitted developments
2 powered shells assumed and 4 powered land sales

CGI of Premier Park DC JV

Increased 3.0GVA power bank1 + Additional applications in progress

0.5GVA

3.0GVA

1.1GVA

c.£460m potential rent2

0.3GVA

0.8GVA

0.3GVA

Operational capacity

Available to pre-let today

Available to pre-let by end of 2028

Available to pre-let by end of 2033

Additional power Total power bank

Estimated based on the potential pre-lease date of projects which can be 2-3 years before the energisation date. 1.4GVA near to mid-term opportunity, c.95% power secured. Power secured defined as contracted or confirmed with ROFO as per local market convention.
Excluding powered shell pre-let signed in March 2026 which is under construction and sits within current pipeline. 11

Executing our data centre strategy in H1 2026

Signed a powered shell data centre pre-let on the Slough Trading Estate
Obtained planning approval for Premier Park DC JV1 in West London, active pre-let discussions underway
Formed a second fully fitted data centre joint venture with Pure DC
Added 0.5GVA to strategic power bank and advanced further power applications
Progressed infrastructure works in Slough to enable significant future power upgrades

1. SEGRO's first fully fitted data centre in joint venture with Pure Data Centres Group Limited.

We create the space that enables extraordinary things to happen
Positive momentum across Continued execution of industrial and logistics data centre strategy portfolio
	Strong financial performance supporting future growth opportunity

Strong financial performance

£268m

Adjusted profit before tax

+6.3%

19.3p

Adjusted earnings per share1

+6.6%

10.14p

Dividend per share2

+4.5%

£19bn

Portfolio valuation (at share)

(1.2)%3

902p

EPRA NTA per share4

(2.5)%

31%

Loan to value5

+0.6 ppt

1. Average number of shares was 1,352.8 million for the period ending 30 June 2026. 2. Consistent with the terms of the "Best and Final" Proposal from Prologis announced on 22 July 2026, which the Board has stated it is minded to recommend, the interim dividend is set at up to 10.14 pence. 3. Percentage valuation change based on difference between opening and closing valuation for all properties including those under construction and land, adjusting

for capex, acquisitions and disposals. The portfolio valuation decreased 1.2 per cent (H1 2025: 0.5 per cent increase) on a like-for-like basis driven mostly by the application of higher yields by the Group's incoming UK valuer. 14

4. EPRA NTA per share consistent with the 905p proforma Adjusted NAV we announced in our H1 2026 Trading Update after adjusting for profits, dividends and currency movements in the period. 5. SEGRO only (excluding joint

ventures), 32% including joint ventures

Earnings driven by strong 5.3% like-for-like NRI growth

+£5m

+£2m

£0m

+£3m

(£1m)

(£9m)

+£16m

Like-for-like

NRI

£245m

Adj EPS: 18.1p

£261m

Adj EPS: 19.3p

Net Rental Income growth: +£23m

Adjusted profit (proportionally consolidated)

Total cost ratio (excl. share based payments):

- 17.4% (H1 2025: 18.4%)3

Net finance costs:

£11m higher, reflecting higher weighted average cost of debt
Capitalised interest
£36m (H1 2025: £32m)
2026: c.£70m (reducing thereafter)

Group	5.3%
UK	6.6%
CE	3.3%

1H25	Like-for-like NRI	Completed	Net investment	Other²	JV fees	Admin expenses	Net finance	1H26
		developments					costs and tax

See slide 24 for more detail on the impact of acquisitions, disposals and development completions on net rental income.
Other includes -£2m takebacks for redevelopment, -£2m of lease surrenders and dilapidation income offset by +£4m of FX.
Including share base payments 18.1% (H1 2025: 19.0%). 15

Modest portfolio value decline driven by yield movements

Group

1.8%

ERV growth5

5.6% (+10bps)

Yield3

(1.2)%

Valuation change2

£19bn

Portfolio value1

1.1%

ERV growth5

5.7% (+10bps)

Yield3

0.1%

Valuation change2

£7bn

Continental Europe portfolio value1

2.3%

ERV growth5

5.6% (+20bps)

Yield3

(2.0)%

Valuation change2,4

£12bn

UK portfolio value1

Whole portfolio including acquisitions, land & developments, at SEGRO share.
Percentage valuation change based on difference between opening and closing valuation for all properties including those under construction and land, adjusting for capex, acquisitions and disposals.
Net True Equivalent yield.
UK portfolio valued by Cushman & Wakefield for the first time following the mandatory rotation of external valuers.
ERV growth based on assets held throughout at 30 June 2026.

See slide 25 for further information by country. 16

tenant deposits and uncommitted facilities.

A- senior unsecured / BBB+ Issuer Rating

6.3 years

Average debt maturity3

8.3x

Net debt:EBITDA1

Balance sheet remains strong

31%

Loan to value1,2

2.8%

Average cost of debt3

£1.5bn

Cash and undrawn facilities3,4

SEGRO only (excluding joint ventures). 2. 32% including joint ventures.

3. Including share of joint ventures. 4. Available cash and undrawn facilities, excludes See slide 31 for debt maturity profile

Over £1bn of incremental income opportunity embedded in our existing portfolio and development pipelines

Annualised gross cash passing rent1, £ million

30 June 2026 passing rent: £762m

464

128

223

101

Rent in

rent free

Vacant

space

Reversion

Current and

near-term

pre-let development opportunities²

Future

pipeline³

Land held

under option⁴

Data centre

development from

1.4GVA⁵ allocated pipeline

Total

incremental income

£1.1bn

incremental opportunity

£464m

data centre

£441m

industrial and logistics development

£224m

from existing portfolio

Further ERV growth

Indexation

Selective redevelopment

of assets

Acquisitions/

- disposals

1.1GVA

additional

power for data centre pipeline

Including JVs at share.
Near-term development opportunities include pre-let agreements subject to final conditions such as planning permission, which are expected to commence within the next 12 months.
Estimated based on the current expected completion date of projects to be developed on the Group's landbank, which incorporates a number of assumptions including planning, customer demand and procurement of construction contracts. Excludes development projects identified for sale on completion and from projects identified as "near-term opportunities".
Land secured by way of options or conditional on contract. 5. Power secured defined as contracted or allocated with ROFO as per local market convention. 18

We create the space that enables extraordinary things to happen

Positive momentum across industrial and logistics portfolio	Continued execution of data centre strategy	Strong financial performance supporting future growth opportunity

Q&A

2026 Half year results

Appendix

Supplementary information

Adjusted income statement

Half year to 30 June 2026

£m

Half year to 30 June 2025

£m Change

Gross rental income Property operating expenses	326 (46)	306 (42)
Net rental income	280	264 6.1 %
Joint venture management fee income	15	12
Other income	2	2
Administrative expenses	(34)	(33)
Share of joint ventures' adjusted profit after tax1	42	38
Adjusted operating profit	305	283 7.8 %
Net finance costs	(37)	(31)
Adjusted profit before tax	268	252 6.3 %
Tax	(7)	(7)
Adjusted profit after tax	261	245 6.5 %

Adjusted income statement

(JVs proportionally consolidated)

Half year to 30 June 2026 Half year to 30 June 2025

Group

£m

JVs

£m

Total

£m

Group

£m

JVs

£m

Total

£m

Gross rental income	326	75	401	306	68	374
Property operating expenses	(46)	(4)	(50)	(42)	(4)	(46)
Net rental income	280	71	351	264	64	328
JV management fee income1	15	(6)	9	12	(6)	6
Other income	2	1	3	2	1	3
Administration expenses	(34)	(1)	(35)	(33)	(1)	(34)
Adjusted operating profit	263	65	328	245	58	303
Net finance costs	(37)	(17)	(54)	(31)	(12)	(43)
Adjusted profit before tax	226	48	274	214	46	260
Tax	(7)	(6)	(13)	(7)	(8)	(15)
Adjusted profit after tax	219	42	261	207	38	245

Pro forma H1 2026 accounting net rental income

Group

£m

H1 2026

JVs

£m

Total

£m

Pro forma H1 2026 net rental income assuming disposals, acquisitions and let developments completed as at 1 January 2026

June 2026 net rental income	280	71	351
Incremental impact of:
Disposals since 1 Jan 2026	(4)	-	(4)
Acquisitions since 1 Jan 2026	-	-	-
Developments completed and let since 1 Jan 2026	2	-	2
One-off items	(2)	-	(2)
Pro-forma June 2026 Net rental income	276	71	347

Share of JV fee costs removed from JV net rental income (see slide 23)

Net rental income would have been

£4 million lower on this basis

Portfolio metrics by region

Capital growth (%)2

(1.2)

(2.0)

0.1

1.5

0.1

1.3

1.6

0.0

0.4

(1.3)

1.3

2.1

0.1

(0.1)

ERV

growth (%)3

1.8

2.3

1.1

Property yield (%)1

5.6

Group

5.6

UK urban: 1.7% UK big box: 5.2%

CE urban: 1.4% CE big box: 0.9%

5.7

Continental Europe

5.6

5.5

5.3

Germany Netherlands

France

6.1

6.9

5.2

5.8

Italy Spain Poland

Czech Republic

Net true equivalent yield. Yield on standing assets at 30 June 2026.
Whole portfolio including acquisitions, land & developments, at SEGRO share.
ERV growth based on assets held throughout at 30 June 2026. 25

Total cost ratio (proportionally consolidated)

Incl. joint ventures at share H1 2026

£m

H1 2025

£m

Gross rental income (less reimbursed costs)	399	372
Property operating expenses	46	42
Administration expenses	34	33
JV operating and administrative expenses	11	11
JV management fees and other costs recovered2	(19)	(16)
Total costs1	72	70
Of which share based payments	(3)	(2)
Total costs excluding share based payments	69	68
Total cost ratio	18.1 %	19.0 %
Total cost ratio excluding share based payments	17.4 %	18.4 %

Total cost includes wholly-owned vacancy property costs of £10 million (1H25: £8 million) and share of JV vacant property costs of £1 million (1H25: £1 million).
Includes JV Property management fee income of £15 million, management fees and other costs recovered £4 million (1H25: £12 million and £4 million respectively). 26

Balance sheet

(JVs proportionally consolidated)

30 June 2026 31 December 2025

Group

£m

JVs

£m

Total

£m

Group

£m

JVs

£m

Total

£m

Investment properties	15,734	3,044	18,778	15,998	3,042	19,040
Trading properties	1	-	1	1	-	1
Total properties	15,735	3,044	18,779	15,999	3,042	19,041
Investment in joint ventures	1,733	(1,733)	-	1,715	(1,715)	-
Other net liabilities	(654)	(239)	(893)	(601)	(248)	(849)
Net debt	(4,847)	(1,072)	(5,919)	(4,840)	(1,079)	(5,919)
Net asset value	11,967	-	11,967	12,273	-	12,273
EPRA adjustments			253			264
EPRA NTA	12,220			12,537
EPRA NTA, pence per share	902			925

EPRA NTA

Components of EPRA NTA change (pence), 31 December 2025 to 30 June 2026

+19 (19)

(21)

925

(1) (1)

Standing assets: (20p)

Land & Development: +1p

902

31 December 2025 H1 2026 EPS Realised and unrealised

property loss

Dividends Exchange rate Other (incl tax) 30 June 2026

EPRA performance measures

Half year to 30 June 2026 Half year to 30 June 2025 Year to 31 December 2025

£m Pence per share £m Pence per share £m Pence per share

EPRA earnings	261	19.3	245	18.1	495	36.6
EPRA NTA	12,220	902	12,330	910	12,537	925
EPRA NRV	13,486	995	13,585	1,003	13,827	1,020
EPRA NDV	12,293	907	12,379	914	12,590	929
EPRA LTV	34.4 %		33.1 % 33.6 %
EPRA net initial yield	4.3 %		4.1 % 4.2 %
EPRA topped-up net initial yield	4.7 %		4.6 % 4.6 %
EPRA vacancy rate	5.5 %		5.7 % 5.1 %
EPRA cost ratio (including vacant property costs)	18.1 %		19.0 % 20.4 %
EPRA cost ratio (excluding vacant property costs)	15.4 %		16.6 % 17.5 %

EPRA capital expenditure analysis

Six months to 30 June 2026 Six months to 30 June 2025

More than 64% of Completed

Group

£m

JVs

£m

Total

£m

Group

£m

JVs

£m

Total

£m

properties capex was for major refurbishment, infrastructure and fit-out costs prior to

Acquisitions	30	7	37	15	228	243
Development	144	32	176	175	5	180
Capitalised interest	35	1	36	31	1	32
Completed properties1	19	6	25	19	4	23
Other2	30	5	35	28	7	35
Total	258	51	309	268	245	513

re-letting which is expected to be value-enhancing rather than solely maintenance capex

Completed properties are those not deemed under development during the period.
Tenant incentives, letting fees and rental guarantees. 30

Diverse, long duration debt profile

Debt maturity profile

(as at 30 June 2026)

1,000

800

Debt profile, £m

600

400

200

2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 2041 2042

SEGRO bonds & US private placement notes SEGRO bank debt JV debt at share

Euro currency exposure and hedging

- €1.16:£1 as at 30 June 2026

€ assets 75% hedged by € liabilities
€1.8bn (£1.6bn) of residual exposure - 13% of Group NAV
Illustrative NAV sensitivity vs €1.16:

- +5% (€1.22) = -£74m (-5 pence per share)

- -5% (€1.10) = +£82m (+6 pence per share)

Loan to Value (on look-through basis) at €1.16:£1 is 32%
Sensitivity vs €1.16:

- +5% (€1.22) LTV -0.8%

- -5% (€1.10) LTV +0.8%

Average rate for 6 months to 30 June 2026 €1.15:£1
€ income 44% hedged by € expenditure (including interest)
Adjusted € profit after tax for the period €81m (£71m) - 27% of Group
Illustrative annualised adjusted profit after tax sensitivity versus €1.15:

- +5% (€1.21) = -£3.4m (-c.0.2 pence per share)

- -5% (€1.09) = +£3.7m (+c.0.3 pence per share)

Balance sheet, £m (30 June 2026)

6,000

Assets 75% hedged

5,000

4,000

3,000

2,000

1,000

Euro gross assets Euro debt Euro currency swaps Other euro liabilities

Adjusted profit after tax, £m (6 months to 30 June 2026)

250

Income 44% hedged

200

150

100

Euro income Euro costs

Look-through loan-to-value ratio and cost of debt

30 June 2026

£m

Weighted average interest rate, %

Hedging cover, %

excluding commitment fees and non-cash interest

including commitment fees and non-cash interest

Fixed Cover including

active caps

Group gross borrowings1	5,057	2.8	3.0	81 %
Group cash & equivalents	(176)	1.3	1.3
Group net borrowings	4,881	2.8	3.1	84 %
Joint venture gross borrowings1	1,236	3.0	3.2	100 %
Joint venture cash & equivalents	(156)	1.3	1.3
Joint venture net borrowings	1,080	3.2	3.5	114 %
'Look-through' gross borrowings1	6,293	2.8	3.1	84 %
'Look-through' net borrowings	5,961	2.9	3.2	90 %
Total properties (including SEGRO share of joint ventures)	18,699
'Look-through' loan to value ratio	32 %

Net debt: EBITDA (SEGRO Group)

12 months ending

30 June 2026

12 months ending

30 June 2025

12 months ending

31 December 2025

£m £m £m

Gross rental income	657	615	637
Property operating expenses	(98)	(91)	(94)
Administrative expenses	(74)	(74)	(73)
Other fee income	4	2	4
JV management fee income	28	24	25
Add back depreciation	15	14	17
Dividends received (incl from JVs)	54	32	63
EBITDA	586	522	579
Net debt	4,847	4,608	4,840
Net debt: EBITDA	8.3x	8.8x	8.4x

Customers

1,358

Top 20 customers

32%

of total group headline rent

Transport and logistics

25%

Retail

17%

Manufacturing

15%

Post and parcel delivery

10%

Wholesale and retail distribution

Data centre providers

Services and utilities

Largest customer

of total group headline rent

Other

TMT

High quality, diverse and growing customer base1

Development

pipeline

Area

(sq m)

Estimated cost

to complete (£m)

Potential gross

rent (£m)

Development

yield4

Proportion

pre-let

Expected

delivery

£441m of potential rental income from logistics and industrial development

Midlands

Amsterdam

Warsaw

Berlin

Poznań

Łódź

London &

Western Corridor

Dortmund

Düsseldorf

Stryków

Wroclaw

Cologne

Frankfurt

Leipzig

Prague

Gliwice

Paris

Munich

Lyon

Milan

Bologna

Marseille

Rome

Barcelona

Madrid

SEGRO land bank (30 June 2026)

Current1 764,866	3223	65	7.5%	65% 1-12 months
Near-term 174,400 pre-lets2	193	25	7.2 %	100 % 12-18 months
Future2 2.0m	2,076	223	8.1 %	- 1-7 years
Total 3.0m	2,591	313		- 1-10 years
Optioned c.1.3m land5		128		- 1-10 years

Potential annualised gross rent from current, near-term and future pipeline6, by asset type (£313m at 30 June 2026)

Potential annualised gross rent from current, near-term and future pipeline6, by region (£313m at 30 June 2026)

Urban (42%)

Big box (58%)

Continental Europe (39%)

UK (61%)

1. Includes one powered shell data centre project under construction. 2. Future development pipeline in the 2026 Half Year Property Analysis Report.

3. Capex already incurred is £221m. 4. Estimated average yield on total development cost.

5. Land secured by way of options or conditional on contract. 6. Excludes optioned land. 36

Data centre power bank phasing

1 Available to lease now

3 Available to lease by 2033

Location

# sites

MVA

FLAP-D

Power on

Model

Planning status

Location

# sites

MVA

FLAP-D

Power on

Model

Planning status

London (STE)1

☑

Now

Under Construction

London

200

☑

In progress

London

☑

2028

Approved

London (STE)1

100

☑

Approved

Paris

☑

2028

Approved

Total

300

Paris

☑

2029

Ongoing

Total

265

2 Available to lease by 2028 4 Additional power

London

Slough Trading Estate

Berlin

Dusseldorf

Frankfurt

Milan

Power on date:

2030-2038

1.1 GVA2

Location	# sites	MVA	FLAP-D	Power on	Model	Planning status
Milan	2	265	-	2029/31	FF/Sale	Ongoing
London (STE)1	5	350	☑	2030	FF	Approved
Marseille	1	40	-	2030	FF	Ongoing
Warsaw	2	50	-	2030	Sale	Ongoing
Turin	1	110	-	2029	Sale	Ongoing
Total	11	815

Slough Trading Estate , planning approved under Simplified Planning Zone.
Power confirmed with ROFO or provisionally allocated (firm costs, dates and conditions to be confirmed). Expected connection dates 2030-2038. 37

Data centre value accretion occurs throughout the development process

Indicative value creation journey of fully fitted data centre from non-data centre land:

Land, planning and power value-add Construction & fit-out (2-4 years) Stabilisation / potential for exit

Average value creation

Pre-let with

hyperscaler

Practical

completion

100%

85%

20%

Non-data centre land

Power + Planning Lease

Shell construction Fit-out

Rent starts

Operations

Actions

Targets

Context

Positioning SEGRO to deliver on its purpose

Championing

Low-carbon growth

SEGRO recognises that the world faces a climate emergency, and we are committed to playing our part in tackling climate change, by limiting global temperature rise to less than 1.5°C, in tandem with growth in our business and the wider economy.

Become a net-zero carbon business by 2050.

2034 interim target 80% reduction in corporate and customer emissions intensity vs 2023 baseline
2034 interim target 58% reduction in embodied carbon in developments intensity vs 2023 baseline

We will aim to reduce carbon emissions from our development activity and the operation of our existing buildings and eliminate them where possible. We will research and implement innovative approaches to absorb or offset residual carbon.

Investing in our local communities and environments

SEGRO is an integral part of the communities in which it operates, and we are committed to contributing to their long-term vitality.

By 2025, we have created and implemented Community Investment Plans for every key market in our portfolio. We are now focused on expanding participation, alongside data collection and analysis. We have annual targets to expand employee and other stakeholder participation in our volunteering programmes.

We will work with our customers and suppliers to support our local economies. We will help improve the skills of local people to enhance their career and employment opportunities, by investing in local training programmes.

Equally, we will enhance the spaces around our buildings, working with local partners to ensure we meet the needs of our communities.

Nurturing talent

SEGRO's people are vital to and inseparable from its success, and we are committed to attracting and retaining a diverse range of talented individuals in our business.

Increase the overall diversity of our own workforce throughout the organisation:

We reached our target of 40% female representation in senior leadership roles
2027 target of 15% for senior leadership representation from an ethnic minority background

We will provide a healthy and supportive working environment, develop fulfilling and rewarding careers, foster an inclusive culture and build diverse workforce.

SEGRO European Logistics Partnership (SELP) headline figures

+5.7%

Net true equivalent yield

€6.8bn

Land and assets

Assets under Management

(as at 30 June 2026)

€2.5

+0.9%

ERV growth

-0.1%

Capital value change

€2.0bn

€2

Assets under management, €bn

€1.6bn

€414m

ERV

€367m

Headline rent

€1.5

€1

€0.5

€0

€0.8bn

€1.1bn

37%

LTV ratio

97.2%

Occupancy rate

€0.6bn

€0.7bn

Germany Poland/ Czech

Italy France Spain Netherlands

AUM at inception AUM Growth