- Adjusted pretax profit for the first half of 2024 was GBP 227 million, a 15% increase from the previous year (GBP 198 million).
- IFRS pretax profit was GBP 235 million, significantly improved from a loss of GBP 33.0 million the previous year.
- Adjusted earnings per share (EPS) were 17.0 pence, slightly below the estimate of 17.1 pence but higher than last year’s 15.9 pence.
- EPRA net asset value (NAV) per share was 891 pence, which fell short of the 912 pence estimate.
- The interim dividend per share increased to 9.1 pence from 8.7 pence last year, but was below the 9.3 pence estimate.
- Like-for-like rental income increased by 5.3%.
- Total revenue for the period was GBP 327.0 million, falling short of the GBP 369 million estimates.
- Capital expenditure for the year is projected to be around GBP 500 million, close to the estimate of GBP 505.9 million.
- Net asset value per share declined by 1.8% to 891 pence.
- Segro signed GBP 48 million worth of new rent in the first half of the year.
- Net rental income increased by 7% to GBP 306 million in the first half of the year.
A look at Segro PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
SEGRO plc, a property investment and development company, has been assessed using Smartkarma Smart Scores to gauge its long-term outlook. With a solid score of 4 for Value and Momentum, the company seems well-positioned in terms of its financial valuation and market momentum. Additionally, receiving a score of 3 for both Dividend and Growth indicates a steady performance in terms of shareholder returns and business expansion. However, with a score of 2 for Resilience, there might be some concerns about the company’s ability to withstand economic challenges.
Overall, SEGRO plc, a company providing flexible business spaces across Europe, shows promise based on its Smart Scores. While scoring well in areas such as Value and Momentum, there are areas like Resilience where improvements could be made. Investors considering long-term prospects may find SEGRO plc an attractive option given its strengths in certain key factors.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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