- Capital Expenditure Forecast: Segro maintains its capital expenditure forecast at around £500 million for the full year 2024, despite estimates suggesting a higher figure of £567.3 million.
- Occupancy Rates: The company reported an occupancy rate of 94.3% for the third quarter.
- Revenue Report: Segro has signed £58 million in new headline rent so far in 2024, surpassing the figures from the same period last year.
- Positive Outlook: The company remains confident in its outlook for the remainder of the year, with expectations of strong performance into the final months of 2024.
- CEO Comments: The CEO stated that liquidity is returning to investment markets, indicating a promising business environment.
- Analyst Ratings: Segro has 10 ‘buy’ ratings, 5 ‘hold’ ratings, and only 1 ‘sell’ rating from analysts.
A look at Segro PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| 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, seems to have a promising long-term outlook based on its Smartkarma Smart Scores. With strong scores in value, resilience, growth, momentum, and dividend, the company appears well-rounded in key performance factors. This indicates a positive outlook for Segro PLC, suggesting that it may offer good value for investors looking for a stable and growing investment in the real estate sector.
SEGRO plc is known for providing flexible business space across Europe, including offices, light industrial properties, logistics facilities, warehouses, and data centers. With its solid Smart Scores across various categories, Segro PLC seems well-positioned to continue its growth and resilience in the ever-changing real estate market landscape, making it a potential attractive investment opportunity for those seeking stability and potential for long-term growth.
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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