Earnings Alerts

Segro PLC (SGRO) Earnings Report: 1Q Occupancy at 94.5% with £29 Million New Rent Revenue

  • Segro’s occupancy rate is recorded as 94.5% in the first quarter of the year 2024.
  • A favourable market for occupiers coupled with Segro’s prime urban and big box portfolio and leading operating platform has led to a significant increase in headline rent.
  • During the first quarter, Segro signed £29 million worth of new headline rent.
  • Analyst opinions on Segro’s performance are varied with 15 buys, 5 holds, and 2 sells.

A look at Segro PLC Smart Scores

FactorScoreMagnitude
Value4
Dividend3
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.2

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 garnered positive ratings across multiple key factors according to Smartkarma Smart Scores. With a high score in Value and Momentum, the company demonstrates strong potential for long-term growth and attractiveness for investors. Additionally, its respectable scores in Dividend and Growth indicate stability and room for expansion in the future. However, its lower score in Resilience suggests a potential vulnerability to market fluctuations. Overall, SEGRO PLC’s Smart Scores paint a promising outlook for the company’s performance and strategic positioning in the market.

SEGRO PLC, a leading provider of flexible business space across Europe, encompasses offices, light industrial, logistics, warehouses, and data center properties. The company’s strong performance in Value, Momentum, Dividend, and Growth signals a positive trajectory for its long-term prospects. Despite facing some challenges in Resilience, SEGRO PLC’s overall Smart Scores endorsement positions it favorably for potential growth and stability in the property investment and development sector.


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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