Updates

Segro

December 2018

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Industrial REIT Segro’s third quarter update for the period to 16 October showed it generated £12.6m of new rent (Q3 17: £8.8m) while the total rent roll for the nine months to 30 September was £52m (9m to 09/17: £36.4m). That’s an impressive 43% growth rate over 2017, which itself was a terrific year. While the vacancy rate increased slightly from 4.8% to 5.2%, that reflected completion of speculative developments in the period.The group completed 219,800 sq. meters of new developments in the quarter, capable of generating £10.6m of headline rent and £8.5m has already been leased.Segro’s development pipeline is progressing well with 891,000 sq. meters space (30 June &rsqu ...

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With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

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