Updates

Segro - Strong lettings growth

June 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.

The industrial sector remains the strongest performing mainstream commercial property sector according to Liberum, and Segro remains well placed to benefit. First quarter figures showed good levels of pre-letting and take-up for its upscaled development pipeline; £27m of new rent was contracted while almost 147,000 sq metres of new space was completed, which could add a further £10.9m annual rent. A further 1 million sq metres space remains approved or under development, which could add another £55m rent and is 69% pre-let with an expected net initial yield of 7.3%.Vacancy rates remain low at just 5%, while net debt (£2.4bn) and loan to value (30%) remain stable.Highlighted at 616p last month, Segr ...

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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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