The group has reported encouraging interim results, showing it is still taking advantage of the European logistics’ good dynamics. It logged a 43% rise in the total contracted headline rent for the nine months to 30 September 2018 from £36.4m (9M 2017) to £52m. New leasing activity in Q3 18 contributed £12.6m, including £4.2m in rent from existing space. The rent on renewals and reviews rose up by 9.5% ytd (vs. 5.5% in FY17). The only negative point was the vacan
17 Oct 2018
Still good dynamics
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Still good dynamics
SEGRO plc (SGRO:LON) | 850 8.5 0.1% | Mkt Cap: 11,371m
- Published:
17 Oct 2018 -
Author:
Laura Parisot -
Pages:
2
The group has reported encouraging interim results, showing it is still taking advantage of the European logistics’ good dynamics. It logged a 43% rise in the total contracted headline rent for the nine months to 30 September 2018 from £36.4m (9M 2017) to £52m. New leasing activity in Q3 18 contributed £12.6m, including £4.2m in rent from existing space. The rent on renewals and reviews rose up by 9.5% ytd (vs. 5.5% in FY17). The only negative point was the vacan