The revaluation pace halved in H1 19 vs. H1 18 (in £). Yield compression stopped in the UK and slowed in Continental Europe. The topline itself should slow from H1 20. Our opinion is that the strong premium vs. NNNAV doesn’t reflect the full Brexit risk, despite a very nice set of operational figures.
24 Jul 2019
Does e-commerce exposure fully cover the Brexit one ?
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Does e-commerce exposure fully cover the Brexit one ?
SEGRO plc (SGRO:LON) | 841 107.6 1.5% | Mkt Cap: 11,254m
- Published:
24 Jul 2019 -
Author:
Christian Auzanneau -
Pages:
5
The revaluation pace halved in H1 19 vs. H1 18 (in £). Yield compression stopped in the UK and slowed in Continental Europe. The topline itself should slow from H1 20. Our opinion is that the strong premium vs. NNNAV doesn’t reflect the full Brexit risk, despite a very nice set of operational figures.