Segro published positive FY15 figures as expected: a rental lfl growth of 4.2% (o/w 5.2% from the UK and 1.2% from Continental Europe). PBT stood at £686.5m from £654.4m yoy, and EPS at 18.4p gained 7% yoy. The dividend stands at 15.6p (up 3.3% yoy) and the NAV gained 21% to reach 463p. Cost of debt stood at 3.7% from 4.4% yoy, net debt has increased to £1.8bn, however the LTV remained tamed at 38% from 40%. Management maintains its confidence in the positive momentum of its

20 Feb 2016
Positive FY15 results, target raised to 484p from 473p

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Positive FY15 results, target raised to 484p from 473p
SEGRO plc (SGRO:LON) | 814 -66.8 (-1.0%) | Mkt Cap: 9,994m
- Published:
20 Feb 2016 -
Author:
Alda Kule Dale -
Pages:
2 -
Segro published positive FY15 figures as expected: a rental lfl growth of 4.2% (o/w 5.2% from the UK and 1.2% from Continental Europe). PBT stood at £686.5m from £654.4m yoy, and EPS at 18.4p gained 7% yoy. The dividend stands at 15.6p (up 3.3% yoy) and the NAV gained 21% to reach 463p. Cost of debt stood at 3.7% from 4.4% yoy, net debt has increased to £1.8bn, however the LTV remained tamed at 38% from 40%. Management maintains its confidence in the positive momentum of its