Segro Plc reports a 21% Q1 rent roll increase, supported by favorable occupier market dynamics.

Segro Plc reported a 21% increase in Q1 rent roll, supported by favourable occupier market dynamics. The company completed or exchanged on £159M of disposals in 2024 at prices above December 2023 book value. Industrial and logistics asset values are stabilising, and Segro aims to grow its passing rents by more than 50% in the next three years to achieve an average yield on cost of between 7-8%.