SEGRO Reports Strong Earnings and Dividend Growth in H1 2025

SEGRO plc has announced robust financial results for the first half of 2025. The company achieved a like-for-like net rental income growth of 7.8%, driven by effective rent reversion strategies, which contributed to earnings and dividend growth of 6.5% and 6.6% per share, respectively. Significant advancements in development prospects were noted, including a rise in the near-term development pipeline and high demand for SEGRO's urban spaces.

Data center developments are underway, highlighted by a joint venture to create a fully fitted data center and plans for a large land-enabled power bank. The portfolio's valuation increased by 0.5% to £18.5 billion, reflecting continuous asset management efforts and rental growth.

CEO David Sleath emphasized SEGRO's sustainable portfolio and strategic landbank, poised to support continued earnings growth. The focus remains on expanding development opportunities and enhancing the data center platform for substantial value creation.