SEGRO Reports Strong Third Quarter with Increased Letting Activity

SEGRO plc has announced its trading update for the period ending 30 September 2025, highlighting a strong third quarter driven by improved occupier sentiment. The company signed £22 million in new rent during this period, totaling £53 million year-to-date. SEGRO reports maintaining high occupancy and customer retention rates of 94.3% and 86% respectively.

The company's development program shows momentum, with the most productive quarter of pre-lettings since early 2024. SEGRO signed £7 million in pre-let deals, with more projects under discussion. Their data center joint venture is preparing a planning application, aiming to capitalize on Europe's prime data center markets.

SEGRO continues its disciplined capital allocation, investing £286 million into its development pipeline. New financial facilities are secured, maintaining a robust balance sheet that supports future growth opportunities. SEGRO plans to leverage its landbank and data center initiatives for compounded earnings and dividend growth.