SEGRO Posts Strong Results for First Half of 2026

SEGRO plc reported robust performance in the first half of 2026, highlighted by a 5.3% rise in like-for-like net rental income. Earnings per share grew by 6.6%, supported by £24 million in new pre-leases and a strong development pipeline. SEGRO's strategy of disciplined capital allocation yielded £308 million in disposals above book value, with development capital expenditures projected between £500 and £550 million for the year.

Significant advances were made in SEGRO's data centre strategy, adding 0.5GVA to its power bank. Planning was approved for its first fully fitted data centre at Park Royal, London, and a venture with Pure Data Centres was announced for its first fitted centre in Paris.

The company's balance sheet remains stable, with a loan-to-value ratio of 31% and an average cost of debt at 2.8%. SEGRO expects to continue benefiting from favorable supply-demand dynamics in key European markets, anticipating continued growth in earnings and dividends.