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UK-listed REIT owning and developing warehouses and light-industrial/logistics properties across the UK and Continental Europe.
UK-listed REIT owning and developing warehouses and light-industrial/logistics properties across the UK and Continental Europe.
Earns rent from tenants on leases that reset to market rents at reviews or rise with inflation, and adds returns by building new warehouses on land it already holds. Holdings are weighted to the UK, with the rest in continental Europe. As a REIT it passes most rental profit to shareholders as dividends.
In one line: A UK/European logistics REIT, like a smaller Prologis.
Moat: narrow (scale, installed base). A well-located land bank near major cities/transport hubs is scarce, but real estate returns still follow rent/cap-rate cycles.
Headquarters: London, UK · Founded: 1920
Size SEGRO (SGRO.L) is a United Kingdom Real Estate company (Real Estate Investment Trusts) with a market value of $16.6B, the 38th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £913.40 on 6 Nov 2026.
Performance Over six months the shares gained 32.6%, against -1.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 6.6% over the last twelve months (peer median +4.4%); the operating margin is 69.4% (peer median 33.0%).
Valuation It trades at 1.03× book value against a peer median of 2.06× (3rd cheapest of 20).
Price implies The share price implies a return on equity of about 14.8%; SEGRO delivers 2.5%, so the price asks more than the business earns today.
Credit SEGRO has 5 bonds outstanding ($2.47B), rated A- by the agencies and trading like A at a weighted spread of 100 bp.
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £745M | £726M | £675M | £749M | £669M |
| Revenue growth | — | +8% | -10% | +12% | — |
| Gross profit | £575M | £557M | £521M | £583M | £451M |
| EBITDA | £532M | £479M | £468M | £554M | £201M |
| Net income | £298M | £551M | £594M | -£253M | -£1.93B |
| Free cash flow | £423M | £367M | £306M | £402M | £204M |
| Capital expenditure | £29.0M | £29.0M | £24.0M | £29.0M | £9.00M |
| Total debt | n/a | £5.03B | £4.68B | £5.42B | £4.96B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| SEGRO SGRO.L | $16.6B | +33% | +7% | 2% | 1.03× | 14.8% |
| Prologis PLD | $123B | -11% | +7% | 8% | 2.16× | 20.9% |
| Warehouses De Pauw WDP.PA | n/a | -13% | n/a | n/a | n/a | n/a |
| Goodman GMG.AX | $39.6B | -11% | +17% | 12% | 2.28× | 26.9% |
| LondonMetric Property LMP.L | $6.16B | +2% | +17% | 7% | 0.93× | 12.6% |
| AB Sagax SAGA-A.ST | $6.96B | +5% | +5% | 15% | 1.91× | 16.3% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SGRO.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.6% | +7.3% | lowest of 21 |
| 6-month return | +32.6% | -1.2% | highest of 21 |
| Return on equity | 2.5% | 7.4% | 2nd lowest of 20 |
| Price / book | 1.03× | 2.06× | 3rd cheapest of 20 |
| Trailing P/E | 41.5× | 25.2× | 4th most expensive of 18 |
| ROE the price implies | 14.8% | 15.2% | 9th least demanding of 20 |
| ROE delivered | 2.5% | 7.4% | 2nd lowest of 20 |
| Bond spread | 100 bp | 93 bp | 6th widest of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| SEGRO SGRO.L | United Kingdom | $16.6B | +33% | +7% | 2% | 1.03× | 14.8% | 2.5% |
| Host Hotels & Resorts HST | United States | $16.9B | +15% | +5% | 16% | 2.64× | 22.6% | 15.8% |
| Kimco Realty KIM | United States | $17.0B | +10% | +3% | 7% | 1.67× | 13.9% | 7.2% |
| Lamar Advertising LAMR | United States | $15.8B | -1% | +4% | 59% | 16.13× | 134.1% | 58.9% |
| Essex Property Trust ESS | United States | $17.5B | +4% | +5% | 6% | 3.30× | 20.8% | 6.4% |
| Invitation Homes INVH | United States | $15.6B | -5% | +5% | 7% | 1.79× | 13.6% | 7.4% |
| Weyerhaeuser WY | United States | $15.1B | -10% | -1% | 5% | 1.61× | 13.6% | 4.8% |
| W. P. Carey WPC | United States | $15.0B | -12% | +9% | 8% | 1.71× | 12.9% | 7.7% |
| Annaly Capital Management NLY | United States | $14.8B | -17% | +23% | 7% | 1.05× | 11.8% | 7.3% |
| CapitaLand Integrated Commercial Trust C38U.SI | Singapore | $14.6B | +2% | +5% | 8% | 1.09× | 6.1% | 7.6% |
| Omega Healthcare Investors OHI | United States | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% | 14.2% |
| Sun Communities SUI | United States | $14.4B | -4% | -19% | 5% | 2.76× | 18.4% | 5.3% |
| Healthpeak Properties DOC | United States | $14.3B | +4% | +9% | 5% | 1.78× | 15.1% | 4.9% |
| SBA Communications SBAC | United States | $19.8B | -13% | +2% | n/a | n/a | n/a | n/a |
| Link REIT 0823.HK | Hong Kong | $13.8B | +3% | -3% | -5% | 0.71× | 5.9% | -4.7% |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% | 7.0% |
| Regency Centers REG | United States | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% | 8.2% |
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% | 7.8% |
| Scentre SCG.AX | Australia | $13.1B | -1% | -4% | 10% | 0.97× | 11.6% | 10.4% |
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% | 4.0% |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 22% | 6.99× | 37.4% | 22.3% |
SEGRO has 5 bonds outstanding with $2.47B face value. The agencies rate it A-; its bonds trade like A. Weighted yield 4.71%, a spread of 100 bp over government bonds.