SEGRO has posted a year-on-year increase of 4.8% in the value of its portfolio at 31 December 2016, or 3% in the second half, after an independent valuation of its assets.
The industrial property specialist said there had been continued strong operational performance since its last trading update in October 2016, and that 19 of the 27 development projects that it had in its active programme at 30 June 2016 were completed.
“SEGRO has continued to deliver a strong operational performance, with good leasing activity and strong like-for-like rental growth, particularly in the UK, and further encouraging progress with the development pipeline,” the firm said in a statement.
“As a result, SEGRO expects adjusted EPS for the year to 31 December 2016 to be at the upper end of the range of analysts’ estimates.”
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