Segro posts strong profits

Segro has posted strong profits for the year ending 31 December 2021.

The group posted pre-tax profits of £356m, which is a 20% jump from the year previous.

The group raised its dividend 11% to 16.9 pence.

David Sleath, chief executive of the group commented: “2021 was a highly successful year for SEGRO as reflected in our full year results which include a £4.1bn portfolio valuation uplift and record levels of rental growth. 

“Investor and occupier supply-demand dynamics in the industrial and logistics sector remain very favourable, led by the long-term trends of digitalisation, supply chain resilience and an increasing focus on sustainability.”