Analysts expect positive results and dividend increase

  • Segro set to report higher rental revenue and swing to profit in 2023
  • Net rental revenue forecasted to be £536.2 million, up from £412 million in the previous year
  • Pretax profit expected to be £369.15 million, compared to a loss of £1.97 billion in the previous year
  • Shares have fallen 7.5% year to date and 1% over the last 12 months
  • Analysts expect broad progress in rental growth and development activity
  • Rebasing of yields in 2023 will impact portfolio valuation
  • Expected rise in full-year dividend to 27.66 pence per share

Segro is scheduled to report its 2023 results on Friday. Analysts forecast an increase in net rental revenue to £536.2 million, up from £412 million in the previous year. The company is also expected to swing to a pretax profit of £369.15 million, compared to a loss of £1.97 billion in the previous year. Despite a decline in share prices, analysts anticipate broad progress in rental growth and development activity. The rebasing of yields in 2023 will impact the portfolio valuation, with the EPRA net tangible asset forecasted to fall 3.7% to 930 pence per share. Additionally, a rise in the full-year dividend to 27.66 pence per share is expected.

Public Companies: Segro (N/A)
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Factuality Level: 8
Justification: The article provides specific information about Segro’s expected net rental revenue and pretax profit for 2023, as well as the previous year’s figures. It also includes analyst forecasts and expectations for rental growth, development activity, and dividend. The information is sourced from FactSet, a reputable financial data provider.

Noise Level: 7
Justification: The article provides relevant information about Segro’s upcoming financial results, including net rental revenue and pretax profit forecasts. It also includes analyst opinions and expectations. However, the article lacks in-depth analysis, scientific rigor, and actionable insights. It mainly focuses on financial figures and does not explore long-term trends or antifragility.

Financial Relevance: Yes
Financial Markets Impacted: Segro

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article provides financial information about Segro’s expected net rental revenue and pretax profit for 2023. There is no mention of any extreme events.

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