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Overview and Strategy

Our high-quality pan-European industrial warehouse portfolios with a diverse customer base generate long-term rental growth and performance. The framework for financing and funding our portfolio is summarised below:

1Based on gross debt, excluding commitment fees and non-cash interest.

2Net rental income/Adjusted net finance costs (before capitalisation)

Sources of Debt Funding

As at 30 June 2024

Debt Maturity Profile

SEGRO Group & JV’s and associates at share, as at: 30 June 2024

£m

Credit Rating

Credit ratings accurate as at 26 July 2024

 

SEGRO

Last rating action

Issuer rating Senior unsecured rating
Fitch       

23 May 2024 (Affirmed)      

BBB+

A-

 

SELP  Last rating action Issuer rating Senior unsecured rating
Fitch 06 June 2024 (Affirmed) BBB BBB+
Moody's 08 July 2022 (Affirmed) Baa2 Baa2

Loan to Value and Cost of Debt

SEGRO Group & JV’s and associates at share, as at: 30 June 2024

SEGRO owns 50% of the SEGRO European Logistics Partnership joint venture (SELP), information can be found here.

Contacts

Harry Stokes (Commercial Finance Director)
E. Harry.Stokes@SEGRO.com

Stephen Betts (Treasurer)
E. Stephen.Betts@SEGRO.com

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Treasury Policy

With details about gearing, FX hedging and interest rate.

Find out more
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Bonds

With details about our Green Euro Bond portfolio, the Sterling Bond portfolio, Bond Prospectus downloads and Euro Medium Term Note Programme Downloads

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US Private Placements

Full details regarding the US Private Placement portfolio

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Bank Facilities

With the relevant information on our bank facilities

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Joint Venture Debt

SEGRO owns 50% of the SEGRO European Logistics Partnership (SELP) joint venture.

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Debt Investor Relations Contacts

Visit this page for details on the relevant debt investor relations contacts

Find out more