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
Bonds
With details about our Green Euro Bond portfolio, the Sterling Bond portfolio, Bond Prospectus downloads and Euro Medium Term Note Programme Downloads
Find out moreJoint Venture Debt
SEGRO owns 50% of the SEGRO European Logistics Partnership (SELP) joint venture.
Find out moreDebt Investor Relations Contacts
Visit this page for details on the relevant debt investor relations contacts
Find out more