https://www.investegate.co.uk/segro-plc ... LC%20Alert
· SEGRO announces a strong set of operating, financial and portfolio performance metrics, and another record year of development, the majority of which has already been leased.
· Adjusted pre-tax profit, up 24.4 per cent, reflects our development success and our focus on customer and portfolio management, which delivered high customer retention rates, like-for-like rental growth and a low vacancy rate.
· Adjusted EPS of 23.4 pence, including 1.2 pence net impact from a performance fee from SELP. Excluding the (non-recurring) performance fee, the adjusted EPS would be 22.2 pence, an increase of 11.6 per cent compared to 2017 (19.9 pence). IFRS EPS of 105.4 pence (2017: 98.5 pence) also includes the impact of the 10.7 per cent increase (2017: 13.6 per cent increase) in the value of our portfolio.
· EPRA NAV per share up 16.9 per cent to 650 pence (31 December 2017: 556 pence).
· Future earnings prospects underpinned by 1.3 million sq m of development projects under construction or in advanced pre-let discussions. The projects under construction are all due to complete in 2019 and are expected to generate £46 million of rent, almost three quarters of which has been secured through pre-lets and lettings prior to completion. Our land bank and land under our control provide significant potential for further growth.
· 2018 full year dividend increased by 13.3 per cent to 18.8 pence (2017 dividend: 16.6 pence). Final dividend increased by 16.7 per cent to 13.25 pence (2017: 11.35 pence).
FINANCIAL CALENDAR
2018 final dividend ex-div date - 21 March 2019
2018 final dividend record date - 22 March 2019
2018 final dividend scrip dividend price announced - 28 March 2019
2018 final dividend payment date - 2 May 2019
2019 First Quarter Trading Update - 17 April 2019
Half Year 2019 Results - 23 July 2019
Ian