The consensus has been collated from estimates submitted by analysts to SEGRO, during the period 18 January to 24 January 2023, using a standard template. The information is provided purely for convenience to users of our website, for information purposes only. SEGRO neither endorses, nor accepts responsibility for, any material published or relied upon by any analyst from which the figures presented are calculated, nor does it endorse or accept responsibility whatsoever for the views of these or any other analysts reporting on the company. In particular, SEGRO makes no warranty or representation as to the accuracy of the research, the reasonableness of any assumptions or projections or the likelihood of achieving the figures set out. SEGRO has not commented on or verified any individual estimates, nor does it intend to do so in the future, and SEGRO shall not be liable for any errors in the content of the research material, or for any action taken in reliance thereon. Furthermore, SEGRO may at any time be in possession of information that may affect the research and has not commented upon, reviewed or updated, and is under no obligation to comment upon, review or update, the research.
Nothing contained herein should be taken as a recommendation to buy or sell shares in SEGRO or to take or refrain from taking any other action or to place any reliance on any of the information set out on our website. When making an investment decision you should seek the advice of an independent financial adviser.
The figures are calculated based on a simple average (mean) of the constituents and are not altered or adjusted in any way by SEGRO other than as stated. The range reflects the highest and lowest estimate for each indicator. It should be noted that estimates are by definition forward looking and as such are speculative and are therefore subject to risks and uncertainties that may materially affect eventual results. Although SEGRO will endeavour to procure that the figures presented are kept updated in accordance with the methodology set out above, SEGRO assumes no obligation to update, revise or supplement the figures presented.
Estimates last updated on or prior to 31st October 2022 have been excluded from this consensus.
Adjusted Earnings per share (excluding SELP performance fee)
Some of the Adjusted EPS estimates published by sell-side analysts include the impact of the potential SELP performance fee payable in October 2023 but this has been applied inconsistently so we have also calculated a consensus underlying EPS which excludes the impact of this and is shown in the following table:
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Adjusted Earnings per share
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Adjusted NAV per share
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Dividend per share
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Brokers contributing to consensus average:
Bank of America, Barclays, Berenberg, BNP Paribas Exane, Goldman Sachs, Green Street, JP Morgan, Van Lanschot Kempen, Kepler Cheuvreux, Liberum, Morgan Stanley, Panmure Gordon, Peel Hunt, RBC, Société Générale, Stifel, UBS.
Investment case introduction
We are a UK Real Estate Investment Trust (REIT), listed on the London Stock Exchange and Euronext Paris, and a leading owner, asset manager and developer of modern warehouses and industrial properties.
For the most recently published financial highlights.Find out more
Where we do it
Discover the geographical split by value of our assets.Find out more
Key Performance Indicators
All the financial Key Performance Indicators from the most recent Annual Report and Accounts.Find out more
Green Finance Framework
Our commitment to be a force for societal and environmental good is integral to our purpose and strategy.Find out more
The consensus has been collated from estimates submitted by analysts to SEGRO.Find out more