Annual Report and Accounts 2025
Strategic report
David Sleath, Chief Executive
"2025 was a successful year for SEGRO, despite the challenging geopolitical and macroeconomic environment. We contracted a record level of new rent, which has helped us to deliver growth in both earnings and dividends, whilst our broader business initiatives have created significant value for all of our stakeholders."
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New headline rent contracted
2024: £91m
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+6.0%
Like-for-like NRI growth
2024: +5.8%
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36%
Uplift from rent reviews and renewals
2024: 34%
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12%
Reduction in the embodied carbon intensity of our developments
Championing low-carbon growth
2024: 4% reduction
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1,227
Total volunteering days
Investing in local communities and environments
2024: 973
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41%
of women in senior leadership roles
Nurturing talent
2024: 36% with target of 40% in 2025
Performance and financial review
"During 2025 we delivered growth in earnings, dividends and asset values and the balance sheet is strong going into 2026.”
Susanne Schroeter, Chief Financial Officer
Responsible SEGRO
"Responsible SEGRO is a long-term priority that aims to generate value both for us and for our stakeholders. We will continue to evolve in response to our changing environment to keep delivering mutual gain.”
Paul Dunne, Managing Director, Operations, Digital and Customer
Governance
"As Chair of SEGRO, I am pleased to introduce our Board’s Governance Report for 2025.
Our well-established governance framework remains robust and continues to underpin the Board’s decisions that drive the Company’s long-term sustainable success."
Andy Harrison, Chair