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Performance and financial review

Performance and financial review

Susanne Schroeter, Chief Financial Officer

"During 2025 we delivered growth in earnings, dividends and asset values and the balance sheet is strong going into 2026.”

See our KPIs

Financial highlights

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£509m

Adjusted profit before tax

2024: £470m

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£560m

IFRS profit before tax

2024: £636m

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£1.9bn

Available cash and undrawn committed facilities

2024: £2.1bn

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31%

Loan to value ratio

2024: 28%

Operational highlights

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£99m

New headline rent contracted

2024: £91m

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36%

Uplift on rent reviews and renewals

2024: 34%

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91%

Customer satisfaction

2024: 86%

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94.9%

Occupancy

2024: 94.0%

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£29m

Potential rent from development completions

2024: 37m

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+6.0%

Like-for-like NRI growth

2024: +5.8%

UK 2025 key highlights

  • Strength of the Park Royal and Heathrow market, which represents 40 per cent of our UK portfolio and delivered 4.7 per cent ERV growth.
  • Significant progress capturing reversion, delivering a record 46 per cent uplift on rent reviews and renewals.
  • Great headway in making our market-leading big box logistics sites ‘construction-ready’.
  • Enhanced our capabilities with the creation of a new energy team, and added 190MVA to our UK data centre pipeline.

View our detailed regional updates

Continental Europe 2025 key highlights

  • Significant pick up in pre-let activity leading to £24 million of pre-lets signed in
    H2 alone.
  • Strong lettings performance on our speculative development programme,
    particularly in Germany, Spain and Poland.
  • Finished the year with very strong, 98 per cent, occupancy (including
    some markets at 100 per cent).
  • Secured the building permit for our first data centre in Continental Europe.

View our detailed regional updates

Download SEGRO Annual Report 2025

SEGRO Annual Report and Accounts 2025

PDF 6.3 MB

Responsible SEGRO Report 2025

PDF 9.0 MB