Our leading pan-European portfolio of both big box and urban distribution warehouses deliver long term cash flow. We attribute our success to having an active presence in key European urban areas and logistics hubs.
1 Based on gross debt, excluding commitment fees and non-cash interest.
2 Net rental income/Adjusted net finance costs (before capitalisation)
3 Cash and cash equivalents have been restated as at 31 December 2022. See Note 1 to the Financial Statements for further details. Net borrowings, Available cash and undrawn facilities and Balance sheet gearing as at 31 December 2021 have been restated in the table above to reflect this change.
Sources of Debt funding
(As at 31 December 2022)
Debt Maturity Profile
SEGRO Group & JV’s and associates at share, as at: 31 December 2022
£m
SEGRO Group, as at: 31 December 2022
£m
Credit Rating
Credit ratings accurate as at 17 February 2023
| SEGRO | Rating Affirmed | Issuer Rating | Senior Unsecured Debt |
| Fitch | 25 May 2022 | A- | A |
| SELP | Rating Affirmed | Issuer Rating | Senior Unsecured Debt |
| Fitch | 20 June 2022 | BBB | BBB+ |
| Moody's | 21 February 2022 | Baa2 | Baa2 |
Loan to Value and Cost of Debt
SEGRO Group & JV’s and associates at share, as at: 31 December 2022
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 moreUS private placements
Full details regarding the US Private Placement portfolio as at 30 June 2022
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
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