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SEGRO FY'17 adjusted EPS rises 5.9% YOY

SEGRO Plc said its full-year 2017 adjusted EPS amounted to 19.9 pence, a rise of 5.9% from 18.8 pence in the year-earlier period.

The industrial property landlord recorded a 16.3% year-over-year climb in net asset value, as defined by European Public Real Estate Association, to 556 pence per share from 478 pence per share as at Dec. 31, 2016.

Adjusted pretax profit amounted to £194.2 million, marking a 25.7% increase from £154.5 million registered in the previous 12-month term.

During the year ended Dec. 31, 2017, the company logged £220.7 million in net rental income and £1.95 billion in group net borrowings. The figures reflected an increase from £180.6 million and about £1.60 billion, respectively. SEGRO also made net investments worth £592 million in the 2017 year.

Additionally, SEGRO's board proposed a final dividend for 2017 of 11.35 pence, reflecting a 6.1% increase on 2016's dividend of 10.7 pence. The dividend will be distributed May 3, to shareholders on record March 23.