SEGRO, a FTSE 100 warehouse and data centre landlord, announced a 32% increase in new headline rent to £70 million for the first nine months of 2026, driven by both existing portfolio and development lettings. The company expects the Prologis takeover to complete in the first half of 2027, pending regulatory approvals. Occupancy improved slightly to 94.7%, with strong rent uplifts from lease resets, and development projects under construction represent significant future rent potential. SEGRO also reported substantial asset disposals and is progressing a major UK joint venture expected to generate around £500 million in net proceeds, maintaining a healthy loan-to-value ratio of 33% and £1.2 billion liquidity.
Prologis Inc (PLD), the takeover target mentioned in the SEGRO announcement, trades at USD 128.00 on Pluang as of Oct 21, 2026 14:41 WIB. The stock shows a modest 0.42% gain in the last day with a market cap of $117.93 billion. Investor interest remains strong with 100% buy orders on Pluang, reflecting confidence in the real estate sector amid ongoing large-scale transactions.
Prologis (PLD) has been upgraded to a buy rating following a 17.2% decline in its stock price, which now offers a more attractive entry point for investors. The company maintains high occupancy rates and low tenant concentration, supported by strong ...
Five industrial real estate investment trusts (REITs) are capitalizing on rising demand for warehouses driven by e-commerce and data center expansion, delivering growing dividends to investors. Prologis, First Industrial, EastGroup, STAG Industrial, ...
