Real estate investment trust Segro (SGRO) announces full-year results on Friday, and the warehouse landlord has already indicated that it expects its portfolio to have risen in value by 4.8 per cent in 2016.
IC TIP:
Buy
at
474p
This reflects a combination of strong rental growth supported by a modest valuation uplift as investor demand for quality warehouses has been relatively unaffected by the referendum. There is a significant development programme covering 27 projects, of which 19 have been completed, and there are a number of new pre-let agreements in place and further agreements under discussion.
