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Segro reports 5.4 percent rise in first-half net asset value per share

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Segro reports 5.4 percent rise in first-half net asset value per share

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Britain’s Segro Plc <SGRO.L> reported a 5.4 percent rise in first-half net asset value per share, helped by demand from online retailers and other companies. Segro, which develops and manages warehousing and industrial properties, said net asset value per share – a metric that reflects a developer’s property value – rose to 504 pence in the six months ended June 30, from 478 pence a year earlier.

(Reporting by Esha Vaish and Arathy S Nair in Bengaluru; editing by Jason Neely)
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