Segro has reported a "strong operational performance" in 2025, after reaching a record £99m in new contracted rent commitments.

In the year to 31 December, the property investment and development firm’s profit before tax increased by 8.3% year-on-year to £509m, while its adjusted earnings per share jumped by 6.1% to 36.6 pence.

Furthermore, its asset management performance resulted in 6% like-for-like net rental income growth, with its UK division delivering an average uplift on rent reviews and renewals of 46%.

Segro’s portfolio valuation also increased by 1% to £18.9bn.

In its outlook, Segro said it has "strong conviction" in the structural trends driving demand for industrial, logistics and data centre space. It added that they have led to higher levels of pre-let activity in the second half of 2025 and this momentum has continued into 2026.

It added that its "irreplicable portfolio, exceptional land bank and one of the largest data centre pipelines in Europe" primes it for further sustainable growth.

As a result, it expects increased activity levels and tightening supply-demand dynamics to further drive rental growth.

Segro added that it has the potential to add £152m of additional rental income from its standing portfolio via rent reversion and leasing vacant space, along with £355m of new rent from delivering industrial, logistics and powered shell data centre projects.

Chief executive at Segro, David Sleath, stated: "Segro delivered a strong performance in 2025. We signed a record level of new rent through the excellent asset management of our existing portfolio and the signing of several large pre-lets, particularly in the second half of the year as structural drivers started to re-assert themselves and demand picked up.

"This momentum has continued into 2026 and we take confidence from the increased enquiry levels and active negotiations that we are having with a diverse range of industrial, logistics and data centre occupiers for both new and existing space."

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