SEGRO recorded its strongest ever year of lettings in 2025, with £99m of new headline rent secured across its portfolio.
For the financial year ended 31 December 2025, the company generated £66m of leasing and reversion capture from its existing portfolio and £33m from new development signings, £26m of which were new pre-lets.
As a result of this strong leasing performance, the company delivered a record adjusted profit before tax of £509m – the first time it has exceeded the £500m mark.
The company said strong leasing momentum has carried into 2026, with increased enquiry levels and active negotiations taking place with a diverse range of industrial, logistics and data centre occupiers for both new and existing space.
David Sleath (pictured), chief executive of SEGRO, said: “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.”
