SEGRO: A Solid Compounder, Now With AI Data Center Optionality

SEGRO Plc's core warehouse portfolio remains resilient, with healthy rental growth, solid occupancy, and NAV beginning to recover after pressure from higher interest rates. Shares remain attractively priced, trading below NAV, with visible rent growth potential and a robust development pipeline, particularly in major European cities. SEGXF delivered solid 2025 results: 6% earnings and dividend growth, NAV per share trending higher, while offering an attractive 3.7% dividend yield.