Chief Executive Officer, Segro
Search every verified David Sleath interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. David Sleath, Chief Executive Officer of Segro, has described 2023 as a year of strong operational performance, citing growth from the standing portfolio, a high volume of development completions, and the acquisition of three large sites for future development, including land in Radlett, Dortmund, and Slough. He noted that the company is tracking ahead of its previous target for embodied carbon reduction from its development program and that a new management team has been launched following internal restructuring. Sleath stated that structural drivers of demand, including supply chain modernization, e-commerce, and urbanization, remain consistent themes behind occupier demand, and he expressed confidence that Segro is well placed for further growth in this environment. In earlier appearances, Sleath discussed the impact of the COVID-19 pandemic on the business, stating that structural trends driving demand for warehouse space, such as e-commerce penetration and the need for efficient supply chains, were enhanced by the pandemic. He reported a 6.5% increase in profit after tax and a 2.6% increase in net asset value for the first half of 2020. Sleath has also highlighted the performance of continental Europe, noting that in the first half of 2019 it outperformed the UK portfolio on a like-for-like valuation basis, and has emphasized the company's focus on disciplined capital allocation, development, and asset management as key drivers of growth.
“Segro's business has performed very well we've delivered growth we've been resilient and we're pleased that we're able to report this morning a 6.5 increase in our profit after tax and a 2.6 increase in net asset value.”
“One thing that has become clear is that many of these structural trends that have been driving occupy demand for our type of space in recent years have been enhanced and indeed strengthened as a result of the pandemic e-commerce penetration has accelerated markedly across all our markets there's a renewed focus on mode...”
“What's particularly pleasing is the performance in continental Europe where leasing and pre-leasing successes, rental levels and portfolio valuation gains have been strong. In fact in the first half of this year continental Europe was up 5.8 percent on a like-for-like basis compared to a 2.3 percent increase in UK valu...”
“Looking at the balance sheet, it's in terrific shape. The loan-to-value is 24% and the cost of debt is just 1.5%. We've raised just over 800 million pounds of new financing this year, just over half of that coming from the equity raised we launched back in February. That provides us with 1.6 billion pounds of liquidity...”
“What's behind all of this good news is that the structural drives of demand particularly urbanization the digital economy and especially ecommerce growth have continued to be more important factors in our markets than any concerns around the macroeconomic environment such as brexit.”
“Earnings are up 11% to 10.8 pence per share really driven by the volume of development the completions capturing reversion from the portfolio particularly in the UK and a lower cost of debt driven by the refinancing from last year.”
David Sleath, CEO and Soumen Das, CFO, discuss the SEGRO plc results for the six months to 30 June 2020.
David Sleath, CEO discusses SEGRO plc's results for the six months to 30 June 2020.
David Sleath, CEO and Soumen Das, CFO discuss SEGRO's results for the six months to 30 June 2019.
Bee hives, ‘luxury’ air travel and hitting the gym – David Sleath, chief executive of SEGRO ran React News viewers through what is on his ‘virtual desk’.
David Sleath, CEO and Soumen Das, CFO, discuss our 2018 Full Year Results.
David Sleath, CEO and Soumen Das, CFO discuss the financial results for the six months to 30 June 2018.
David Sleath, CEO discusses the SEGRO plc results for the Half Year to 30 June 2017.
You can view the full information regarding the SEGRO plc results for the year ended 31 December 2016 on our website.
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