PLD
SEGRO PLC (LSE: SGRO) shares jumped 7% after the board of the warehouse developer said it would recommend...
Article Summary
HOLD- SEGRO PLC (LSE: SGRO) shares jumped 7% after the board of the warehouse developer said it would recommend Prologis Inc's (NYSE: PLD) final takeover offer, with the US logistics property group offering 0.092 new shares for each Segro share and a partial cash alternative of up to £3.5 billion.
- The revised terms represent a 9.5% improvement on Pro Logis's initial approach and a 39% premium to Segro's undisturbed share price, with shareholders retaining the property group's final dividend of 22.56p per share and an interim dividend of 10.14p.
- The company's board unanimously concluded that the latest financial terms were at a level it would recommending subject to due diligence and agreement on remaining conditions, though implied value remains below the broker's 1,300p target price and below both its assessment and SEGRO's own assessment of the value embedded in its development pipeline.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | 7.4% | 25% | 35.0 ptsBelow Screener (7.4%) - Weak growth |
| EPS Growth Next 5Y ? | 2.6% | 25% | 10.0 ptsVery Weak (2.6%) - Minimal expectations |
| Target Price Upside ? | 8.5% | 20% | 35.0 ptsBelow Screener (8.5%) - Target: $158.08 vs Current: $145.65 |
| Gross Margin % ? | 44.5% | 15% | 60.0 ptsSolid (44.5%) - Decent margins |
| Drawdown from 52-Wk High ? | -5.0% | 15% | 20.0 ptsBarely a Dip (-5.0%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About PLD
- Prologis, Inc. is a self-administered and self-managed REIT and is the sole general partner of Prologis, L.P. through which it holds substantially all of its assets.
- We operate Prologis, Inc. and Prologis, L.P. as one enterprise and, therefore, our discussion and analysis refer to Prologis, Inc. and its consolidated subsidiaries, including Prologis, L.P.
- We invest in real estate through wholly owned subsidiaries and other entities through which we co-invest with partners and investors (co-investment ventures).
- We have a significant ownership interest in the co-investment ventures, which are either consolidated or unconsolidated based on our level of control of the entity.
- Prologis, Inc. began operating as a fully integrated real estate company in 1997 and elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended (Internal Revenue Code or IRC).
- We believe the current organization and method of operation enable Prologis, Inc. to maintain its status as a REIT.
- Prologis, L.P. was also formed in 1997. We operate, manage and measure the operating performance of our properties on an owned and managed (O&M) basis.
- Our O&M portfolio includes our consolidated properties as well as properties owned by our unconsolidated co investment ventures, which we manage.
- We make operating decisions based on our total O&M portfolio as we manage the properties without regard to their ownership.
- Prologis, Inc. was incorporated in 1983 and is based in San Francisco, United States.