SEGRO's net asset value eased in 2011

published 21 February 2012

SEGRO, forever doomed to be referred to as the company formerly known as Slough Estates, saw earnings per share on a European Public Real Estate Association (EPRA) basis move up in 2011, although net asset value per share fell back.

EPRA earnings per share rose 7.6% to £18.4m from £17.1m the year before, despite the company posting a loss before tax of £53.6m compared to a profit of £197.2m the year before. Net asset value per share dipped 5.7% to 345p from 366p at the end of 2010.

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