SEGRO plc (SGRO.L) reported that its fiscal 2012 pretax loss widened to 202.2 million pounds compared to a loss of 53.6 million pounds last year. Loss attributable to equity shareholders was 197.3 million pounds or 26.6 pence per share compared to a loss of 30.4 million pounds or 4.1 pence prior year. Revenue decreased to 371.0 million pounds from 400.1 million pounds last year.
A total realised and unrealised loss on property for the wholly owned portfolio of 340.8 million pounds has been recognised in 2012, compared to a loss of 271.8 million pounds prior year.
EPRA profit before tax increased to 144.9 million pounds from 138.5 million pounds last year. EPRA profit per share in pence, was 19.3 compared to 18.4 prior year.
EPRA results are alternate metrics to their IFRS equivalents that are calculated in accordance with the Best Practices Recommendations of the European Public Real Estate Association. SEGRO uses these alternative metrics as they highlight the underlying recurring performance of the property rental business.
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