segro plc said thursday that it has had a strong start to 2023 with high occupier demand and limited supply across all its markets the logistics and warehouse developer said it expects to continue to deliver further compound growth in earnings and dividends during 2023 and beyond the company signed 24 million pounds 299 million of new headline rent over the first three months of the year compared with gbp250 million for the same period in 2022 the occupancy rate for the first quarter slipped slightly to 957 from 967 in the first quarter of 2022 customer retention rates however improved to 82 from 79 market data is showing signs of stabilization in asset values though investment activity remains subdued the company said the development pipeline has been added to through further prelets and the company has projects equivalent to gbp84 million of additional rent under construction or due to start shortly despite wider uncertainty arising from recent events in the credit markets we remain wellpositioned with significant liquidity no nearterm refinancing requirements and modest leverage chief executive david sleath said