The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSirius Real Estate Share News (SRE)

Share Price Information for Sirius Real Estate (SRE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 98.05
Bid: 98.00
Ask: 98.20
Change: 0.35 (0.36%)
Spread: 0.20 (0.204%)
Open: 97.85
High: 98.05
Low: 96.90
Prev. Close: 97.70
SRE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Sirius Real Estate hails "strong" year as eyes more acquisitions

Mon, 15th Apr 2024 07:58

(Alliance News) - Sirius Real Estate Ltd said on Monday it expects to report a "strong" annual operational performance and also indicated that it continues to see "attractive" acquisition opportunities.

In a trading update, the London and Johannesburg-listed property investor said it had achieved an 8.2% increase in overall rent roll for the financial year that ended March 31, reflecting improved rates and occupancies.

The group expects to deliver full-year results that are in line with market expectations.

The company said it expects a "significant" pipeline of acquisitions in both Germany and the UK over the next 12 months, after closing some deals in financial 2024.

Sirius in November 2023 raised EUR165 million through equity to help fund acquisitions, buying about EUR150 million of assets in the second half of its financial year.

To recycle capital, the group said it had sold properties amounting to EUR51 million during the second half.

"Efficient capital recycling will be a mainstay of Sirius' strategy as we continue to see attractive acquisition opportunities that meet our acquisitions criteria in both the UK and Germany, alongside opportunities to sell mature or non-core assets, with the aim to do so at or above book value," Sirius said.

Sirius said it was "mindful" of the expected higher interest expense arising from future re-financings, but it noted that it is confident leverage will continue to have a "positive overall effect on shareholder returns", as it hailed the "relatively high yielding nature of its assets".

Chief Executive Officer Andrew Coombs said the company had delivered another 12 months of "strong" operational performance, increasing rates and occupancies, and had swiftly executed on its significant pipeline of acquisitions.

"Raising capital at that time has proved to be opportune, allowing us to acquire high quality real estate on very attractive financial terms," Coombs said. "Our acquisition pipeline remains strong and we believe there will continue to be opportunities to deploy our capital on an accretive basis in the coming year."

Sirius expects its annual financial results to be released on June 3.

By Artwell Dlamini, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

More News
5 Jun 2023 08:20

Sirius Real Estate lifts dividend despite slump in annual profit

(Alliance News) - Sirius Real Estate Ltd on Monday said annual profit nearly halved as costs soared, but the property investor still was able to boost its dividend.

Read more
31 May 2023 08:53

IN BRIEF: Sirius Real Estate expects to raise annual dividend by third

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Expects total dividend for the financial year that ended March 31 to be between 5.566 euro cents and 5.794 cents per share, representing an increase of between 26% and 31% compared to the total dividend of 4.410 cents per share a year earlier. This expected increase is predominantly due to an increase in funds from operations, Sirius explains.

Read more
31 May 2023 07:58

LONDON BRIEFING: Prudential CFO leaves over code of conduct breach

(Alliance News) - Stocks in London were called to open down on Wednesday, as the US government edges closer to its debt ceiling deadline and after some weak manufacturing data in China.

Read more
30 May 2023 08:32

IN BRIEF: Sirius Real Estate completes early refinancing of facility

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Completes the early refinancing of its EUR58.3 million facility with Deutsche Pfandbriefbank AG, seven months before it was due to expire. The refinancing comprises a new seven-year, EUR58.3 million facility with an all-in fixed interest rate of 4.25%, which will replace and redeem the existing facility upon its expiry on December 31, 2023 and will run until December 2030.

Read more
17 Apr 2023 07:51

Sirius Real Estate pleased with 8pc full-year rental growth

(Sharecast News) - Germany and UK business park operator Sirius Real Estate said in a trading update on Monday that despite a challenging economic backdrop, it achieved an overall rent roll increase of 8.1% in the financial year just ended.

Read more
17 Apr 2023 07:51

Sirius Real Estate sees full-year results in line with expectations

(Alliance News) - Sirius Real Estate Ltd said on Monday it expected its annual financial performance to be in line with market expectations as it faced a "more challenging economic backdrop".

Read more
3 Apr 2023 08:27

IN BRIEF: Sirius Real Estate sells two assets for EUR12 million total

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Completes disposal of two assets for a total of EUR12.2 million. The most recent disposal, which was completed on Saturday, was achieved at a 5.3% premium to book value of EUR8.3 million as at September 30, 2022 and comprises a mixed-use mature business park in Wuppertal, in North Rhine Westphalia, Germany. Sirius originally bought the property for EUR8.8 million in 2007. This disposal follows the EUR3.4 million sale at book value of a vacant office building in Ipswich, England, which completed in December.

Read more
27 Mar 2023 09:26

IN BRIEF: Sirius Real hires Chris Bowman from Berenberg as new CFO

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Names Chris Bowman as its new chief financial officer, joining the real estate investment firm from August 29. Bowman has nearly 25 years of experience in accounting, finance and capital markets. He joins from Berenberg, where he led the UK investment banking arm. Prior to this, he spent seven years in investment banking at Liberum.

Read more
27 Mar 2023 07:54

LONDON BRIEFING: Stocks called higher as banking crisis fears ease

(Alliance News) - Stocks in London were called to open higher on Monday, as investors look past the recent turbulence in the banking sector.

Read more
18 Jan 2023 13:52

IN BRIEF: Sirius Real Estate interim CFO Alistair Marks trims stake

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Chief Information Officer and interim Chief Financial Officer Alistair Marks sells 1.0 million shares at 84.85 pence each, worth GBP848,504. The transaction took place on Monday. Marks now holds 6.6 million shares, or 0.56%, in the company.

Read more
12 Jan 2023 15:47

UK dividends calendar - next 7 days

Friday 13 January 
Associated British Foods PLCdividend payment date
BlackRock Energy & Resources Income Trust PLCdividend payment date
Devro PLCdividend payment date
discoverIE Group PLCdividend payment date
Gore Street Energy Storage Fund PLCdividend payment date
Helical PLCdividend payment date
ICG-Longbow Senior Secured UK Property Debt Investments Ltddividend payment date
Liontrust Asset Management PLCdividend payment date
Oxford Instruments PLCdividend payment date
Palace Capital PLCdividend payment date
Polar Capital Holdings PLCdividend payment date
Redde Northgate PLCdividend payment date
Schroder European Real Estate Investment Trust PLCdividend payment date
Scottish Oriental Smaller Companies Trust PLCdividend payment date
Triad Group PLCdividend payment date
Tritax EuroBox PLCdividend payment date
Monday 16 January 
no events scheduled 
Tuesday 17 January 
NewRiver REIT PLCdividend payment date
Wednesday 18 January 
Northamber PLCdividend payment date
Residential Secure Income PLCdividend payment date
XP Power Ltddividend payment date
Thursday 19 January 
Aberdeen Diversified Income & Growth Trust PLCdividend payment date
AJ Bell PLCex-dividend payment date
Alliance Pharma PLCdividend payment date
Appreciate Group PLCex-dividend payment date
Cardiff Property PLCex-dividend payment date
Compass Group PLCex-dividend payment date
Diploma PLCex-dividend payment date
Future PLCex-dividend payment date
Games Workshop Group PLCex-dividend payment date
Gooch & Housego PLCex-dividend payment date
Industrials REIT Ltdex-dividend payment date
Invesco Bond Income Plus Ltdex-dividend payment date
JPMorgan China Growth & Income PLCex-dividend payment date
JPMorgan Japan Small Cap Growth & Income PLCex-dividend payment date
Montanaro UK Smaller Cos Investment Trust PLCex-dividend payment date
Sirius Real Estate Ltddividend payment date
Supermarket Income REIT PLCex-dividend payment date
Victrex PLCex-dividend payment date
  
Copyright 2023 Alliance News Ltd. All Rights Reserved. 

Read more
1 Dec 2022 15:43

UK dividends calendar - next 7 days

Friday 2 December 
Bloomsbury Publishing PLCdividend payment date
Bytes Technology Group PLCdividend payment date
CVS Group PLCdividend payment date
Greencoat Renewables PLCdividend payment date
Hilton Food Group PLCdividend payment date
ICG Enterprise Trust PLCdividend payment date
SThree PLCdividend payment date
The European Smaller Companies Trust PLCdividend payment date
ThomasLloyd Energy Impact Trust PLCdividend payment date
Young & Co's Brewery PLCdividend payment date
Monday 5 December 
Dunelm Group PLCdividend payment date
Renishaw PLCdividend payment date
Big Yellow Group PLCex-dividend payment date
Balfour Beatty PLCdividend payment date
CMC Markets PLCdividend payment date
Tuesday 6 December 
Schroder BSC Social Impact Trust PLCdividend payment date
Wednesday 7 December 
Coca-Cola Europacific Partners PLCdividend payment date
Fidelity Asian Values PLCdividend payment date
Thursday 8 December 
abrdn Equity Income Trust PLCex-dividend payment date
Assura PLCex-dividend payment date
British & American Investment Trust PLCex-dividend payment date
Caffyns PLCex-dividend payment date
CT Property Trust Ltdex-dividend payment date
CT UK Capital & Income Investment Trust PLCex-dividend payment date
D4T4 Solutions PLCex-dividend payment date
Energean PLCex-dividend payment date
Ferguson PLCdividend payment date
Henderson High Income Trust PLCex-dividend payment date
Intermediate Capital Group PLCex-dividend payment date
Investec PLC and Ltdex-dividend payment date
JD Sports Fashion PLCex-dividend payment date
JLEN Environmental Assets Group Ltdex-dividend payment date
Johnson Matthey PLCex-dividend payment date
Liontrust Asset Management PLCex-dividend payment date
London Finance & Investment Group PLCex-dividend payment date
Record PLCex-dividend payment date
Residential Secure Income PLCex-dividend payment date
SDCL Energy Efficiency Income Trust PLCex-dividend payment date
Shaftesbury PLCex-dividend payment date
Sirius Real Estate Ltdex-dividend payment date
Speedy Hire PLCex-dividend payment date
Temple Bar Investment Trust PLCex-dividend payment date
Town Centre Securities PLCex-dividend payment date
VP PLCex-dividend payment date
VPC Specialty Lending Investments PLCex-dividend payment date
  
Copyright 2022 Alliance News Limited. All Rights Reserved. 

Read more
21 Nov 2022 10:01

Sirius Real Estate interim profit down as high costs offset demand

(Alliance News) - Sirius Real Estate Ltd on Monday reported a decline in interim profit as operating costs weighed, offsetting continued demand for space.

Read more
17 Nov 2022 12:08

IN BRIEF: Sirius Real Estate to raise interim dividend by at least 32%

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Expects to lift its interim dividend by at least 32% to between EUR2.69 and EUR2.71 for six months to September 30, from EUR2.04 in the prior year. This projected increase is predominantly due to an increase in funds from operations.

Read more
17 Nov 2022 08:14

Sirius lifts half-year dividend as funds from operations rise

(Sharecast News) - Business and industrial park owner Sirius Real Estate said it was lifting its half-year dividend due to an increase in funds from operations.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.