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(Sharecast News) - Germany-focused business park owner Sirius Real Estate pulled financial guidance on Tuesday as the Covid-19 pandemic lockdown continued across Europe.
The company said enquiry levels had fallen, impacting viewings and new lettings. However, more than 13,000 sq metres of new lettings had been completed since March 1, generating €1.2m of annualised rent.
Rent collection and service charge income for April remained "relatively robust" with more than 75% of billing collected by April 9, representing around 90% of the normal working pattern, Sirius said on Tuesday.
"There are a small number of tenants who are facing Covid-19 related financial difficulties who have requested deferral of rental and service charge payments. These cases will be addressed on a case by case basis," the company said in a statement.
In the year to March 31 Sirius agreed three new debt facilities amounting to €171.9m, including its first unsecured debt facility for €50m of which €30m was drawn down. It also repaid €77.7m of debt upon executing the Titanium joint venture and made €10.1m of scheduled debt amortisation payments during the year.
Total debt increased to €485.8m from €386.1m, with unrestricted cash and undrawn facilities of €129.7m. The company said it expected to report a net loan-to-value ratio of around 35%.
Germany has introduced a number measures to help support businesses including 'Kurzarbeit', which is a short-working compensation scheme covering a portion of workers' salaries.
In addition, the German government promised €550bn of state-backed loans to support businesses as well as deferring business taxes. It also pledged "unlimited liquidity assistance" to companies hit by Covid-19.
21 Jun 2024 15:18
UK shareholder meetings calendar - next 7 days
| Monday 24 June | |
| Anglo-Eastern Plantations PLC | AGM |
| Cizzle Biotechnology Holdngs PLC | AGM |
| Cobra Resources PLC | AGM |
| Diaceutics PLC | AGM |
| Ithaca Energy PLC | AGM |
| Network International Holdings PLC | AGM |
| Oriole Resources PLC | AGM |
| Oxford Biomedica PLC | AGM |
| Savannah Resources PLC | AGM |
| THG PLC | AGM |
| Trinity Exploration & Production PLC | AGM |
| World Chess PLC | AGM |
| Tuesday 25 June | |
| Alphawave IP Group PLC | AGM |
| Anpario PLC | AGM |
| Aurrigo International PLC | AGM |
| Elixirr International PLC | AGM |
| Future Metals NL | GM |
| Gemfields Group Ltd | AGM |
| Huddled Group PLC | AGM |
| ICG Enterprise Trust PLC | AGM |
| IQE PLC | AGM |
| Roadside Real Estate PLC | AGM |
| Rockhopper Exploration PLC | AGM |
| Saga PLC | AGM |
| Skillcast Group PLC | AGM |
| Verici Dx PLC | AGM |
| Vertu Motors PLC | AGM |
| Vietnam Enterprise Investments Ltd | AGM |
| Xeros Technology Group PLC | AGM |
| Wednesday 26 June | |
| Amicorp FS UK PLC | AGM |
| Ariana Resources PLC | GM re merger with Rockover Holdings |
| Asiamet Resources Ltd | AGM |
| Avacta Group PLC | AGM |
| Bluejay Mining PLC | AGM |
| Cora Gold Ltd | AGM |
| Corre Energy BV | AGM |
| Creo Medical Group PLC | AGM |
| East Star Resources PLC | AGM |
| Echo Energy PLC | AGM |
| Emmerson PLC | AGM |
| HSS Hire Group PLC | AGM |
| India Capital Growth Fund Ltd | AGM |
| Infrastructure India PLC | GM re delisting from AIM |
| International Consolidated Airlines Group SA | AGM |
| Novacyt SA | AGM |
| Pinewood Technologies Group PLC | AGM |
| RA International Group PLC | AGM |
| SpaceandPeople PLC | AGM |
| Warpaint London PLC | AGM |
| Thursday 27 June | |
| Adnams PLC | AGM |
| Aminex PLC | AGM |
| Afentra PLC | AGM |
| Atalaya Mining PLC | AGM |
| Celadon Pharmaceuticals PLC | AGM |
| Caspian Sunrise PLC | AGM |
| CMO Group PLC | AGM |
| Crimson Tide PLC | AGM |
| Directa Plus PLC | AGM |
| DP Poland PLC | AGM |
| Eden Research PLC | AGM |
| Engage XR Holdings PLC | AGM |
| Genflow Biosciences PLC | AGM |
| GENinCode PLC | AGM |
| Getech Group PLC | AGM |
| Hamak Gold Ltd | AGM |
| Hemogenyx Pharmaceuticals PLC | AGM |
| Hydrogen Utopia International PLC | AGM |
| i3 Energy PLC | AGM |
| JD Sports Fashion PLC | AGM |
| Kanabo Group PLC | AGM |
| NAHL Group PLC | AGM |
| Next 15 Group PLC | AGM |
| North Atlantic Smaller Cos Investment Trust PLC | AGM |
| Roquefort Therapeutics PLC | AGM |
| Serica Energy PLC | AGM |
| Sivota PLC | AGM |
| URA Holdings PLC | AGM |
| Friday 28 June | |
| Aferian PLC | GM |
| Alteration Earth PLC | GM re extension of acquisition deadline |
| Arecor Therapeutics PLC | AGM |
| Cambridge Cognition Holdings PLC | AGM |
| Condor Gold PLC | AGM |
| Critical Mineral Resources PLC | AGM |
| CT Automotive Group PLC | AGM |
| Devolver Digital Inc | Annual Meeting |
| eEnergy Group PLC | GM re approving accounts and reappointing auditor |
| FireAngel Safety Technology Group PLC | AGM |
| Graft Polymer UK PLC | AGM |
| GreenRoc Mining PLC | AGM |
| Helios Underwriting PLC | AGM |
| ImmuPharma PLC | AGM |
| Inspired PLC | AGM |
| IQGeo Group PLC | GM re takeover by KKR |
| Katoro Gold PLC | AGM |
| MetalNRG PLC | AGM |
| Metals Exploration PLC | AGM |
| Mirriad Advertising PLC | AGM |
| MyHealthChecked PLC | AGM |
| New Century AIM VCT 2 PLC | AGM |
| Ondine Biomedical Inc | AGM |
| Pathfinder Minerals PLC | AGM |
| Plant Health Care PLC | AGM |
| Primorus Investments PLC | AGM |
| Proton Motor Power Systems PLC | AGM |
| Reabold Resources PLC | AGM |
| Sanderson Design Group PLC | AGM |
| Savannah Energy PLC | AGM |
| Silverwood Brands PLC | AGM |
| Sirius Real Estate Ltd | AGM |
| Sound Energy PLC | AGM |
| Symphony Environmental Technologies PLC | AGM |
| Volvere PLC | AGM |
| XLMedia PLC | AGM |
| Zegona Communications PLC | AGM |
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