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Pin to quick picksSirius Real Estate Share News (SRE)

Share Price Information for Sirius Real Estate (SRE)

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Share Price: 97.90
Bid: 96.65
Ask: 97.45
Change: -0.30 (-0.31%)
Spread: 0.80 (0.828%)
Open: 97.90
High: 97.90
Low: 97.90
Prev. Close: 98.20
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Sirius sees full year earnings in line with expectations

Mon, 04th Apr 2016 10:45

(ShareCast News) - German business park investor Sirius said it expected full year earnings to be in line with expectations, adding it was "well positioned to make a strong start to the new financial year".In a trading statement, Sirius said annualised rental income exceeded €60m (£48m) for the first time at 31 March 2016.It added that it was also in advanced stages of negotiating more favourable terms on its largest debt facility of €137m including securing further funding at a significantly lower interest rate and extended term. The new facility would provide an additional €26m debt capacity which the company would use for acquisitions."We anticipate good ongoing growth in rental income next year and beyond as we continue with our capital investment programme and with making selective acquisitions," Sirius said.Capital investment continued to be the strongest driver of organic rental growth and by the end of March around 65% of the company's original programme to transform approximately 100,000 square metres of previously unlettable or under-rented space had been completed."This, along with the capital investment programmes initiated on recent acquisition sites and on space returned through terminations in the first half of this financial year, is expected to have a positive impact on the like-for-like rents in the period," Sirius said.Chief executive Andrew Coombs said prevailing market conditions remain supportive for the business."The German economy is robust and we continue to capitalise on the low interest rate environment to reduce our cost of debt significantly, diversify our lenders and extend the weighted average expiry of our funding," he said."In addition, by investing in our assets to increase rental income and with ongoing reductions in non-recoverable service charge costs, the Company continues to enhance cash flows, improve asset values and increase its funds from operations."
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17 May 2024 09:17

Sirius Real Estate raises EUR59.9 million through issue of new notes

(Alliance News) - Sirius Real Estate Ltd on Friday issued new notes to aid its growth plan.

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17 May 2024 07:07

Sirius Real Estate raises €59.9m in bond tap for acquisitions

(Sharecast News) - Business park owner Sirius Real Estate said it had raised €59.9m through a bond note issue to fund a "significant pipeline" of potential acquisitions.

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15 Apr 2024 07:58

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

(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.

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8 Apr 2024 07:51

Sirius Real Estate ties up four acquisitions for EUR100 million

(Alliance News) - Sirius Real Estate Ltd said on Monday it had sealed four acquisitions in Germany and the UK, for a combined EUR100 million.

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27 Mar 2024 10:29

Sirius Real Estate expands into UK with business park acquisition

(Alliance News) - Sirius Real Estate Ltd on Wednesday said it has grown its offering with the buy of a business park in Gloucestershire, its foray into the UK.

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27 Mar 2024 09:07

Sirius makes first UK acquisition in Gloucestershire

(Sharecast News) - Sirius Real Estate announced a significant portfolio expansion on Wednesday, with the acquisition of Vantage Point Business Village in Gloucestershire.

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29 Feb 2024 10:03

Sirius Real Estate notarises third acquisition in Germany this year

(Alliance News) - Sirius Real Estate Ltd on Thursday said that it has notarised the acquisition of a business park in Germany, making it the firm's third asset buy in the country this year.

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12 Feb 2024 08:01

Sirius Real Estate buys two German business parks for EUR40 million

(Alliance News) - Sirius Real Estate Ltd said on Monday it had acquired two business parks in Germany for EUR40 million following its recent equity raise.

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18 Jan 2024 16:30

UK dividends calendar - next 7 days

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7 Dec 2023 14:30

UK dividends calendar - next 7 days

Friday 8 December 
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Thursday 14 December 
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Copyright 2023 Alliance News Ltd. All Rights Reserved.

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30 Nov 2023 09:57

LONDON BROKER RATINGS: Citi and Peel up B&M; JPMorgan cuts 888

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:

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28 Nov 2023 09:27

LONDON BROKER RATINGS: Goldman starts M&G at 'buy'; Citi hikes B&M

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

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21 Nov 2023 14:35

IN BRIEF: Sirius Real Estate CEO Coombs subscribes for 104,651 shares

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Chief Executive Officer Andrew Coombs subscribes to 104,651 shares at 86 pence each worth GBP89,999. Samira Bowman, PCA to Chief Financial Officer Chris Bowman, subscribes for 58,139 shares at the same price from GBP49,999. Sirius on Monday raised GBP146.6 million as part of capital raise through an accelerated bookbuild to help fund acquisitions.

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20 Nov 2023 16:57

UPDATE: Sirius Real Estate raises GBP147 million via capital raise

Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Raises GBP146.6 million via the issue of 170.4 million new shares, representing around 15% of total shares prior to the capital raise. Earlier in the day, it said it sought to conduct a non-pre-emptive placing of new shares to raise about GBP145 million to allow it to buy new properties. The property group said it had identified a pipeline of eight attractive acquisition opportunities that met its criteria. Of these, four are based in Germany and would require around GBP85 million, and four are located in the UK and would require some GBP45 million. Over the last four months, it acquired assets in Liverpool, Barnsley and three in North London for a combined GBP45 million.

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20 Nov 2023 14:59

London close: Stocks mixed ahead of Autumn Statement

(Sharecast News) - London's stock markets saw a mixed performance at the close of trading on Monday, with Ashtead and Compass among the leading losers.

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