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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: 96.95
Bid: 96.90
Ask: 97.20
Change: 0.40 (0.41%)
Spread: 0.30 (0.31%)
Open: 97.75
High: 97.75
Low: 96.95
Prev. Close: 96.55
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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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13 Jun 2022 08:31

Sirius Real Estate profit up amid on-shoring trend in UK and Germany

(Alliance News) - Sirius Real Estate Ltd on Monday reported that its "strong" annual performance got a boost mainly from robust occupier demand and acquisitions.

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13 Jun 2022 07:53

LONDON MARKET PRE-OPEN: UK GDP unexpectedly contracts further in April

(Alliance News) - Stocks in London are set to begin the new week on a sour note with risk-off sentiment pervading ahead of a key week for central banks.

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13 Jun 2022 07:02

Sirius Real Estate rents rise on demand, acquisitions

(Sharecast News) - Industrial business park owner Sirius Real Estate reported a 73.1% rise in annual rents to €167m driven by higher demand and acquisitions as it lifted its dividend by 16%.

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7 Jun 2022 07:46

IN BRIEF: Sirius Real Estate sees double-digit rise in annual dividend

Sirius Real Estate Ltd - operator of business parks, offices and industrial complexes in Germany - Expects its total dividend to rise to between 4.389 rand cents and 4.427 cents for the financial year ended March 31, representing an increase of 16% to 17% compared to 3.800 cents in the prior year.

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6 Jun 2022 15:57

UK earnings, trading statements calendar - next 7 days

Tuesday 7 June  
Gooch & Housego PLCHalf Year Results
LXi REIT PLCFull Year Results
NewRiver REIT PLCFull Year Results
Open Orphan PLCFull Year Results
Schroder Real Estate Investment Trust LtdFull Year Results
Wednesday 8 June  
Aveva Group PLCFull Year Results
Baillie Gifford UK Growth Trust PLCFull Year Results
JPMorgan Indian Investment Trust PLCHalf Year Results
Marks Electrical Group PLCFull Year Results
Nexus Infrastracture PLCHalf Year Results
Integrated Diagnostics Holdings PLCQ1 Results
STM Group PLCFull Year Results
Personal Assets Trust PLCFull Year Results
Ramsdens Holdings PLCHalf Year Results
Urban Logistics REIT PLCFull Year Results
Vp PLCFull Year Results
Wizz Air Holdings PLCFull Year Results
Workspace Group PLCFull Year Results
Thursday 9 June 
Peel Hunt LtdFull Year Results
CMC Markets PLCFull Year Results
British American Tobacco PLCTrading Statement
AVI Global Trust PLCHalf Year Results
Tate & Lyle PLCFull Year Results
Mitie Group PLCFull Year Results
Norcros PLCFull Year Results
Fuller Smith & Turner PLCFull Year Results
TR Property Investment Trust PLCFull Year Results
RWS Holdings PLCHalf Year Results
Friday 10 June 
Industrials REIT LtdFull Year Results
Monday 13 June 
Augmentum Fintech PLCFull Year Results
Molten Ventures PLCFull Year Results
Sirius Real Estate LtdFull Year Results
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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16 May 2022 09:38

Sirius Real Estate sells business park in London for GBP16 million

(Alliance News) - Sirius Real Estate Ltd said on Monday it sold a business park in London for GBP16 million.

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11 Apr 2022 09:01

LONDON MARKET OPEN: "Fragile" UK economy stutters in February

(Alliance News) - Stocks in London got off to a slow start on Monday following a disappointing update from the UK economy.

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11 Apr 2022 08:03

Sirius Real Estate's annual performance seen in line with expectations

(Alliance News) - Sirius Real Estate Ltd reported on Monday it expects its annual financial performance to be in line with market expectations following acquisition spree.

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11 Apr 2022 07:46

LONDON MARKET PRE-OPEN: UK February GDP comes in behind expectations

(Alliance News) - Stocks in London are geared to open the shortened week on the back foot, as rising inflation in China adds to worries of a global recession ahead.

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11 Apr 2022 07:09

Sirius Real Estate rent rolls grow in 'transformative' year

(Sharecast News) - Investment firm Sirius Real Estate said on Monday that total annualised rent rolls had grown in what had been "a transformative year" for the company, marked by its successful raising of €700.0m through two oversubscribed issuances and the group's entry into the UK market via its strategic acquisition of BizSpace.

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4 Apr 2022 15:48

UK earnings, trading statements calendar - next 7 days

Tuesday 5 April 
DP Eurasia NVFull Year Results
Homeserve PLCTrading Statement
Moonpig Group PLCTrading Statement
Next Fifteen Communications Group PLCFull Year Results
Quixant PLCFull Year Results
SourceBio International PLCFull Year Results
Wednesday 6 April  
Applied Graphene Materials PLCHalf Year Results
Gresham House Energy Storage Fund PLCFull Year Results
Hilton Food Group PLCFull Year Results
Hyve Group PLCTrading Statement
Topps Tiles PLCTrading Statement
Wentworth Resources PLCFull Year Results
Thursday 7 April 
Alpha Financial Markets Consulting PLCTrading Statement
Attraqt Group PLCFull Year Results
Entain PLCQ1 Results
Robert Walters PLCQ1 Results
Tracsis PLCHalf Year Results
Friday 8 April 
CMC Markets PLCTrading Statement
Ferrexpo PLCTrading Statement
Monday 11 April 
Tortilla Mexican Grill PLCFull Year Results
Sirius Real Estate LtdTrading Statement
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

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24 Mar 2022 14:20

IN BRIEF: Sirius Real Estate CEO Coombs buys GBP53,000 in shares

Sirius Real Estate Ltd - operator of business parks, offices and industrial complexes in Germany - Chief Executive Officer Andrew Coombs buys 41,500 shares at GBP1.27, worth GBP52,655, on Tuesday in London. Now has 9.5 million shares, a 0.8% stake.

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22 Mar 2022 12:02

Sirius Real Estate eyes switching UK business to REIT

(Alliance News) - Sirius Real Estate Ltd on Tuesday proposed converting its UK business into a real estate investment trust from the start of next month.

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1 Mar 2022 17:07

EXECUTIVE CHANGES: Chapel Down hires CFO; Powerhouse picks new chair

(Alliance News) - The following is a round-up of London-listed company director and manager changes announced on Monday and Tuesday and not separately reported by Alliance News:

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28 Feb 2022 11:48

Sirius says BizSpace boss John Spencer to step down

(Sharecast News) - Sirius Real Estate said on Monday that BizSpace chief executive John Spencer is stepping down from the business.

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