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Trading Statement

17 Nov 2022 07:00

RNS Number : 6847G
Sirius Real Estate Limited
17 November 2022
 

SIRIUS REAL ESTATE LIMITED

(Incorporated in Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

 

17 November 2022

Sirius Real Estate Limited

("Sirius Real Estate", "Sirius" or the "Company")

Trading Statement

 

 

Sirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the UK, announces that it expects its dividend for the six-month period ended 30 September 2022 to be between 2.693 euro cents and 2.713 euro cents per share, representing an increase of between 32.0% and 33.0%, compared to the dividend of 2.040 euro cents per share reported for the six-month period ended 30 September 2021. This expected increase is predominantly due to an increase in funds from operations for the six-month period ended 30 September 2022.

 

This disclosure has been announced in line with the JSE Listings Requirements, pursuant to which the Company is required to publish a trading statement as soon as it becomes reasonably certain that the distribution per share for the next period to be reported on will differ by 15% or more from the distribution per share for the prior corresponding period.

 

The financial information on which this trading statement is based, has not been reviewed or reported on by the auditor of the Company. The reviewed results for the period ending 30 September 2022 are expected to be published on 21 November 2022.

 

For further information:

 

Sirius Real Estate

Andrew Coombs, CEO / Alistair Marks, CIO and Interim CFO

+49 (0) 30 285 010 110

 

FTI Consulting (Financial PR)

Richard Sunderland / James McEwan / Talia Shirion

+44 (0) 20 3727 1000

 

SiriusRealEstate@fticonsulting.com

 

NOTES TO EDITORS

About Sirius Real Estate

Sirius is a property company listed on the main and premium market of the London Stock Exchange and the Main Board of the JSE Limited. It is a leading owner and operator of branded business and

 

industrial parks providing conventional space and flexible workspace in Germany and the UK. As of31 March 2022, and following the acquisition of BizSpace, a leading UK provider of regional flexible workspace, the Group's portfolio comprised 140 assets let to 9,452 tenants with a total book value of over €2 billion, generating a total annualised rent roll of €167.1 million. Sirius also holds a 35% stake in Titanium, its €350+ million German-focused joint venture with clients of AXA IM Alts.

 

The Company's strategy centres on acquiring business parks at attractive yields and integrating them into its network of sites - both under the Sirius name and alongside a range of branded products. The business then seeks to reconfigure and upgrade existing and vacant space to appeal to the local market via intensive asset management and investment and may then choose to selectively refinance or dispose of assets once they meet maturity, to release capital for new investment. This active approach allows the Company to generate attractive returns for shareholders through growing rental income, improving cost recoveries and capital values, and enhancing returns through securing efficient financing terms. The Company has a strong track record for growing its income and has delivered like-for-like rent roll growth in excess of 5% for the last eight consecutive years.

 

For more information, please visit: www.sirius-real-estate.com

 

Follow us on LinkedIn at https://www.linkedin.com/company/siriusrealestate/

 

Follow us on Twitter at @SiriusRE

 

JSE Sponsor

PSG Capital

 

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TSTDQLFFLFLZFBD
Date   Source Headline
3rd Jun 20262:00 pmRNSAnnual Report and Notice of Annual General Meeting
1st Jun 20262:00 pmRNSCash dividend/ offer of Dividend Reinvestment Plan
1st Jun 20267:00 amRNSResults for the year ended 31 March 2026
28th May 20267:00 amRNSSirius notarises acquisition of business park
26th May 202611:00 amRNSChanges to the Board and to the Audit Committee
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13th Apr 20267:00 amRNSTrading Update
1st Apr 20267:00 amRNSDEALING IN SECURITIES
30th Mar 20262:00 pmRNSSirius to acquire defence-anchored business park
24th Mar 20269:00 amRNSHolding(s) in Company
18th Mar 20267:00 amRNSSirius secures €300M Revolving Credit Facility
27th Feb 20263:00 pmRNSTotal Voting Rights
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17th Feb 20263:00 pmRNSDirector/PDMR Shareholding
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16th Feb 20264:40 pmRNSProposed capital raise of c. £75 million
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23rd Jan 20263:00 pmRNSNotification of a transaction by a PCA with a PDMR
20th Jan 20263:00 pmRNSNotification of a transaction by a PDMR
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13th Jan 20267:00 amRNSHolding(s) in Company
12th Jan 20267:00 amRNSHolding(s) in Company
9th Jan 20267:05 amRNSHolding(s) in Company
9th Jan 20267:00 amRNSHolding(s) in Company
22nd Dec 20257:05 amRNSNotification of a transaction by a PDMR
22nd Dec 20257:05 amRNSNotification of a transaction by a PDMR
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25th Nov 20257:05 amRNSDealing in Securities
25th Nov 20257:00 amRNSNotification of transactions by PDMRs
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18th Nov 20257:02 amRNSCash dividend and Dividend Reinvestment Plan
18th Nov 20257:00 amRNSCash dividend and Dividend Reinvestment Plan
17th Nov 20252:00 pmRNSCash dividend and Dividend Reinvestment Plan
17th Nov 20257:00 amRNSInterim results for six months ended 30 Sept 2025
24th Oct 202510:00 amRNSHolding(s) in Company
21st Oct 20257:00 amRNSAnalyst and Investor Property Tour
20th Oct 20257:00 amRNSSirius to acquire business park for €43.7 million
15th Oct 20257:00 amRNSFITCH REAFFIRMS SIRIUS' BBB CREDIT RATING
6th Oct 20257:00 amRNSTrading Statement
25th Sep 202511:00 amRNSDirector/PDMR Shareholding
22nd Sep 202510:00 amRNSHolding(s) in Company
15th Sep 20257:00 amRNSSirius issues €105 million of notes in bond tap
2nd Sep 20257:00 amRNSSirius completes acquisitions in Germany and U.K.
12th Aug 20257:00 amRNSSirius grows U.K. portfolio with acquisition
7th Aug 20254:15 pmRNSResults of Dividend Reinvestment Plan
6th Aug 20257:00 amRNSSirius acquires two business parks
31st Jul 20257:00 amRNSHolding(s) in Company

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