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Market Cap: £1.52b
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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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Date   Source Headline
5th Oct 201810:30 amRNSAdditional Euro Quotation
2nd Oct 20187:00 amRNSSirius acquires business park in Mannheim
25th Sep 201811:00 amRNSHolding(s) in Company
24th Sep 20187:00 amRNSAppointment of Chairman
21st Sep 20181:00 pmRNSResult of Annual General Meeting
13th Sep 20187:00 amRNS11,000 sqm of lettings and update on pipeline
21st Aug 20184:15 pmRNSDirector/PDMR Shareholding
17th Aug 20184:00 pmRNSAdmission of Scrip Shares & Update re Circular
15th Aug 20184:15 pmRNSDirector/PDMR Shareholding
13th Aug 201812:00 pmRNSHolding(s) in Company
10th Aug 20184:15 pmRNSAllotment of Scrip Dividend
8th Aug 20184:30 pmRNSDirector/PDMR Shareholding
1st Aug 201811:20 amRNSAcquires two business parks and pipeline update
31st Jul 20184:30 pmRNSPosting of Annual Report and Notice of AGM
30th Jul 20182:00 pmRNSHolding(s) in Company
27th Jul 20184:28 pmRNSDirector/PDMR Shareholding - Replacement
27th Jul 20182:00 pmRNSDirector/PDMR Shareholding
12th Jul 201811:15 amRNSHolding(s) in Company
9th Jul 20181:45 pmRNSHolding(s) in Company
9th Jul 20181:35 pmRNSTotal Voting Rights
4th Jul 20183:15 pmRNSDirector/PDMR Shareholding
28th Jun 20184:00 pmRNSDirector/PDMR Shareholding
27th Jun 201810:00 amRNSHolding(s) in Company
26th Jun 201811:30 amRNSDirector/PDMR Shareholding
21st Jun 20182:30 pmRNSHolding(s) in Company
20th Jun 201811:55 amRNSDealing in Sirius securities
15th Jun 201811:00 amRNSDirector/PDMR Shareholding
13th Jun 20184:00 pmRNSDirector/PDMR Shareholding
12th Jun 20184:00 pmRNSDirector/PDMR Shareholding
8th Jun 20183:45 pmRNSScrip Dividend Reference Price and Conversion Rate
6th Jun 20183:35 pmRNSDirector/PDMR Shareholding
6th Jun 20187:00 amRNSDisposal
4th Jun 20187:00 amRNSFinal Results
2nd May 20187:00 amRNSSale of Bremen business park
9th Apr 20188:25 amRNSTrading Statement
4th Apr 201810:21 amRNSHolding(s) in Company
4th Apr 201810:20 amRNSHolding(s) in Company
3rd Apr 20181:30 pmRNSTotal Voting Rights
3rd Apr 201811:30 amRNSHolding(s) in Company
22nd Mar 20181:00 pmRNSHolding(s) in Company
20th Mar 20183:15 pmRNSResult of Placing
20th Mar 20187:00 amRNSProposed Placing
7th Mar 20187:00 amRNSInclusion in EPRA Index
5th Mar 20187:00 amRNSAcquisition of Business Park
1st Mar 201812:45 pmRNSTotal Voting Rights
23rd Jan 201810:30 amRNSHolding(s) in Company
22nd Jan 201810:45 amRNSDirector/PDMR Shareholding
19th Jan 20189:30 amRNSAdmission of Scrip Shares and Circular Update
18th Jan 20181:00 pmRNSDirector Declaration
12th Jan 20181:00 pmRNSAllotment of Scrip Dividend

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