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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
11th Aug 20093:33 pmRNSResult of AGM
30th Jun 20094:10 pmRNSHolding(s) in Company
15th Jun 20095:04 pmRNSHolding(s) in Company
8th Jun 20093:02 pmRNSPurchases of Shares in Close Period
8th Jun 20097:00 amRNSFinal Results
1st Jun 200911:20 amRNSPurchases of Shares in Close Period
27th May 20093:49 pmRNSNotice of Results
27th May 200911:08 amRNSPurchases of Shares in Close Period
18th May 200911:05 amRNSPurchases of Shares in Close Period
5th May 200910:01 amRNSPurchases of Shares in Close Period
27th Apr 20094:11 pmRNSHolding(s) in Company
27th Apr 20099:24 amRNSPurchases of Shares in Close Period
23rd Apr 20097:00 amRNSTrading Statement
20th Apr 20099:24 amRNSPurchases of Shares in Close Period
25th Mar 200911:02 amRNSHolding(s) in Company
16th Mar 20097:00 amRNSHolding(s) in Company
12th Mar 200911:41 amRNSHolding(s) in Company
11th Mar 20097:00 amRNSHolding(s) in Company
10th Mar 20099:08 amRNSHolding(s) in Company
5th Mar 20097:00 amRNSHolding(s) in Company
4th Mar 20097:00 amRNSHolding(s) in Company
3rd Mar 200912:50 pmRNSHolding(s) in Company
2nd Mar 20097:00 amRNSNew Banking Facility
19th Jan 20097:00 amRNSHolding(s) in Company
8th Jan 20095:17 pmRNSHolding(s) in Company
7th Jan 20099:28 amRNSHolding(s) in Company
6th Jan 20092:16 pmRNSHolding(s) in Company
5th Jan 20092:37 pmRNSHolding(s) in Company
23rd Dec 20084:35 pmRNSPrice Monitoring Extension
23rd Dec 20083:40 pmRNSHolding(s) in Company
23rd Dec 20082:26 pmRNSHolding(s) in Company
22nd Dec 20083:40 pmRNSHolding(s) in Company
19th Dec 20084:41 pmRNSSecond Price Monitoring Extn
19th Dec 20084:39 pmRNSPrice Monitoring Extension
17th Dec 20085:34 pmRNSHolding(s) in Company
16th Dec 20085:32 pmRNSHolding(s) in Company
11th Dec 200811:58 amRNSHolding(s) in Company
9th Dec 200811:36 amRNSHolding(s) in Company
1st Dec 20087:00 amRNSInterim Results
5th Nov 20089:41 amRNSBoard Change
31st Oct 20084:49 pmRNSSecond Price Monitoring Extn
31st Oct 20084:38 pmRNSPrice Monitoring Extension
28th Oct 20081:01 pmRNSChange of Website Address
28th Oct 200812:18 pmRNSChange of Name
10th Oct 20084:19 pmRNSResult of EGM
3rd Oct 20085:13 pmRNSHolding(s) in Company
3rd Oct 200812:01 pmRNSHolding(s) in Company
2nd Oct 20084:12 pmRNSHolding(s) in Company
2nd Oct 20082:03 pmRNSHolding(s) in Company
1st Oct 20085:00 pmRNSHolding(s) in Company

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