Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSirius Real Estate Regulatory News (SRE)

Share Price Information for Sirius Real Estate (SRE)

Share Price is delayed by 15 minutes
Get Live Data
96.50    -0.20 (-0.21%)
Bid:
96.50
Ask:
96.55
Spread: 0.05 (0.052%)
Market Cap: £1.52b
SRE Live PriceLast checked at - London Stock Exchange

Intraday Sirius Real Estate Share Chart

Trading Statement

17 Nov 2022 07:00

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

SIRIUS REAL ESTATE LIMITED

(Incorporated inΒ Guernsey)

Company Number: 46442

JSE Share Code: SRE

LSE (GBP) Share Code: SRE

LEI: 213800NURUF5W8QSK566

ISIN Code: GG00B1W3VF54

Β 

17 November 2022

Sirius Real Estate Limited

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

Trading Statement

Β 

Β 

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 2.693Β euro cents and 2.713Β euro cents per share, representing an increase of between 32.0% and 33.0%, compared to the dividend of 2.040Β 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.

Β 

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.

Β 

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.

Β 

For further information:

Β 

Sirius Real Estate

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

+49 (0) 30 285 010 110

Β 

FTI Consulting (Financial PR)

Richard Sunderland / James McEwan / Talia Shirion

+44 (0) 20 3727 1000

Β 

SiriusRealEstate@fticonsulting.com

Β 

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

Β 

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.

Β 

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.

Β 

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

Β 

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

Β 

Follow us on Twitter at @SiriusRE

Β 

JSE Sponsor

PSG Capital

Β 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
Β 
END
Β 
Β 
TSTDQLFFLFLZFBD
Date   Source Headline
2nd Feb 20222:00 pmRNSHolding(s) in Company
31st Jan 20222:00 pmRNSTotal Voting Rights
31st Jan 20227:00 amRNSSirius Real Estate appoints CIO and new CFO
27th Jan 202211:00 amRNSHolding(s) in Company
26th Jan 20227:00 amRNSDealing In Securities By Employee Benefit Trust
25th Jan 20222:00 pmRNSDirector/PDMR Shareholding
24th Jan 20222:00 pmRNSDirector/PDMR Shareholding
20th Jan 20229:00 amRNSAdmission of Scrip Shares
20th Jan 20227:00 amRNSDirector/PDMR Shareholding
13th Jan 202211:00 amRNSDealing In Securities By Employee Benefit Trust
12th Jan 20222:00 pmRNSAllotment of Scrip Dividend
15th Dec 20211:36 pmRNSDirector/PDMR Shareholding - Replacement
15th Dec 20211:08 pmRNSDirector/PDMR Shareholding
15th Dec 202110:00 amRNSCash fraction applicable to the Scrip Dividend
10th Dec 202110:00 amRNSHolding(s) in Company
9th Dec 20213:26 pmRNSPost Stabilisation Notice - Sirius Real Estate Ltd
3rd Dec 20212:35 pmRNSDEALING IN SECURITIES
2nd Dec 20212:00 pmRNSDirector/PDMR Shareholding
1st Dec 20217:00 amRNSACQUISITION OF NECKARTENZLINGEN BUSINESS PARK
30th Nov 20212:00 pmRNSTotal Voting Rights
29th Nov 20212:00 pmRNSPosting of Scrip Dividend Circular
18th Nov 20211:15 pmRNSIssuance of second Corporate Bond raising EUR 300m
17th Nov 20219:02 amRNSPre Stabilisation Notice - Sirius Real Estate Ltd
16th Nov 202111:00 amRNSHolding(s) in Company
15th Nov 20213:15 pmRNSCompletion of acquisition of BizSpace Group
10th Nov 20213:40 pmRNSCorrection: Director/PDMR Shareholding
10th Nov 202112:00 pmRNSDirector/PDMR Shareholding
9th Nov 20217:00 amRNSSirius Completes Acquisition for EUR39.8M
8th Nov 20214:49 pmRNSResults of Capital Raise
8th Nov 20217:02 amRNSRetail Offer by PrimaryBid
8th Nov 20217:01 amRNSProposed Acquisition and Placing
8th Nov 20217:00 amRNSHalf-year Report
2nd Nov 20219:00 amRNSChanges to the board committees of the Company
2nd Nov 20217:06 amRNSSIRIUS ACQUIRES THREE ASSETS FOR EUR45 MILLION
12th Oct 202111:00 amRNSHolding(s) in Company
8th Oct 20212:00 pmRNSHolding(s) in Company
6th Oct 20217:00 amRNSTrading Update
30th Sep 202112:00 pmRNSDirector Declaration
30th Sep 20219:30 amRNSNotice of Trading Update
15th Sep 20213:00 pmRNSHolding(s) in Company
1st Sep 20217:00 amRNSAppointment of independent non-executive director
31st Aug 20213:00 pmRNSDirector/PDMR Shareholding
31st Aug 20217:00 amRNSTotal Voting Rights
19th Aug 202110:00 amRNSDirector/PDMR Shareholding
19th Aug 20219:30 amRNSDirector/PDMR Shareholding
19th Aug 20219:00 amRNSAdmission of 2018 LTIP Shares and of Scrip Shares
18th Aug 20217:00 amRNSSIRIUS ANNOUNCES EUR 84.8 MILLION OF ACQUISITIONS
11th Aug 20212:01 pmRNSDividend & Allotment of Scrip Dividend
11th Aug 20212:00 pmRNSAllotment of 2018 Long Term Incentive Plan Shares
3rd Aug 20214:25 pmRNSDirector/PDMR Shareholding

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.