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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
30th Jul 20213:00 pmRNSResult of Annual General Meeting
29th Jul 20213:00 pmRNSDirector/PDMR Shareholding
20th Jul 202110:04 amRNSPost Stabilisation Notice - Sirius Real Estate Ltd
14th Jul 202111:00 amRNSHolding(s) in Company
8th Jul 202110:00 amRNSCash fraction applicable to the Scrip Dividend
7th Jul 20213:30 pmRNSHolding(s) in Company
30th Jun 20217:00 amRNSTotal Voting Rights
25th Jun 20213:00 pmRNSDirector/PDMR Shareholding
25th Jun 202112:00 pmRNSHolding(s) in Company
22nd Jun 20217:01 amRNSDirector/PDMR Shareholding
22nd Jun 20217:00 amRNSDirector/PDMR Shareholding
21st Jun 20213:45 pmRNSAllotment of 2018 Long Term Incentive Plan Shares
17th Jun 20217:10 amRNSIssue of further EUR50 million corporate bonds
16th Jun 20217:00 amRNSIssue of inaugural Corporate Bonds raising EUR350m
15th Jun 20212:08 pmRNSPre Stabilisation Notice - Sirius Real Estate Ltd
14th Jun 20213:45 pmRNSPosting of Scrip Dividend Alternative Circular
11th Jun 20212:30 pmRNSPosting of Annual Report and Notice of AGM
9th Jun 202110:00 amRNSUpdate on financing
9th Jun 20217:00 amRNSAppointment of independent non-executive director
7th Jun 20217:00 amRNSFinal Results
25th May 20214:35 pmRNSPrice Monitoring Extension
18th May 20217:00 amRNSSIRIUS REAL ESTATE RATED AT INVESTMENT GRADE BBB
12th Apr 20217:00 amRNSTrading Update
7th Apr 202110:30 amRNSNotice of Trading Update
30th Mar 20217:00 amRNSSIRIUS PROMOTES RÜDIGER SWOBODA TO COO
16th Mar 20217:00 amRNSSIRIUS TO ACQUIRE ESSEN BUSINESS PARK
15th Mar 202110:00 amRNSHolding(s) in Company
12th Mar 202110:00 amRNSHolding(s) in Company
4th Mar 20217:00 amRNSHolding(s) in Company
3rd Mar 202110:00 amRNSHolding(s) in Company
2nd Mar 20217:00 amRNSSIRIUS ACQUIRES STUTTGART BUSINESS PARK
25th Feb 202112:00 pmRNSHolding(s) in Company
23rd Feb 202110:00 amRNSHolding(s) in Company
18th Feb 20217:00 amRNSAPPOINTMENT OF CHIEF MARKETING AND IMPACT OFFICER
15th Feb 20212:00 pmRNSDirector/PDMR Shareholding
4th Feb 20212:00 pmRNSDirector/PDMR Shareholding
29th Jan 20213:30 pmRNSTotal Voting Rights
29th Jan 20217:00 amRNSUpdate on rent collection
27th Jan 20213:30 pmRNSDirector/PDMR Shareholding
25th Jan 20217:00 amRNSSIRIUS & AXA IM ALTS MAKE EUR 80M ACQUISITION
22nd Jan 20217:00 amRNSDirector/PDMR Shareholding
21st Jan 20219:00 amRNSAdmission of Scrip Shares
13th Jan 20212:00 pmRNSAllotment of Scrip Dividend
4th Jan 20217:00 amRNSSIRIUS ACQUIRES THREE BUSINESS PARKS FOR EUR26.0M
23rd Dec 20202:00 pmRNSHolding(s) in Company
21st Dec 20203:30 pmRNSDirector/PDMR Shareholding
17th Dec 202011:00 amRNSCash fraction applicable to the Scrip Dividend
17th Dec 20209:00 amRNSHolding(s) in Company
11th Dec 202011:00 amRNSInterim report posted to shareholders
2nd Dec 20203:25 pmRNSDirector/PDMR Shareholding

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