Sirius Real Estate Limited (LSE:SRE, JSE:SRE, OTC:SRRLF) has had a 'buy' rating reaffirmed by two brokers after today's pre-interim results trading update, which reiterated business was in line with management expectations.
Panmure Liberum said that consensus forecasts are for full-year funds from operations (FFO) to be around €123 million and 8.4c, which is slightly above its forecast for €122 million and 8.22c.
Sirius is holding an investor event this week to showcase its UK arm Bizspace, while the broker also noted the statement that exclusive talks are underway on several possible acquisitions.
'Buy' with a 125p target is the broker’s investment view.
Peel Hunt, meanwhile, said: “At 13 times 2026E earnings, the shares remain undervalued against peers.
“The shares trade at net assets, but this fails to reflect the value of Sirius' platform in Germany and the UK and its proven ability to continue to drive quality and growing income streams from its growing asset base.”
Buy with a 115p target price is Peel Hunt's view.
Shares eased 0.6% to 93.6p.