Sirius Real Estate's (LSE:SRE, JSE:SRE, OTC:SRRLF) investment grade rating credit rating of BBB with a 'Stable Outlook' has been reaffirmed by debt rating agency Fitch.
Fitch highlighted the high-yielding nature of the Germany and UK-focused industrial property group’s assets, its resilient occupancy and rental growth due to active asset management plus the affordability of its rents.
The agency also noted Sirius' ability to utilise its in-house digital platform to attract tenants, secure viewings and promote occupancy alongside its enhanced financial profile, with net debt/EBITDA improving to 6.0 times at the end of the financial year to March 2024.
Chris Bowman, Sirius’s chief financial officer added: "Fitch's decision to reaffirm Sirius' investment grade credit rating at BBB is another positive endorsement of the strength of our operating platform, the quality of our portfolio, as well as the resilience and growth potential of our rental income."