Proactive Research Analyst presents his analysis on Sirius Real Estate (LON:SRE). A real-estate investment company listed in the UK but owning a portfolio of assets located 100% in Germany, primarily business park properties close to the major German cities.
Stacey explains why he has upgraded the firm following the company’s full-year results release (7 June), Sirius completed a €400mln bond issue.
This leads to a reduced cost of financing and also provides clear visibility on the company’s ability to execute on its pipeline of property acquisition opportunities. These two factors together have led us to review our forecasts for funds from operations (FFO) per share.