Company
Sirius Real Estate Limited
LON:SRE
Sirius Real Estate Limited is a leading owner and operator of branded business parks, industrial complexes and out of town offices in Germany and the UK. The company's purpose is to create and manage optimal workspaces that empower small and medium-sized businesses to grow, evolve and thrive. Sirius seeks to unlock the potential of its people, its properties and the communities in which it operates, so that together they can create sustainable impact and long-term financial and social value.
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Peel Hunt repeats 'buy' rating and 115p target price on Sirius Real Estate following latest trading update
The Peel Hunt analysts said "the shares are now very cheap: at 10x 2023E earnings, a prospective 6.6% yield, and a c.29% discount to our NTA forecast, we see plenty to go after"
Sirius Real Estate trades in line with expectations as rent roll jumps
Germany and the UK had a 12-month rolling cash collection rate of 98% and 99.3% respectively
Sirius Real Estate refinances €170mln debt facility for seven years
It will extend the flexible workspace investor's total weighted average debt expiry from 3.8 years to 5.0 years and its weighted average cost of debt from 1.4% to 1.9%
Sirius Real Estate completes £16mln Camberwell business park sale
The sale price represents a net initial yield of 2% and a 94% premium to the value it paid in November
Sirius Real Estate says new financial year has begun as planned
As a large percentage of tenancy agreements include inflation indexations, the company is confident in its ability “to generate further increases in average rental rates in the coming financial year”
Sirius Real Estate raises targets for sustainability, including of returns
Its previously communicated ambition to reach €100mln of annual cash flow is already “within sight”
Sirius Real Estate delivers strong operating and financial performance
The company said the total return for the year was 20%
Sirius Real Estate expects to hike full-year dividend by around one-sixth
This expected increase is predominantly due to an increase in funds from operations for the financial year ended 31 March 2022.
Sirius Real Estate a 'buy' after £16mln business park sale - Berenberg
The broker, therefore, issued a price target of 142p - a 25% premium on its Monday late-afternoon value
Sirius Real Estate agrees to sale of £16mln asset
The asset was part of a wider portfolio the London-listed company acquired when it purchased BizSpace
Sirius Real Estate reports further rent roll growth in 'transformative' year
There was free cash of roughly €126mln on the balance sheet at year-end
Sirius Real Estate to become hybrid REIT
It is only the UK part of the business that is to become a real estate investment trust (REIT)
Sirius Real Estate appoints new CFO and CIO to accelerate growth
Both appointments will help the company achieve further growth and development