Sirius Real Estate Limited Trading Statement (6847G)
November 17 2022 - 2:00AM
UK Regulatory
TIDMSRE
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 of
31 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 EUR2 billion, generating a total annualised rent
roll of EUR167.1 million. Sirius also holds a 35% stake in
Titanium, its EUR350+ 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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END
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