Sirius Real Estate Ltd. (SRE)

Sector:

Real Estate

Index:

FTSE 250

75.30p
   
  • Change Today:
      1.20p
  • 52 Week High: 76.10
  • 52 Week Low: 55.60
  • Currency: UK Pounds
  • Shares Issued: 1,030.92m
  • Volume: 2,346,130
  • Market Cap: £776.28m
  • RiskGrade: 125

Sirius Real Estate completes disposal programme with sale of Bremen site

By Josh White

Date: Wednesday 03 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Germany-focussed business parks owner and operator Sirius Real Estate has completed the sale of its Bremen Dötlinger Strasse business park to a private investor, in announced on Wednesday, for €6.3m.
The AIM-traded firm said that was in line with the book value as at 30 September, and reflected an EPRA net yield of 5.1%.

It said the property was notarised for sale on 23 October.

The park contained 10,273 square metres of mixed-use space, which was 43% vacant and required \"significant\" capital expenditure to attract new tenants.

Sirius said the disposal completed its recent programme of sales of a number of non-core assets in the portfolio, with the others being Bremen Hag Business Park, Bremen Brinkmann, a non-income producing piece of land and a vacant residential building.

Together, those sales had generated proceeds of €27.4m.

\"With the disposal of these non-core assets and the complete withdrawal from the non-core location of Bremen, we are now focused on Germany\'s \'big seven\' cities,\" said Sirius Real Estate chief executive officer Andrew Coombs.

\"The proceeds from these sales provide us with additional capital to invest in our capex investment programme on the current portfolio and on new acquisitions.\"

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SRE Market Data

Currency UK Pounds
Share Price 75.30p
Change Today 1.20p
% Change 1.62 %
52 Week High 76.10
52 Week Low 55.60
Volume 2,346,130
Shares Issued 1,030.92m
Market Cap £776.28m
RiskGrade 125

SRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
5.57% above the market average5.57% above the market average5.57% above the market average5.57% above the market average5.57% above the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average
Price Trend
84.56% above the market average84.56% above the market average84.56% above the market average84.56% above the market average84.56% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Income
22.88% above the market average22.88% above the market average22.88% above the market average22.88% above the market average22.88% above the market average
23.81% above the sector average23.81% above the sector average23.81% above the sector average23.81% above the sector average23.81% above the sector average
Growth
81.49% above the market average81.49% above the market average81.49% above the market average81.49% above the market average81.49% above the market average
78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average78.95% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SRE Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Jul-19 13-Dec-18
Paid 22-Aug-19 18-Jan-19
Amount 1.73¢ 1.63¢

Trades for 11-Oct-2019

Time Volume / Share Price
16:35 402,565 @ 75.30p
16:29 456 @ 75.20p
16:29 355 @ 75.10p
16:29 50 @ 75.30p
16:29 1,684 @ 75.30p

SRE Key Personnel

CEO Andrew Coombs
CFO Alistair Marks

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