Sirius Real Estate Ltd. (SRE)

Sector:

Real Estate

Index:

FTSE 250

132.60p
   
  • Change Today:
    -2.60p
  • 52 Week High: 135.20p
  • 52 Week Low: 72.30p
  • Currency: UK Pounds
  • Shares Issued: 1,064.18m
  • Volume: 10,214,759
  • Market Cap: £1,411.11m
  • RiskGrade: 149

Sirius Real Estate delivers 'strong' results despite 'challenging' backdrop

By Iain Gilbert

Date: Monday 07 Jun 2021

LONDON (ShareCast) - (Sharecast News) - Property giant Sirius Real Estate delivered "a set of strong results" despite the "challenging backdrop" of the Covid-19 pandemic.
Sirius said on Monday that pre-tax profits had surged 47% to €163.7m as rental rates increased despite coronavirus-related restrictions, with like-for-like rental rates rising 3.5% to €6.17 per square metre.

Annualised rent roll increased 7.6% to €97.2m as a result of organic growth and the net effect of acquisitions and disposals, while funds from operations shot up 9.3% to €60.9m.

The FTSE 250-listed outfit also raised its total shareholder accounting return to 19.5% from 13.1% a year earlier, generated from a 15.0% increase in adjusted net asset value and 3.62c dividends paid during the year.

Chief executive Andrew Coombs said: "Against the challenging backdrop of the pandemic, Sirius has delivered a set of strong results providing a clear demonstration of our ability to utilise our operating platform in all market conditions to increase income and capital values.

"We have ended the year with a strong balance sheet which will allow us to take advantage of acquisition opportunities as they arise and continue to grow income and capital values through selective investment."

As of 0915 BST, Sirius shares were down 0.40% at 100.80p.

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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 132.60p
Change Today -2.60p
% Change -1.92 %
52 Week High 135.20p
52 Week Low 72.30p
Volume 10,214,759
Shares Issued 1,064.18m
Market Cap £1,411.11m
RiskGrade 149

SRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52% below the market average52% below the market average52% below the market average52% below the market average52% below the market average
79.59% below the sector average79.59% below the sector average79.59% below the sector average79.59% below the sector average79.59% below the sector average
Price Trend
85.46% above the market average85.46% above the market average85.46% above the market average85.46% above the market average85.46% above the market average
92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average
Income
21.63% above the market average21.63% above the market average21.63% above the market average21.63% above the market average21.63% above the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
77.92% above the market average77.92% above the market average77.92% above the market average77.92% above the market average77.92% above the market average
96.15% above the sector average96.15% above the sector average96.15% above the sector average96.15% above the sector average96.15% above the sector average

What The Brokers Say

Strong Buy 5
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 5
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 08-Jul-21 17-Dec-20
Paid 19-Aug-21 21-Jan-21
Amount 1.98¢ 1.82¢

Trades for 24-Sep-2021

Time Volume / Share Price
11:30 800,000 @ 133.50p
16:38 2,909 @ 132.60p
16:38 1,616 @ 132.60p
16:38 1,796 @ 132.60p
16:36 1,995 @ 132.60p

SRE Key Personnel

CEO Andrew Coombs
CFO Alistair Marks

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