Sirius Real Estate Ltd. (SRE)

Sector:

Real Estate

Index:

FTSE 250

131.80p
   
  • Change Today:
      0.20p
  • 52 Week High: 135.20
  • 52 Week Low: 73.00
  • Currency: UK Pounds
  • Shares Issued: 1,064.18m
  • Volume: 1,735,002
  • Market Cap: £1,402.59m
  • RiskGrade: 149

Sirius Real Estate makes €84.8m acquisition in Germany

By Iain Gilbert

Date: Wednesday 18 Aug 2021

LONDON (ShareCast) - (Sharecast News) - Real estate firm Sirius Real Estate said on Wednesday that it had acquired four business park assets and one land parcel for €84.8m.
Sirius stated the park acquisitions were located in Oberhausen, Frankfurt, Heiligenhaus and Öhringen in Germany and provided over 150,000 square metres of lettable space, while the acquired land parcel is adjacent to the firm's existing asset in Neuruppin.

The FTSE 250-listed firm said the acquisition of the properties was partly funded using proceeds from its inaugural €400.0m corporate bond issuance that it successfully completed back in June.

Sirius highlighted that the acquisitions will generate a day one net operating income of €3.4m per annum, representing a blended EPRA net initial yield of 4.1% at occupancy of 59%.

With 62,000 square metres of vacant space, Sirius added the assets would also provide an opportunity to grow income through the letting up of vacant space, accretive refurbishment and selective development.

As of 0850 BST, Sirius Real Estate shares were up 1.48% at 123.60p.

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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 131.80p
Change Today 0.20p
% Change 0.15 %
52 Week High 135.20
52 Week Low 73.00
Volume 1,735,002
Shares Issued 1,064.18m
Market Cap £1,402.59m
RiskGrade 149

SRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
62.71% below the market average62.71% below the market average62.71% below the market average62.71% below the market average62.71% below the market average
87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average87.5% below the sector average
Price Trend
85.05% above the market average85.05% above the market average85.05% above the market average85.05% above the market average85.05% 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
15.08% above the market average15.08% above the market average15.08% above the market average15.08% above the market average15.08% above the market average
35.14% below the sector average35.14% below the sector average35.14% below the sector average35.14% below the sector average35.14% below the sector average
Growth
76.65% above the market average76.65% above the market average76.65% above the market average76.65% above the market average76.65% 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 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
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 15-Oct-2021

Time Volume / Share Price
16:35 704,566 @ 131.80p
16:29 709 @ 131.60p
16:29 1,500 @ 131.60p
16:29 268 @ 131.80p
16:29 268 @ 131.80p

SRE Key Personnel

CEO Andrew Coombs
CFO Alistair Marks

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