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Share Name Share Symbol Market Type Share ISIN Share Description
Sirius Real Estate Ld LSE:SRE London Ordinary Share GG00B1W3VF54 ORD NPV
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.20p +0.31% 65.20p 65.30p 65.60p 65.90p 65.00p 65.00p 451,288 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment & Services 120.7 124.7 11.0 5.7 666.44

Sirius Real Estate Ld Share Discussion Threads

Showing 301 to 324 of 325 messages
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
DateSubjectAuthorDiscuss
11/6/2019
16:19
Steady riser this one. (Not ramping this) On current chart form this could hit 72 by the end of the year. A solid 10% gain
hsduk101
05/6/2019
20:05
£100m valuation gain included within those results though.
topvest
05/6/2019
12:24
Just noticed something on this. The Market cap sits at 654m whilst the business now generates 100m+ profit. This puts its favourably in the category of a potential investment or takeover
hsduk101
03/6/2019
16:21
Good results on this. Profit up 60%+ They have some good decision makers there, who quickly sell of under performing assets. I can see this one doing well.
hsduk101
03/6/2019
10:04
Yes I hold this alongside regional reit - they are doing the same thing in different countries and the returns on offer look good relative to a lot of other areas of the market imo.
nimbo1
03/6/2019
09:31
Absolutely cracking results. Dividend up but down as a proportion of FFO. Excellent rotation of assets. Loan to value well down, completely safe one would think. World economy looks iffy so might not be so easy for the next few years but will almost certainly beat cash on an absolute return basis IMO.
hpcg
03/6/2019
09:03
Liberum; 22% NAV TR in FY2019 Mkt Cap £652m | Prem/(disc) -3.6% | Div yield 4.5% Event Sirius Real Estate's EPRA NAV at 31 March 2019 was €0.7482 per share which represents a 21.6% NAV total return in the year. The NAV performance was driven by a 13.3% like-for-like revaluation gain over the 12-month period. The valuation uplift is due to a combination of yield shift (38 bps of yield compression) and organic rental growth. The gross yield of the portfolio is still relatively high at 7.8%. Performance in the year also benefited from the formation of a JV with AXA in February through the sale of 65% of its holdings in five mature assets. The sale price of €168m for the five assets implies a 6.2% gross yield and a 19.1% premium book value. Organic rental growth was also a key driver of the valuation uplift. Annualised rental income rose by 7.1% on a like-for-like basis over the period despite a number of large move-outs. Like-for-like occupancy increased from 83.7% to 85.8%. Adjusted EPS rose 16% in the year to 4.58 cents per share. The dividend has increased 6.3% in FY2019 to 3.36 cents per share. As expected, the payout ratio reduced from 75% to 70% in the year. The company expects to revert to a 65% payout ratio over the longer term. The valuation gain has helped to reduce the net LTV ratio to 32.4% (target of 40%). Liberum view Sirius has generated a NAV total return in excess of 15% for four consecutive years. Today's results demonstrate continued strong performance with operational gains in addition to an uplift from yield compression. The company's capex investment programme is delivering significant gains and there is considerable scope to increase this across the portfolio. Approximately half of the vacant space in the portfolio is going through the capex investment programme. The occupational market has improved over the past three years which has enabled the company to generate a material increase in both portfolio occupancy and the average rate per sqm over that period. The price achieved for the asset sales to the JV demonstrates the level of investment demand for commercial assets in Germany. Sirius remains well-placed to maintain its strong NAV performance with rising rental growth in addition to potential yield compression.
davebowler
30/5/2019
09:16
''Summit's discount to NAV is over 30 percentage points wider than the average for peers (Alstria, TLG Immobilien, Aroundtown SA, Dream Global Office REIT and Sirius Real Estate).'' Liberum; Summit Properties Earnings on track for 20%+ uplift in 2019 Mkt Cap £506m | Prem/(disc) -34.6% | Div yield n/a Event Summit Properties' NAV at 31 March 2019 was €1.92 per per share, representing a 1.7% return for the period. The return was driven by recurring earnings as there was a marginal revaluation loss of €1.2m in the quarter (we believe this relates to capex spend in the period). Rental income received in the quarter of €20.3m was 28% ahead of Q1 2018. Funds from operations (FFO) have increased by 42.6% to €14.4m (Q1 2018: €10.1m) including €1.6m from residential development profits. This is in line with previous guidance of €51-56m of FFO for 2019. Liberum view Summit Properties' trading update for Q1 2019 has confirmed the company is on track to deliver a significant earnings uplift in FY2019. We calculate recurring earnings of 8.5 cents per share in FY2018 after stripping out residential development profits. The run-rate implied by Q1 2019 suggests Summit will increase recurring earnings by c.24% to 10.5 cents in 2019 (excluding residential development profits). Market conditions in the German commercial real estate market remain favourable despite lower projected GDP growth. The export-orientated manufacturing sector has driven the slowdown in growth expectations. The services sector accounts for over 70% of GDP and employment and the performance of the services sector has remained resilient. Rising office-based employment continues to drive demand for space. Over the last decade, the number of office workers in the top 7 cities has risen by almost 25%, compared to an increase of just 6% for office space. The high level of demand, in combination with a lack of supply, has driven the average vacancy rate down to 3.5%.The majority of new supply in 2019 and 2020 has already been pre-let. Summit's discount to NAV is over 30 percentage points wider than the average for peers (Alstria, TLG Immobilien, Aroundtown SA, Dream Global Office REIT and Sirius Real Estate). We believe this is highly attractive given the quality of the portfolio and the sustainability of double-digit NAV returns over the medium-term driven by stable recurring income, asset management potential (reversionary upside, low capital values) and positive market fundamentals.
davebowler
03/5/2019
08:15
Interesting investor presentation on the German commercial real estate market, in which SRE invests, by the CEO Andrew Coombs. Given at the May ShareSoc London event. hxxps://www.piworld.co.uk/2019/04/24/sirius-real-estate-sre-investor-presentation-at-sharesoc-10th-april-2019/
tomps2
24/4/2019
10:47
Similar SMTP is at 35% discount to NAV Liberum Strong returns, further growth to come Mkt Cap £460m | Prem/(disc) -38.6% | Div yield n/a Event Summit Properties’ 2018 results have confirmed a period of strong performance for the company. NAV per share rose by 53.8% in the year to €1.894 (December 2017: €1.231). NAV total return for the year was 56.3%, maintaining the company’s strong performance since IPO in 2013. The principal reason for the large NAV uplift was a €297m revaluation gain over the period. We estimate a like-for-like portfolio revaluation gain of c.25% in the period as a result of yield shift and asset management activities. Operationally, the portfolio continues to perform well with a further reduction in EPRA vacancy to 7.3%. The average portfolio rent per sqm rose by 8.7% in 2018. Cash generation from the portfolio is high with funds from operations of €44.3m in 2018, representing a 21.4% increase over the prior year. FFO per share was 9.5 cents and we calculate recurring EPS of 8.5 cents (24% increase) after stripping out gains from apartment disposals. Summit has completed over €200m of acquisitions since June (average yield of c.6.6%). We estimate these acquisitions could increase annual recurring earnings by c.20%. Market conditions in the German commercial real estate market remain very favourable. Rising office-based employment is leading to increased demand for space. Over the last decade, the number of office workers in the top 7 cities has risen by almost 25%, compared to an increase of just 6% for office space. The high level of demand, in combination with a lack of supply, has driven the average vacancy rate down to 3.6%. The majority of new supply in 2019 and 2020 has already been pre-let. Investment demand for German commercial property remains high, aided by a supportive financing environment. Transaction volumes have exceeded €50bn for each of the past four years, and achieved a record €60bn in 2018 according to Savills data. Market forecasts indicate volumes will again exceed €50bn in 2019. Liberum view We note the confident outlook from the company regarding the potential for future growth. Rental growth is likely to continue due to a combination of ongoing asset management and positive market fundamentals, suggesting further increases in market rents. Even if there was no growth in market rents, there is still plenty of upside to aim for within the existing portfolio. The portfolio ERV is 28% above the current annualised rent roll. Summit’s -38.6% discount to the December 2018 NAV is 36 percentage points wider than the -2.7% average for peers (Alstria, TLG Immobilien, Aroundtown SA, Dream Global Office REIT and Sirius Real Estate). This is despite Summit’s significantly stronger NAV performance since IPO in 2014. In our view, the outlook for sustainable double-digit NAV returns remains robust given the stable recurring income, asset management potential (reversionary upside, low capital values) and positive market fundamentals. Submit
davebowler
22/4/2019
14:39
The Sirius Real Estate company presentation from our London seminar on the 10th April is now available in our members area here: hTTps://www.sharesoc.org/members-area/
sharesoc
08/4/2019
20:59
Sirius Real Estate (LON:SRE) had its price lifted by Berenberg Bank from 72p to 75p. Threepence? Is that it?
petewy
07/4/2019
12:30
Sirius present at our London growth company seminar on Wednesday which may be of interest to current shareholders and potential investors hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-10-april-2019/
sharesoc
28/3/2019
12:48
Sirius present at our London growth company seminar on the 10th April which may be of interest to current shareholders and potential investors hTTps://www.sharesoc.org/events/sharesoc-growth-company-seminar-in-london-10-april-2019/
sharesoc
12/12/2018
18:52
Sp performed nicely recently
badtime
19/11/2018
08:04
Results look fine
badtime
29/10/2018
13:23
Ditto, I bought 10,000 last Friday at 56.8p
blackpoolsteve
29/10/2018
13:14
Not me. I bought a few at 57p last week.
tyranosaurus
27/10/2018
19:57
who sold 14 million shares yday?
petewy
07/9/2018
15:06
Predictable recovery after a predictable decline. I suspect people forget that there are only 2 dividends per year, so ex-div trading will be more marked down than the usual REIT. People then sell on fear. Which I have no problem at all at the top, and I might try that next time, but the ones that sell at 57p?!? Thanks for the shares is all I can say.
hpcg
07/9/2018
14:40
I.Chronicle. Demand for office space is growing in Germany, supporting a 5.5% forward dividend yield. 57p. (This reference is repeated in todays Money Week)
pylewell
31/8/2018
20:15
Sp seems to have steadied
badtime
31/8/2018
08:13
Tipped in IC I think, not sure what it says
ntv
28/8/2018
07:28
another fall in the £ will help nett assets
ntv
Chat Pages: 13  12  11  10  9  8  7  6  5  4  3  2  Older
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