Sirius Real Estate Ld Share Discussion Threads

[petewy] 08/11/2021 10:31

And it drops 4.6p

[petewy] 08/11/2021 10:17

Excellent set of results:
Organic and acquisitive growth continuing to drive rental income, FFO and dividend
• 25.7% increase in profit before tax to €78.2 million (30 September 2020: €62.2 million)
• 13.4% growth in funds from operations ("FFO") to €33.0 million (30 September 2020: €29.1 million)
• 12.1%1 increase in dividend per share to 2.04c (30 September 2020: 1.82c)
• 2.5% increase in like-for-like annualised rent roll to €98.9 million (31 March 2021 €96.5 million2) driven by a 2.6% increase in like-for-like rate per sqm to €6.33 (31 March 2021: €6.17) with further improvement expected in the second half of the year as assets notarised in the period complete and contribute to earnings.

[petewy] 02/11/2021 09:26

SIRIUS ACQUIRES AN OFFICE AND TWO BUSINESS PARKS IN GERMANY FOR €45 MILLION.

No stopping this company.

[santangello] 28/10/2021 11:56

Results are looming over the horizon now, and buyers arriving more in number each day.....

[don carter] 28/10/2021 10:41

I said I was happy with this company? Post 308. Solid regular share price rises since. Part of a solid German recovery.

[jeff h] 07/10/2021 12:29

Sirius has been a very good investment since I bought in a few years ago.

Interesting write up on Andrew Coombs below:-

[petewy] 06/10/2021 08:59

strong update
The Company is pleased to report a six-month trading period that has seen an increase in like for like annualised rent roll of 2.5% to €98.9 million, from €96.51 million at March 2021. This was driven by a 2.6% increase in like-for-like average rental rate highlighting strong occupier demand and the reversionary potential within the portfolio.

[don carter] 07/7/2021 16:02

Cracking company! Very happy with this, now it's on a firm upward rise.

[petewy] 07/6/2021 08:34

Good set of results:
Profit before tax of €163.7 million, representing a 47.7% year-on-year increase (2020: €110.8 million), including €103.9 million of gains from property revaluations (2020: €59.7 million)*
Total shareholder accounting return of 19.5% (2020: 13.1%) generated from a 15.0% increase in adjusted net asset value and 3.62c dividends paid in the year (2020: 3.50c)
• Annualised rent roll increased 7.6% to €97.2 million (2020: €90.3 million) as a result of organic growth and net effect of acquisitions and disposals

[petewy] 24/5/2021 15:06

According to the IC results were today

[petewy] 18/5/2021 07:23

Sirius is pleased to advise that Fitch Ratings has published its first credit rating for Sirius Real Estate resulting in a BBB rating with a stable outlook (Long-Term Issuer Default Rating).
Sirius CFO, Alistair Marks, commented: "The investment-grade rating is a key milestone for Sirius Real Estate and will allow us to optimise and diversify our funding structure. It was pleasing to see the strength and resilience of our asset management model being recognised in the rating."

[wish i wasnt in rbs] 12/4/2021 06:15

Nice trading update

[jeff h] 31/1/2021 14:41

Midas of The Mail update:-

[jeff h] 29/1/2021 14:54

Another Andrew Coombs interview..he does a lot so helps to keep up with the newsflow

[petewy] 04/1/2021 10:58

More buys...

[petewy] 30/11/2020 15:49

to buy a multi-tenanted business park in Nuremberg for a total acquisition cost of €13.7 million, reflecting an EPRA net initial yield of 7.1%. The purchase will be funded from existing cash resources, with completion expected in January 2021.

[petewy] 23/11/2020 23:08

Thanks for SERE which is on my prop watchlist. I bought SRE a while ago so I am getting 6% on my investment.

[blackpoolsteve] 23/11/2020 21:41

I agree, but discount on SRE has gone, so switched into SERE, as discount is still at 20% to NAV. A transcript of the webcast may be on Citywire shortly, if anyone is interested

[petewy] 23/11/2020 10:07

Good set of results

[jeff h] 22/10/2020 10:55

A large write up in Shares today.

Mentions how quite a few of their tenants have been renting in the same buildings for decades, with one of its tenants being on the same site since 1888.

[thewheeliedealer] 13/10/2020 19:12

Hi all,

My mate Peter @Conkers3 and myself did a ‘Twin Petes Investing’ Podcast a few days ago and part of our discussion includes SRE and our take on commercial property. We also chatted about loads of other Stocks and some Ideas for research, and the outlook for Markets and as usual a fair bit of educational stuff with regards to Investing.

Anyway, if you use Apple, Audioboom, Overcast or Spotify you can find it under the 'Conkers Corner' Channel (you want TPI Podcast 33) and you can find it on Soundcloud at the link below.

I hope you enjoy it and find it useful,

Cheers, WD
@wheeliedealer

[petewy] 01/6/2020 09:03

Andrew Coombs, Chief Executive Officer of Sirius Real Estate, said: "It's good to be reporting another successful year, having achieved our sixth consecutive year of greater than 5 per cent annual organic growth in our rent roll and 15 per cent growth in funds from operations, our key measure of operational performance.

[petewy] 23/4/2020 19:11

Buy rec by Emma Powell.

[blackpoolsteve] 21/2/2020 08:37

Yeah,sorry for being thick Dave.
I've been away on holiday, and only just had time to view the announcement.
PCA looks a reasonable switch