Sirius Real Estate Ld Share Discussion Threads

[petewy] 18/11/2024 10:41

Healthy set of results. Divi up.

[elbrus55] 11/7/2024 18:15

I called my broker and straight away they were quite helpful and it was processed.It is possible you may be too late now, however. It shows as at "closed" at 6:59pm and not many staff stay later than that.You could still try calling them if you want to.

[aamhager] 11/7/2024 17:53

How to buy?

[petewy] 10/7/2024 17:09

Proposed Capital Raising by shares of c. £150 million to execute on ongoing acquisition strategy.

I'll buy some

[petewy] 03/6/2024 08:45

Good set of results
Results for the year ended 31 March 2024
Continued sustainable FFO growth with strong operational performance driving tenth year of increasing dividends

[petewy] 17/5/2024 08:09

will this effect share price...it has issued €59.9 million nominal value of notes (the "Issuance") to be consolidated and form a single series with the €300 million 1.75% bonds due November 2028, issued originally on 18 November 2021 (ISIN: XS2412732708) (the "11/2021 Notes"). The new notes (the "New Notes") were priced in line with current trading levels and represent a 19.9% tap of the 11/2021 Notes. Net LTV will remain within Sirius' guidance of 40% or below.

[petewy] 15/4/2024 08:38

Good trading update...

[petewy] 08/4/2024 08:50

Sirius Real Estate completes over €100 million of acquisitions.
On the move but not the share...

[wish i wasnt in rbs] 22/11/2023 19:00

More like Sgro than home or lxi?

[elbrus55] 22/11/2023 06:24

6% forward yield not 3% (c. 6 euro cents on 86p)NAV and discount would be best compared with similar assets, it is mostly out of town offices and business parks in Germany. That probably means looking at German companies rather than London listed ones.

[reidy66] 20/11/2023 16:52

The CEO has just been on business live on sky news .

[skyship] 20/11/2023 08:46

Issuing new shares via Primary Bid - aiming for E150m.

Just don't understans SRE. Massively over-valued v. all other property plays.

c3% yield and 5% NAV discount!!!

Surely these should be down at 70p or less.

Can someone explain for me please?

[kalai1] 09/10/2023 13:39

Sirius Real Estate Limited plc issued a trading update for the six months ended 30 September 2023 this morning. The Group reported continued strong trading in line with expectations with like-for-like rent roll growth compared to the prior year of 7.7%. In Germany, occupancy remains stable and the business continues to achieve rental rate growth ahead of inflation, in the UK the focus remains on driving value from BizSpace. The Group's balance sheet remains robust with cash reserves of €112 million of which €88 million is unrestricted. The Group remains active on acquisitions and disposals, with two UK acquisitions in the period running at a 9.6% net initial yield and a disposal in Germany at a 6.0% NIY. Valuation is decent with forward PE ratio at 11.4x mid-range for the Real Estate Operations sector. Dividend yield at over 6% is also decent for the sector and generous for the market as a whole. Share price also has some positive momentum and is drifting up gradually. The weak macro environment is the main risk here, but SRE is potentially worth owning for the longer run. BUY...

...from WealthOracle

[petewy] 09/10/2023 08:25

Healthy update.

[don carter] 08/9/2023 10:38

CEO taking a few more recently....

[petewy] 05/6/2023 08:00

Great Update. Dividend up

""Sirius has delivered another positive set of annual results, with sizeable rental growth underpinned by continued occupier demand for our high-quality and affordable products in both Germany and the UK. This is now the ninth consecutive year of like-for-like rental growth in excess of 5% in the year."

[don carter] 17/4/2023 09:26

Solid update. Undervalued IMHO.

[petewy] 17/4/2023 08:46

Against a challenging market backdrop during the year, Sirius has delivered another period of strong operational performance. The Group expects to deliver results for the financial year ended 31 March 2023 in line with market expectations, and I look forward to the announcement of our fully audited results on Monday June 5th."

Good update

[blackhorse23] 13/2/2023 17:33

Switched to CURY & GNC

[don carter] 27/1/2023 10:58

Andrew Coombs no less. Chance of a good run now?

[petewy] 27/1/2023 09:40

Director buy this morning.

[don carter] 24/1/2023 13:07

In for another small chunk today at 85p.

[petewy] 21/11/2022 09:48

Solid results:
Andrew Coombs, Chief Executive Officer of Sirius Real Estate, said:
"It has been another solid six months for the business, with our portfolio continuing to demonstrate its resilience in both Germany and the UK. Dividend and FFO growth is being supported by strong trading, with continued demand for space at our properties leading to rent roll increases and a robust leasing pipeline taking this positive momentum into the second half. There are also many opportunities within our portfolio to unlock value and grow rental income through our successful asset management platform.

[wish i wasnt in rbs] 17/11/2022 10:52

If they raise the final by the same amount then there's a dividend of 7%, with the added bonus of being in Euros.