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Sirius Real Estate
(LSE:SRE)
Sirius Real Estate (SRE) vs. S&P 500 (SPY)
Sirius Real Estate Business Overview & Revenue Model
Sirius Real Estate Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 381.10M | 288.80M | 270.10M | 210.18M | 165.36M | 150.01M | Gross Profit |
| 381.10M | 165.80M | 153.40M | 122.49M | 93.82M | 85.34M | EBIT |
| 182.10M | 130.70M | 101.60M | 188.16M | 170.68M | 128.49M | EBITDA |
| 24.45M | 140.80M | 110.80M | 187.60M | 175.61M | 125.22M | Net Income Common Stockholders |
| 169.65M | 107.80M | 79.60M | 147.90M | 147.45M | 98.14M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 244.20M | 244.20M | 99.20M | 127.28M | 49.30M | 96.58M | Total Assets |
| 2.60B | 2.60B | 2.39B | 2.39B | 1.52B | 1.40B | Total Debt |
| 982.90M | 982.90M | 1.00B | 1.02B | 483.04M | 499.38M | Net Debt |
| 768.40M | 768.40M | 904.80M | 892.87M | 433.74M | 402.80M | Total Liabilities |
| 1.19B | 1.19B | 1.19B | 1.20B | 593.17M | 600.46M | Stockholders Equity |
| 1.41B | 1.41B | 1.20B | 1.19B | 926.53M | 801.57M |
| Cash Flow | Free Cash Flow | ||||
| 169.75M | 103.50M | 79.70M | 54.42M | 37.17M | 37.04M | Operating Cash Flow |
| 181.35M | 146.10M | 113.40M | 81.75M | 71.00M | 71.34M | Investing Cash Flow |
| -228.90M | -66.30M | -41.80M | -429.51M | -73.53M | -122.24M | Financing Cash Flow |
| 330.70M | 42.60M | -98.60M | 431.75M | -53.05M | 131.88M |
Sirius Real Estate Technical Analysis
Sirius Real Estate Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | £1.28B | 9.96 | 9.47% | 4.83% | 7.24% | 178.76% | |
71 Outperform | £9.42B | 15.58 | 5.18% | 4.14% | -9.88% | ― | |
65 Neutral | £3.74B | 20.56 | 3.17% | 6.30% | -30.83% | ― | |
61 Neutral | $4.71B | 17.93 | -2.95% | 11.44% | 6.38% | -21.59% | |
54 Neutral | £4.11B | 38.92 | 1.61% | 7.39% | -1.73% | ― |
Sirius Real Estate Corporate Events
Sirius Real Estate has announced the acquisition of a multi-tenanted business park in Mönchengladbach for €17.2 million, which is expected to enhance its operational synergies in Germany due to its proximity to existing assets. The acquisition includes a sale and partial leaseback agreement with SMS group, contributing significantly to the site’s rental income. Additionally, Sirius has sold its BizSpace Cardiff site for £5.1 million, achieving a 10% premium over book value. This sale is part of a broader strategy to maximize the value of non-core assets and reinvest proceeds into properties with higher value-creation potential.
Sirius Real Estate Limited, a non-UK issuer, has announced a change in the voting rights holdings of BlackRock, Inc., a major stakeholder. As of March 21, 2025, BlackRock’s total voting rights in Sirius Real Estate have increased from 9.68% to 10.15%, indicating a significant shift in the company’s shareholder structure. This change could potentially impact Sirius Real Estate’s strategic decisions and influence within its market, as BlackRock’s increased stake may lead to greater involvement in the company’s governance.
Sirius Real Estate Limited has announced changes to its board committees, effective from March 21, 2025. Deborah Davis has joined the nomination and remuneration committees, while Mark Cherry has joined the audit committee and stepped down from the sustainability & ethics committee. These changes reflect the company’s ongoing efforts to strengthen its governance structure, potentially impacting its strategic decision-making and stakeholder relations.
Sirius Real Estate has exchanged contracts to acquire the Chalcroft Business Park in Southampton for £40.5 million, including a solar facility and development land. This acquisition aligns with Sirius’s strategy to enhance its portfolio with income-generating assets and sustainability features. The business park, strategically located near Southampton, is 80% occupied and offers opportunities for further development, potentially increasing rental income. This move is part of Sirius’s broader acquisition program, which has seen over €100 million in property acquisitions since last July, aimed at boosting the company’s income and development potential.
Sirius Real Estate has sold its BizSpace Tyseley Business Park in Birmingham for £6.7 million, achieving a 20% premium over its book value. This sale underscores Sirius’s strategy of enhancing rental income and capital values through strategic asset management and timing, allowing for efficient capital recycling into new acquisitions. The transaction highlights Sirius’s ability to attract higher-paying tenants and execute deals that align with its growth strategy, ultimately benefiting shareholders through improved returns.
Sirius Real Estate has announced a transaction involving the transfer of 222,847 ordinary shares by its CEO, Andrew Coombs, to The JJC Trust, a family trust with which he is associated. Following this transaction, Mr. Coombs holds a total of 11,774,031 shares in the company, comprising a 0.7788% stake in Sirius Real Estate. This transfer highlights the internal management of shares within the company, potentially reflecting strategic family trust planning or internal restructuring, though it does not immediately impact the company’s market operations or stakeholder interests.
Sirius Real Estate Limited has announced the results of its Dividend Reinvestment Plan (DRIP) for the six-month period ending 30 September 2024. Shareholders had the option to receive their dividends in cash or as additional shares. A total of 81,958 shares were purchased for UK shareholders and 1,381,364 for South African shareholders who opted for shares instead of cash dividends. The total issued share capital of the company remains unchanged, and the majority of the cash dividends were paid out, with a smaller portion satisfied through share delivery.
Sirius Real Estate has appointed Tom Lampard as Property Director for Self Storage to enhance its position in the self-storage market in the U.K. and Germany. This strategic hire aims to capitalize on the company’s potential for market expansion, with plans to develop new facilities and convert existing sites to meet growing self-storage demand. Lampard, who joins from Shurgard Self Storage, will bring significant expertise to BizSpace’s leadership team, supporting Sirius’ growth in this high-yielding sector.
Sirius Real Estate has acquired the Earl Mill Business Park in Oldham, U.K., for £5.7 million, marking its second acquisition this year. This purchase, along with a recent acquisition in Dresden, presents a significant opportunity for Sirius to enhance value through its management platforms due to the combined vacancy of 26%. Earl Mill, operating under the BizSpace brand, offers substantial lettable space with a high occupancy rate, generating significant income and potential for future development. The acquisition aligns with Sirius’s strategy of acquiring business parks with attractive yields and leveraging its asset management capabilities in the U.K. and Germany.
Sirius Real Estate has acquired the Reinsberg business park in Germany for €20.4 million, expanding its portfolio and leveraging its platform for additional income and value creation. The acquisition offers operational synergies with existing sites and demonstrates Sirius’s ability to quickly execute strategic transactions, enhancing its industry positioning and shareholder returns.
Sirius Real Estate has secured a €13 million, 5-year loan at 3.264% to refinance its Saarbrücken business park, demonstrating its continued ability to attract financing at favorable rates. The company also recently raised €350 million through a senior unsecured corporate bond issuance. Additionally, Sirius’s MSCI AA ESG Rating has been reaffirmed, highlighting its commitment to sustainability. This refinancing and the bond issuance reflect the quality of Sirius’s assets and the appeal of the European lending market, reinforcing its position as a leader in sustainable financing and efficient asset management.
Sirius Real Estate has disclosed recent transactions involving its Chairman, CEO, and a closely associated person, highlighting the purchase of shares by these individuals. The transactions indicate a significant personal investment by the executives, potentially reflecting confidence in the company’s future performance. These share purchases could positively impact stakeholder perceptions and demonstrate strong internal support for the company’s strategic direction.
Sirius Real Estate Limited has announced transactions involving key personnel, including Chairman Daniel Kitchen and CEO Andrew Coombs, who have purchased shares in the company. These transactions, conducted both directly and indirectly through various holdings, indicate a continued confidence in the company’s performance and strategic direction by its senior management. The purchases, totaling several hundred thousand shares, represent a small but significant percentage of the company’s total issued share capital, potentially impacting the perception of Sirius Real Estate’s market position and investor confidence.
Sirius Real Estate Limited announced the participation of its key personnel in the dividend reinvestment plan (DRIP), where dividends are received in the form of shares. CEO Andrew Coombs, Finance Director Burkhard Honsek, and Contracts Director Andreas Schlesinger have increased their shareholdings, indicating confidence in the company. This move aligns with the company’s strategy to enhance equity holdings among its leadership and may positively impact stakeholder trust and market perception.
Sirius Real Estate has successfully raised €350 million through a senior unsecured corporate bond issuance, which was five times oversubscribed, indicating strong investor confidence. The funds will be used to refinance existing debt and support a pipeline of acquisitions in Germany and the U.K., enhancing the company’s growth strategy and extending its debt maturity profile.