Sirius Real Estate (GB:SRE)
LSE:SRE
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Sirius Real Estate
(LSE:SRE)
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Rating:77Outperform
Price Target:
117.00 p
▲(23.48% Upside)
Action:ReiteratedDate:12/07/25
Sirius Real Estate's strong financial performance and strategic acquisitions are the most significant factors driving the stock score. The company's robust growth in rent roll and income, coupled with a solid dividend yield, provide a strong investment case. However, technical indicators suggest a cautious approach due to bearish trends. The positive sentiment from earnings calls and corporate events further supports the stock's potential, despite challenges such as increased finance costs and foreign exchange losses.
Positive Factors
Revenue and Margin Growth
A multi-year revenue trajectory from €150M to €317.5M and sustained gross/EBITDA margins indicate durable demand for Sirius’s business‑park/industrial offering. Strong margins support cash generation and reinvestment capacity, underpinning long‑term dividend and growth funding.
Negative Factors
Rising Finance Costs
Higher interest expense directly reduces FFO and net income and constrains distributable cash. Management flagged this as a 2–3 year headwind, increasing refinancing and leverage risk and limiting the pace of balance‑sheet‑funded growth absent further deleveraging.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Margin Growth
A multi-year revenue trajectory from €150M to €317.5M and sustained gross/EBITDA margins indicate durable demand for Sirius’s business‑park/industrial offering. Strong margins support cash generation and reinvestment capacity, underpinning long‑term dividend and growth funding.
Read all positive factors
Sirius Real Estate (SRE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.57B
Dividend Yield5.71%
Average Volume (3M)3.41M
Price to Earnings (P/E)4.9
Beta (1Y)1.07
Revenue Growth4.80%
EPS Growth37.75%
CountryUK
Employees459
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.02
Shares Outstanding1,588,665,900
10 Day Avg. Volume2,149,201
30 Day Avg. Volume3,410,692
Financial Highlights & Ratios
PEG Ratio0.22
Price to Book (P/B)0.87
Price to Sales (P/S)4.64
P/FCF Ratio20.74
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£135.50Price Target Upside43.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.09
Revenue Forecast (FY)£248.55M
Sirius Real Estate Business Overview & Revenue Model
Company Description
Sirius Real Estate Limited, a real estate company, engages in the investment, development, and operation of commercial properties in Germany. It owns and manages offices; warehouses, storerooms, and self-storage spaces; and production and workshop...
How the Company Makes Money
Sirius Real Estate generates revenue primarily through rental income from its diversified portfolio of properties. The company leases space to a variety of tenants, earning consistent rental payments that form the bulk of its income. Additionally,...
Sirius Real Estate Earnings Call Summary
Earnings Call Date:Nov 17, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Jun 08, 2026
Earnings Call Sentiment Neutral
The earnings call indicates a strong performance with significant growth in rent roll, income, and acquisitions. However, increased finance costs, foreign exchange losses, and challenges in the U.K. market present notable concerns.Positive Updates
Significant Growth in Rent Roll
The Sirius Group successfully grew the like-for-like rent roll by more than 5% and total rent roll by more than 15% during the period.
Negative Updates
Increased Finance Costs
Finance costs increased from EUR 6.3 million to EUR 9.4 million, creating a headwind for the next 2 to 3 years.
Read all updates
Q2-2026 Updates
Positive
Negative
Significant Growth in Rent Roll
The Sirius Group successfully grew the like-for-like rent roll by more than 5% and total rent roll by more than 15% during the period.
Read all positive updates
Company Guidance
In the recent call discussing Sirius Real Estate's interim results for the period ending September 2025, several key metrics and guidance were highlighted. The group reported a 5.2% increase in like-for-like rent roll, contributing to a 7.7% rise in rental income compared to the previous year. Total rent roll grew by over 15% due to acquisitions, and occupancy in the UK increased by just over 1%. Pricing in both Germany and the UK rose by more than 4%. The company announced a dividend of EUR 0.0318 per share, marking a 4% increase year-on-year. Sirius Real Estate's net operating income increased by 4.9%, with EBITDA up by 9.7% due to operating leverage. Despite a rise in net finance expenses from EUR 6.3 million to EUR 9.4 million, funds from operations (FFO) grew by 6.6% to EUR 64.7 million. The balance sheet reflected a 0.8% increase in reported NAV, while adjusted NAV was slightly down by 0.9%, attributed to foreign exchange effects. The company aims to achieve EUR 150 million in FFO by the end of fiscal year 2028 and has begun planning for a future target of EUR 175 million, with half of the required growth already executed.Sirius Real Estate Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 322.06M | 317.50M | 288.80M | 270.10M | 210.18M | 165.36M |
| Gross Profit | 251.18M | 186.70M | 165.80M | 153.40M | 122.49M | 93.82M |
| EBITDA | 40.26M | 235.00M | 140.80M | 110.80M | 187.60M | 175.61M |
| Net Income | 208.14M | 178.10M | 107.80M | 79.60M | 147.90M | 147.45M |
Balance Sheet | ||||||
| Total Assets | 3.37B | 3.27B | 2.60B | 2.39B | 2.39B | 1.52B |
| Cash, Cash Equivalents and Short-Term Investments | 425.47M | 571.30M | 214.50M | 99.20M | 127.28M | 49.30M |
| Total Debt | 1.45B | 1.35B | 982.90M | 1.00B | 1.02B | 483.04M |
| Total Liabilities | 1.66B | 1.58B | 1.19B | 1.19B | 1.20B | 593.17M |
| Stockholders Equity | 1.71B | 1.69B | 1.41B | 1.20B | 1.19B | 926.53M |
Cash Flow | ||||||
| Free Cash Flow | 131.53M | 71.10M | 103.50M | 79.70M | 54.42M | 37.17M |
| Operating Cash Flow | 137.89M | 133.10M | 146.10M | 113.40M | 81.75M | 71.00M |
| Investing Cash Flow | -342.50M | -207.10M | -66.30M | -41.80M | -429.51M | -73.53M |
| Financing Cash Flow | 309.65M | 429.10M | 42.60M | -98.60M | 431.75M | -53.05M |
Sirius Real Estate Technical Analysis
Positive
94.75
Price Trends
100.23
Negative
97.92
Positive
97.05
Positive
Market Momentum
-1.57
Negative
57.03
Neutral
82.64
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SRE, the sentiment is Positive. The current price of 94.75 is below the 20-day moving average (MA) of 95.53, below the 50-day MA of 100.23, and below the 200-day MA of 97.05, indicating a neutral trend. The MACD of -1.57 indicates Negative momentum. The RSI at 57.03 is Neutral, neither overbought nor oversold. The STOCH value of 82.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:SRE.
Sirius Real Estate Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | £1.57B | 4.93 | 12.27% | 5.71% | 4.80% | 37.75% | |
76 Outperform | £50.18M | 3.28 | 6.10% | 3.92% | -6.10% | 889.93% | |
68 Neutral | £343.11M | 8.24 | 5.35% | 5.88% | -6.52% | -20.26% | |
67 Neutral | £1.25B | 7.07 | 10.25% | 3.62% | -8.66% | 553.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
51 Neutral | £155.19M | -6.51 | -9.62% | ― | ― | ― | |
50 Neutral | £226.07M | 35.14 | 5.91% | 2.71% | -14.09% | ― |
* Real Estate Sector Average
GB:SRE
Sirius Real Estate
99.25
22.92
30.02%
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Sirius Real Estate Corporate Events
Regulatory Filings and Compliance
Sirius Real Estate Confirms Total Voting Rights at 1.59 Billion Shares
Neutral
Feb 27, 2026
Sirius Real Estate has confirmed that its total issued share capital now comprises 1,588,665,840 ordinary shares of no par value, with none held in treasury, resulting in an equal number of voting rights. This disclosure provides investors and oth...
Business Operations and StrategyPrivate Placements and Financing
Sirius Real Estate Directors Back Capital Raise With Share Subscriptions
Positive
Feb 17, 2026
Sirius Real Estate has disclosed that its CEO, CFO, Chief Investment Officer and a non-executive director have all participated in the company’s latest capital raise. The directors subscribed for new ordinary shares at £1.02 each, inves...
Business Operations and StrategyPrivate Placements and Financing
Sirius Real Estate Raises £77m to Fund Defence-Focused German Acquisitions
Positive
Feb 17, 2026
Sirius Real Estate has raised gross proceeds of £77 million through the issue of 75.5 million new shares, equal to about 5% of its existing share capital, at a slight premium to its recent share price. The capital will fund two German acquisi...
Business Operations and StrategyPrivate Placements and Financing
Sirius Real Estate Opens Retail Share Offer to Fund Defence-Focused German Acquisitions
Positive
Feb 16, 2026
Sirius Real Estate has launched a conditional retail offer of new ordinary shares via platform provider RetailBook, alongside a separate institutional placing, as part of a wider capital raise. The offer, open to UK-based new and existing investor...
Business Operations and StrategyPrivate Placements and Financing
Sirius Real Estate to Raise £75m for Defence-Focused German Acquisitions
Positive
Feb 16, 2026
Sirius Real Estate plans to raise about £75 million through a non-pre-emptive placing of new shares, alongside a £2 million retail offer, to fund two defence-focused industrial acquisitions in Germany worth roughly €130 million. Th...
Business Operations and StrategyExecutive/Board Changes
Sirius Real Estate Adds Veteran Industrial Investor Ian Watson to Board
Positive
Feb 11, 2026
Sirius Real Estate, a major operator of business and industrial parks in Germany and the UK, has appointed veteran industrial property investor Ian Watson as an independent non-executive director and member of its nomination committee. Watson brin...
DividendsFinancial Disclosures
Sirius Real Estate Details Uptake of Dividend Reinvestment Plan Without Share Dilution
Positive
Feb 3, 2026
Sirius Real Estate has reported the take-up of its Dividend Reinvestment Plan (DRIP) following the cash dividend declared for the six months to 30 September 2025, allowing shareholders to receive their dividend in the form of existing Sirius ordin...
DividendsRegulatory Filings and Compliance
Sirius Real Estate CEO’s Family Trust Increases Stake via Dividend Reinvestment Plan
Neutral
Jan 23, 2026
Sirius Real Estate has disclosed a transaction under market rules involving The JJC Trust, a person closely associated with the company’s chief executive officer, which elected to receive its dividend in shares through the company’s di...
Other
Sirius Real Estate CEO Andrew Coombs Sells 250,000 Shares
Neutral
Jan 20, 2026
Sirius Real Estate has disclosed that its chief executive officer, Andrew Coombs, has sold 250,000 ordinary shares in the company at a price of £1.007 per share in an off-market transaction conducted on 19 January 2026. Following this sale, C...
Regulatory Filings and Compliance
Sirius CEO Increases Stake with Purchase of Additional Shares
Positive
Dec 22, 2025
Sirius Real Estate has disclosed a share transaction by its chief executive officer, Andrew Coombs, who purchased 3,055 ordinary shares on the London Stock Exchange at £0.92825 per share for his Self Invested Pension Plan. Following this trad...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.