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Sirius Real Estate
(LSE:SRE)
Sirius Real Estate (SRE) vs. iShares MSCI United Kingdom ETF (EWC)
Sirius Real Estate Business Overview & Revenue Model
Sirius Real Estate Earnings Call Summary
Sirius Real Estate Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 319.90M | 317.50M | 288.80M | 270.10M | 210.18M | 165.36M |
| Gross Profit | 319.90M | 186.70M | 165.80M | 153.40M | 122.49M | 93.82M |
| EBITDA | 0.00 | 235.00M | 140.80M | 110.80M | 187.60M | 175.61M |
| Net Income | 178.10M | 178.10M | 107.80M | 79.60M | 147.90M | 147.45M |
Balance Sheet | ||||||
| Total Assets | 3.27B | 3.27B | 2.60B | 2.39B | 2.39B | 1.52B |
| Cash, Cash Equivalents and Short-Term Investments | 571.30M | 571.30M | 214.50M | 99.20M | 127.28M | 49.30M |
| Total Debt | 1.35B | 1.35B | 982.90M | 1.00B | 1.02B | 483.04M |
| Total Liabilities | 1.58B | 1.58B | 1.19B | 1.19B | 1.20B | 593.17M |
| Stockholders Equity | 1.69B | 1.69B | 1.41B | 1.20B | 1.19B | 926.53M |
Cash Flow | ||||||
| Free Cash Flow | 119.90M | 71.10M | 103.50M | 79.70M | 54.42M | 37.17M |
| Operating Cash Flow | 133.10M | 133.10M | 146.10M | 113.40M | 81.75M | 71.00M |
| Investing Cash Flow | -207.10M | -207.10M | -66.30M | -41.80M | -429.51M | -73.53M |
| Financing Cash Flow | 429.10M | 429.10M | 42.60M | -98.60M | 431.75M | -53.05M |
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 |
|---|---|---|---|---|---|---|---|
77 Outperform | £1.40B | 7.94 | 12.51% | 5.79% | 4.80% | 37.75% | |
74 Outperform | £343.11M | 15.90 | 5.35% | 5.83% | -6.52% | -20.26% | |
74 Outperform | £1.40B | 25.49 | 7.57% | 2.14% | 7.81% | 22.76% | |
67 Neutral | £1.33B | 6.56 | 10.30% | 3.63% | -8.66% | 553.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
55 Neutral | £227.30M | 9.06 | 6.07% | 2.70% | -14.09% | ― |
Sirius Real Estate Corporate Events
Sirius Real Estate has acquired a multi-tenant business park in Hamburg for €31.9 million, marking its fifth acquisition in the city. The site, located in a prime industrial area, offers significant potential for revenue growth through increased occupancy and development opportunities. This acquisition aligns with Sirius’s strategy to focus on the German market, leveraging the country’s strong economy and macroeconomic conditions, and follows a series of acquisitions totaling over €340 million in the UK and Germany this year.
Sirius Real Estate Limited has implemented the Sirius Real Estate Employee Matching Share Plan (EMSP) to encourage employees to build a shareholding in the company, aligning their interests with those of shareholders. On November 24, 2025, the company acquired 31,129 ordinary shares on behalf of eligible employees, which were purchased on the London Stock Exchange at a price of 94.6p per share, amounting to a total transaction value of £29,447.74. This initiative is expected to strengthen employee engagement and potentially enhance the company’s operational performance.
Sirius Real Estate announced transactions involving its Chief Executive Officer, Andrew Coombs, and Non-Executive Director, Deborah Davis, who have both purchased shares in the company. Coombs acquired 50,000 shares, increasing his total shareholding to 0.81% of the company’s issued share capital, while Davis purchased 20,000 shares, holding 0.0013% of the share capital. These transactions reflect a commitment from the company’s leadership to invest in Sirius Real Estate, potentially signaling confidence in the company’s future prospects.
Sirius Real Estate has completed the acquisition of a business park in Feldkirchen, near Munich, for €43.7 million. This acquisition adds €3.4 million to its annual rent roll and is expected to benefit from increased defense spending in Germany. The park is 94% occupied and anchored by Excelitas, with other tenants including OVOL Papier and a Bosch subsidiary. This move strengthens Sirius’s portfolio, which is valued at €2.8 billion, and aligns with its growth strategy through strategic acquisitions and asset management.
Sirius Real Estate Limited announced an update to its cash dividend and Dividend Reinvestment Plan, correcting information previously released. The cash dividend will be distributed as 53% Property Income Distribution (PID) and 47% non-PID, with specific tax implications for UK and South African shareholders. This update ensures clarity in the dividend distribution process, potentially impacting shareholder decisions and maintaining transparency in the company’s financial communications.
Sirius Real Estate Limited has announced an update to its cash dividend and Dividend Reinvestment Plan, correcting information from a previous announcement. The company clarified the distribution of the cash dividend, which will be paid as 53% Property Income Distribution (PID) and 47% non-PID, with specific details on the amounts payable to UK and South African shareholders. This update ensures transparency and accuracy in shareholder communications, potentially impacting investor confidence and the company’s market reputation.
Sirius Real Estate has declared a cash dividend of €0.0318 per share for the six-month period ending 30 September 2025, payable on 22 January 2026. Shareholders have the option to reinvest their dividends through the Dividend Reinvestment Plan (DRIP), which allows them to acquire additional shares. The dividend will be distributed in Euros, with UK shareholders having the option to receive it in Sterling, while South African shareholders will receive it in Rand. The announcement reflects Sirius Real Estate’s ongoing commitment to providing returns to its shareholders and may influence investor decisions regarding shareholding and reinvestment strategies.
Sirius Real Estate reported strong operational results for the six months ending September 2025, with a 56.8% increase in profit after tax to €87 million, driven by strong operational performance and tax benefits from the German government’s corporate tax reduction. The company also saw a 15.2% growth in total rent roll to €242.5 million, supported by acquisitions and organic growth in Germany and the UK. Despite a decrease in profit before tax due to foreign exchange losses, funds from operations grew by 6.6% to €64.7 million, and the company announced a 4% increase in its interim dividend. Sirius continues to focus on growth through acquisitions and asset management, maintaining a strong balance sheet with a new €150 million undrawn revolving credit facility and a reaffirmed BBB investment grade rating from Fitch.
Sirius Real Estate is hosting an investor day at the Hartlebury Trading Estate, which it acquired for £101.1 million in August 2025. This acquisition is a significant addition to its BizSpace platform in the U.K., increasing its portfolio by 18% and boosting revenues by 10%. The company plans to enhance the estate’s value through environmentally focused upgrades, aligning with its asset management strategy.
Sirius Real Estate is hosting a property tour and investor day at the Hartlebury Trading Estate in Worcestershire, U.K., following its acquisition of the estate for £101.1 million in August 2025. This acquisition has significantly expanded Sirius’s BizSpace platform in the U.K., increasing its portfolio size by 18% and boosting revenues by 10%. The company plans to enhance income through value-add asset management strategies, including environmentally focused upgrades.
Sirius Real Estate has announced the acquisition of a business park in Feldkirchen, near Munich, for €43.7 million. This strategic purchase is expected to enhance the company’s presence in Germany, aligning with its focus on benefiting from increased defense spending. The park, anchored by Excelitas, a major player in the defense sector, is 94% occupied and offers potential for rental growth. This acquisition is part of Sirius’s broader strategy to expand its portfolio with income-producing assets, having already invested around €340 million in properties across the U.K. and Germany in 2025.
Sirius Real Estate has had its BBB investment grade credit rating reaffirmed by Fitch Ratings, with a stable outlook, highlighting the resilience of its business model and strong tenant demand. This endorsement reflects the company’s effective capital deployment and rental income growth, positioning it well within the industry and providing confidence to stakeholders about its operational strength and future prospects.
Sirius Real Estate reports a 15.2% year-on-year increase in rent roll for the half-year ending September 2025, driven by successful acquisitions and organic growth in Germany and the U.K. Despite economic challenges, the company has maintained over 5% like-for-like rent roll growth in both regions, with a strategic focus on asset management and tenant renewal. The company has secured nearly €300 million in acquisitions this year and strengthened its balance sheet with a €150 million revolving credit facility, positioning itself for future growth and increased property valuations.
Sirius Real Estate has reported a 15.2% year-on-year increase in rent roll for the half-year ending September 2025, driven by successful acquisitions and organic growth in Germany and the U.K. Despite economic challenges, the company has maintained robust rent roll growth, particularly in Germany, where economic confidence is rising. In the U.K., Sirius is transitioning to intensive asset management following a period of acquisitive growth. The company has secured nearly €300 million in acquisitions and strengthened its balance sheet with a new €150 million revolving credit facility. Sirius remains optimistic about future growth prospects, supported by a strong acquisition pipeline, particularly in Germany.
Sirius Real Estate has issued €105 million in new notes, consolidating them with its existing €359.9 million bonds due in 2028. This move reflects strong market confidence and will support the company’s acquisition pipeline in Germany and the UK, as well as general corporate purposes. The funding aligns with Sirius’s strategy of pursuing growth while maintaining disciplined leverage, following significant acquisitions this year, including the Hartlebury Trading Estate. This issuance enhances Sirius’s ability to scale its business and capitalize on attractive market opportunities.