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Sirius Real Estate Ltd on Monday reported higher annual profit and revenue, underpinned by strong occupier demand in Germany and the UK. The London and Johannesburg-listed property investor reported pretax profit of €211.4 million for the financial year that ended March 31, up 4.9% from €201.6 million the year before. Sirius credited a strong operational performance and a €111.3 million valuation gain. Revenue rose 9.4% to €347.5 million from €317.5 million, thanks to both organic growth and growth from acquisitions. Sirius said like-for-like annualised rent roll grew by 6.4% to €224.2 million from €210.8 million. Funds from operations rose 8.4% to €133.5 million from €123.2 million, as the company progressed towards its near-term goal of €150 million in annual FFO and set its next target at €175 million. Sirius acquired nine properties in Germany for €271.1 million, contributing an annualised net operating income of €19.8 million. Net operating income was up 7.7% to €201.4 million from €186.7 million. Basic earnings per share rose 24% to 15.16 euro cents from 12.20 cents, though EPRA EPS fell just 7.8% to 7.43 cents from 8.06 cents. Headline EPS dropped 19% to 6.56 cents from 8.06 cents. Sirius declared a final dividend of 3.22 euro cents, up 4.2% from 3.09 cents, bringing the total payout for the 2026 financial year to 6.40 cents, up 4.1% from 6.15 cents. ‘Sirius has delivered another strong performance over the past year, demonstrating the continued effectiveness of the group’s asset management programme in driving growth and value, even during times of volatile market conditions,’ Sirius Chief Executive Officer Andrew Coombs said. Looking ahead, Sirius said it continues to assess further growth options in both Germany and the UK on an opportunistic basis. Shares in Sirius Real Estate were down 0.1% at 98.20 pence each in London on Monday morning. In Johannesburg, the stock was down 0.8% at R 21.50. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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