Sirius Real Estate Limited Trading Statement (0825B)
May 31 2023 - 1:00AM
UK Regulatory
TIDMSRE
RNS Number : 0825B
Sirius Real Estate Limited
31 May 2023
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: GG00B1W3VF54
31 May 2023
Sirius Real Estate Limited
("Sirius Real Estate", "Sirius" or the "Company")
Trading Statement
Sirius Real Estate, the leading owner and operator of branded
business and industrial parks providing conventional space and
flexible workspace in Germany and the UK, announces that it expects
its total dividend for the full year ended 31 March 2023 to be
between 5.566 cents and 5.794 cents per share, representing an
increase of between 26.2% and 31.4% compared to the total dividend
of 4.410 cents per share declared in respect of the financial year
ended 31 March 2022. This expected increase is predominantly due to
an increase in funds from operations for the financial year ended
31 March 2023.
This disclosure has been announced in line with JSE Limited
Listings Requirements, pursuant to which the Company is required to
publish a trading statement as soon as it becomes reasonably
certain that the distribution per share for the next period to be
reported on will differ by 15% or more from the distribution per
share for the prior corresponding period.
The financial information on which this trading statement is
based has not been reviewed or reported on by the auditor of the
Company. The audited results for the financial year ended 31 March
2023 are expected to be published on Monday, 5 June 2023.
For further information:
Sirius Real Estate
Andrew Coombs, CEO / Alistair Marks, CIO and Interim CFO
+49 (0) 30 285 010 110
FTI Consulting (Financial PR)
Richard Sunderland / James McEwan / Talia Shirion
+44 (0) 20 3727 1000
SiriusRealEstate@fticonsulting.com
NOTES TO EDITORS
About Sirius Real Estate
Sirius is a property company listed on the main and premium
market of the London Stock Exchange and the main board of the JSE
Limited. It is a leading owner and operator of branded business and
industrial parks providing conventional space and flexible
workspace in Germany and the UK. As of 31 March 2022, and following
the acquisition of BizSpace, a leading UK provider of regional
flexible workspace, the Group's portfolio comprised 140 assets let
to 9,452 tenants with a total book value of over EUR2 billion,
generating a total annualised rent roll of EUR167.1 million. Sirius
also holds a 35% stake in Titanium, its EUR350+ million
German-focused joint venture with clients of AXA IM Alts.
The Company's strategy centres on acquiring business parks at
attractive yields and integrating them into its network of sites -
both under the Sirius name and alongside a range of branded
products. The business then seeks to reconfigure and upgrade
existing and vacant space to appeal to the local market via
intensive asset management and investment and may then choose to
selectively refinance or dispose of assets once they meet maturity,
to release capital for new investment. This active approach allows
the Company to generate attractive returns for shareholders through
growing rental income, improving cost recoveries and capital
values, and enhancing returns through securing efficient financing
terms.
JSE Sponsor
PSG Capital
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END
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