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Prices & Quotes - UK Markets - Sirius Real Estate Ltd. (SRE)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Up 95.90p
Change Today:
0.70p
Market Cap:
1,009.65m
Sector:
Real Estate Investment & Services

Sirius buys business park near Stuttgart for €9.2m

By Frank Prenesti

Date: Tuesday 02 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Germany-focused business park owner Sirius Real Estate said it had bought a property near Stuttgart for €9.2m.
The London-listed company said the deal for the 8,800 square-metre mixed-use business park in Fellbach reflected an EPRA net initial yield of 6%.

Sirius said the new asset sits immediately adjacent to an existing site it bought in 2018, creating an enlarged business park comprising over 36,000 sqm of gross lettable area. Sirius acquired the latest site from a "local family office" using existing cash resources.

Chief executive Andrew Coombs said: "The acquisition will provide a number of compelling operational synergies and widens our range of asset management options particularly when considered alongside our existing adjacent Fellbach business park."

"With the major tenant moving out shortly after completion our focus is on growing income through the capture of reversion and reduction in service charge leakage. We continue to benefit from a strong balance sheet allowing us to maintain our strategy of acquisitive growth in and around Germany's key cities."

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SRE Market Data

Currency UK Pounds
Price 95.90p
Change Today 0.70p
52 Week High 101.60p
52 Week Low 68.50p
Volume 1,985,331
Shares Issued 1,052.82m
Market Cap 1,009.65m
Beta 0.01

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What The Brokers Say

Strong Buy 4
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SRE Dividends

  Latest Previous
  Interim Final
Ex-Div 17-Dec-20 09-Jul-20
Paid 21-Jan-21 20-Aug-20
Amount 1.82¢ 1.80¢

Trades for 14-May-2021

Time Volume / Share Price
16:35 5,892 @ 95.90p
16:35 464,852 @ 95.90p
16:29 351 @ 96.30p
16:29 89 @ 96.10p
16:29 488 @ 96.10p

SRE Key Personnel

CEO Andrew Coombs
CFO Alistair Marks