Sirius Real Estate FY FFO up 8.4%, helped by rental and occupier demand

Sirius Real Estate

01/06/2026 07:13

Overview
Business parks operator's FY profit before tax rose 4.9% on strong operations
Funds from operations grew 8.4% year-on-year, driven by rental and occupier demand
Company raised dividend for 25th consecutive year, supported by consistent FFO growth

Outlook
Company says trading in new financial year is in line with management expectations
Sirius continues to assess growth options in Germany and the UK, including asset recycling
Defence and self storage seen as compelling growth opportunities in both core markets

Result Drivers
RENT ROLL GROWTH - Like-for-like rent roll rose 6.4% to €224.2 mln, driven by strong occupier demand and disciplined pricing in Germany and the UK
ASSET MANAGEMENT - Value-add capex and targeted investments in vacant and sub-optimal space supported income growth and valuation gains
ACQUISITIONS - Portfolio expansion through €463.3 mln of completed or notarised assets contributed to higher income and portfolio value

Company press release: ID:nRSA3342Ga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY FFO
 
EUR 133.50 mln
 
FY FFO Per Share
 
EUR 0.09
 
FY Pretax Profit
 
EUR 211.40 mln
 

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the real estate rental, development & operations peer group is "buy."
Wall Street's median 12-month price target for Sirius Real Estate Ltd is GBp127.50, about 29.7% above its May 29 closing price of GBp98.30
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)