Want to see GB:SRE full AI Analyst Report?
Top Page
Sirius Real Estate
(LSE:SRE)
Select Model
Select Model
Rating:73Outperform
Price Target:
108.00 p
▲(10.71% Upside)
Action:Reiterated
Date:07/01/26
The score is driven primarily by strong financial performance and an attractive valuation (low P/E and high dividend yield). Offsetting these positives are weaker technicals (trading below key moving averages) and fundamental watch items around cash-flow volatility and moderate leverage.
Positive Factors
Steady Revenue Growth
Sustained revenue expansion indicates growing rental income and demand across the business-park portfolio. Continued top-line growth can support occupancy, recurring cash flow and reinvestment in asset improvements over the next several years.
Negative Factors
Free Cash Flow Volatility
Positive cash generation is tempered by a sharp free-cash-flow decline and weaker conversion of earnings into cash. Working-capital movements and capital expenditure swings could constrain funds available for dividends, investment or debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Steady Revenue Growth
Sustained revenue expansion indicates growing rental income and demand across the business-park portfolio. Continued top-line growth can support occupancy, recurring cash flow and reinvestment in asset improvements over the next several years.
Read all positive factors
Sirius Real Estate (SRE) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.46B
Dividend Yield6.05%
Average Volume (3M)2.62M
Price to Earnings (P/E)7.3
Beta (1Y)1.20
Revenue Growth12.54%
EPS Growth29.71%
CountryUK
Employees470
SectorReal Estate
Sector Strength53
IndustryReal Estate - Services
Share Statistics
EPS (TTM)0.15
Shares Outstanding1,591,588,900
10 Day Avg. Volume2,019,450
30 Day Avg. Volume2,624,457
Financial Highlights & Ratios
PEG Ratio0.28
Price to Book (P/B)0.85
Price to Sales (P/S)4.62
P/FCF Ratio18.69
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£110.00Price Target Upside12.76% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.09
Revenue Forecast (FY)£251.30M
Sirius Real Estate Business Overview & Revenue Model
Company Description
Sirius Real Estate Limited is a property company primarily focused on the acquisition, development, and management of commercial real estate assets throughout Germany. Its diverse portfolio encompasses various property types, including office buil...
How the Company Makes Money
SRE makes money primarily by earning recurring rental income from leasing commercial and industrial units across its portfolio of business parks. Revenue is generated through base rents paid by tenants under lease agreements, and it may also earn ...
Sirius Real Estate Earnings Call Summary
Earnings Call Date:Nov 17, 2025
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 23, 2026
Earnings Call Sentiment Neutral
The earnings call indicates a strong performance with significant growth in rent roll, income, and acquisitions. However, increased finance costs, foreign exchange losses, and challenges in the U.K. market present notable concerns.Positive Updates
Significant Growth in Rent Roll
The Sirius Group successfully grew the like-for-like rent roll by more than 5% and total rent roll by more than 15% during the period.
Negative Updates
Increased Finance Costs
Finance costs increased from EUR 6.3 million to EUR 9.4 million, creating a headwind for the next 2 to 3 years.
Read all updates
Q2-2026 Updates
Positive
Negative
Significant Growth in Rent Roll
The Sirius Group successfully grew the like-for-like rent roll by more than 5% and total rent roll by more than 15% during the period.
Read all positive updates
Company Guidance
In the recent call discussing Sirius Real Estate's interim results for the period ending September 2025, several key metrics and guidance were highlighted. The group reported a 5.2% increase in like-for-like rent roll, contributing to a 7.7% rise in rental income compared to the previous year. Total rent roll grew by over 15% due to acquisitions, and occupancy in the UK increased by just over 1%. Pricing in both Germany and the UK rose by more than 4%. The company announced a dividend of EUR 0.0318 per share, marking a 4% increase year-on-year. Sirius Real Estate's net operating income increased by 4.9%, with EBITDA up by 9.7% due to operating leverage. Despite a rise in net finance expenses from EUR 6.3 million to EUR 9.4 million, funds from operations (FFO) grew by 6.6% to EUR 64.7 million. The balance sheet reflected a 0.8% increase in reported NAV, while adjusted NAV was slightly down by 0.9%, attributed to foreign exchange effects. The company aims to achieve EUR 150 million in FFO by the end of fiscal year 2028 and has begun planning for a future target of EUR 175 million, with half of the required growth already executed.Sirius Real Estate Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
72
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 347.50M | 317.50M | 288.80M | 270.10M | 210.18M |
| Gross Profit | 201.40M | 186.70M | 165.80M | 153.40M | 122.49M |
| EBITDA | 252.60M | 235.00M | 140.80M | 110.80M | 187.60M |
| Net Income | 229.60M | 178.10M | 107.80M | 79.60M | 147.90M |
Balance Sheet | |||||
| Total Assets | 3.56B | 3.27B | 2.60B | 2.39B | 2.39B |
| Cash, Cash Equivalents and Short-Term Investments | 410.59M | 571.30M | 214.50M | 99.20M | 127.28M |
| Total Debt | 1.45B | 1.35B | 982.90M | 1.00B | 1.02B |
| Total Liabilities | 1.67B | 1.58B | 1.19B | 1.19B | 1.20B |
| Stockholders Equity | 1.89B | 1.69B | 1.41B | 1.20B | 1.19B |
Cash Flow | |||||
| Free Cash Flow | 85.90M | 71.10M | 103.50M | 79.70M | 54.42M |
| Operating Cash Flow | 140.60M | 133.10M | 146.10M | 113.40M | 81.75M |
| Investing Cash Flow | -368.50M | -207.10M | -66.30M | -41.80M | -429.51M |
| Financing Cash Flow | 47.90M | 429.10M | 42.60M | -98.60M | 431.75M |
Sirius Real Estate Technical Analysis
Negative
97.55
Price Trends
96.55
Negative
96.23
Negative
96.05
Negative
Market Momentum
-1.29
Positive
36.48
Neutral
8.98
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:SRE, the sentiment is Negative. The current price of 97.55 is above the 20-day moving average (MA) of 94.95, above the 50-day MA of 96.55, and above the 200-day MA of 96.05, indicating a bearish trend. The MACD of -1.29 indicates Positive momentum. The RSI at 36.48 is Neutral, neither overbought nor oversold. The STOCH value of 8.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:SRE.
Sirius Real Estate Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | £1.46B | 7.33 | 12.69% | 6.05% | 12.54% | 29.71% | |
71 Outperform | £1.23B | 9.29 | 6.53% | 3.49% | -23.35% | 20.53% | |
71 Outperform | £339.21M | 16.67 | 5.05% | 6.03% | -0.42% | -13.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
62 Neutral | £50.18M | 11.88 | 3.61% | 7.59% | -4.65% | -36.18% | |
53 Neutral | £130.89M | -25.67 | -2.38% | 0.12% | ― | ― | |
51 Neutral | £226.50M | 40.74 | 1.34% | 6.44% | 4.03% | -79.67% |
* Real Estate Sector Average
GB:SRE
Sirius Real Estate
91.45
-0.33
-0.36%
GB:GRI
Grainger
164.70
-13.97
-7.82%
GB:HLCL
Helical
195.00
-15.34
-7.30%
GB:MTVW
Mountview Estates
8,725.00
-512.46
-5.55%
GB:PNS
Panther Securities
290.00
20.76
7.71%
GB:PSDL
Phoenix Spree Deutschland Ltd
150.00
-7.08
-4.51%
Sirius Real Estate Corporate Events
Regulatory Filings and Compliance
Sirius Real Estate CEO Increases Stake with £239,875 Share Purchase
Positive
Aug 18, 2026
Sirius Real Estate has disclosed a purchase of 250,000 ordinary shares by its Chief Executive Officer, Andrew Coombs, on the London Stock Exchange at a total value of £239,875. Following this transaction, Coombs and his closely associated per...
Business Operations and StrategyDividendsFinancial Disclosures
Sirius Real Estate Details Shareholder Uptake of Dividend Reinvestment Plan
Positive
Aug 14, 2026
Sirius Real Estate has reported the results of its Dividend Reinvestment Plan linked to the cash dividend for the six months ended 31 March 2026. Shareholders in the UK and South Africa were able to elect to receive their dividend in the form of o...
Business Operations and StrategyStock Buyback
Sirius Real Estate Buys Shares for Employee Plan as Executives Boost Stakes
Positive
Aug 13, 2026
Sirius Real Estate has expanded participation in its Employee Matching Share Plan by acquiring 120,712 ordinary shares on the London Stock Exchange on 12 and 13 August 2026, at prices just below £0.98 per share. These securities, bought for a...
Dividends
Sirius Real Estate Director Reinvests Dividend into Company Shares
Positive
Aug 13, 2026
Sirius Real Estate has disclosed a transaction by Senior Independent Director Ian Watson, who reinvested his cash dividend for the period ended 31 March 2026 into ordinary shares of the company. The trade, executed on 12 August 2026 on the London ...
Regulatory Filings and Compliance
Sirius Real Estate CEO Sells 500,000 Shares in Off-Market Deal
Neutral
Aug 6, 2026
Sirius Real Estate has disclosed that its chief executive officer, Andrew Coombs, has sold 500,000 ordinary shares in the company at a price of £1.02 per share in an off-market transaction. Following the sale, Coombs and his closely associate...
Other
Sirius Real Estate CEO and Associate Increase Shareholdings via Pension Purchases
Positive
Aug 4, 2026
Sirius Real Estate has disclosed share purchases by Chief Executive Officer Andrew Coombs, who acquired 33,000 ordinary shares via a Self-Invested Personal Pension on the London Stock Exchange. Following this transaction, Coombs and his closely as...
DividendsRegulatory Filings and Compliance
Sirius Real Estate Discloses Managerial Share Dealings Under Dividend Reinvestment Plan
Neutral
Aug 3, 2026
Sirius Real Estate has disclosed share transactions by Group General Counsel James Peggie and his closely associated person Joanna Peggie under the company’s dividend reinvestment plan. Both elected to receive recent dividends as Sirius shar...
Regulatory Filings and Compliance
Sirius Real Estate Confirms Total Voting Rights as of 31 July 2026
Neutral
Jul 31, 2026
Sirius Real Estate Limited has confirmed that, as at 31 July 2026, its total issued share capital comprises 1,591,588,877 ordinary shares of no par value, with no shares held in treasury. This means the total number of voting rights in the company...
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Sirius Real Estate grants deferred share options to senior executives
Positive
Jul 24, 2026
Sirius Real Estate has granted nil-cost share options to three senior executives under its 2017 Deferred Bonus Plan, reflecting bonuses earned for the year ended 31 March 2026. Chief executive Andrew Coombs, chief financial officer Chris Bowman an...
Business Operations and StrategyExecutive/Board Changes
Sirius Real Estate grants new performance-linked share options to senior executives
Neutral
Jul 24, 2026
Sirius Real Estate has granted new nil-cost share options under its 2021 Long Term Incentive Plan and 2019 Share Incentive Plan to executive directors and other senior managers, effective 23 July 2026. Awards, including 1.94 million shares to CEO ...
Business Operations and StrategyM&A Transactions
Sirius Real Estate Buys Defence-Backed Fulda Business Park for €49.8 Million
Positive
Jul 22, 2026
Sirius Real Estate has acquired a fully let light-industrial business park in Fulda, Hesse, for total costs of €49.8 million, adding 57,771 sqm of lettable space on a 112,867 sqm plot to its German portfolio. The asset generates annual rent ...
Business Operations and Strategy
Sirius Real Estate Issues New Shares on Incentive Plan Vesting and Increases PDMR Stakes
Neutral
Jul 13, 2026
Sirius Real Estate has issued 1,138,445 new ordinary shares following the vesting and exercise of awards granted under its 2021 Long Term Incentive Plan, with an additional 873,486 shares withheld to cover participants’ tax liabilities. Afte...
Stock BuybackDividendsRegulatory Filings and ComplianceShareholder Meetings
Sirius Real Estate AGM Resolutions Pass Despite Shareholder Pushback on Share Issuance Powers
Neutral
Jul 6, 2026
Sirius Real Estate reported that all resolutions at its annual general meeting on 6 July 2026 were passed by shareholder poll, including the approval of the 2026 annual report, re-election of the entire board, auditor reappointment and remuneratio...
Regulatory Filings and Compliance
Sirius Real Estate Confirms Total Voting Rights at 1.59 Billion Shares
Neutral
Jun 30, 2026
Sirius Real Estate Limited has confirmed that, as of 30 June 2026, its total issued share capital comprises 1,590,450,432 ordinary shares of no par value, with no shares held in treasury. This means the total number of voting rights in the company...
Business Operations and StrategyM&A Transactions
Sirius Real Estate Sells Sheffield Parks to Fund U.K. Self Storage Expansion
Positive
Jun 25, 2026
Sirius Real Estate has agreed to sell two non-core, sub-scale business parks in the Sheffield area for £5.3 million, a 3% premium to book value, as part of its strategy to recycle capital from mature U.K. assets with limited growth prospects....
Business Operations and StrategyPrivate Placements and Financing
Sirius Real Estate Issues New Shares as Incentive Awards Vest
Neutral
Jun 23, 2026
Sirius Real Estate has reported the vesting and exercise of awards under its 2021 Long Term Incentive Plan, Deferred Bonus Plan and UK Share Incentive Plan, resulting in a mix of new share issuance and transfers from its employee benefit trust. Th...
Regulatory Filings and Compliance
Sirius Real Estate Discloses Modest Insider-Associated Share Purchase
Neutral
Jun 17, 2026
Sirius Real Estate has disclosed a share transaction by Sharon Clarke-Wills, a person closely associated with chief executive Andrew Coombs, in line with market abuse and listing rule requirements. Clarke-Wills purchased 5,250 ordinary shares outs...
Business Operations and StrategyPrivate Placements and Financing
Sirius Real Estate Lifts Bond Issues to €500 Million Benchmark Size
Positive
Jun 11, 2026
Sirius Real Estate has raised €185.1 million through taps of two existing corporate bonds, increasing both its 4.000% 2032 notes and 1.750% 2028 notes to a benchmark size of €500 million each. The new notes were priced in line with cur...
Financial DisclosuresShareholder Meetings
Sirius Real Estate Issues Annual Report and Sets July AGM
Neutral
Jun 3, 2026
Sirius Real Estate has dispatched its annual report, including audited consolidated financial statements for the year ended 31 March 2026, and the notice of its upcoming annual general meeting to shareholders. The documents are also available on t...
Business Operations and StrategyDividends
Sirius Real Estate Declares Interim Dividend and Reopens DRIP for Dual-Listed Investors
Positive
Jun 1, 2026
Sirius Real Estate has declared a cash dividend of €0.0322 per share for the six months to 31 March 2026, payable on 30 July 2026 to shareholders on the U.K. and South African registers as of 10 July. The payout, funded from retained earning...
Business Operations and StrategyDividendsFinancial DisclosuresPrivate Placements and Financing
Sirius Real Estate Extends Dividend Streak on Strong FFO and Aggressive Expansion
Positive
Jun 1, 2026
Sirius Real Estate reported another year of solid growth, with profit before tax up 4.9% to €211.4 million and funds from operations rising 8.4% to €133.5 million, supporting its 25th consecutive dividend increase. Like-for-like annual...
Business Operations and StrategyM&A Transactions
Sirius Real Estate acquires €49.8m defence-backed industrial park in Fulda
Positive
May 28, 2026
Sirius Real Estate has notarised the €49.8 million acquisition of a fully let light-industrial business park in Fulda, in Germany’s Hesse region, expanding its portfolio of German industrial assets anchored by long-term tenants. The 57...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Sirius Real Estate Refreshes Board Roles and Audit Committee Leadership
Positive
May 26, 2026
Sirius Real Estate has announced upcoming changes to its Board and Audit Committee, effective after its Annual General Meeting on 6 July 2026, as part of an update to its governance structure. Non-executive director Caroline Britton will step down...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.