Business
Trading Update
Trading Update.
About this update from Sirius Real Estate Limited
[{"type":"text","content":"\n\nSIRIUS REAL ESTATE LIMITED\n(Incorporated in Guernsey)\nCompany Number: 46442\nJSE Share Code: SRE\nLSE (GBP) Share Code: SRE\nLEI: 213800NURUF5W8QSK566\nISIN Code: GG00B1W3VF54\n \n7 April 2025\nSirius Real Estate Limited\n(\"Sirius Real Estate\", \"Sirius\", the \"Group\" or the \"Company\")\n \nTrading Update for the financial year ended 31 March 2025\n \n6.3% increase in Group like-for-like rent roll\n \nSirius Real Estate, the leading owner and operator of branded business and industrial parks providing conventional space and flexible workspace in Germany and the U.K., provides an update on trading for its financial year ended 31 March 2025.\n \nThe Group has achieved a 12.8%* year-on-year increase in rent roll, driven by a combination of strong organic growth and the ongoing successful asset acquisition programme, coupled with continued strong demand for space at our business parks. On a like-for-like basis, rent roll has accelerated since the first half, leading to a total annual increase of 6.3%* compared to the year ended 31 March 2024, marking the eleventh consecutive year of rent roll growth in excess of 5%. Similar levels of growth have been achieved across both Germany and the U.K. The Group accordingly expects to deliver full year results in line with market expectations.\n \nThe Group also expects to announce a positive valuation movement at Group level at the period end. In Germany, rent roll has continued to benefit from stronger rates, despite anticipated routine move-outs at the beginning of the year which held back occupancy in the first half. It is pleasing to report that the second half saw particularly strong growth in occupancy as the Company's strategy began to bear fruit. The Company's in-house asset management platform was again pivotal in balancing increases in rates whilst maintaining a healthy occupancy mix which permits further growth from our portfolio. We expect to see the growth in income translate into a meaningful increase in our portfolio valuation in Germany against a backdrop of stable yields as the transactional market continues to improve.\n \nIn the U.K., similar to Germany, like-for-like rates continued to grow strongly and a particularly strong finish to the year has seen occupancy increases, driving like-...