Sirius Real Estate Limited · LSE:SRE
Sirius Real Estate — Q2 2026 Earnings Presentation
62 slides from Sirius Real Estate's earnings presentation, Nov 17, 2025
Slide 1: Half Year Results Presentation
HALF YEAR RESULTS PRESENTATION September 25 Hartlebury, UK
Slide 2: Providing conventional space and flexible workspace
PROVIDING CONVENTIONAL SPACE AND FLEXIBLE WORKSPACE GERMANY ANDINTHEUK KLIPPHAUSEN Germany Klipphausen, Germany P.2
Slide 3: Sirius Real Estate
SIRIUS REAL ESTATE |GERMANY ▪ 76 sites, clustered around the edge of all 7 major cities ▪ Occupancy of 83.2% ▪ 6,752 tenants across those sites ▪ Valued at a 6.7% net yield ▪ Ranging from blue chips to 100‘s of SME’s ▪ Organic growth centred on ▪ asset management ▪ €2.0bn gross asset value ▪ recycli
Slide 4: Highlights HY Sept 25
HIGHLIGHTS |HY SEPT 25 SUSTAINABLE GROWTH: % LFL +5.2YOY RENT ROLL, +4.0 % INCREASE IN DIVIDEND FFO: €64.7m | +6.6% (Sep 2025: €60.7m) GROUP OPERATIONAL PERFORMANCE FINANCIAL PERFORMANCE BALANCE SHEET RESILIENCE LFL YoY Rent Roll Growth Group Net Yield 7.3% Group: 5.2% FFO per share: 4.30c Germany:
Slide 5: Consolidated Income Statement
CONSOLIDATED INCOME STATEMENT GROUP |FFO+6.6% SEP 25 SEP 24 MOVEMENT €m €m % €m Rental Income 112.6 104.5 +7.7 8.1 Titanium income 4.0 4.3 (0.3) Service charge irrecoverable costs (13.9) (11.5) (2.4) Non-recoverable maintenance (4.5) (3.7) (0.8) Net OperatingIncome 98.2 93.6 +4.9 4.6 Corporate costs
Slide 6: Earnings & Dividend
EARNINGS & DIVIDEND – 24th Consecutive increase in dividend paid by the company PER SHARE 7 6.52 6.5 6 5.5 5 (1.50) Cents 4.5 4.30 (0.72) 4 3.5 (0.95) 3.09 3.18 3 (0.26) 2.84 (0.25) 2.5 2 NOI Overheads Interest and FFO Realised FX * Adjusting Items** Adjusted Earnings EPRA EPRA Earnings Dividend cur
Slide 7: Consolidated Statement of Financial Position
CONSOLIDATED STATEMENT OF FINANCIAL POSITION SEP 25 MAR 25 MOVEMENT €m €m % €m Assets Investment properties (owned assets) Including assets held for sale 2,765.4 2,465.2 12.2 300.2 Investment properties (leased assets) 22.1 22.9 (3.5) (0.8) Investment in associate 72.8 71.2 2.2 1.6 Plant and equipme
Slide 8: Adjusted NAV per Share Growth
ADJUSTED NAV PER SHARE GROWTH 122.0 1.27 121.0 120.93 (0.14) 120.0 1.12 119.80 119.0 1.28 118.89 Cents per share 1.82 118.0 117.84 117.61 (3.09) 117.0 (2.03) 116.0 115.94 (1.90) 115.0 EPRA NTA per share EPRA Adjustments** Adj. NAV per share Adj. items* Recurring PAT GER Valuation gain GER Adj. NAV a
Slide 9: Organic Growth Germany
ORGANIC GROWTH GERMANY SITE SEP 25 SEP 24 CHANGE Annualised Rent Roll €151.5m €135.3m 12.0% Annualised Rent Roll €142.5m €135.3m 5.3% (LFL) Occupancy (LFL) 84.2% 83.8% 0.4% Rate psm (LFL) €7.73 €7.38 4.7% Move-Ins* 106,039sqm 108,809sqm (2.5)% Move-Ins Rate psqm* €7.66 €8.05 (4.8)% Move-Outs Rate ps
Slide 10: Year on Year LFL Rent Roll Movement
YEAR ON YEAR%5.3 LFL RENT ROLL MOVEMENT GERMANY – 12% TOTAL RENT ROLL GROWTH €m 155.0 9.0 151.5 150.0 145.0 * 6.4 142.5 140.0 135.3 14.1 135.0 130.0 125.0 6.2 120.0 115.0 (19.5) 110.0 105.0 100.0 LFL Sep 24 LFL Move-outs LFL Capex Move-ins LFL Move-ins LFL uplifts LFL Sep 25 Acquisitions Total Sep 2
Slide 11: Valuation Movement Germany
VALUATION MOVEMENT |GERMANY REVENUE PERFORMANCE LED INCREASE IN VALUATION PORTFOLIO VALUATION INCREASES LIKE FOR LIKE ASSETS €m 2,200 As at 30 Sep 2025: Gross Yield 7.4% 101.5 ** 2,023.3 *** Net Yield 6.7% 2,000 Capital value psm €1,024 1,890.6 31.2 * 0.0 1,921.8 As at 31 Mar 2025: 1,800 Gross Yield
Slide 12: Enquiries | Viewings | Sales Germany
ENQUIRIES |VIEWINGS |SALES|GERMANY FOR THE PERIOD APR – SEP 25 25 INCREASED CONVERSION RATES MONTHLY AVERAGES Enquiries | Viewings | Sales Apr 25 – Sep 25 Apr 24 – Sep 24 1,600 250 Enquiries 1,149 1,344 Viewing 832 940 1,400 Sales 167 172 200 1,200 Enquiries Viewings 72.4% 69.9% 1,000 150 Enquiries
Slide 13: Acquisitions Germany
ACQUISITIONS |GERMANY €145.4M OF GERMAN ACQUISITIONS STRENGTHEN PORTFOLIOSIGNIFICANT INCOME & ADD OPPORTUNITIES FOR VALUE CREATION MUNICH NEUAUBING II REINSBERG (DRESDEN) MÖNCHENGLADBACH LÜBECK Total Investment: €13.3m Total Investment: €22.1m Total Investment: €17.2m Total Investment: 12.6m Date of
Slide 14: Acquisitions Germany
ACQUISITIONS |GERMANY GEILENKIRCHEN DRESDEN III FELDKIRCHEN 14 Total Investment: €12.9m Total Investment: €23.4m Total Investment: €43.7m Date of Completion: Aug 2025 Date of Completion: Sep 2025 Date of Completion: Nov 2025 Gross Yield: 10.2% Gross Yield: 9.6% Gross Yield: 8.2% EPRA Net Yield: 9.3%
Slide 15: Organic Growth Plan Germany
ORGANIC GROWTH |GERMANY PLAN SIGNIFICANT ORGANIC GROWTH POTENTIAL FROM 336,833 SQM IN GERMAN OF VACANCY PORTFOLIO Organic growth plan focused on investment into Value-Add Assets BOOK VALUE RENT ROLL NOI GROSS YIELD NET YIELD CAPITAL VALUE OCCUPANCY RATE PSM VACANT SPACE SEP-25* €m €m €m psm € € sqm
Slide 16: Capex Investment Programmes Germany & UK
CAPEX INVESTMENT PROGRAMMES |GERMANY & UK HALF YEAR FINANCIAL YEAR PERFORMANCE CAPEX INVESTED SEP 2025 GROUP €18.6m GERMANY €12.5m UK €6.1m Buxtehude, Germany Gartenfeld Hall, Germany VALUE ADD CAPEX RENEWALS Group: €7.6m Group: €0.4m Germany: €5.2m Germany: €0.4m UK: €2.4m UK: €0.0m NEW BUILDS WORK
Slide 17: Capex Investment Programmes: Value Add Capex & Major Renewals
CAPEX INVESTMENT PROGRAMMES |GERMANY LAST 3 YEARS – VALUE ADD CAPEX & MAJOR RENEWALS VALUE ADD CAPEX BUDGET ACHIEVED TO DATE MAJOR RENEWALS CAPEX Sqm Developed 293,824 293,824 Sqm Renewed 185,705 Investment €m 35.4 31.2 Investment €m 4.25 Investment psm € 120 106 Incremental Rent Improvement 2.31 Re
Slide 18: Capex Investment Programmes: New Builds
CAPEX INVESTMENT PROGRAMMES |GERMANY NEW BUILDS COMPLETED NEW BUILDS SQM INVESTMENT RENT IMPROVEMENT RATE PSM BUDGETED RATE PSM ACHIEVED OCCUPANCY YIELD ON COST VALUE UPLIFT* IRR NEW BUILDS CAPEX €M €M € € % Completed 3,962 7.0 0.6 10.78 13.41 100% 9% 3.0 21% BERLIN GARTENFELD HALL | B | C BERLIN GA
Slide 19: Organic Growth UK
ORGANIC GROWTH |UK SITE SEP 25 SEP 24 CHANGE Annualised Rent Roll £79.5m £65.7m 21.0% Annualised Rent Roll (LFL) £60.4m £57.5m 5.1% Occupancy (LFL) 89.0% 88.0% 1.2% Rate psqft (LFL) £14.97 £14.38 4.1% Move-Ins (LFL)* 302,795sqft 327,344sqft (7.5%) Vantage Point, UK Move-Ins Rate psqft (LFL)* £17.87
Slide 20: Rent Roll Movement UK
RENTROLLMOVEMENT |UK LFL RENT ROLL INCREASED DRIVEN 5.1% BYANINCREASE IN RATE £m 90.0 80.0 14.4 79.5 70.0 4.7 59.3 3.8 60.4 60.0 57.5 11.4 0.1 (1.8) 50.0 (12.4) 40.0 30.0 20.0 10.0 0.0 Disposal LFL Move-outs Net Expansions LFL Sep 25 Acquisitions Total Sep 24 LFL Sep 24 LFL Move-ins LFL Uplifts Vant
Slide 21: Valuation Movement UK
VALUATION MOVEMENT |UK STRONG RENTAL GROWTH FULLY OFFSET YIELD|EXPANSION UK(£M) PORTFOLIO VALUATION INCREASES LIKE FOR LIKE ASSETS £m As at Sep 2025: 700.0 Gross Yield 13.8% 159.4 648.0 Net Yield 9.5% 650.0 Capital Value per sqft £79 As at Mar 2025: 600.0 Gross Yield 14.1% Net Yield 9.5% 550.0 Capit
Slide 22: Enquiries | Viewings | Sales UK
ENQUIRIES |VIEWINGS |SALES|UK FOR APR 25 – SEP 25 1,600 180 MONTHLY AVERAGES 1,400 160 Apr 25 – Sep 25 Apr 24 – Sep 24 140 Enquiries 1,295 1,171 1,200 Viewing 360 326 120 Sales 112 102 1,000 100 Enquiries Viewings 27.8% 27.8% 800 Enquiries Sales 8.6% 8.7% 80 600 ▪ 10.5% increase in enquiries in the
Slide 23: Acquisitions UK
ACQUISITIONS |UK £157MOFACCRETIVE ACQUISTIONS TOSTRENGHTEN UKPORTFOLIO BEDFORD HARTLEBURY CHALCROFT 23 Acquisition Price: £15.3m Acquisition Price: £101.1m Acquisition Price: £40.5m Date of Acquisition: Aug 2025 Date of Acquisition: Aug 2025 Date of Acquisition: Sep 2025 Gross Yield: 11.9% Gross Yie
Slide 24: Asset Recycling
ASSET RECYCLING |€340MOF ACQUISITIONS SELLING@ 8.0% ABOVE BOOK VALUE, BUYING @ >8% GROSS YIELD Four disposals all completed at or above book value at a total collective premium to book value of 8.0%, with proceeds recycled into the acquisition of ten sites offering significant opportunities for valu
Slide 25: Increased Group FFO Ambition
INCREASED GROUP FFO AMBITION |€175M JOURNEY ROADMAP |MID-TERM Roadmap to increased FFO ambition of €175m ▪ €16.0m contribution relating to capex €m investment programmes in Germany 200 ▪ €6.0m contribution from the let up of 40.0 vacant space in Germany (8.0) 175 ▪ €17.0m of pricing initiatives in G
Slide 26: Financing
FINANCING NEXTSIGNIFICANT REFINANCING IN 2028 Sep 25 38.3% Net LTV Unsecured Borrowings €1,214.9m Secured Borrowings €232.3m TOTAL BORROWINGS €1,447.2m Net LTV* 38.3% 2.5% Average cost of debt Weighted average interest rate 2.5% Interest cover at EBITDA level 4.5x Weighted average debt expiry - year
Slide 27: Summary
SUMMARY CONTINUED GROWTH AND WELL PLACED STRONG Increase ORGANIC & ACQUISITIVE FFO to €150m GROWTH already in sight through existing initiatives ▪ FFO growth of 6.6% to €64.7m compared to same period to Sep 24 ▪ 5.2%* increase in annualised YoY LFL Group rent roll (15.2%* Total Rent Roll) with Germa
Slide 28: Outlook
OUTLOOK ▪ The Group continues to trade in line with management expectations for the full year ▪ In Germany we continue to achieve above 5% LFL rent roll increase and are confident improving economic conditions can allow us to achieve higher ▪ Our UK portfolio has achieved a 5% LFL rent roll growth d
Slide 29: >10 Year Track Record of Outperformance and Growth
>10 YEARTRACKRECORD OFOUTPERFORMANCE ANDGROWTH DIVIDENDS | 24th Consecutive increase in the dividend paid by the company Dividend Growth 2014 to 2025 4.0 2.98 3.00 3.05 3.06 3.09 3.18 Cents per share 3.0 2.70 2.37 1.77 1.80 1.82 1.98 2.04 2.0 1.53 1.56 1.60 1.63 1.73 1.30 1.39 0.77 0.84 0.84 1.0 0.3
Slide 30: Market Dynamics & Portfolio | Germany
MARKET DYNAMICS & PORTFOLIO | GERMANY APPENDIX I FöllnPark, GERMANY P.30
Slide 31: Appendices
APPENDICES ▪ Market Dynamics and Portfolio | Germany ▪ Titanium Appendix I (P. 32 - P. 37) Appendix VI (P. 50- P. 53) ▪ Market Dynamics and Portfolio | UK ▪ Total investment property value of €365.6m Appendix II (P. 38 - P. 41) ▪ Financing ▪ Portfolio Growth Appendix VII (P. 54 - P.56) Appendix III
Slide 32: Market Dynamics Germany
MARKET DYNAMICS GERMANY Economy spread across several large Solid levels of investment The "Mittelstand" autonomous markets Germany, and the German real estate market, has The SME market makes up over 50% of the German Frankfurt, Berlin, Stuttgart, Cologne, historically attracted high levels of inve
Slide 33: Property Valuations & Book Values
PROPERTY VALUATIONS & BOOK|VALUES GERMANY Book Value Annualised Rent NOI Net Capital Value Rate Vacant Space SEP-25 Gross Yield Occupancy €m Roll €m €m Yield psm € psm € sqm Total Portfolio 2,023.3* 151.5 135.2 7.5% 6.7% 984 83.2% 7.58 336,833 TOTAL 2,023.3* 151.5 135.2 7.5% 6.7% 984 83.2% 7.58 336,
Slide 34: Diversified Portfolio: Tenants
DIVERSIFIED PORTFOLIO |TENANTS GERMANY USAGE SPLIT BY SQM TENANT SPLIT BY REVENUE 6,752 Tenants Storage 2.9yrs Portfolio WALT 31% 32% Top 50 Anchor Production 38% Tenants Smartspace 55% SmartSpace SME 7.5% Of total rent roll relate to Government Tenants Tenants Other 7% Other SME 6% 24% Office 7% Te
Slide 35: Diversified Portfolio: Locations
DIVERSIFIED PORTFOLIO GERMANY LOCATIONS NO. OF TOTAL SQM RATE ANNUALISED RENT % OF PORTFOLIO BOOK VALUE SEP 25 OCCUPANCY GROSS YIELD PROPERTIES ‘000’s psm € €m BY RENT €m 4 Frankfurt 16 342 88.7% 8.11 29.5 19.4% 372.1 7.9% Berlin 4 108 93.3% 9.69 11.7 7.7% 189.5 6.2% 4 Stuttgart 10 368 89.5% 5.70 22
Slide 36: Diversified Products: SmartSpace
DIVERSIFIED PRODUCTS GERMANY SMARTSPACE ANNUALISED % OF TOTAL RATE RENT ROLL SMARTSPACE TOTAL OCCUPIED OCCUPANCY ANNUALISED per sqm (ex. service PRODUCT TYPE sqm sqm % SMSP RENT (excl. service charge) ROLL charge) € m€ SMSP Storage 59,867 40,816 68% 4.3 43% 8.90 SMSP Office 45,491 28,222 62% 3.5 35%
Slide 37: Diversified Portfolio: Assets
DIVERSIFIED PORTFOLIO GERMANY ASSETS Traditional Mixed Use Industrial Business Parks Modern Mixed Use Business Parks Out of Town Office Buildings Large scale Long-term lease lengths SME’s + Retail Customers Long & Short -term leases Multi-tenant SME’s + co- Conventional + Flexible workspace working
Slide 38: Market Dynamics & Portfolio | UK
MARKET DYNAMICS & PORTFOLIO | UK APPENDIX II Carnforth, UK P.38
Slide 39: Market Dynamics UK
MARKET DYNAMICS UK Market synergies UK defence spending set to rise Rise in nearshoring Industrial/out of town office market in the UK presents similar The UK defence industry supports 460,000 jobs and 12,000 companies SME businesses continue to see demand for characteristics to its German counterpa
Slide 40: Diversified Portfolio: Tenant Risk Low
DIVERSIFIED PORTFOLIO |TENANT RISK LOW UK USAGE SPLIT BY SQFT TENANT SPLIT BY REVENUE 4,206 Tenants 5% 2.2yrs Portfolio WALT 21% 30% 31% Office Top 50 4.2yrs Average Tenure Next 950 Worksh op Remaining Clients 83.4% Occupancy 74% 39% ▪ Structural shortage of our space NO. OF TENANTS OCCUPIED SQFT AN
Slide 41: Diversified Portfolio UK Assets
DIVERSIFIED PORTFOLIO UK ASSETS Industrial Assets Mixed Use Assets Office Buildings SME’s & growing Large scale SME’s & growing Conventional & flexible SME’s & growing Conventional & flexible businesses workspace businesses office spaces businesses office spaces 54% 34% 12% P.41
Slide 42: Portfolio Growth
PORTFOLIO GROWTH APPENDIX III Erfurt, Germany P.42
Slide 43: Growth Germany
GROWTH GERMANY MAR-16 MAR-17 MAR-18^ MAR-19 MAR-20 MAR-21 MAR-22 MAR-23 MAR-24 MAR-25 SEP-25 Portfolio book value (€m) 687.4 823.3 967.3 1,132.50 1,186.20 1,347.20 1,636.9 1,689.6 1,725.0 1,890.6 2,023.3 Rent roll* (€m) 60.5 71.0 79.5 87.8 90.3 97.2 113.7 123.1 129.7 140.2 151.5 NOI (€m) 52.5 61.4 6
Slide 44: Growth UK
GROWTH UK NOV-21 SEP-22 SEP-23 SEP-24 SEP-25 Portfolio book value (£m) 345.5 378.4 355.9 466.5 648.0 Rent roll (£m) 41.9 46.5 50.7 65.7 79.5 NOI (£m) 27.5 * 30.7 32.5 39.8 57.1 FFO (£m) 4.3 18.3 20.0 28.5 37.3 Gross yield 12.1% 12.3% 14.3% 14.1% 12.3% Like-for-like rent roll increase - 11.2% 9.4% 4.
Slide 45: Geographical Split and Financials
GEOGRAPHICAL SPLIT AND FINANCIALS APPENDIX IV Nekartenzlingen Germany P.45
Slide 46: Consolidated Income Statement Geographically Split
FINANCIAL |CONSOLIDATED INCOME STATEMENT GEOGRAPHICALLY SPLIT GERMANY GERMANY UK UK GROUP TOTAL GROUP TOTAL SEP 25 SEP 24 SEP 25 SEP 24 SEP 25 SEP 24 €m €m €m €m €m €m Rental Income 72.5 68.6 40.1 35.9 112.6 104.5 Titanium income 4.0 4.3 - - 4.0 4.3 Service charge irrecoverable costs (5.0) (4.0) (8.
Slide 47: Consolidated Statement of Financial Position Geographically Split
CONSOLIDATED STATEMENT OF FINANCIAL POSITION GEOGRAPHICALLY SPLIT GERMANY UK GROUP TOTAL SEP 25 MAR 25 SEP 25 MAR 25 SEP 25 MAR 25 €m €m €m €m €m €m Assets Investment properties (owned assets) including assets held for sale 2,023.3 1,890.6 742.1 574.6 2,765.4 2,465.2 Investment properties (leased as
Slide 48: ESG
ESG APPENDIX V Essen, Germany P.48
Slide 49: Delivering on Our ESG Commitments
ESG DELIVERING ON OUR ESG COMMITMENTS ▪ Continued focus on embedding ESG across strategy and operations, supporting sustainable performance and long-term economic resilience. ▪ Advancing our decarbonisation pathway: - Continue to maintain net zero for Scope 1 and 2 emissions in Germany and the UK. -
Slide 50: Titanium
TITANIUM APPENDIX VI Mainz Tempelhof, Germany P.50
Slide 51: Titanium: Sirius & AXA IM Alts
TITANIUM SIRIUS & AXAIMALTS ▪ AXA IM Alts – trusted partner & 65% equity holder of Titanium ▪ Sirius Real Estate – asset manager & 35% equity holder of Titanium ▪ €168m seed portfolio sold into Titanium by Sirius in August 2019 ▪ Targeting stabilised assets > €45.0m with attractive running yields ▪
Slide 52: Titanium Organic Growth
TITANIUM ORGANIC GROWTH RENTALINCOME ANALYSIS SITE SEP 25 SEP 24 CHANGE Rent Roll* €27.2m €26.1m 4.2% Occupancy* 84.3% 89.3% (5.0)% Rate psm* €7.71 €6.97 10.6% * Based on Headlease level Berlin Tempelhof, GERMANY P.52
Slide 53: Titanium Balance Sheet
TITANIUM BALANCE SHEET TITANIUM €365.6m Investment property value SIRIUS 35% SHARE €m Investment property 128.0 Other assets 2.1 35.5% Net LTV* Cash 8.3 Total assets 138.4 Bank loans (52.5) 7 No. of assets Other liabilities (6.0) Deferred tax (8.6) Total liabilities (67.1) Net assets 71.3 €27.2m Ann
Slide 54: Financing
FINANCING APPENDIX VII hartlebury, UK P.54
Slide 55: Debt Maturity
DEBT MATURITY €m 700 3.7years Weighted average maturity 600 582 2.5% Average cost of debt 500 465 400 400 €400m Maturing within the next year 300 200 38.3% Net LTV 100 - - 6.7x Net Debt/EBITDA - < 12 months 13-24 months 25-36 months 37-48 months > 49 months P.55
Slide 56: Covenants
COVENANTS SECURED FACILITY COVENANTS LOAN EXPIRY DATE SEP 25 Hard Covenant DSCR* DYR* LTV*** DSCR DYR LTV Berlin Hyp AG 2.17x n/a 52.2% 1.40x n/a 65.0% Oct 30 Sparkasse 3.26x n/a n/a 2.00x n/a n/a Feb 30 Deutsche Pfandbriefbank AG n/a 17% 43.8% n/a 8% 50% Dec 30 UNSECURED FACILITY COVENANTS LOAN EXP
Slide 57: The Sirius Group Platform
THESIRIUSGROUP PLATFORM APPENDIX VIII P.57
Slide 58: Integrated Operating Platform Germany
INTEGRATED OPERATING PLATFORM GERMANY TOTAL NO. EMPLOYEES IN > 60 LOCATIONS 305 Acquisitions Team 4 Acquire assets Service Charge Team Marketing Team 13 Cost Recovery 6 Lead generation Asset & Property Mgt. Sales Inbound Team 72 Strategic & operational Finance, IT, People & 9 Lead conversion to view
Slide 59: Integrated Operating Platform UK
INTEGRATED OPERATING PLATFORM UK TOTAL NO. EMPLOYEES IN > 75 LOCATIONS 192 * Marketing Team Sales Inbound Team 2 Lead generation 7 Lead conversion to viewing Finance, IT, People & 31* Talent, Legal, ESG Execution & support Asset & Property Mgt. National Sales Team 52 Strategic & operational 100 View
Slide 60: Share Register
SHAREREGISTER APPENDIX IX barnsley,UK P.60
Slide 61: Share Register Oct 25
SHARE REGISTER 24 OCT25 TOP 10 SHAREHOLDERS SHARES (m) % HOLDING OWNER BY SECTOR BlackRock 176.5 11.7% Mutual Funds 11% Public Investment Corporation (PIC) 88.4 5.8% 4% Pensions 4% Retail Aberdeen 85.1 5.6% 6% 44% Inv Trusts Vanguard Group 84.9 5.6% 12% REIT Individuals 47.2 3.1% Insurance 19% 46.8
Slide 62: Disclaimer
DISCLAIMER This presentation may contain forward-looking statements with respect to the financial condition, performance and position, strategy, results of operations and businesses of Sirius Real Estate Limited (“Sirius”). Such statements and forecasts involve risk and uncertainty because they are