REG - Sirius Real Estate - Interim results for six months ended 30 Sept 2025

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RNS Number : 6949H Sirius Real Estate Limited 17 November 2025 SIRIUS REAL ESTATE LIMITED(Incorporated in Guernsey)Company Number: 46442JSE Share Code: SRELSE (GBP) Share Code: SRELEI: 213800NURUF5W8QSK566ISIN Code: GG00B1W3VF5417 November 2025Sirius Real Estate Limited("Sirius Real Estate", "Sirius", the "Group" or the "Company")Interim results for the six months ended 30 September 2025Strong operational results drive FFO and a 4% increase in dividendSirius 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., announces its consolidated financial results for the six months to 30 September 2025.Operating platform continues to drive rental and FFO growth• 56.8% increase in profit after tax to €87.0m (30 September 2024: €55.5m) due to strong operational performance, valuation gain and release of deferred tax liabilities in the German portfolio as the German government enacted an annual 1% reduction on the corporate tax rate from 2028 until 2032 from 15% to 10%• 15.2% total rent roll growth to €242.5m1 (30 September 2024: €210.5m) highlighting the impact of acquisitions in the period, supported by a 5.2% like-for-like rent roll growth to €211.7m1 (30 September 2024: €201.2m) driven by continued strong organic growth and occupier demand in Germany and the UK• 6.6% growth in funds from operations ("FFO") to €64.7m (30 September 2024: €60.7m) with FFO per share of 4.30c (2024: 4.29c) reflecting the dilutionary effect of the July 2024 equity raise before Sirius sees the corresponding growth from acquisitions in future periods• 6.0% decrease in profit before tax to €57.5m (30 September 2024: €61.2m) primarily due to a net foreign exchange loss of €14.2m on sterling cash reserves held in anticipation of UK investments made in the period• Basic earnings per share increased by 47.2% to 5.77c (30 September 2024: 3.92c) reflecting the strong 56.8% growth in profit after tax and the higher shares in issue following the equity issuance in July 2024 while headline earnings and EPRA earnings per share decreased by 28.8% to 2.84c (30 September 2024: 3.99c) primarily due to foreign currency translation loss of €14.2m in the periodSustainable FFO growth supports 24th progressive dividend payout• Progressive H1 dividend of 3.18c per share (30 September 2024: 3.06c) amou...

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