Sirius Real Estate Ltd. (SRE)

Sector:

Real Estate

Index:

FTSE 250

95.35p
   
  • Change Today:
      0.90p
  • 52 Week High: 101.20
  • 52 Week Low: 73.10
  • Currency: UK Pounds
  • Shares Issued: 1,511.86m
  • Volume: 5,758,274
  • Market Cap: £1,441.56m
  • RiskGrade: 149

Sirius Real Estate refinances credit facility one year ahead of time

By Alexander Bueso

Date: Thursday 06 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Sirius Real Estate refinanced one of its existing credit facilities a year ahead of time, saying it showed its longest-standing German financiers confidence in its business and the quality of its assets.
The new €170m, seven-year facility agreed with Berlin Hyo AG carried a fixed interest rate of 4.26% and would replace and redeem an existing facility when the latter expired, on 31 October 2023.

"The willingness of Berlin Hyp AG to extend this €170 million facility now for seven years beyond its expiry in October 2023 is indicative of our relationship with our existing and longest standing financiers in Germany and the confidence that they have in our business model and the quality of our assets," said Sirius Real Estate's chief investment officer and interim finance director, Alistair Marks.

"We have a strong balance sheet which is well positioned to provide us with flexibility to react to changing market conditions and opportunities as they arise."

The new credit line extended the total weighted average debt expiry from 3.8 to 5.0 years.

In parallel, when it commenced a year from now, the new facility would raise the company's average weighted cost of debt, from 1.4% to 1.9%.

Sirius, an operator of branded business and industrial parks in Germany and the UK, had €993m of outstanding debt as of 30 September, of which €750m was unsecured and with the new facility accounting for the bulk of the remaining €243m that was mostly comprised of mortgage-backed debt.

The company also had €1.6bn of unencumbered assets and over €138 mof free cash available.

As of 0916 BST, shares of Sirius Real Estate were rising by 1.45% to 69.90p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SRE Market Data

Currency UK Pounds
Share Price 95.35p
Change Today 0.90p
% Change 0.95 %
52 Week High 101.20
52 Week Low 73.10
Volume 5,758,274
Shares Issued 1,511.86m
Market Cap £1,441.56m
RiskGrade 149

SRE Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
43.32% below the market average43.32% below the market average43.32% below the market average43.32% below the market average43.32% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
47.71% above the market average47.71% above the market average47.71% above the market average47.71% above the market average47.71% above the market average
57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average57.14% above the sector average
Income
57.26% above the market average57.26% above the market average57.26% above the market average57.26% above the market average57.26% above the market average
47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average47.83% above the sector average
Growth
30.67% above the market average30.67% above the market average30.67% above the market average30.67% above the market average30.67% above the market average
18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average18.52% above the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 6
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

SRE Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Dec-24 27-Jun-24
Paid 23-Jan-25 25-Jul-24
Amount 3.06¢ 3.05¢

Trades for 30-May-2025

Time Volume / Share Price
16:47 12,693 @ 95.33p
16:41 273,785 @ 95.30p
16:35 155,349 @ 95.36p
16:35 1,616,539 @ 95.35p
16:35 992 @ 95.35p

SRE Key Personnel

CEO Andrew Coombs
CFO Chris Bowman

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