FilingReader Intelligence

Sirius Real Estate achieves 6.3% rent roll growth

April 7, 2025 at 09:01 PM UTCBy FilingReader AI

Sirius Real Estate (JSE:SREE) announced a 6.3% increase in Group like-for-like rent roll for the financial year ended March 31, 2025. This marks the eleventh consecutive year the company has exceeded 5% rent roll growth. The increase was attributed to a combination of organic growth, asset acquisitions, and strong demand across both its German and U.K. business parks. The company expects a positive valuation movement at the Group level. Throughout the year, Sirius notarised and/or completed 11 acquisitions, representing an investment of over EUR250 million. The company successfully raised EUR350 million through a seven-year corporate bond at a 4.0% coupon rate, as well as refinancing its Saarbrücken asset in Germany. Sirius will announce its full financial year results on June 2, 2025.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

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