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REAL ESTATE: Sirius Real Estate (SRELN: BBB Fitch): Trading Update

REAL ESTATE
  • Stable improvement: Like-for-Like Rent increase 5.5%
  • Total rent increased 14.9% year-on-year driven by acquisitions
  • The company raised equity twice recently - July '24 €152m and £146m Nov '23
  • The SRELN 1.75% 28 was tapped for €59.9m in May '24
  • The company reports no significant maturities until June '26.
  • Will report half-yearly results on 18th Nov. Currently total book value is over €2bn generating €194.7m of rent.
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  • Stable improvement: Like-for-Like Rent increase 5.5%
  • Total rent increased 14.9% year-on-year driven by acquisitions
  • The company raised equity twice recently - July '24 €152m and £146m Nov '23
  • The SRELN 1.75% 28 was tapped for €59.9m in May '24
  • The company reports no significant maturities until June '26.
  • Will report half-yearly results on 18th Nov. Currently total book value is over €2bn generating €194.7m of rent.