October 07, 2024 06:39 GMT
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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