Sirius Real Estate Past Earnings Performance
Past criteria checks 4/6
Sirius Real Estate has been growing earnings at an average annual rate of 4.9%, while the REITs industry saw earnings growing at 2.1% annually. Revenues have been growing at an average rate of 14.3% per year. Sirius Real Estate's return on equity is 12.3%, and it has net margins of 64.1%.
Key information
4.90%
Earnings growth rate
-4.22%
EPS growth rate
| REITs Industry Growth | -6.36% |
| Revenue growth rate | 14.31% |
| Return on equity | 12.29% |
| Net Margin | 64.09% |
| Next Earnings Update | 01 Jun 2026 |
Recent past performance updates
Recent updates
Narrative Update • May 30
SRE: Defence-Led German Acquisitions Will Support Future Income Resilience
Narrative Update The analyst price target for Sirius Real Estate has been reduced by £0.02, as analysts balance a slightly higher discount rate with largely unchanged assumptions on revenue, margins and future P/E. Analyst Commentary Recent research updates point to a mixed but generally constructive stance on Sirius Real Estate, with one group of analysts trimming price targets and another starting coverage with a positive view on the stock.Narrative Update • May 12
SRE: Defence-Focused German Acquisitions Will Support Long Term Income
The analyst price target for Sirius Real Estate has been trimmed by around £0.01 per share, as analysts adjust their models slightly to reflect a higher discount rate while keeping revenue, margins and forward P/E expectations broadly unchanged. Analyst Commentary Recent research updates present a mixed but generally constructive view on Sirius Real Estate, with one set of analysts trimming price targets slightly and another initiating coverage with a supportive stance on the stock.Narrative Update • Apr 28
SRE: Defence-Led German Acquisitions And Firmer Margins Will Support Future Income
The latest Narrative Update for Sirius Real Estate reflects a modest cut to the analyst price target to £1.26 from £1.27, with analysts citing slightly higher discount rate assumptions, offset by expectations for firmer profit margins and a lower future P/E. Analyst Commentary Recent research on Sirius Real Estate highlights a mix of optimism about execution and caution around valuation inputs, which together explain the small adjustment to the price target.Narrative Update • Apr 09
SRE: Defence-Focused Acquisitions And Fresh Equity Funding Will Support Future Income
Analysts have lifted their Sirius Real Estate price target slightly to about £1.27, citing updated assumptions that include a lower discount rate and a modestly reduced future P/E multiple, along with small tweaks to revenue growth and margin expectations. Analyst Commentary Bullish Takeaways Bullish analysts see the recent price target uplift as a sign that updated assumptions on discount rates and P/E leave room for the share price to move closer to their fundamental view of fair value.Narrative Update • Mar 26
SRE: Higher Margins And Fresh Equity Funding Will Support Future Income
Narrative Update on Sirius Real Estate The analyst price target for Sirius Real Estate has been lifted by £0.01, with analysts pointing to Street research that highlights a slightly higher fair value estimate, an adjusted discount rate, marginally softer revenue expectations, a stronger projected profit margin and a modestly lower future P/E multiple. Analyst Commentary Bullish and cautious views on Sirius Real Estate are currently shaped by recent Street research that focuses on valuation, execution and potential earnings power rather than big changes in narrative.Narrative Update • Mar 11
SRE: Higher Funding And Margin Assumptions Will Support Future Income Upside
Narrative Update: Sirius Real Estate The analyst price target for Sirius Real Estate has been raised by £0.03, with analysts pointing to updated assumptions around discount rates, revenue trends, profit margins, and future P/E expectations to support the new view. Analyst Commentary Recent research around Sirius Real Estate focuses on how updated assumptions feed into the slightly higher price target, and what that could mean for valuation, growth and execution risk.Narrative Update • Feb 24
SRE: Lower Risk Assumptions Will Support Future Income Upside
Analysts have nudged their price targets on Sirius Real Estate higher, with one recent update adding £0.03. This move is supported by slightly higher fair value estimates, a lower discount rate and modestly stronger margin assumptions.Narrative Update • Feb 10
SRE: Hamburg Acquisition And Dividend Policy Will Support Future Income Upside
Analysts have nudged their price expectations for Sirius Real Estate higher, with the latest research indicating a small uplift in fair value along with slightly adjusted assumptions on discount rate, revenue growth and future P/E that support a higher target, including a 3 GBp increase cited in recent Street research. Analyst Commentary Bullish Takeaways Bullish analysts see the 3 GBp uplift in the target price as support for their view that current market pricing does not fully reflect the fair value implied by their updated models.Analysis Article • Feb 06
What Is Sirius Real Estate Limited's (LON:SRE) Share Price Doing?
While Sirius Real Estate Limited ( LON:SRE ) might not have the largest market cap around , it received a lot of...Narrative Update • Jan 26
SRE: Hamburg Acquisition And Dividend Outlook Will Support Future Income Upside
Narrative Update on Sirius Real Estate Analysts now see modestly higher fair value for Sirius Real Estate, lifting their price target from about €1.23 to roughly €1.24. This is supported by slightly lower discount rate assumptions, a less pronounced revenue decline, and a small uptick in forecast profit margins and future P/E expectations.Narrative Update • Jan 11
SRE: Recent Hamburg And Munich Acquisitions Will Drive Future Income Upside
Analysts have trimmed their fair value estimate for Sirius Real Estate slightly to €1.23 from €1.24, reflecting updated assumptions around the discount rate, revenue contraction and profit margins, while keeping the future P/E multiple broadly in line with prior views. What's in the News Sirius Real Estate has notarised the acquisition of a multi tenant business park in Hamburg Rothenburgsort for €31.9 million including acquisition costs, adding 29,448 sqm of gross lettable area at an EPRA Net Initial Yield of 6.1% and an 89% occupancy rate (Key Developments).Narrative Update • Dec 23
SRE: Recent Hamburg And Munich Acquisitions Will Drive Future Income Upside
Narrative Update on Sirius Real Estate The analyst price target for Sirius Real Estate has inched higher to approximately €1.24 per share, up slightly from about €1.24 previously, as analysts factor in a slightly lower discount rate and improved, though still negative, revenue growth expectations, partly offset by modestly softer profit margin and future P/E assumptions. What's in the News Sirius Real Estate notarised the acquisition of a multi tenant business park in Hamburg Rothenburgsort for EUR 31.9 million, adding 29,448 sqm of gross lettable area at a 6.1% EPRA net initial yield and 89% occupancy, with scope to lease vacant space and develop further (company announcement).Analysis Article • Dec 13
Does Sirius Real Estate (LON:SRE) Have A Healthy Balance Sheet?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Dec 09
SRE: Acquisitions In Hamburg And Munich Will Support Higher Future Margins
Analysts have nudged their price target for Sirius Real Estate slightly higher to approximately €1.24 per share. This reflects a modestly improved profit margin outlook and marginally better revenue trajectory that more than offset a small increase in the assumed discount rate and a slightly lower future P/E multiple.Analysis Article • Nov 29
Here's Why We Think Sirius Real Estate (LON:SRE) Is Well Worth Watching
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Narrative Update • Nov 25
SRE: Recent Acquisitions And Higher Margins Will Drive Fair Value Gains
Analysts have raised their price target for Sirius Real Estate from €1.17 to €1.23 per share, citing improved profit margin forecasts and a stronger fair value assessment. This comes despite updated discount rates and slightly weaker revenue growth projections.Analysis Article • Oct 28
Sirius Real Estate Limited (LON:SRE) Looks Inexpensive But Perhaps Not Attractive Enough
Sirius Real Estate Limited's ( LON:SRE ) price-to-earnings (or "P/E") ratio of 9.9x might make it look like a buy right...Analysis Article • Sep 03
At UK£0.99, Is It Time To Put Sirius Real Estate Limited (LON:SRE) On Your Watch List?
Sirius Real Estate Limited ( LON:SRE ), might not be a large cap stock, but it received a lot of attention from a...New Narrative • Jul 30
German And UK Asset Upgrades Will Unlock Potential
The company's focus on upgrading acquired assets and targeting flexible, affordable workspaces supports strong tenant retention, recurring income, and long-term valuation growth.Analysis Article • Jul 08
Sirius Real Estate Limited's (LON:SRE) Share Price Is Matching Sentiment Around Its Earnings
Sirius Real Estate Limited's ( LON:SRE ) price-to-earnings (or "P/E") ratio of 9.3x might make it look like a buy right...Analysis Article • Jan 14
Is Now The Time To Look At Buying Sirius Real Estate Limited (LON:SRE)?
Sirius Real Estate Limited ( LON:SRE ), might not be a large cap stock, but it received a lot of attention from a...Analysis Article • Jun 28
Sirius Real Estate Limited's (LON:SRE) Subdued P/E Might Signal An Opportunity
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") above 17x, you may...Analysis Article • Jun 11
Sirius Real Estate (LON:SRE) Posted Healthy Earnings But There Are Some Other Factors To Be Aware Of
Sirius Real Estate Limited ( LON:SRE ) announced strong profits, but the stock was stagnant. We did some digging, and...Analysis Article • May 30
Should You Investigate Sirius Real Estate Limited (LON:SRE) At UK£0.95?
Sirius Real Estate Limited ( LON:SRE ), is not the largest company out there, but it saw a double-digit share price...Analysis Article • Mar 11
Shareholders Should Be Pleased With Sirius Real Estate Limited's (LON:SRE) Price
When close to half the companies in the United Kingdom have price-to-earnings ratios (or "P/E's") below 15x, you may...Analysis Article • Jan 18
Is Now An Opportune Moment To Examine Sirius Real Estate Limited (LON:SRE)?
Sirius Real Estate Limited ( LON:SRE ), might not be a large cap stock, but it saw significant share price movement...Analysis Article • Nov 15
Estimating The Fair Value Of Sirius Real Estate Limited (LON:SRE)
Key Insights Sirius Real Estate's estimated fair value is UK£0.80 based on Dividend Discount Model Current share price...Analysis Article • Jul 19
Sirius Real Estate (LON:SRE) Seems To Use Debt Quite Sensibly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jun 04
Estimating The Fair Value Of Sirius Real Estate Limited (LON:SRE)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Sirius Real Estate fair value estimate is UK£0.99 Current...Analysis Article • Apr 20
When Should You Buy Sirius Real Estate Limited (LON:SRE)?
Sirius Real Estate Limited ( LON:SRE ), is not the largest company out there, but it saw significant share price...Analysis Article • Feb 23
Is Sirius Real Estate (LON:SRE) Using Too Much Debt?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Dec 10
Is Sirius Real Estate Limited (LON:SRE) Worth UK£0.8 Based On Its Intrinsic Value?
Today we will run through one way of estimating the intrinsic value of Sirius Real Estate Limited ( LON:SRE ) by taking...Revenue & Expenses Breakdown
Revenue & Expenses Breakdown
How Sirius Real Estate makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 25 | 327 | 210 | 69 | 0 |
| 30 Jun 25 | 323 | 194 | 62 | 0 |
| 31 Mar 25 | 320 | 178 | 54 | 0 |
| 31 Dec 24 | 313 | 155 | 52 | 0 |
| 30 Sep 24 | 307 | 132 | 51 | 0 |
| 30 Jun 24 | 298 | 120 | 49 | 0 |
| 31 Mar 24 | 289 | 108 | 48 | 0 |
| 31 Dec 23 | 285 | 75 | 49 | 0 |
| 30 Sep 23 | 280 | 41 | 49 | 0 |
| 30 Jun 23 | 276 | 60 | 49 | 0 |
| 31 Mar 23 | 273 | 80 | 49 | 0 |
| 31 Dec 22 | 266 | 115 | 46 | 0 |
| 30 Sep 22 | 259 | 150 | 43 | 0 |
| 30 Jun 22 | 238 | 149 | 38 | 0 |
| 31 Mar 22 | 217 | 148 | 34 | 0 |
| 31 Dec 21 | 198 | 153 | 30 | 0 |
| 30 Sep 21 | 180 | 159 | 26 | 0 |
| 30 Jun 21 | 175 | 153 | 25 | 0 |
| 31 Mar 21 | 170 | 147 | 25 | 0 |
| 31 Dec 20 | 166 | 116 | 23 | 0 |
| 30 Sep 20 | 161 | 84 | 21 | 0 |
| 30 Jun 20 | 157 | 91 | 20 | 0 |
| 31 Mar 20 | 152 | 98 | 19 | 0 |
| 31 Dec 19 | 148 | 113 | 19 | 0 |
| 30 Sep 19 | 145 | 128 | 19 | 0 |
| 30 Jun 19 | 142 | 129 | 19 | 0 |
| 31 Mar 19 | 140 | 129 | 19 | 0 |
| 31 Dec 18 | 136 | 115 | 20 | 0 |
| 30 Sep 18 | 131 | 101 | 21 | 0 |
| 30 Jun 18 | 127 | 91 | 21 | 0 |
| 31 Mar 18 | 124 | 81 | 22 | 0 |
| 31 Dec 17 | 110 | 83 | 22 | 0 |
| 30 Sep 17 | 96 | 85 | 22 | 0 |
| 30 Jun 17 | 83 | 76 | 21 | 0 |
| 31 Mar 17 | 69 | 67 | 21 | 0 |
| 31 Dec 16 | 66 | 63 | 22 | 0 |
| 30 Sep 16 | 63 | 59 | 23 | 0 |
| 30 Jun 16 | 59 | 57 | 20 | 0 |
| 31 Mar 16 | 56 | 55 | 16 | 0 |
| 31 Dec 15 | 53 | 49 | 10 | 0 |
| 30 Sep 15 | 50 | 42 | 3 | 0 |
| 30 Jun 15 | 48 | 35 | 3 | 0 |
Quality Earnings: SRE has a large one-off gain of €92.2M impacting its last 12 months of financial results to 30th September, 2025.
Growing Profit Margin: SRE's current net profit margins (64.1%) are higher than last year (42.9%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: SRE's earnings have grown by 4.9% per year over the past 5 years.
Accelerating Growth: SRE's earnings growth over the past year (59.2%) exceeds its 5-year average (4.9% per year).
Earnings vs Industry: SRE earnings growth over the past year (59.2%) exceeded the REITs industry 47.2%.
Return on Equity
High ROE: SRE's Return on Equity (12.3%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/01 15:42 |
| End of Day Share Price | 2026/05/29 00:00 |
| Earnings | 2025/09/30 |
| Annual Earnings | 2025/03/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Sirius Real Estate Limited is covered by 14 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kai Klose | Berenberg |
| Thomas Musson | Berenberg |
| Charlie Philip Foster | Canaccord Genuity |