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Sirius Real Estate LimitedLSE:SRE Stock Report

Market Cap UK£1.6b
Share Price
UK£0.98
UK£1.25
21.6% undervalued intrinsic discount
1Y1.2%
7D-0.8%
1D
Portfolio Value
View

Sirius Real Estate Limited

LSE:SRE Stock Report

Market Cap: UK£1.6b

SRE Community Fair Values

Create Narrative

See what 10 others think this stock is worth. Follow their fair value or set your own to get alerts.

Sirius Real Estate Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Sirius Real Estate
Historical stock prices
Current Share PriceUK£0.98
52 Week HighUK£1.13
52 Week LowUK£0.87
Beta1.18
1 Month Change-2.19%
3 Month Change-8.13%
1 Year Change1.24%
3 Year Change11.33%
5 Year Change-3.82%
Change since IPO-7.48%

Recent News & 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.

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...
User avatar
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...

Shareholder Returns

SREGB REITsGB Market
7D-0.8%1.0%-0.3%
1Y1.2%-0.7%18.4%

Return vs Industry: SRE exceeded the UK REITs industry which returned -0.7% over the past year.

Return vs Market: SRE underperformed the UK Market which returned 18.4% over the past year.

Price Volatility

Is SRE's price volatile compared to industry and market?
SRE volatility
SRE Average Weekly Movement3.9%
REITs Industry Average Movement4.4%
Market Average Movement5.7%
10% most volatile stocks in GB Market11.8%
10% least volatile stocks in GB Market3.2%

Stable Share Price: SRE has not had significant price volatility in the past 3 months compared to the UK market.

Volatility Over Time: SRE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2007459Andrew Coombswww.sirius-real-estate.com

Sirius Real Estate Limited engages in the investment, development, and operation of commercial and industrial properties in Germany and the United Kingdom. It owns and manages offices; warehouses, storerooms, and self-storage products; production and workshop spaces; and business parks and lettable space. The company serves individuals, corporations, and small and medium-sized enterprises under the Sirius and BizSpace brand names.

Sirius Real Estate Limited Fundamentals Summary

How do Sirius Real Estate's earnings and revenue compare to its market cap?
SRE fundamental statistics
Market capUK£1.55b
Earnings (TTM)UK£181.47m
Revenue (TTM)UK£283.16m
8.6x
P/E Ratio
5.5x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SRE income statement (TTM)
Revenue€326.90m
Cost of Revenue€133.90m
Gross Profit€193.00m
Other Expenses-€16.50m
Earnings€209.50m

Last Reported Earnings

Sep 30, 2025

Next Earnings Date

Jun 01, 2026

Earnings per share (EPS)0.13
Gross Margin59.04%
Net Profit Margin64.09%
Debt/Equity Ratio83.0%

How did SRE perform over the long term?

See historical performance and comparison

Dividends

5.6%
Current Dividend Yield
70%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/01 09:10
End of Day Share Price 2026/05/29 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

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.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

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.

AnalystInstitution
Kai KloseBerenberg
Thomas MussonBerenberg
Charlie Philip FosterCanaccord Genuity