Sirius Real Estate Full Year 2024 Earnings: Beats Expectations

Sirius Real Estate (LON:SRE) Full Year 2024 Results

Key Financial Results

• Revenue: €289.4m (up 6.1% from FY 2023).
• Net income: €107.8m (up 35% from FY 2023).
• Profit margin: 37% (up from 29% in FY 2023). The increase in margin was primarily driven by higher revenue.
• EPS: €0.088 (up from €0.068 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Sirius Real Estate Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.1%. Earnings per share (EPS) also surpassed analyst estimates by 2.8%.

The primary driver behind last 12 months revenue was the Germany segment contributing a total revenue of €225.2m (78% of total revenue). The largest operating expense was General & Administrative costs, amounting to €45.6m (78% of total expenses). Explore how SRE's revenue and expenses shape its earnings.

Looking ahead, revenue is expected to fall by 18% p.a. on average during the next 2 years compared to a 1.9% decline forecast for the Real Estate industry in the United Kingdom.

Performance of the British Real Estate industry.

The company's shares are up 3.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Sirius Real Estate (1 can't be ignored!) that you need to take into consideration.

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