Sirius Real Estate (JSE:SRE) - Stock Price, News & Analysis

SRE Stock Overview

Sirius Real Estate Limited, a real estate company, engages in the investment, development, and operation of commercial and industrial properties in Germany and the United Kingdom.

About the company

SRE fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	0/6
Financial Health	1/6
Dividends	4/6

Rewards

Earnings are forecast to grow 42.74% per year

Risk Analysis

Debt is not well covered by operating cash flow

Dividend of 5.24% is not well covered by earnings

Large one-off items impacting financial results

Profit margins (14.8%) are lower than last year (57.9%)

+ 1 more risk

Sirius Real Estate Limited Competitors

Fortress Real Estate Investments

JSE:FFB

R32.0b

Fortress Real Estate Investments

JSE:FFA

R34.3b

MAS

JSE:MSP

R11.6b

NEPI Rockcastle

JSE:NRP

R83.1b

Price History & Performance

Summary of all time highs, changes and price drops for Sirius Real Estate
Historical stock prices
Current Share Price	UK£22.54
52 Week High	UK£24.05
52 Week Low	UK£18.10
Beta	1.15
1 Month Change	-0.75%
3 Month Change	8.63%
1 Year Change	19.70%
3 Year Change	18.63%
5 Year Change	91.02%
Change since IPO	275.67%

Recent updates

Shareholder Returns

	SRE	ZA Real Estate	ZA Market
7D	-1.7%	-0.6%	1.7%
1Y	19.7%	26.2%	1.3%

Return vs Industry: SRE underperformed the ZA Real Estate industry which returned 25.2% over the past year.

Return vs Market: SRE exceeded the ZA Market which returned -0.1% over the past year.

Price Volatility

Is SRE's price volatile compared to industry and market?
SRE volatility
SRE Average Weekly Movement	3.2%
Real Estate Industry Average Movement	4.4%
Market Average Movement	4.9%
10% most volatile stocks in ZA Market	11.6%
10% least volatile stocks in ZA Market	2.8%

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

Volatility Over Time: SRE's weekly volatility (3%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2007	407	Andrew Coombs	www.sirius-real-estate.com

Sirius Real Estate Limited, a real estate company, engages in the investment, development, and operation of commercial and industrial properties in Germany and the United Kingdom. The company owns and manages offices; warehouses, storerooms, and self-storage spaces; and production and workshop spaces. It also owns and manages business parks and lettable space.

Sirius Real Estate Limited Fundamentals Summary

How do Sirius Real Estate's earnings and revenue compare to its market cap?
SRE fundamental statistics
Market cap	R30.71b
Earnings (TTM)	R824.71m
Revenue (TTM)	R5.59b

37.2x

P/E Ratio

5.5x

P/S Ratio

Is SRE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SRE income statement (TTM)
Revenue	€279.90m
Cost of Revenue	€118.10m
Gross Profit	€161.80m
Other Expenses	€120.50m
Earnings	€41.30m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

Jun 03, 2024

Earnings per share (EPS)	0.031
Gross Margin	57.81%
Net Profit Margin	14.76%
Debt/Equity Ratio	78.5%

How did SRE perform over the long term?

See historical performance and comparison

Dividends

5.2%

Current Dividend Yield

169%

Payout Ratio

SRE Stock Overview

Rewards

Risk Analysis

Sirius Real Estate Limited Competitors

JSE:FFB

R32.0b

JSE:FFA

R34.3b

JSE:MSP

R11.6b

JSE:NRP

R83.1b

Price History & Performance

Recent News & Updates

Sirius Real Estate Limited to Report Fiscal Year 2024 Results on Jun 03, 2024

CEO & Executive Director recently bought R473k worth of stock

Sirius Real Estate Limited (LSE:SRE) acquired Two business parks in Köln (Cologne) and in Göppingen for €40 million.

Upcoming dividend of R0.60 per share at 5.8% yield

New minor risk - Shareholder dilution

Independent Non-Executive Director recently bought R463k worth of stock

Recent updates

Sirius Real Estate Limited to Report Fiscal Year 2024 Results on Jun 03, 2024

CEO & Executive Director recently bought R473k worth of stock

Sirius Real Estate Limited (LSE:SRE) acquired Two business parks in Köln (Cologne) and in Göppingen for €40 million.

Upcoming dividend of R0.60 per share at 5.8% yield

New minor risk - Shareholder dilution

Independent Non-Executive Director recently bought R463k worth of stock

Sirius Real Estate Limited has filed a Follow-on Equity Offering in the amount of £145 million.

Sirius Real Estate Limited Declares Dividend for the Six-Month Period Ended 30 September 2023, Payable on 25 January 2024

New minor risk - Earnings quality

Sirius Real Estate Limited to Report First Half, 2024 Results on Nov 20, 2023

An unknown buyer acquired Business Park in Kassel from Sirius Real Estate Limited (LSE:SRE) for €7.3 million.

CEO & Executive Director recently sold R10m worth of stock

CEO & Executive Director recently bought R175k worth of stock

CEO & Executive Director recently bought R560k worth of stock

Sirius Real Estate Limited Appoints Chris Bowman as a Director

Upcoming dividend of R0.62 per share at 5.9% yield

Insufficient new directors

Insider recently bought R112k worth of stock

Sirius Real Estate Limited Announces Dividend for the Second Six Months Ended March 31, 2023, Payable on August 17, 2023

Full year 2023 earnings released: EPS: €0.068 (vs €0.14 in FY 2022)

Sirius Real Estate Limited Expects Total Dividend for the Full Year Ended 31 March 2023

Insider recently bought R213k worth of stock

CEO & Executive Director recently bought R451k worth of stock

Interim CFO recently sold R18m worth of stock

Upcoming dividend of R0.48 per share

First half 2023 earnings released: EPS: €0.06 (vs €0.064 in 1H 2022)

Sirius Real Estate, Proposes Dividend for the Six-Months Period Ended 30 September

Sirius Real Estate Limited to Report Q2, 2023 Results on Nov 21, 2022

Independent Non-Executive Chairman recently bought R997k worth of stock

CEO & Executive Director recently bought R155k worth of stock

Insider recently bought R100k worth of stock

CEO & Executive Director recently bought R302k worth of stock

Sirius Real Estate Limited Announces CFO Changes

High number of new directors

Insider recently bought R81k worth of stock

An unknown buyer completed the acquisition of BizSpace business park in Camberwell, London from Sirius Real Estate Limited (LSE:SRE).

Upcoming dividend of R0.40 per share

Sirius Real Estate Limited Announces Dividend for the Second Six Months of the Financial Year Ended 31 March 2022, Payable on August 18, 2022

Full year 2022 earnings released: EPS: €0.14 (vs €0.14 in FY 2021)

Sirius Real Estate Limited Provides Dividend Guidance for the Full Year Ending March 31, 2022

An unknown buyer agreed to acquire BizSpace business park in Camberwell, London from Sirius Real Estate Limited (LSE:SRE) for £16 million.

High number of new directors

Sirius Real Estate Limited to Report Fiscal Year 2022 Results on Jun 13, 2022

High number of new directors

High number of new directors

BizSpace Announces Chief Executive Officer Changes

Sirius Real Estate Limited Appoints Alistair Marks as Chief Investment Officer

CEO & Executive Director recently bought R1.0m worth of stock

CEO & Executive Director recently bought R1.0m worth of stock

CEO & Executive Director recently bought R1.4m worth of stock

Upcoming dividend of R0.29 per share

CEO & Executive Director recently bought R2.9m worth of stock

Sirius Real Estate Limited (LSE:SRE) acquired NECKARTENZLINGEN Business Park from Hirschmann Electronics GmbH, and Logwin Holding Immo Aschaffenburg GmbH for €34.5 million.

CEO & Executive Director recently bought R22m worth of stock

First half 2022 earnings released: EPS €0.064 (vs €0.055 in 1H 2021)

High number of new directors

Sirius Real Estate Limited (LSE:SRE) acquired Four Business Park Assets in Oberhausen, Frankfurt, Heiligenhaus and Öhringen for €84.8 million.

High number of new directors

CEO & Executive Director recently sold R41m worth of stock