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Sirius Real Estate Limited Company profile

About Sirius Real Estate Limited

Sirius Real Estate Limited is a real estate holding company. The Company is engaged in the investment in and operation and development of commercial property to provide smart and flexible workspace in Germany. The Company has a portfolio of approximately 65 business parks across Germany. It invests in mixed-use commercial real estate assets in Germany, which are sub-divided into offices, storage, production and workspaces, and has over 1.78 million square meters of the total lettable space. Its properties include Sirius Business Park Wuppertal, Sirius Business Park Schenefeld, Sirius Business Park Rostock, Sirius Business Park Mainz, Sirius Business Park Pfungstadt, Sirius Business Park Offenbach, Sirius Business Park Neuss, Sirius Business Park Nuremburg, Sirius Business Park Hamburg, Sirius Business Park Berlin, Sirius Business Park Kassel and Sirius Business Park Markgroningen. The Company’s wholly-owned subsidiary Sirius Facilities GmbH offers asset management services.

Financial summary

BRIEF: For the six months ended 30 September 2021, Sirius Real Estate Limited revenues increased 11% to EUR88.4M. Net income increased 20% to EUR67.7M. Revenues reflect Funds from Operations - Per Share - Basi increase of 12% to EUR0.03, Rental and other income from managed pro increase of 74% to EUR11.6M, Rental and other income from investment increase of 7% to EUR50.1M. Net income benefited from Net Operating Income (NOI) - Total increase of 13% to EUR49.5M.