Sirius Real Estate: Presentation
PRESENTATION OF HALF-YEAR RESULTS
Main owner of business parks, industrial complexes and suburban offices in Germany and the United Kingdom
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Neckartenzlingen – Germany
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Sep 2022 |
Half-year results |
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Leading owner and operator
business parks, industrial complexes and suburban offices in Germany and the UK with a total of 450 employees
Fully integrated operation
platforms with employees at over 140 locations in Germany and the UK
Market capitalisation what’s more €1 billion (£900m)
UK REIT status *
1.5X covered dividend
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€2.4billion |
Listed on major markets |
FTSE EPRA/NAREIT Global Real |
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value of assets owned and managed |
LSE (FTSE250) & JSE |
Index of estates and FTSE/JSE SA |
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across Germany and the UK |
Index of listed goods |
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(€2.1bn owned) |
€993m total debt (net LTV 41.0%)
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Sep 2022 |
Half-year results |
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*Applies to UK businesses only |
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Economy spread over several large autonomous markets
Frankfurt, Berlin, Munich, Hamburg, Düsseldorf, Cologne and Stuttgart
High replacement costs
German light industrial buildings are built to relatively high standards and replacement costs often reach 200% of capital value of secondary stock
Well-diversified economy
Machinery, automotive, chemicals, medicine, energy, environment, consumption and service
High investment levels
Germany and German real estate in particular have historically attracted high levels of investment and remain resilient despite uncertain market conditions
The “Mittelstand”
The SME market represents more than 50% of the German economy in terms of employment and production; Demand from SMEs remains strong
Resilience
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As Europe’s largest economy, Germany recorded annual growth of just under 2% in H1 with a similar figure of
vs 1.8% forecast for full year and forecast over 2.0% in 2023 -
The German relief program announced the end of
September is worth up to €200.0billion to tackle soaring energy costs (Germany’s defensive shield)
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Sep 2022 |
Half-year results |
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Conflict and public services Russia/Ukraine (Germany)
- According to the German Federal Network Agency responsible for the coordination of gas supply throughout Germany, the events on the Nord Stream 1 and 2 gas pipelines do not affect the gas supply in Germany. No gas has been delivered via Nord Stream 1 since early September and Nord Stream 2 has never been commissioned. German gas reserves now exceed 99.55%* full to capacity and gas continues to be supplied from a range of different sources other than Nord Stream.
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As previously explained, Sirius has secured gas supply to most of its customers at fixed tariffs in 2020, these fixed tariff agreements do not expire until the end of December 2023. Unless the German government passes Germany to the emergency level with regard to gas supply, we have no reason to believe that there will be any significant changes to our
fixed price contracts or the supply of gas in general. - In September 2022, the German government announced a relief plan worth up to €200 billion
to fight against soaring energy prices in Germany (gas price curb) as well as additional measures to support companies in difficulty.
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Sep 2022 |
Half-year results |
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* According to the management report of the German Federal Grid Agency of November 11, 2022
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Disclaimer
Sirius Real Estate Limited published this content on November 21, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on November 21, 2022 07:38:08 UTC.
Public now 2022
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SIRIUS REAL ESTATE LIMITED Technical Analysis Trends
| Short term | Middle term | Long term | |
| Tendencies | Bullish | Bearish | Bearish |
Evolution of the income statement
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Sale  To buy |
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| Medium consensus | TO BUY |
| Number of analysts | 4 |
| Last closing price | €0.94 |
| Average target price | €1.28 |
| Average Spread / Target | 36.1% |
