Sirius Real Estate Ltd with ticker (LON:SRE) now has a potential upside of 46.2% according to Jefferies.
SRE.L
Jefferies set a target price of 115 GBX for the company, which when compared to the Sirius Real Estate Ltd share price of 79 GBX at opening today (20/12/2024) indicates a potential upside of 46.2%. Trading has ranged between 77 (52 week low) and 102 (52 week high) with an average of 5,219,181 shares exchanging hands daily. The market capitalisation at the time of writing is £1,186,610,977.
Sirius Real Estate Limited is a property company that owns and operates branded business and industrial parks providing conventional space and flexible workspace in Germany and the United Kingdom. Its portfolio consists of approximately 145 assets. The Company operates through two segments: Germany and the UK. Its Germany segment focuses on seven cities: Berlin, Dusseldorf, Frankfurt, Hamburg, Cologne, Munich, Stuttgart, and other. Its Germany property include traditional business parks, modern business parks, and office buildings. The Company’s UK sites operate under the BizSpace brand. BizSpace provides a range of workshops and small industrial units for businesses needing space for light industrial work, such as manufacturing, repairing, and packing, or warehouse space to store stock. BizSpace caters to the office needs of SMEs, ranging from small units to larger units. BizSpace’s mixed sites combines workshop space and office space on site.
Sirius Real Estate Ltd 46.2% potential upside indicated by Jefferies
- Written by: Charlotte Edwards
Latest Company News
Sirius Real Estate has completed the €43.7 million acquisition of a 27,180 sqm business park in Feldkirchen, near Munich. The site, 94% occupied and generating €3.4 million in annual rent, delivers a 7.8% EPRA Net Initial Yield.
Sirius Real Estate has finalised the purchases of a business park in Dresden for €23.4m and Chalcroft Business Park in Southampton, including an adjoining development site, for £42.8m. The deals add €4.5m in annualised income and provide opportunities for revenue growth through active asset management and development.
Sirius Real Estate has acquired a €23.4m site in Dresden and completed the £16.13m purchase of Bedford Heights, both secured off-market. The assets offer strong yields of over 9% and align with Sirius’ strategy of targeting income-generating properties with value-add potential in high-demand sectors and regions.
Sirius Real Estate Limited has made significant strides with its first acquisition in Lübeck and the sale of a business park in Pfungstadt, enhancing its growth strategy.
Sirius Real Estate Limited (LON:SRE) reports a 12.8% year-on-year increase in rent roll, highlighting strong growth in Germany and the U.K. as market demand remains robust.
Sirius Real Estate (LON:SRE) expands its Munich presence with a €13.3M site acquisition, boosting development and tenant opportunities in a prime location.
