Sirius Sirius Real Estate

 

In June, we were proud to share our full-year results for the financial year ended 31 March 2023, along with our 2023 Annual Report.

It’s been another strong year in which we have achieved significant long-term ambitions, which is testament to the continued hard work and commitment of the Sirius teams across Germany and the UK. In this blog post, I would like to take some time to reflect on the facts and figures, and highlight some areas in which we have made progress during the financial year – despite continued macro challenges.  

Realising a landmark ambition

Casting our minds back to our 2018 Capital Markets Day in London, we set out a plan in order to reach a target funds from operation (FFO) of €100 million, and we are proud to say that Sirius achieved this ambition in the previous financial year.

This figure of €100 million, which represents a 36.9% year on year increase in FFO growth, allows us to be self-sufficient in funding our dividend, debt and capex all from positive operating cashflows. We’re now setting our sights on growing our FFO to €150 million, building on our momentum and looking to challenge ourselves and our business model to continue to accelerate the growth of the business.

What’s more, with a 28.8% increase in dividend year on year, this year marks the ninth year running of consecutive dividend increases.

We have been able to achieve this through the flexibility of our platform, which has enabled us to work closely with tenants to help provide the right mix of space and the right suite of services against sometimes challenging market conditions for our tenants.

A focus on sustainability

Another major milestone in the year came in the form of our first ESG report, titled ‘Shaping Our Future’ which was released in December 2022. As part of this report, we published our first ESG roadmap, which takes the insights from our materiality assessment conducted in FY2020/21 and informs the direction of our activities across key environmental, social and governance issues, meaning we have a clear trajectory for our activities and can more accurately focus efforts on the areas where we can have the greatest impact.

In addition, in the new financial year we have launched a full-time, dedicated ESG department to help us drive our sustainability ambitions in both Germany and the UK. We also intend to carry out our next full materiality assessment in FY2023/24.

Closing thoughts and looking ahead

It continues to be a privilege to work with Sirius’ dedicated, entrepreneurial team as we progress. Looking forward, the key word for us is growth, which will be driven organically as we add additional revenue streams. Ultimately, it’s the entrepreneurial abilities of Sirius that will help us generate additional revenue to grow our bottom line and together with the rest of the management team I am looking forward to driving this growth in the years to come

I look forward to sharing my next update on the progression of our business.

Important

Please select your jurisdiction of residence:

Location

Please select the jurisdiction in which you are presently located:

Telephone

The international dialing code for my primary residence is:

Disclaimer – Important

Viewing the materials you seek to access may not be lawful in certain jurisdictions.  In other jurisdictions, only certain categories of person may be allowed to view such materials.  Any person who wishes to view these materials must first satisfy themselves that they are not subject to any local requirements that prohibit or restrict them from doing so.

The information contained in this website, including any material you may hereafter access, does not constitute an offer of securities for sale in the United States or any other jurisdiction. Securities may not be offered or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended, or an exemption from registration.  No public offering or sale of securities in the United States is contemplated. The information contained in this website, including any material you may hereafter access, is not to be provided by you to any other person, in electronic form or otherwise, and is not to be accessed, published, copied, forwarded or otherwise disseminated in or into the United States.

If you are not permitted to view materials on this webpage or are in any doubt as to whether you are permitted to view these materials, please exit this webpage.

By proceeding, you agree to comply with the terms set out above and confirm that you are a resident of the country you identified earlier and you are accessing this website from within the country you identified earlier, and you additionally represent, warrant and agree that you are not accessing this website from within the United States.

No Access

Thank you for your interest.  Legal restrictions prevent us from allowing you further access to this website.

If you believe you are a resident of, and located in, a jurisdiction where viewing is permitted by law, and you can confirm that to us, please contact us.

Return Home