Sirius
  • €78.5m Total annualised rent roll
  • €79.7m Profit before tax
  • 1.77c per share Interim dividend
  • €27.1m Funds from Operations
  • €2.44c EPRA earnings
  • 9.0% Total shareholder accounting return

Profit growth and increased dividend

  • Profit before tax increased by 1.9% to €79.7m (Sept 2018: €78.2m)
  • Funds from operations grew by 16.3% to €27.1m (Sept 2018: €23.3m)
  • Final dividend increased by 8.6% to 1.77c

Valuation growth

  • Like for like total valuation increased by  €70.9 m
  • Total portfolio book value €1,064.8m
  • Increase in EPRA NAV per share of 6.0% to 79.29c

Rental growth

  • Like for like annualised rent roll increase of 0.9%
  • Total occupancy 83%

Asset recycling and new ventures

  • Completed the sale of 65% of five assets to AXA Investment Managers - Real Assets at significant premium to previously reported book value generating around €70.0 million of funds to re-invest
  • Completed the acquisition of three sites for €21.9 million, additional two assets notarised for acquisition for €64.6 million and three assets in exclusivity for €57.7 million 
  • Mature asset located in Weilimdorf notarised for disposal for €10.1 million, due to complete in April 2020
  • Further funds of around €80.0 million available for investment into further acquisitions or other ventures

Banking

  • Agreed the extension of exisiting facilty by €115.4 milllion charged at a fixed interest rate of 0.9% providing €90.0 million of funds to re-invest
  • 1.7% Average cost of debt reduced to 1.5% post drawdown of new lending in Oct 19
  • 3.9 Yrs Weighted average debt expiry
  • 12.2x Interest cover from NOI

 

In this section