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Last €0.49 EUR
Change Today +0.0088 / 1.84%
Volume 96.9K
SRE On Other Exchanges
Symbol
Exchange
London
Berlin
As of 6:00 AM 08/5/15 All times are local (Market data is delayed by at least 15 minutes).

sirius real estate ltd (SRE) Snapshot

Open
€0.48
Previous Close
€0.48
Day High
€0.49
Day Low
€0.48
52 Week High
05/26/15 - €0.50
52 Week Low
10/22/14 - €0.29
Market Cap
362.0M
Average Volume 10 Days
860.9K
EPS TTM
€0.05
Shares Outstanding
746.4M
EX-Date
06/11/15
P/E TM
10.0x
Dividend
€0.02
Dividend Yield
3.46%
Current Stock Chart for SIRIUS REAL ESTATE LTD (SRE)

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sirius real estate ltd (SRE) Details

Sirius Real Estate Limited, together with its subsidiaries, invests in and develops commercial properties in Germany. The company owns and operates business parks, offices, and industrial complexes. It owns and operates a portfolio of 33 business parks. The company was formerly known as Dawnay, Day Sirius Limited and changed its name to Sirius Real Estate Limited in October, 2008. Sirius Real Estate Limited was founded in 2006 and is based in St. Peter Port, the Channel Islands.

169 Employees
Last Reported Date: 05/22/15
Founded in 2006

sirius real estate ltd (SRE) Top Compensated Officers

Chief Executive Officer, Chief Executive Offi...
Total Annual Compensation: €513.9K
Chief Financial Officer and Director
Total Annual Compensation: €390.0K
Compensation as of Fiscal Year 2014.

sirius real estate ltd (SRE) Key Developments

Sirius Real Estate Limited - M&A Call

Sirius Real Estate Limited - M&A Call

Sirius Real Estate Limited Provides Update on Debt Facilities

Sirius Real Estate Limited announced the proposed raising of up to 50 million by a private placement of new ordinary shares to fund the early repayment of two Macquarie loans totaling €56 million. At the same time, the company intends to enter into a new ten year debt facility of €56 million with a margin of 135 bps over 3 month Euribor. This proposed new debt facility has been credit committee agreed by a European bank which will become a new lender to the group. The refinancing is expected to result in: an annual interest saving of at least €2.4 million and a further cashflow saving of approximately €2.0 million from the removal of the cash sweep and reduced amortization requirements; two non-core assets with a value of €25 million as at March 31, 2015, which are currently being marketed for sale becoming unencumbered. The company also confirmed that it has received a credit agreed term sheet to refinance the two loan facilities with Macquarie Bank totaling €56 million. The loan facilities were due to expire in January 2017. In accordance with the terms of the Macquarie facility agreements, an early redemption will require the company to pay all interest and exit fees that would be due on the loan upon repayment. These payments along with other costs associated with the refinancing are expected to amount to around €7.5 million. The Macquarie loans will be replaced with a much lower cost, long-term 10 year facility from a new European bank lender to the group, with an all-in fixed interest charge expected to be less than 2.5%. As a result, the company will generate an annual saving of at least €2.4 million on interest costs and a further €2.0 million saving on the annualized amortization and cash sweep payments making a total ongoing annualised cash flow improvement of some €4.4 million.

Sirius Real Estate Limited, 2015 Earnings Call, May 25, 2015

Sirius Real Estate Limited, 2015 Earnings Call, May 25, 2015

 

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SRE

Industry Average

Valuation SRE Industry Range
Price/Earnings 10.2x
Price/Sales 6.2x
Price/Book 1.0x
Price/Cash Flow 13.1x
TEV/Sales 1.7x
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