Markets & Investment News South Africa

Sirius Real Estate increases interim dividend by 51%

Sirius Real Estate, the AltX-listed owner of German flexible office space and storage assets, has produced strong results for the period before it expects to move to the JSE's main board next year.
Sirius Real Estate increases interim dividend by 51%
© Aleksandrs Tihonovs – 123RF.com

Sirius reported significant growth in the six months to September, with funds from operations and the dividend per share both having risen 51%, while its net asset value climbed 4% in the period.

Sirius is the only pure German property player on the JSE, with assets in Berlin, Munich and Mainz, among others. The company invests in flexible office assets which tend to be tenanted by small and medium companies. It also operates a storage business which is growing quickly.

Management intends to grow the €770.9m portfolio to about €1.2bn within the next two years.

Source: BDpro

Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.

Go to: http://www.inet.co.za
Let's do Biz