Sirius Real Estate has achieved a 15.2% year-on-year increase in rent roll for the six months ended 30th September 2025, driven partly by its ongoing acquisition programme. On a like-for-like basis, the Company’s underlying rent roll increased by 5.2%.
In Germany, Sirius says it continues to generate robust like-for-like rent roll growth of 5%+, despite the first half of the year being ‘weak’ with move outs and sales affected by normal seasonality. The Company says its focus during the first has been on protecting occupancy and rent roll growth.
Its UK assets have been subjected to a more difficult economic backdrop however, Sirius says it has been able to deliver like-for-like rent roll growth of 5%+ in line with its German operations.
“Valuations continue to be held back by the macro-economic uncertainty prevalent in the market and hence we are expecting flat valuations in our UK portfolio. Our optimism in the UK comes from the opportunities which are prevalent in our most recently acquired assets, which have transformed our UK business into an industrial property business of significant scale, and which will help drive our financial performance in the coming years,” comments CEO of Sirius Real Estate, Andrew Coombs.
“Following a period of highly acquisitive growth in the UK we are now transitioning to a phase of intense asset management of our new assets,” he adds.
During 2025, the Company has secured nearly €300 million of acquisitions across Germany and the UK, completing the deployment of capital from its equity raise in July 2024. Its balance sheet has been further strengthened with the signing of a €150 million revolving credit facility, which remains undrawn, and combined with the €105 million tap of the 2028 bond, the Company has free cash reserves of approximately €400 million as at 30th September 2025. Sirius’ next debt maturity is its June 2026 €400 million bond with ample liquidity to repay and to continue to acquire assets in the coming months.
Sirius’ Board says it remains on track to deliver full year results in line with expectations, with its half year results ended 30th September 2025 to be announced on the 17th of November 2025.
