Sirius Real Estate (SRE) Q4 2026 TU earnings summary

Executive summary

• Achieved 18.4% year-over-year increase in rent roll, driven by asset acquisitions and strong demand in Germany and the U.K.

• Like-for-like rent roll grew 6.4% year-over-year, marking the twelfth consecutive year above 5%.

• Completed 13 asset acquisitions totaling €464 million, with a strategic focus on defence-related properties.

• Maintained a strong balance sheet, including a renewed €300 million revolving credit facility and a £77 million equity fundraise.

Financial highlights

• Group rent roll increased 18.4% year-over-year; like-for-like rent roll up 6.4%.

• Completed €464 million in acquisitions; disposed of assets in Pfungstadt (€30 million) and Sunderland (£1.25 million), both at a premium to book value.

• Oversubscribed £77 million equity raise in February 2026, supporting acquisitions.

Outlook and guidance

• Full-year results expected in line with market expectations.

• Anticipates positive valuation movement at Group level at period end.

• On track to generate targeted funds from operations from recent capital raise.