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Results For The Six Months Ended 30 September 2021 And Dividend Declaration
SIRIUS REAL ESTATE LIMITED
(Incorporated in Guernsey)
Company Number: 46442
JSE Share Code: SRE
LSE (EUR) Share Code: ESRE
LSE (GBP) Share Code: SRE
LEI: 213800NURUF5W8QSK566
ISIN Code: ISIN GG00B1W3VF54
("Sirius Real Estate", “Sirius” or the "Company")
RESULTS FOR THE SIX MONTHS ENDED 30 SEPTEMBER 2021 AND DIVIDEND
DECLARATION
1. SALIENT FEATURES
Profit before tax increased by 25.7% to €78.2 million for the six-month period (H1 2020:
€62.2 million)
Funds from Operations* grew by 13.4% to €33.0 million (H1 2020: €29.1 million)
Interim dividend per share increased by 12.1%** to 2.04c (H1 2020: 1.82c)
NAV per share increased by 4.9% to 92.62c (31 March 2021: 88.31c) - adjusted NAV***
per share up 5.3% to 98.80c (31 March 2021: 93.79c)
European Public Real Estate Association (“EPRA”) earnings per share increased by
11.9% to 2.73 cents per share, from 2.44 cents per share in the prior corresponding period
Headline earnings per share decreased by 5.5% to 2.57 cents per share, from 2.72 cents
per share in the prior corresponding period
Earnings per share increased by 18.2% to 6.44 cents per share, from 5.45 cents per share
in the prior corresponding period
* See note 24 of the Interim Report.
** Interim dividend represents 65% of FFO (30 September 2020: 65% of FFO).
*** See note 11 of the Interim Report.
Note: All amounts stated in Euro €
2. Dividend
The Board has declared a dividend for the six months ended 30 September 2021 of 2.04c per
share, representing a pay-out ratio of 65% of FFO, and an increase of 12.1% on the 1.82c
dividend relating to the corresponding period last year that was based on 65% of FFO.
The ex-dividend date will be 14 December 2021 for shareholders on the South African register,
meaning the last day to trade is Monday, 13 December 2021. It will be 16 December 2021 for
shareholders on the UK register. The record date is expected to be 17 December 2021 for
shareholders on the South African and UK registers and the dividend will be paid on 20
January 2022 for shareholders on both registers. A detailed dividend announcement will be
made in due course, including details of a scrip dividend alternative.
3. SHORT-FORM ANNOUNCEMENT
This short-form announcement is the responsibility of the directors of the Company. It
contains only a summary of the information in the full announcement (‘Full
Announcement”) and does not contain full or complete details. The Full Announcement
can be found at:
https://senspdf.jse.co.za/documents/2021/JSE/ISSE/SREE/SREHY22.pdf
A copy of the Full Announcement is also available for viewing on the Company’s website
at https://www.sirius-real-estate.com/news/regulatory-news/ or may be requested and
obtained in person, at the Company’s registered office or the office of the sponsor, at no
charge, during office hours.
These interim results have been reviewed by the Company’s auditors, Ernst & Young
LLP, which issued an unmodified review opinion on the interim results. The review opinion
is included in the Full Announcement.
Any investment decisions by investors and/or shareholders should be based on
consideration of the Full Announcement, as a whole.
8 November 2021
Sponsor
PSG Capital
Date: 08-11-2021 09:00:00
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