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UK-listed owner and operator of business parks and light industrial/office space across Germany and the UK.
UK-listed owner and operator of business parks and light industrial/office space across Germany and the UK.
Collects rent and service charges from many small businesses in its parks, buying under-used industrial sites and raising occupancy and rents through refurbishment and active management. It later added the UK through its purchase of BizSpace, a similar small-business operator.
In one line: A UK/German industrial-flex-space REIT.
Moat: narrow (scale, installed base). Large German multi-let business-park portfolio with an in-house management platform.
Headquarters: St Peter Port, Guernsey · Founded: 2007
Size Sirius Real Estate (SRE.L) is a United Kingdom Real Estate company (Real Estate Development) with a market value of $2.14B, the 155th largest of 363 United Kingdom companies the cockpit tracks. Shares closed at £100.40 on 6 Nov 2026.
Performance Over six months the shares gained 0.8%, against -9.2% for the median peer and +3.6% for the United Kingdom market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 12.5% over the last twelve months (peer median +8.2%); the operating margin is 40.6% (peer median 23.5%).
Valuation It trades at 13.6× forward earnings against a peer median of 13.0× (9th most expensive of 18).
Credit Sirius Real Estate has 2 bonds outstanding ($1.11B), rated BBB by the agencies and trading like BB+ at a weighted spread of 156 bp.
Next results Next results expected around 16 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | £301M | £300M | £267M | £249M | £233M |
| Revenue growth | — | +12% | +7% | +7% | — |
| Gross profit | £170M | £170M | £152M | £139M | £128M |
| EBITDA | £126M | £126M | £113M | £103M | £95.5M |
| Net income | £199M | £199M | £150M | £93.1M | £68.8M |
| Free cash flow | £101M | £100M | £94.4M | £114M | £83.6M |
| Capital expenditure | £4.01M | £3.98M | £11.1M | £2.68M | £4.58M |
| Total debt | n/a | £1.27B | £1.13B | £840M | £882M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sirius Real Estate SRE.L | $2.14B | +1% | +13% | 41% | 13.6× | n/a |
| SEGRO SGRO.L | $16.6B | +33% | +7% | 69% | 23.8× | n/a |
| Workspace WKP.L | $913M | +8% | -2% | 51% | 15.1× | n/a |
| Picton Property Income PCTN.L | n/a | -15% | n/a | n/a | n/a | n/a |
| LondonMetric Property LMP.L | $6.16B | +2% | +17% | 89% | 13.6× | n/a |
| Custodian Property Income REIT CREI.L | $545M | +1% | +9% | 68% | 13.2× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SRE.L | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.1% | +1.3% | highest of 21 |
| 6-month return | +0.8% | -9.2% | 5th highest of 21 |
| Distance from 52-week high | -11.2% | -25.0% | 5th highest of 21 |
| Revenue growth (TTM) | +12.5% | +8.2% | 8th highest of 21 |
| Operating margin | 40.6% | 23.5% | 9th highest of 21 |
| Forward P/E | 13.6× | 13.0× | 9th most expensive of 18 |
| Bond spread | 156 bp | 173 bp | 2nd tightest of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sirius Real Estate SRE.L | United Kingdom | $2.14B | +1% | +13% | 41% | 13.6× | n/a | n/a |
| Hufvudstaden HUFV-A.ST | Sweden | $2.14B | -5% | -4% | 47% | 20.9× | n/a | n/a |
| Lumo Homes LUMO.HE | Finland | $2.14B | -3% | +1% | 59% | 15.8× | n/a | n/a |
| Country Garden Services 6098.HK | Hong Kong | $2.13B | -21% | +11% | 4% | 7.0× | n/a | n/a |
| Hang Lung 0010.HK | Hong Kong | $2.14B | -25% | +9% | 53% | n/a | n/a | n/a |
| Winnovation Culturaltainment Development Limited 000620.SZ | China | $2.12B | -6% | +14% | -39% | 66.0× | n/a | n/a |
| Newmark NMRK | United States | $2.16B | -29% | +16% | 7% | 6.1× | n/a | n/a |
| Hysan Development 0014.HK | Hong Kong | $2.16B | -20% | -2% | 72% | 7.5× | n/a | n/a |
| Green Development Electricity Group of Tianjin 000537.SZ | China | $2.19B | -28% | +13% | 31% | 37.3× | n/a | n/a |
| Altarea SCA ALTA.PA | France | $2.05B | -31% | -20% | 9% | 9.9× | n/a | n/a |
| Neinor Homes HOME.MC | Spain | $2.04B | +10% | +165% | 10% | 13.0× | n/a | n/a |
| Fabege FABG.ST | Sweden | $2.02B | -16% | +27% | 59% | 14.7× | n/a | n/a |
| Investis IREN.SW | Switzerland | $2.26B | -2% | +10% | 67% | 32.9× | n/a | n/a |
| Wihlborgs Fastigheter WIHL.ST | Sweden | $2.28B | -14% | +7% | 70% | 10.8× | n/a | n/a |
| Nanjing Gaoke 600064.SS | China | $2.00B | -4% | +4% | -18% | 5.8× | n/a | n/a |
| Leopalace21 8848.T | Japan | $1.99B | +52% | +3% | 8% | 13.0× | n/a | n/a |
| Relo 8876.T | Japan | $2.30B | +21% | +7% | 20% | 15.5× | n/a | n/a |
| China Enterprise 600675.SS | China | $1.98B | -15% | -35% | 4% | n/a | n/a | n/a |
| Metrovacesa MVC.MC | Spain | $1.95B | -5% | +58% | 13% | 26.4× | n/a | n/a |
| Argan ARG.PA | France | $1.95B | +14% | +5% | 78% | 11.2× | n/a | n/a |
| Zhaojin International Gold 000506.SZ | China | $1.95B | -13% | +42% | 27% | n/a | n/a | n/a |
Sirius Real Estate has 2 bonds outstanding with $1.11B face value. The agencies rate it BBB; its bonds trade like BB+. Weighted yield 4.56%, a spread of 156 bp over government bonds.