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Highlights:
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Two brokers reaffirmed a 'buy' rating for Sirius Real Estate Limited following the company’s pre-interim results trading update, indicating alignment with management expectations.
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Panmure Liberum forecasts full-year funds from operations (FFO) at approximately €123 million, slightly above its own projection of €122 million.
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Peel Hunt highlighted Sirius’s shares as undervalued, trading at net assets, while recognizing the value of the company’s platforms in Germany and the UK.
Sirius Real Estate Limited {LSE:SRE} has received a reaffirmed 'buy' rating from two brokerage firms following the company’s recent pre-interim results trading update. This update confirmed that business performance remains in line with management's expectations.
In their analysis, Panmure Liberum noted that consensus forecasts for full-year funds from operations (FFO) are expected to be around €123 million, which is slightly above the firm's own forecast of €122 million. Additionally, Sirius will be hosting an investor event this week to highlight its UK subsidiary, Bizspace. The broker also indicated that exclusive discussions are ongoing regarding several potential acquisitions, which could further enhance Sirius's market position.
Peel Hunt also expressed a positive outlook, stating that at a price-to-earnings ratio of 13 times 2026 estimated earnings, Sirius's shares appear undervalued compared to peers. They pointed out that while the shares currently trade at net asset value, this does not adequately reflect the significant potential of Sirius's operational platforms in both Germany and the UK, along with the company’s established track record of generating quality and growing income streams from its expanding asset base.
In terms of price targets, Panmure Liberum has set a target of 125 pence per share, while Peel Hunt has a slightly lower target of 115 pence per share. Following this news, Sirius’s shares experienced a minor decline of 0.6%, trading at 93.6 pence. This fluctuation suggests a market response to broader conditions while still reflecting underlying confidence from analysts in the company’s growth trajectory and strategic initiatives.
