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Sirius unveils double-digit return as asset values climb

The German industrial landlord is moving closer towards a funds from operations target of €100m
Sirius unveils double-digit return as asset values climb
  • Funds from operations rise by 9 per cent
  • Enquiries are 18 per cent ahead of the prior year

Sirius Real Estate (SRE) is firmly in the canon of pandemic-proof stocks, but there is substance as well as sentiment behind the last year’s share price gains. Higher occupancy and a 3.5 per cent underlying growth in rent per square foot drove funds from operations - REITs' preferred measure of cash flow generation - up 9 per cent to €60.9m (£52.4m), taking the German industrial landlord closer towards a medium-term target of €100m. 

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