Sirius Real Estate Limited (SRE.L), a property company, reported that its profit before tax for the year to 31 March 2025 increased to 201.6 million euros from 115.2 million euros in the previous year, primarily due to an 81.0 million euros asset management led valuation gain.
Profit attributable to owners of the company for the year was 178.1 million euros or 12.02 cents per share up from 107.8 million euros or 8.63 cents per share in the previous year.
Annual revenue grew to 317.5 million euros from 288.8 million euros in the prior year. The company said it is trading in line with management expectations in the new financial year.
Sirius said it continues to target further growth options in both Germany and the UK on an opportunistic basis, including recycling of mature assets and reinvesting in value-add opportunities.
The company noted that its organic growth opportunities remain strong in both markets.
The Board has authorized its 23rd consecutive dividend increase for shareholders, over a 12 year period, paying 3.09 cents per share for the second half of the year. This brings the total dividend distribution to 6.15c per share for the year ended 31 March 2025, which compares to 6.05 cents in the comparative previous period.
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