Sirius Real Estate stock: Fitch reaffirms BBB rating for Sirius Real Estate stock

Published on 10/24/2026 at 04:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fitch kept Sirius Real Estate at BBB on October 15, 2026. Sirius Real Estate stock posted 11.30 percent rent roll growth for six months ended September 30, 2026.

Rating and operating metrics

Fitch reaffirmed Sirius Real Estate's BBB rating on October 15, 2026.
Rent roll increased 11.30 percent, including 5.10 percent like-for-like growth, for the six months ended September 30, 2026.
Half-year results are scheduled for November 16, 2026, after the company retained more than EUR 250 million in liquidity.

Sirius Real Estate, GG00B1W3VF54, Illustration mit AI erstellt.

Sirius Real Estate (ISIN GG00B1W3VF54) delivered 11.30 percent rent roll growth in the six months ended September 30, 2026. Sharenet reported on October 15, 2026, that Fitch reaffirmed the company's BBB ratings and stable outlook. The latest signal combines operating growth with a still-investment-grade credit profile.

Rent roll growth sets the tone

The October 5 trading update showed that like-for-like rent roll increased 5.10 percent year over year during the same half-year period. The comparison matters because total growth of 11.30 percent included acquisitions as well as organic performance. The Financial Times carried the company announcement, which also said Sirius retained more than EUR 250 million in liquidity and had repaid a EUR 400 million bond at maturity in June 2026.

Three dated operating signals

On June 1, 2026, Sirius reported fiscal-year revenue of EUR 347.5 million and funds from operations of EUR 133.5 million. On October 5, 2026, the company reported 11.30 percent total rent roll growth and 5.10 percent like-for-like growth. On October 15, 2026, Fitch reaffirmed the BBB rating and stable outlook, citing EBITDA net interest cover of 7x in fiscal year 2026 and net debt to EBITDA of 6x in its forecast period.

When do the next results arrive?

Sirius is scheduled to publish half-year results for the period ended September 30, 2026, on November 16, 2026, according to the October 5 company announcement carried by The Financial Times. The report will provide the next detailed test of whether the 5.10 percent organic growth rate translated into stronger earnings and cash generation.

Credit metrics frame the outlook

Fitch also highlighted the company's moderate leverage and expects Sirius to stay within its long-term loan-to-value policy. The October 5 update said the group had completed EUR 185.1 million of bond taps, taking two bond series to EUR 500 million benchmark size each. For investors, the combination of rent roll growth, liquidity above EUR 250 million and scheduled results on November 16, 2026, provides the clearest near-term framework for assessing execution.

Stock and company profile

Sirius Real Estate operates business and industrial parks in Germany and the United Kingdom. Its portfolio comprised 145 assets and 10,477 tenants as of March 31, 2026, according to the Fitch release carried by Sharenet. The company is listed on the London Stock Exchange and the Johannesburg Stock Exchange.

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