Sirius Real Estate annual rental up 18% despite market volatility
Sirius Real Estate Ltd reported on Monday that its annual rental income grew, despite uncertainty around the UK government budget and market volatility.
The London- and Johannesburg-listed property investor delivered an 18% rise in rent roll for the financial year ended March 31, compared to the previous year, driven by a combination of continued asset acquisitions and strong demand for space at its business parks.
On a like-for-like basis, rent roll growth has accelerated in the second half of the 2026 financial year, delivering a total annual increase of 6.4%, compared to the prior year.
In the UK, a ‘solid’ performance throughout the financial year was impacted by prolonged political uncertainty around UK Chancellor Rachel Reeves’s autumn statement, which was delayed to the end of November 2025, Sirius said.
‘This led to a slower occupational market in the final three months of calendar year 2025, with weaker customer confidence leading to deferred decision making, as well as the sale of smaller spaces due to occupiers noticeably reducing their propensity to factor in future growth ambitions,’ the company said.
Leasing performance in Germany had again seen a strong finish to the financial year, with anticipated levels of move-outs in the first half more than offset by pricing gains on renewals and heightened occupier activity.
‘In spite of the volatile geopolitical backdrop, we expect to see the increase in income convert into valuation growth in the German portfolio at the year-end, supported by stable property yields,’ Sirius said.
Sirius said it expects to deliver full-year results in line with market expectations.
The company intends to release its annual financial results on June 1.
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