Sirius Real Estate rent roll rises due to acquisitions, organic growth

Sirius Real Estate Ltd is confident it is on track to meet full-year expectations, after rent roll grew sharply in the first half of financial 2026.

The London and Johannesburg-listed property investor on Monday reported a 15% year-on-year increase in rent roll for the six months that ended September 30, partly thanks to acquisitions.

During the 2025 calendar year, Sirius spent nearly €300 million on acquisitions across Germany and the UK, completing the deployment of capital from its equity raise in July 2024.

On a like-for-like basis, Sirius said underlying rent roll rose 5.2%, saying this reflected its ability to continue to drive organic growth across both Germany and the UK.

Sirius said its focus in Germany had been on protecting occupancy and the rent roll growth in the first six months.

In the UK, the company said it has been able to deliver like-for-like rent roll growth above 5%, in line with its German operations.

The company said it is now transitioning to a phase of intense asset

management of its new assets, following ‘highly acquisitive growth’ in the UK.

‘Sirius has had a very positive start to the year both at an underlying level, where we have continued our long track record of driving rental growth through our asset management platform, but also in terms of acquisitions,’ Sirius Chief Executive Officer Andrew Coombs said.

Sirius said it remains on track to deliver full-year financial results that are in line with expectations.

Sirius intends to release first half financial results on November 17.

Shares in Sirius were down 2.0% to 95.55 pence in London on Monday morning. They were flat at R 22.50 in Johannesburg.

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