Sirius Real Estate Ltd - London and Johannesburg-listed property investor - Says Fitch Ratings has reaffirmed its long-term issuer default rating and senior unsecured rating at BBB, with a ‘stable outlook’. It says Fitch highlighted the high yield of its assets, its resilient occupancy and rental growth due to active asset management, as well as the affordability of its rents. Chief Financial Officer Chris Bowman says the decision was ‘another positive endorsement of the strength of our operating platform’ and ‘the quality of our portfolio’.
Sirius Real Estate is due to release its results for the six months that ended September 30 on November 18.
Current stock price in London: 88.70 pence, flat on Monday morning
12-month change: up 2.9%
Current stock price in Johannesburg: R 20.24, down 0.2%
12-month change: up 2.7%
Copyright 2024 Alliance News Ltd. All Rights Reserved.
