Sirius Real Estate, the JSE-listed owner of flexible office and storage space in Germany, is on track to declare a dividend of 2.7 euro cents for the year to end-March, according to a consensus of analysts. "This would be a very satisfactory increase on the full 2016 dividend per share of 2.22 euro cents. Thus we would expect that the upcoming first-half dividend will show a marked improvement on the previous first-half dividend per share of 0.92c," said Chris Segar of Ivy Asset Management. Sirius CEO Andrew Coombs said the group had performed very well in the first half of the 2017 financial year. The company released a trading statement on Friday. The majority of Sirius’s tenants come from the German small and medium enterprise (SME) market, which is a substantial part of the German economy, Coombs said. "We offer SME companies flexible leases so that they can adapt the space they have to their fast-changing needs. The success of this format is shown by occupancy increasing on a l...
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