by Sean Culverwell | Apr 17, 2024 | Property
Key message: Sirius’ FY24 performance is poised to meet expectations. Management continues to create value through strong operational performance, and the acquisition pipeline following the Nov-23 capital raise has been executed swiftly and effectively. ...
by Sean Culverwell | Dec 14, 2023 | Property
Key message: Sirius once again delivered strong operational and financial performance in 1H FY24, whilst concluding a significantly oversubscribed capital raise. While the dilution and interim cash drag from the capital raise will soften our near-term FFO per share...
by Sean Culverwell | Jun 13, 2023 | Property
Key message: Sirius delivered a credibly strong set of results for FY23 and continues to capture superior income growth in its core operating markets through its capex initiatives and pricing-led strategies. Defensive amidst uncertainty: while FY23 FFO growth...
by Sean Culverwell | Mar 2, 2023 | Property, Uncategorized
Key message: 2H FY23 performance is set to meet expectations and guidance. Overall, organic performance appears intact and the portfolio continues to reposition through investment and disposal activity. Trading in line with expectations: management has maintained...
by Sean Culverwell | Feb 28, 2023 | Property
Key message: NEPI Rockcastle’s FY22 results were excellent, with strong core operating performance from tenants as COVID restrictions were fully lifted and a resilient balance sheet that should underpin future inorganic growth. In our view, the strong run in the share...
by Sean Culverwell | Nov 29, 2022 | Property
Key message: Sirius is in significantly better operational and financial shape than its share price performance over 2022 suggests, in our view, despite a highly uncertain macro backdrop in its core operating markets. With conservative upgrades to our earnings...
