Sirius Real Estate to pay final dividend

Sirius Real Estate said it was paying a final dividend as May rent collections were in line with April's 98.8% of normal working practice.

The Germany-focused business parks owner said it would pay a final dividend per share of 1.80 cents for a total 3.57 cents as full year pre-tax profits fell to €110m from €144.7m.

Sirius said it finalised 130 new lettings in May, compared with 119 in April. Funds from operations increased 15% to €55m, with net asset value per share increasing 9% to 77.35 cents.