Berenberg Keeps Sirius Real Estate at Buy Amid Expected Boost from Germany's Fiscal Stimulus

08:49 AM EST, 12/16/2025 (MT Newswires) -- Berenberg reiterated its buy rating on Sirius Real Estate (SRE.L, SRE.JO) as increasing domestic manufacturing orders in Germany bolster expectations that the company will benefit from the country's planned fiscal stimulus. "With Sirius's asset base being over-75% exposed to Germany, and the company focused on further investment in Germany through 2026, the improving economic data gives us confidence to nudge our previously below-consensus funds from operations (FFO) forecasts higher in both FY27 and FY28 (by c1%) on our expectation of a stronger performance from Sirius's German business than we had previously forecast," the research firm said Tuesday. Analysts reaffirmed the buy rating on the stock and price target of 1.33 pounds sterling, highlighting the company's "attractive" valuation. Berenberg sees Sirius as well-positioned to capture incremental demand from the German government's fiscal push, allowing it to reach its 133 million-euro funds from operations target for fiscal 2026.