on Irish Residential Properties REIT Plc (isin : IE00BJ34P519)
Irish Residential Properties REIT Reports Strong Q3 Performance
Irish Residential Properties REIT plc (IRES), Ireland's largest private rental provider, released its Q3 trading update, revealing a stable occupancy rate of 99.5% as of September 30, 2025. This reflects the high demand for rental properties in Dublin and the quality of IRES's offerings.
Despite the asset recycling program's impact, IRES maintains a robust Net Rental Income (NRI) margin in line with the year's start. The company's strong financial standing is reinforced by a reduced Loan-to-Value ratio of 44.8%.
The asset recycling strategy continues to perform well, with sales exceeding expectations. Regulatory changes anticipated for March 2026 are likely to boost market liquidity and growth opportunities.
IRES converted its €500m credit facility into a Sustainability Linked Loan, backing its focus on sustainability. CEO Eddie Byrne highlighted the successful recycling program and regulatory improvements as key growth drivers.
R. H.
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