Irish Residential Properties REIT Plc (IRES)

Overview

Irish Residential Properties REIT plc, alongside IRES Residential Properties Limited & IRES Fund Management Limited—collectively referred to as the Group—is a growth-oriented Real Estate Investment Trust (REIT). The Group's primary focus is on acquiring, holding, managing, and developing investments predominantly within the private residential rental sector in Ireland. Equipped with an expanding portfolio, the Group has successfully accrued 3,915 apartments and houses majorly situated in the urban locales of Dublin and Cork. Demonstrating a commitment to expansion, the Group is anticipating the delivery of an additional 91 units before the end of the first half of 2022, secured under pre-purchase contracts, with another 44 units anticipated in 2023. Beyond acquisitions, the Group is directly engaging in construction, with 61 units currently in development on owned land expected to be completed in H1 2022. Furthermore, it has obtained planning approval to develop an additional 543 residential units on its existing properties. The public trading of the Company’s shares is facilitated through Euronext Dublin, indicating a structured approach to investment and growth in the Irish real estate market.

Products and Services

• Private Residential Rentals: The core of the Group's portfolio comprises 3,915 apartments and houses located in Dublin and Cork. These properties offer a variety of living spaces designed to meet the needs of diverse tenants, emphasizing quality living accommodations in urban and suburban areas. The portfolio’s vast array of options caters to different segments of the market, from singles and professionals to families looking for long-term rental solutions.

• Development Projects: Beyond existing properties, the Group is actively involved in the development of new residential units. This includes the 91 units expected by mid-2022 under pre-purchase contracts, an additional 44 units in 2023, 61 units currently under construction for H1 2022 delivery, and a planned development of 543 residential units on owned sites. These projects represent the Group’s strong commitment to expanding its portfolio and the availability of high-quality rental accommodations in Ireland’s key urban centers.

• Real Estate Investment Opportunities: For investors looking to venture into the Irish real estate market, Irish Residential Properties REIT plc offers a tangible avenue through its listed shares on Euronext Dublin. This allows both individual and institutional investors to engage in Ireland’s residential real estate sector, benefiting from the Group’s growth-oriented strategy and its focus on high-potential urban residential areas.