Trading Update - Seite 2

Eddie Byrne, CEO of I-RES, commented:

 

“I-RES has continued its momentum from 2023 into the first quarter of 2024, delivering another strong operational performance.  Occupancy rates across our portfolio continue to be in excess of 99%, demonstrating the high-quality nature of our assets in attractive locations, and driven by our market leading digital operating platform. We continue to believe the medium-term outlook for both the PRS sector in Ireland and the I-RES portfolio remains positive, underpinned by strong levels of demand which far outstrip supply. We are continuing to conduct a thorough and comprehensive Strategic Review at pace, which is attempting to unlock the inherent value contained with the I-RES operating platform and maximise value for shareholders”.

 

1 LTV is based on portfolio valuation as at 31 December 2023

 

END

For further information please contact:

For Investor Relations at Irish Residential Properties REIT plc:

Luke Ferriter, Investor Relations [e-mail]  Tel: [phone]

Eddie Byrne, Chief Executive Officer Tel: [phone]

For Media Queries:

Padraig McKeon, I-RES PR and Communications Tel: + 353 (0) 87 231 2632

Jonathan Neilan, FTI Consulting [e-mail]  Tel: [phone]

 

About Irish Residential Properties REIT plc

Irish Residential Properties REIT plc (“I-RES”) is a growth oriented Real Estate Investment Trust providing quality professionally managed homes in sustainable communities in Ireland. The Group owns 3,734 apartments and houses for private rental in Dublin and Cork. I-RES aims to be the provider of choice for the Irish living sector, known for excellent service and for operating responsibly, minimising its environmental impact, and maximising its contribution to the community. The Company's shares are listed on Euronext Dublin. Further information at www.iresreit.ie.