IRES REIT

Acceleration in growth profile

  • Jul 16 2019, 06:30 IST/BST
  • Colin Grant
  • Company Report
  • 32 page(s)
  • Sectors : Real Estate
  • Companies : IRES REIT

Ratings and price correct at time of issue.

  • IRES REIT

    Closing Price: 174c

  • RATING 08/05/15

  • PREVIOUS RATING N/A

DAVY VIEW

IRES’ acquisition of the Marathon XVI portfolio and associated capital raise is transformational. The deal is immediately accretive and has led to a step-change in the EPS growth rate, which is likely to drive a re-rating in the valuation. Management’s appetite for growth in Ireland’s nascent private rented sector (PRS) market is clear.

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Jul 16 2019, 06:30 IST/BST

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