IRES REIT

Strong H1 2019 results

  • Sectors : REITs
  • Companies : IRES REIT

Ratings and price correct at time of issue.

  • IRES REIT

    Closing Price: 168c

  • RATING 08/05/15

  • PREVIOUS RATING N/A

DAVY VIEW

IRES has reported 18% year on year (yoy) growth in net rental income (NRI) in H1 2019. This has been driven by organic rent growth and acquisitions, which exclude the recent XVI transaction. Net asset value (NAV) came in slightly above our forecasts with modest movements in yields, and values continue to look conservative.

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Aug 9 2019, 07:10 IST/BST

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