IRES REIT

Acquisition reflects shift in growth profile

  • Sectors : Real Estate
  • Companies : IRES REIT

Ratings and price correct at time of issue.

  • IRES REIT

    Closing Price: 142c

  • RATING 08/05/15

  • PREVIOUS RATING N/A

DAVY VIEW

IRES REIT has announced the purchase of 146 high-quality completed units in Dublin for €60m. The deal will be debt financed and results in c.5% upgrades to EPS and dividends from 2021 onwards. After prudently navigating the business through COVID-19, the company's growth profile has shifted into a higher gear.

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Dec 14 2020, 07:15 GMT

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