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Davy Research

IRES REIT

FY results reflect the resilience of the business

Feb 19 2021, 07:15 GMT
Colin Grant
Company Report
6 page(s)

Sectors : REITs

Companies : IRES REIT

Ratings and price correct at time of issue.

IRES REIT

Closing Price: 152c
RATING 08/05/15
OUTPERFORM
PREVIOUS RATING N/A

Colin Grant

Analyst

DAVY VIEW

IRES has reported FY2020 results that are above our forecasts. They reflect a significant improvement in earnings metrics and asset valuations in the second half with full year numbers also up year-on-year despite COVID-19. This has proven the resilience of IRES and the mid-market segment of the Irish rental market.

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Feb 19 2021, 07:15 GMT

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IRES REIT

FY results reflect the resilience of the business

IRES REIT

RATING 08/05/15

Colin Grant

DAVY VIEW

Download full report with analyst certification and important disclosures