IRES REIT

H1 results show strong progress with more to come

  • Sectors : Real Estate
  • Companies : IRES REIT

Ratings and price correct at time of issue.

  • IRES REIT

    Closing Price: 158c

  • RATING 08/05/15

  • PREVIOUS RATING N/A

DAVY VIEW

IRES’ interim results reflect EPRA EPS of 3.6c on an underlying basis, which is up 4% year-on-year (yoy) and above our forecast. EPRA NTA moved higher by 1.7% in H1. The company has announced that it is internalising management with effect from January 31st 2022 and has guided that this will be earnings accretive.

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Aug 6 2021, 07:10 IST/BST

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