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Davy Research

IRES REIT

Trading statement ahead of the AGM

May 3 2023, 09:30 IST/BST
Colin Grant
Company Report
5 page(s)

Sectors : Real Estate

Companies : IRES REIT

Ratings and price correct at time of issue.

IRES REIT

Closing Price: 102c
RATING 08/05/15
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Grant

Analyst

DAVY VIEW

IRES has issued a trading statement ahead of its AGM tomorrow (May 4th). Operating performance continues to be very strong. Capital recycling has led to a slight reduction in the loan-to-value (LTV). ESG credentials have improved, and investments in its digital operating platform are a major differentiator in the Irish private rental sector (PRS).

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May 3 2023, 09:30 IST/BST