IRES REIT

Undervalued, financially strong with structural growth opportunities

  • Sep 15 2023, 07:00 IST/BST
  • Colin Grant
  • Company Report
  • 22 page(s)
  • Sectors : Real Estate
  • Companies : IRES REIT

Ratings and price correct at time of issue.

  • IRES REIT

    Closing Price: 99.2c

  • RATING 08/05/15

  • PREVIOUS RATING N/A

DAVY VIEW

IRES has traded to levels where we see an opportunity. The implied gross passing and reversionary yields are attractive, and the recent disposals have materially strengthened the balance sheet. The structural imbalance in the Irish rental market continues and is likely to provide growth opportunities over time.

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Sep 15 2023, 07:00 IST/BST

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