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Davy Research

IRES REIT

Completion of disposals

Oct 3 2023, 08:15 IST/BST
Colin Grant
Company Report
6 page(s)

Sectors : Real Estate

Companies : IRES REIT

Ratings and price correct at time of issue.

IRES REIT

Closing Price: 92.2c
RATING 08/05/15
OUTPERFORM
PREVIOUS RATING N/A

Colin Grant

Analyst

DAVY VIEW

IRES REIT has announced the successful completion of its previously announced disposals ahead of schedule. It has also completed two additional sales at Tara View. This is positive and supports our loan-to-value (LTV) forecasts. The balance sheet has been materially strengthened and the stock is trading below fair value.

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Oct 3 2023, 08:15 IST/BST

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IRES REIT

Completion of disposals

IRES REIT

RATING 08/05/15

Colin Grant

DAVY VIEW

Download full report with analyst certification and important disclosures