Davy Research

IRES REIT (IRES.I, IRES ID)

  • 613.4
  • 417.3
  • 85.1

Company Profile

The Irish Residential Properties REIT (IRES REIT) is a growth-oriented real estate investment trust focused on building a portfolio of multi-unit residential real estate and strategically placed commercial property for the purposes of rental income located principally in major urban centres across Ireland. Listed in April 2014, IRES REIT raised €200m gross from its IPO and has since invested €307m in assembling a portfolio of 1,204 units across ten properties in Dublin. It is backed and managed by CAPREIT, a growth-oriented investment trust owning interests in 41,555 residential units and one of Canada's largest residential landlords.


Major Shareholders%
CAPREIT15.7
Franklin Templeton11.9
Setanta Asset Mgmt10.9
Irish Life Investment Mgrs6.0
Lansdowne Partners5.4
  • IRES REIT

    Closing Price (c): 147.0

  • RATING 08/05/15

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Analyst(S)

COMPANY DATA

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