Irish Residential Properties REIT plc delivered strong 2025 outcomes, swinging to a pretax revenue of €49.7 million from a €6.7 million loss the earlier 12 months. The corporate achieved this via €17 million in honest worth features on funding properties and operational efficiencies.4052
Key Monetary Highlights
Adjusted earnings excluding honest worth actions rose 7.4% to €32.8 million. Internet rental revenue elevated 1.9% to €66.7 million, with margins increasing to 78.0% from 76.8%. Adjusted EPRA EPS grew 2.3% to five.6 cents, whereas EPRA EPS climbed 16.0% to the identical determine.5237
IFRS NAV per share superior 4.4% to 131.7 cents, delivering a complete accounting return of 8.1%. Income from funding properties edged up 0.2% to €85.5 million.36
Robust Portfolio Metrics
The portfolio comprised 3,627 residential models valued at €1.247 billion, with occupancy regular at a near-perfect 99.5%. Common month-to-month hire rose 2.1% to €1,852. The corporate bought 41 models at a 25% premium to e-book worth, producing €3.4 million in features and supporting asset recycling efforts.3852
Internet LTV improved to 43.6% from 44.4%, bolstered by disposals, valuation uplift, and a €5 million share buyback of 5.1 million shares.37
Stability Sheet and Debt Administration
IRES refinanced its €500 million revolving credit score facility right into a five-year sustainability-linked mortgage, lowering weighted common curiosity prices to three.71%. Debt stays 85% hedged, with no maturities till 2027 and ample liquidity of €147.6 million undrawn.52
Dividend Improve and Outlook
Administrators proposed a closing dividend of two.53 cents per share, lifting the full-year payout to 4.89 cents—a 19.9% rise aligned with 85% of property revenue. Eddie Byrne, CEO, commented: “2025 marked a serious step ahead in I-RES’ operational and monetary efficiency… We enter 2026 with robust momentum.”52
Administration targets LTV of 40-45%, portfolio optimization through higher-yielding acquisitions, and advantages from new rental rules efficient March 2026.37
