IRES Reports Growth and Strategic Progress in FY 2025

Irish Residential Properties REIT plc (I-RES) has released its financial results for the year ending December 31, 2025, showcasing operational efficiency and strategic growth. Adjusted Earnings rose by 7.4% to €32.8 million, highlighting the asset recycling programme and sales exceeding book values. The net rental income (NRI) margin increased to 78.0%, driven by cost management. The IFRS NAV per share saw a 4.4% increase to 131.7 cents.

In 2025, the company executed a share buyback of €5 million and refinanced debt, converting to a sustainability-linked loan. Disposals of 41 units added €3.4 million against book value with a continued focus on reinvestment in higher-quality, high-yielding assets.

I-RES anticipates positive impacts from new rental regulations effective March 2026 while maintaining a low leverage level with an LTV of 43.6%. The company plans to enhance shareholder value through disciplined capital allocation, targeting a dividend increase of 19.9% to 4.89 cents per share.