Trading Update and Notice of Results
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Sunday, January 22, 2023
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Irish Residential Properties REIT plc (the "Company" or "IRES"), Ireland’s largest provider of private rental accommodation with a portfolio of 3,938 homes, today provides an update on trading for the year ended 31 December 2022 ahead of the publication of its full year results on Friday 24 February 2023.
Key Points:
- Irish Residential Properties REIT plc (the "Company" or "IRES"), Ireland’s largest provider of private rental accommodation with a portfolio of 3,938 homes, today provides an update on trading for the year ended 31 December 2022 ahead of the publication of its full year results on Friday 24 February 2023.
- Demand for IRES properties continues to far outstrip supply, with occupancy of 99.4% as at 31 December 2022, (99.1% at 31 December 2021).
- The Company retains its strong financial position, with a robust balance sheet and ample liquidity.
- The underlying business maintained a strong performance during the second half of the year amid a challenging market environment.