Irish Residential Properties REIT Plc is a real estate investment trust (REIT) specializing in the ownership, management, and development of multi-unit residential properties across Ireland, with a primary focus on Dublin and other urban centers. As Ireland's largest private landlord, it oversees a high-quality portfolio of modern, sustainable homes in established communities, achieving near-full occupancy rates, such as 99.4% at the end of 2024. The company generates revenue mainly from rental income, while complying with Irish regulations including rent pressure zones and adhering to professional property management standards. Notable features include a robust balance sheet with a net loan-to-value ratio around 44%, no debt maturities until 2026, and a weighted average interest cost of 3.79%, enabling stable financing through 2032. Founded in 2014 and having internalized its management structure in 2022, Irish Residential Properties REIT Plc employs approximately 98 staff and emphasizes environmental responsibility, community contributions, and operational efficiency. It plays a key role in the Irish private rental sector, addressing strong housing demand through asset management and development strategies.
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