IRES REIT

H1 2024 results and conclusion of strategic review

  • Sectors : Real Estate
  • Companies : IRES REIT

Ratings and price correct at time of issue.

  • IRES REIT

    Closing Price: 92.2c

  • RATING 08/05/15

  • PREVIOUS RATING N/A

Person's Name

Colin Grant

Analyst

DAVY VIEW

IRES’ H1 2024 results reflect strong underlying EPRA earnings. A 4% decline in EPRA NTA was driven by yield expansion, which has moderated. The balance sheet remains strong. The strategic review has confirmed that a sale would be unlikely to deliver value, and it has identified several positive initiatives.

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Aug 8 2024, 07:43 IST/BST

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