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Aug 8 2025, 07:10 IST/BST
IRES REIT
Operational quality drives positive H1 result
- Sectors : Real Estate
- Companies : IRES REIT
DAVY VIEW
A material margin beat in H1 (78.0% versus Davy at 76.8%) and better-than-expected disposal profits (€1.5m) have driven a positive earnings surprise at IRES. Net asset value (NAV) at end-June is in line with our expectation (126.9c) as a small increase in yields offset the operational outperformance. The business remains well placed for the medium term.
