Irish Residential Properties REIT Management

Management criteria checks 3/4

Irish Residential Properties REIT's CEO is Margaret Sweeney, appointed in Nov 2017, has a tenure of 6.5 years. total yearly compensation is €1.07M, comprised of 51.4% salary and 48.6% bonuses, including company stock and options. directly owns 0.11% of the company’s shares, worth €592.89K. The average tenure of the management team and the board of directors is 2.8 years and 4.4 years respectively.

Key information

Margaret Sweeney

Chief executive officer

€1.1m

Total compensation

CEO salary percentage	51.4%
CEO tenure	6.5yrs
CEO ownership	0.1%
Management average tenure	2.8yrs
Board average tenure	4.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Margaret Sweeney's remuneration changed compared to Irish Residential Properties REIT's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	€1m	€550k	-€116m
Sep 30 2023	n/a	n/a	-€97m
Jun 30 2023	n/a	n/a	-€79m
Mar 31 2023	n/a	n/a	-€45m
Dec 31 2022	€995k	€475k	-€12m
Sep 30 2022	n/a	n/a	€26m
Jun 30 2022	n/a	n/a	€63m
Mar 31 2022	n/a	n/a	€65m
Dec 31 2021	€1m	€400k	€68m
Sep 30 2021	n/a	n/a	€82m
Jun 30 2021	n/a	n/a	€97m
Mar 31 2021	n/a	n/a	€77m
Dec 31 2020	€632k	€400k	€58m
Sep 30 2020	n/a	n/a	€50m
Jun 30 2020	n/a	n/a	€41m
Mar 31 2020	n/a	n/a	€64m
Dec 31 2019	€1m	€400k	€86m
Sep 30 2019	n/a	n/a	€85m
Jun 30 2019	n/a	n/a	€84m
Mar 31 2019	n/a	n/a	€102m
Dec 31 2018	€730k	€330k	€120m
Sep 30 2018	n/a	n/a	€112m
Jun 30 2018	n/a	n/a	€104m
Mar 31 2018	n/a	n/a	€84m
Dec 31 2017	€183k	€58k	€65m

Compensation vs Market: Margaret's total compensation ($USD1.15M) is about average for companies of similar size in the UK market ($USD1.04M).

Compensation vs Earnings: Margaret's compensation has increased whilst the company is unprofitable.

CEO

Margaret Sweeney (63 yo)

6.5yrs

Tenure

€1,069,000

Compensation

Ms. Margaret Sweeney has been Independent Non-Executive Director to the Board of Bank of Ireland Group PLC and the Court of Directors of The Governor and Company of the Bank of Ireland with effect from Oct...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Margaret Sweeney	CEO & Executive Director	6.5yrs	€1.07m	0.11% € 592.9k
Brian Fagan	CFO & Executive Director	no data	€640.00k	0.038% € 200.3k
Eddie Byrne	CEO & Executive Director	no data	no data	no data
Alan Kavanagh	Managing Director of Operations	no data	no data	no data
Charles Coyle	Vice President of Investment and Asset Management	no data	no data	no data
Luke Ferriter	Head of Investor Relations	no data	no data	no data
Anna-Marie Curry	Company Secretary & General Counsel	2.8yrs	no data	0.0053% € 27.5k
Jodi Lieberman	Chief Human Resources Officer of CAPREIT	no data	no data	no data
Scott Cryer	Chief Financial Officer of CAPREIT	no data	no data	no data

2.8yrs

Average Tenure

57yo

Average Age

Experienced Management: 0QT8's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Margaret Sweeney	CEO & Executive Director	8.2yrs	€1.07m	0.11% € 592.9k
Brian Fagan	CFO & Executive Director	2.1yrs	€640.00k	0.038% € 200.3k
Eddie Byrne	CEO & Executive Director	no data	no data	no data
Hugh Scott-Barrett	Independent Non-Executive Chairman	1.7yrs	€65.00k	0.0076% € 39.5k
Phillip Burns	Non-Independent Non-Executive Director	8.2yrs	€65.00k	no data
Denise Turner	Independent Non-Executive Director	less than a year	€43.00k	0.0079% € 41.2k
Joan Garahy	Senior Independent Director	7.1yrs	€100.00k	0.0066% € 34.5k
Declan Moylan	Independent Non-Executive Director	10.2yrs	€170.00k	0.028% € 148.3k
Stefanie Frensch	Independent Non-Executive Director	2.8yrs	€82.00k	0.0057% € 29.6k
Tom Kavanagh	Independent Non-Executive Director	5.9yrs	€90.00k	0.015% € 80.2k

4.4yrs

Average Tenure

58.5yo

Average Age

Experienced Board: 0QT8's board of directors are considered experienced (4.4 years average tenure).

Irish Residential Properties REIT Management

Management criteria checks 3/4

Key information

Recent management updates

Irish Residential Properties REIT Plc, Annual General Meeting, May 02, 2024

Irish Residential Property REIT Announces Chief Executive Officer Changes

Irish Residential Properties REIT Plc Announces Board Changes

Irish Residential Properties REIT Plc Announces Board Changes

Irish Residential Properties REIT Plc Announces Retirement of Margaret Sweeney as Chief Executive

Irish Residential Properties REIT plc Appoints Hugh Scott-Barrett as Non-Executive Director on September 29, 2022

Recent updates

Irish Residential Properties REIT Plc, Annual General Meeting, May 02, 2024

Irish Residential Property REIT Announces Chief Executive Officer Changes

Upcoming dividend of €0.02 per share

Final dividend of €0.02 announced

Full year 2023 earnings released: €0.22 loss per share (vs €0.022 loss in FY 2022)

New major risk - Revenue and earnings growth

New minor risk - Financial data availability

Vision Capital Pushes to Break Up or Sell Irish Residential Properties REIT Plc

Vision Outlines its Objections to The ISS Report

Vision Capital Rejects Claims Ires Board Nominees Are Not Independent

Vision Capital Acknowledges Support from Canadian Apartment Properties

Vision Capital Issues a Response to Irish Residential Properties REIT's Circular

Irish Residential Properties REIT Plc Announces Board Changes

Irish Residential Properties REIT Plc Announces Board Changes

Irish Residential Properties REIT Plc to Report Fiscal Year 2023 Results on Feb 23, 2024

New major risk - Revenue and earnings growth

Irish Residential Properties REIT Plc Announces Retirement of Margaret Sweeney as Chief Executive

New major risk - Revenue and earnings growth

New major risk - Revenue and earnings growth

First half 2023 earnings released: €0.083 loss per share (vs €0.043 profit in 1H 2022)

Tuath Housing Association entered into an agreement to acquire 194 residential units in West Dublin from Irish Residential Properties REIT Plc (ISE:IRES) for €72.1 million.

Irish Residential Properties REIT Plc Declares Dividend for the Period Ended 30 June 2023, Payable on 1 September 2023

Irish Residential Properties REIT Plc to Report First Half, 2023 Results on Aug 03, 2023

Full year 2022 earnings released: €0.022 loss per share (vs €0.13 profit in FY 2021)

Full year 2022 earnings released: €0.022 loss per share (vs €0.13 profit in FY 2021)

Irish Residential Properties REIT Plc to Report Fiscal Year 2022 Results on Feb 24, 2023

Irish Residential Properties REIT plc Appoints Hugh Scott-Barrett as Non-Executive Director on September 29, 2022

Irish Residential Properties REIT Plc (ISE:IRES) acquired 69 new residential homes at Tara View, Dublin 4 from DHGL Limited for €47.1 million.

First half 2022 earnings released

Now 20% undervalued after recent price drop

Irish Residential Properties REIT Plc to Report First Half, 2022 Results on Aug 11, 2022

Full year 2021 earnings released: EPS: €0.13 (vs €0.11 in FY 2020)

Irish Residential Properties REIT Plc, Annual General Meeting, May 19, 2022

Irish Residential Properties REIT Plc Appoints Brian Fagan as Executive Director

Now 21% undervalued after recent price drop

Key Executive recently bought €115k worth of stock

Full year 2021 earnings: Revenues and EPS in line with analyst expectations

Irish Residential Properties REIT Plc Declares Dividend for the Period Ended December 31, 2021, Payable on March 29, 2022

Irish Residential Properties REIT Plc (ISE:IRES) agreed to acquire Portfolio of residential apartments in Dublin.

Irish Residential Properties REIT Plc (ISE:IRES) agreed to acquire Portfolio of residential apartments in Dublin.

Upcoming dividend of €0.029 per share

First half 2021 earnings released: EPS €0.052 (vs €0.021 loss in 1H 2020)

Non-Independent Non-Executive Director Mark Kenney has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

General Counsel & Corporate Secretary of CAPREIT Corinne Pruzanski has left the company

Upcoming Dividend of €0.032 Per Share

Full year 2020 earnings released: EPS €0.11 (vs €0.18 in FY 2019)

Full year 2020 earnings released: EPS €0.11 (vs €0.18 in FY 2019)

Revenue misses expectations

New 90-day high: €1.53

Irish Residential Properties REIT Plc, Annual General Meeting, May 11, 2021

Irish Residential Properties REIT Plc (ISE:IRES) completed the acquisition of 146 Residential Units in Dublin from Flynn & O'flaherty Unlimited Company.

Irish Residential Properties REIT Plc to Report Fiscal Year 2020 Results on Feb 19, 2021

Irish Residential Properties REIT Plc (ISE:IRES) agreed to acquire 146 Residential Units in Dublin from Flynn & O'flaherty Unlimited Company for €60 million.

An unknow fund managed by Orange Capital Partners acquired 151 Apartments in Dublin from Irish Residential Properties REIT Plc (ISE:IRES) for €48 million.

New 90-day low: €1.32

New 90-day low - €1.36