Irish Residential Properties REIT plc, is a leading Irish Real Estate Investment Trust ("REIT") listed on Euronext Dublin.
+ 1 more risk
Good value second-rate dividend payer.
Share Price & News
How has Irish Residential Properties REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: IRES has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: IRES underperformed the Irish REITs industry which returned 11.8% over the past year.
Return vs Market: IRES underperformed the Irish Market which returned 9% over the past year.
Price Volatility Vs. Market
How volatile is Irish Residential Properties REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 months ago | Simply Wall StHow Much Of Irish Residential Properties REIT Plc (ISE:IRES) Do Institutions Own?
5 months ago | Simply Wall StHow Many Irish Residential Properties REIT Plc (ISE:IRES) Shares Did Insiders Buy, In The Last Year?
7 months ago | Simply Wall StWhat Kind Of Shareholders Own Irish Residential Properties REIT Plc (ISE:IRES)?
Is Irish Residential Properties REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: IRES (€1.59) is trading below our estimate of fair value (€1.8)
Significantly Below Fair Value: IRES is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: IRES is good value based on its PE Ratio (8.8x) compared to the REITs industry average (14.4x).
PE vs Market: IRES is good value based on its PE Ratio (8.8x) compared to the Irish market (12.7x).
Price to Earnings Growth Ratio
PEG Ratio: IRES's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: IRES is good value based on its PB Ratio (1x) compared to the XE REITs industry average (1x).
How is Irish Residential Properties REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: IRES's earnings are forecast to decline over the next 3 years (-1.2% per year).
Earnings vs Market: IRES's earnings are forecast to decline over the next 3 years (-1.2% per year).
High Growth Earnings: IRES's earnings are forecast to decline over the next 3 years.
Revenue vs Market: IRES's revenue (14% per year) is forecast to grow faster than the Irish market (4% per year).
High Growth Revenue: IRES's revenue (14% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: IRES's Return on Equity is forecast to be low in 3 years time (6%).
How has Irish Residential Properties REIT performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: IRES has a large one-off gain of €56.2M impacting its December 31 2019 financial results.
Growing Profit Margin: IRES's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: IRES's earnings have grown significantly by 33% per year over the past 5 years.
Accelerating Growth: IRES's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: IRES had negative earnings growth (-28%) over the past year, making it difficult to compare to the REITs industry average (13.9%).
Return on Equity
High ROE: IRES's Return on Equity (10.6%) is considered low.
Return on Assets
Return on Capital Employed
How is Irish Residential Properties REIT's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: IRES has a high level of physical assets or inventory.
Debt Coverage by Assets: IRES's debt is not covered by short term assets (assets are 0x debt).
Financial Institutions Analysis
Asset Level: IRES's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if IRES has a sufficient allowance for bad loans.
Low Risk Liabilities: IRES reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if IRES has an acceptable proportion of non-loan assets held.
Low Risk Deposits: IRES has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if IRES has an appropriate level of bad loans.
What is Irish Residential Properties REIT's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: IRES's dividend (4.33%) is higher than the bottom 25% of dividend payers in the Irish market (2.33%).
High Dividend: IRES's dividend (4.33%) is low compared to the top 25% of dividend payers in the Irish market (4.72%).
Stability and Growth of Payments
Stable Dividend: IRES has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: IRES's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (32.1%), IRES's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IRES's dividends in 3 years are forecast to be thoroughly covered by earnings (0.2% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Margaret Sweeney (59yo)
Ms. Margaret Sweeney served as the Chief Executive Officer at Postbank Ireland Limited. Ms. Sweeney has worked in Ireland and overseas with international shareholders, business partners and funders. Ms. Sw ...
CEO Compensation Analysis
Compensation vs Market: Margaret's total compensation ($USD739.77K) is about average for companies of similar size in the Irish market ($USD1.05M).
Compensation vs Earnings: Margaret's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO, Head of Investor Relations & Executive Director||2.3yrs||€680.00k||0.027% €222.3k|
|Non-Executive Director||3.9yrs||no data||no data|
|Non-Executive Director||1.1yrs||no data||no data|
|Senior Independent Director||5.9yrs||no data||0.036% €297.3k|
|Independent Non-Executive Director||2.8yrs||no data||0.0067% €55.5k|
|Independent Non-Executive Chairman||2.9yrs||no data||0.029% €238.8k|
|Independent Non-Executive Director||1.7yrs||no data||0.016% €129.1k|
Experienced Board: IRES's board of directors are not considered experienced ( 2.9 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 12%.
Irish Residential Properties REIT Plc's company bio, employee growth, exchange listings and data sources
- Name: Irish Residential Properties REIT Plc
- Ticker: IRES
- Exchange: ISE
- Industry: Residential REITs
- Sector: Real Estate
- Market Cap: €830.513m
- Shares outstanding: 521.68m
- Website: https://www.iresreit.ie
Number of Employees
- Irish Residential Properties REIT Plc
- Unit 4B
- Lazer Lane
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|IRES||ISE (Irish Stock Exchange)||Yes||Ordinary Shares||IE||EUR||Apr 2014|
|0QT8||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||EUR||Apr 2014|
|RSHP.F||OTCPK (Pink Sheets LLC)||Yes||Ordinary Shares||US||USD||Apr 2014|
|IRESI||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||EUR||Apr 2014|
Irish Residential Properties REIT plc, is a leading Irish Real Estate Investment Trust ("REIT") listed on Euronext Dublin. The Company is the first REIT established in Ireland primarily focused on residential rental accommodations. The Company will continue to seek to acquire, hold, manage and develop investments primarily focused on residential rental accommodations in Ireland. The Company currently owns 3,692 residential units with an additional 193 units due for delivery between now and 2021 under pre-purchase contracts. The Company also has planning approval to develop an additional 627 residential units on its existing sites.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 23:02|
|End of Day Share Price||2020/02/26 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.