Irish Residential Properties REIT (GB:0QT8) has released an update.
Irish Residential Properties REIT plc (I-RES) has concluded its strategic review, deciding against selling the company or its assets due to unfavorable market conditions, including higher interest rates and regulatory challenges. The review highlighted the potential for I-RES to consolidate its market-leading position in the under-supplied Irish PRS market, with significant opportunities expected in the short to medium term. Additionally, I-RES has identified operational and asset management initiatives to enhance value, such as selective asset recycling, which has already begun to generate sales proceeds above book value.
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