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Irish Residential Properties REIT ( (GB:0QT8) ) has provided an update.
Irish Residential Properties REIT plc has announced the launch of a share buyback program, with a budget of up to €5 million, to reduce its share capital. The program, managed by J&E Davy, will run until May 31, 2025, and will involve purchasing shares on Euronext Dublin. This move is part of I-RES’s strategy to enhance shareholder value and optimize its capital structure, although there is no guarantee that the full amount will be utilized or that shares will be repurchased.
More about Irish Residential Properties REIT
Irish Residential Properties REIT plc (I-RES) is a growth-oriented Real Estate Investment Trust that provides quality, professionally managed homes in sustainable communities across Ireland. The company aims to be the provider of choice in the Irish living sector, known for excellent service, responsible operations, minimal environmental impact, and significant community contributions. I-RES’s shares are listed on Euronext Dublin.
YTD Price Performance: 2.25%
Average Trading Volume: 246,530
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €481.9M
For detailed information about 0QT8 stock, go to TipRanks’ Stock Analysis page.