Strategic Review Concluded by Irish Residential Properties REIT

Irish Residential Properties REIT plc (I-RES) has completed its Strategic Review. The Board of Directors has decided that liquidating or selling the company is unlikely to maximize shareholder value given current market conditions. Despite thorough market testing, no acquisition proposals were received.

I-RES aims to become a key player in an undersupplied Irish PRS market. The company’s position is bolstered by increasing exits of micro landlords and high demand for rental units in the Dublin area. I-RES plans to capitalize on consolidation opportunities and joint ventures.

The company plans to generate value through selected asset sales, with disposals projected to yield €110-115 million. These proceeds will be used to reduce debt and fund growth initiatives. Further efficiencies are expected by optimizing operational costs and generating supplementary revenues, including leveraging underutilized parking facilities.

I-RES will continue to engage with Irish authorities to advocate for regulatory changes that support market growth. The company's current structure offers strategic advantages, but the Board seeks improvements to align with other European REIT frameworks.

The board remains open to future acquisition proposals and will maintain a focus on maximizing shareholder value through identified strategic initiatives.