Irish Residential Properties REIT plc (together with IRES Residential Properties Limited & IRES Fund Management Limited, the "Group") is a growth oriented Real Estate Investment Trust that is focused on acquiring, holding, managing and developing investments primarily focused on private residential rental accommodations in Ireland. The Group currently owns 3,915 apartments and houses for private rental in Dublin and Cork with an additional 91 units due for delivery before the end of H1 2022 under pre-purchase contracts and a further 44 units in 2023. The Company has a further 61 units currently under construction directly on owned sites due in H1 2022 and has planning approval to develop an additional 543 residential units on its existing sites. The Company's shares are listed on Euronext Dublin.
Metrics to compare | IRES | Sector Sector - Average of metrics from a broad group of related Real Estate sector companies | Relationship RelationshipIRESPeersSector | |
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P/E Ratio | −5.3x | 10.5x | 7.4x | |
PEG Ratio | 0.30 | −0.26 | 0.01 | |
Price/Book | 0.7x | 0.8x | 0.9x | |
Price / LTM Sales | 5.7x | 6.9x | 4.0x | |
Upside (Analyst Target) | 35.1% | 26.1% | 17.8% | |
Fair Value Upside | Unlock | −9.0% | 1.2% | Unlock |