Shares boost for property firm Ires Reit as rents rise

Shares in Ires Reit rose as the country’s largest private housing landlord predicted “significant” demand for the 800 additional rental homes it plans to bring to the market, in which rents continue to climb.

Ires gained 1.5% as it unveiled “a strong pipeline” of new properties in its 2018 earnings report. It plans to pay an additional dividend of 3c, which means its total payout for 2018 will be 5.6c.