Ires Reit sees 30% jump in rental income through portfolio growth

Also, Hibernia REIT has announced plans to buy back €25 million in shares.
Ires Reit sees 30% jump in rental income through portfolio growth

The company operates 41 buildings in Dublin and one in Cork. Picture: iStock

Fri, 07 Aug, 2020 - 16:29
Alan Healy

Net rental income grew more than 30% from €22.7 million last year to €29.6 million as of June 30. This was largely due to acquisitions in the 12 months from July 2019 and organic rental growth.

The company now operates 41 buildings in Dublin and one in Cork.

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