Ires Reit posts 'strong' performance as occupancy levels reach 99.7%

Rise in occupancy levels was underpinned by "exceptional demand for rental accommodation in Ireland"

Disposals under the company’s strategic review also advanced, the group said on Thursday, with the sale of 13 units previously in the pipeline completed at "strong" premiums to book value. Photograph: Sam Boal / RollingNews.ie

Ires Reit, the state’s largest private landlord, said it continued to deliver a strong operational performance in the first three months of 2025, maintaining near full occupancy and making continued progress on its asset disposal programme.

The group reported an occupancy rate of 99.7% for the three months ending on March 31, up from 99.4% at the end of 2024, thanks to "exceptional demand for rental accommodation in Ireland."