Private landlord Ires Reit reports almost €50m pre-tax profit

Company said margin expansion and unit disposals helped it return to profit in 2025

The group said its profit before tax of €49.7m, versus a loss of €6.7m in 2024, was driven by an improved operational performance and stabilised valuation yields in 2025. 

Full occupancy and further margin expansion saw the State's largest private residential landlord Irish Residential Properties (Ires) Reit return to profit last year, the company said on Thursday.

Publishing its preliminary results for 2025, the company welcomed the success of its asset recycling programme in generating sales premia significantly ahead of book values.