Irish Residential Properties REIT Plc or IRES is a multi-unit residential letting company and

REIT A real estate investment trust (REIT) is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, including office and apartment buildings, warehouses, hospitals, shopping ce ...

focused on the Dublin property market and that of other major Irish urban centres. It is listed on

Euronext Dublin Euronext Dublin (formerly The Irish Stock Exchange, ISE; ga, Stocmhalartán na hÉireann) is Ireland's main stock exchange, and has been in existence since 1793. The Euronext Dublin lists debt and fund securities and is used as a European g ...

and is a constituent member of the

ISEQ 20 The ISEQ 20 is a benchmark stock market index composed of companies that trade on Euronext Dublin. The index comprises the 20 companies with the highest trading volume and market capitalisation contained within the ISEQ Overall Index. The index w ...

with a market capitalisation of €873m as of 31 January 2020. It has a secondary listing on the

London Stock Exchange London Stock Exchange (LSE) is a stock exchange in the City of London, England, United Kingdom. , the total market value of all companies trading on LSE was £3.9 trillion. Its current premises are situated in Paternoster Square close to St P ...

. IRES was floated on the Irish Stock Exchange in April 2014 and was funded largely by the Canadian listed company CAP REIT. IRES continues to be externally managed by certain subsidiaries of CAP REIT (). IRES is Ireland's largest private landlord with over 3,884 units under its ownership as of January 2020. After Hibernia REIT was taken over by

Brookfield Asset Management Brookfield Asset Management Inc. is a Canadian multinational company that is one of the world's largest alternative investment management companies, with over US$725 billion of assets under management in 2022. It focuses on direct contro ...

in June 2022, IRES was the final Irish REIT to remain a publicly listed company.

Controversy

In July 2017, a number of politicians and political activists including

Mick Wallace Michael Wallace (born 9 November 1955) is an Irish politician and former property developer who has been a Member of the European Parliament (MEP) from Ireland for the South constituency since July 2019. He is a member of Independents 4 Change, ...

Eoin Ó Broin Eoin Ó Broin (; born 1972) is an Irish Sinn Féin politician and writer who has been a Teachta Dála (TD) for Dublin Mid-West constituency since the 2016 general election. Background Ó Broin is from Cabinteely, County Dublin. He was educat ...

and

Clare Daly Clare Daly (born 16 April 1968) is an Irish politician who has been a Member of the European Parliament (MEP) from Ireland for the Dublin constituency since July 2019. She is a member of Independents 4 Change, part of The Left in the European P ...

protested about escalating rents and the opening of a new development at the Maples in Sandyford outside the head offices of IRES in

Grand Canal Dock Grand Canal Dock () is a Southside area near the city centre of Dublin, Ireland. It is located on the border of eastern Dublin 2 and the westernmost part of Ringsend in Dublin 4, surrounding the Grand Canal Docks, an enclosed harbour where the ...

, Dublin.

References

Real estate companies of Ireland Irish companies established in 2014 Companies listed on Euronext Dublin Companies based in Dublin (city) Property companies of Ireland {{Ireland-company-stub