Irish Residential Properties Reit Plc · EURONEXT:IRES
Irish Residential Properties Reit — H1 2026 Earnings Presentation
23 slides from Irish Residential Properties Reit's earnings presentation, Aug 14, 2026
Slide 1: Interim Results
Irish Residential Properties REIT plc Investor Presentation 2026 Interim Results Six months to 30 June 2026
Slide 2: Disclaimer
Disclaimer Cautionary Statements This presentation has been prepared by Irish Residential otherwise) for any loss howsoever arising from any use rate of return. Properties REIT PLC (the “Company” or “I-RES”) for of this presentation or its contents or otherwise arising in To the extent indicated, ce
Slide 3: Agenda
Agenda 01 Results Highlights 02 Operational Performance 03 Financial Performance 04 Outlook 05 Appendix 3 I-RES
Slide 4: H1 2026 financial highlights
H1 2026 financial highlights Strong operational and strategic delivery drives earnings growth and shareholder returns +2.1% 78.1% +6.2% +5.8% Like for like rental growth1 NRI margin2 +10bps v.s Adj. earnings growth2,3 EPRA EPS growth2 H1 2025 +0.3% H1 2025 78.0% 6.8% 2.5c 5.2% 42.6% Total accounting
Slide 5: H1 2026 operational and strategic highlights
H1 2026 operational and strategic highlights Continued strong progress against operational and strategic objectives 3,611 20% 6% €1,884 Number of units owned1 Porfoltio reversion1 Portfolio turnover rate2 Portfolio average monthly rent1 99.4% 99%+ 18 77 Occupancy levels1 Collection rates Units dispo
Slide 6: Operational Performance
02 Operational Performance Eddie Byrne Chief Executive Officer
Slide 7: Harbour Gate, Naas Forward Purchase Agreement
Harbour Gate, Naas Forward Purchase Agreement1 €31.75m net price, 5.25% implied net initial yield CGI Render of Internal Courtyard 77 high-quality homes New-build NZEB rated apartments and duplexes Attractive location Affluent Naas catchment with strong employers, M7 access and rail connections to D
Slide 8: Re-Brand complete
Re-Brand complete Strengthening the resident-facing operating platform Updated I-RES Living branding creates a consistent resident-facing presence across leasing, compliance, resident accounts, technical services and estate / OMC communications Draws a clearer line between corporate I-RES and the “L
Slide 9: Regulatory landscape
Regulatory landscape Improving regulatory backdrop with new rent regulations in place from 1 March 2026 Key changes Detail Impact Rent − Rent resetting allowed for new tenancies from 1st March 2026 − I-RES has begun releasing rental income reversion across the resetting − New leases signed from 1st
Slide 10: Financial Performance
03 Financial Performance Mari Hurley Chief Financial Officer
Slide 11: Growth delivered through continued operational excellence in H1 2026
Growth delivered through continued operational excellence in H1 2026 Income Statement €m1 30 June 2026 30 June 2025 Change % Unit count at period end Earnings growth achieved through: 3,611 3,652 (1.1%) Revenue 43.1 42.6 1.1% Organic rental growth & initial impact of new rent regime NRI margin % 78.
Slide 12: Balance sheet strength and disciplined capital allocation
Balance sheet strength and disciplined capital allocation Highlights Portfolio value increased 2.4% to €1,277m, fair value changes supported by organic rental growth and asset performance, partly offset by disposals. EPRA NTA per share (cents) Yields remained stable, with EPRA NIY at 5.2% and weight
Slide 13: Executing on asset recycling strategy
Executing on asset recycling strategy Driving shareholder value The What we have Looking strategy achieved so far ahead Optimising €42m 125 77 20 Total proceeds Total units Units under Units held for sale Portfolio Mix to date disposed Forward Purchase at period end Contract (Naas) Enhancing locatio
Slide 14: Building a sustainable and responsible business
Building a sustainable and responsible business Modern portfolio enabling lower capex spend with margin savings achieved in H1 2026 on SLL Sustainability Strategic Pillars Operating responsibly Protecting the environment Building communities − Converted our Revolving Credit Facility into − Over 1,40
Slide 15: Outlook
04 Outlook Eddie Byrne Chief Executive Officer
Slide 16: Ireland remains a compelling location for investment
Ireland remains a compelling location for investment Market fundamentals Unemployment rate remains Irish inflation continues to rise, close to all-time lows but remains well below the 2022 peak 10 10% 8 8% 6 6% 4 4% 2 2% 0 0% Jun-16 Jun-17 Jun-18 Jun-19 Jun-20 Jun-21 Jun-22 Jun-23 Jun-24 Jun-25 Jun-
Slide 17: Market fundamentals remain exceptionally strong
Market fundamentals Housing market remains constrained with completions continuing to lag government targets remain exceptionally strong Housing deliveries rose in 2025, with apartment output increasing to 33% of total output. 60,000 Irish population growth forecast to continue (millions) Current go
Slide 18: Positioned to benefit from strong demand, disciplined execution and a clear growth pathway
Positioned to benefit from strong demand, disciplined execution and a clear growth pathway Outlook Macroeconomic New rental Asset disposal Pipeline of further LTV expected to conditions expected regulations providing programme expected investment remain within target to continue driving greater cert
Slide 19: Appendix
05 Appendix
Slide 20: About I-RES
About I-RES Operational Highlights Financial Highlights Established in 2014, I-RES is a growth- orientated Real Estate Investment Trust providing quality, professionally 3,611 33 99.4% managed homes in sustainable Rental homes Strategic Dublin Occupancy communities in Ireland. locations I-RES owns 3
Slide 21: Map of portfolio holdings
19 3,611 Map of portfolio holdings Total residential (as at 30 June 26) units Dublin City Centre North Dublin 20 1 Xavier Court, 41 Units 18 The Coast, 34 Units 2 The Marker, 85 Units 19 Taylor Hill, 78 Units 26 3 Richmond Gardens, 99 Units 20 Semple Wood, 33 Units 4 Kings Court, 83 Units 21 Norther
Slide 22: Modern portfolio with strong performance metrics
Modern portfolio with 23% 6% 11% Modern portfolio Years strong performance metrics 9% 2 to 5 6 to 9 10 to 14 Portfolio overview 15 to 19 63% >20 Property portfolio performance 30 June 2026 31 December 2025 9% In attractive locations Annualised passing rent (€’000) 88,892 87,556 11% 34% South Dublin
Slide 23: Thank you
Thank you For your time For more information please visit: www.iresreit.ie/investors South Dock House Hanover Quay DO2 XW94 Ireland www.iresreit.ie
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