Irish Residential Properties Reit Plc · EURONEXT:IRES
Irish Residential Properties Reit — EPRA 2020 Conference
9 slides from Irish Residential Properties Reit's conference presentation, Sep 10, 2020
Slide 1: Irish Residential Property REIT plc EPRA 2020 Conference
Better living made simple Irish Residential Property REIT plc 10th September 2020 Building Communities and Creating Value EPRA 2020 Conference
Slide 2: I RES REIT – Who we are
I RES REIT – Who we are Attractive Portfolio Delivering Long-term • Ireland’s largest private residential landlord, with 3,834 units Secure Returns • c. 98% occupancy rate • Modern portfolio, average age of 11.5 years, with capital allocation focused on growth Delivered Resilient Financial Performan
Slide 3: Demand Drivers Underpinning Investment Case
Demand Drivers Underpinning Investment Case Population growth forecast1 Irish Residential Market & Economic Backdrop • Clear undersupply of housing, with housing need expected to be twice supply • Professionally managed PRS segment in the early stage of development • 30% of Ireland’s population is i
Slide 4: Modern Asset Base Supporting Resilient Performance
Modern Asset Base Supporting Resilient Performance Distribution by Split Distribution by Properties by Distribution by of Bedrooms1 Average Monthly Rent1 Location1 Age (Years)1 1% 1% 5% 14% 1% 8% 25% 29% 3% 36% 40% 5% 56% 22% 62% 12% 33% 2% 6% 3939 % % 1 Bed 2 Bed €1,000 to €1,500 €1,500 to €2,000 S
Slide 5: Continuing Strong Growth in 2020
Continuing Strong Growth in 2020 Net Rental Income (€m) Occupancy Net Rental Margin +39% 50.5 99.8% 81.2% 81.3% 81.4% 79.2% 98.7% 98.3% 97.9% 41.2 +30% 36.3 29.6 FY17 FY18 FY19 H120 FY17 FY18 FY19 H120 FY17 FY18 FY19 H120 Number of Units Total Property Value (€m) NAV per share (cent) +53% +26% +81%
Slide 6: Attractive Portfolio in Dublin
Attractive Portfolio in Dublin Portfolio Overview (including all committed forward purchases) South Dublin 1,143 36 37 39 Attractive Portfolio City Centre 516 38 Delivering Long-term Secure Returns 30 31 34 33 West Dublin 920 32 35 North Dublin 926 28 26 West City 409 27 Cork1 50 15 20 Total Owned &
Slide 7: Strong Execution on a Sustainable Growth Strategy
Strong Execution on a Sustainable Growth Strategy 53% Growth Significant Unit Portfolioover Growth over last 12 Month 2.5 years Period Pipeline for Future Growth c.20% DUBLIN Forward purchases 164 Under construction by IRES 66 Development sites with Planning 543 Permission TOTAL 773 IRES Proforma Po
Slide 8: Key Investment Attractions
Key Investment Attractions Why the Irish Multifamily Sector Favourable Economic Population Structural fundamentals Yields on Demographics Housing Supply and multifamily and trend towards / Demand Government assets remain smaller Imbalance Stimulus for attractive households Covid-19 Why IRES REIT Att
Slide 9: Thank you for your time
Better living made simple Thank you for your time For more information please visit www.investorrelations.iresreit.ie
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