Irish Residential Properties Reit Plc · EURONEXT:IRES
Irish Residential Properties Reit — FY2025 Earnings Presentation
21 slides from Irish Residential Properties Reit's earnings presentation, Feb 19, 2026
Slide 1: 2025 Preliminary Results Presentation
Irish Residential Properties REIT Plc 2025 Preliminary Results Presentation
Slide 2: Disclaimer
Disclaimer Cautionary Statements whatsoever (in negligence or otherwise, whether direct or Company will generate a particular rate of return. This presentation has been prepared by Irish Residential indirect, in contract, tort or otherwise) for any loss howsoever Properties REIT PLC (the “Company” o
Slide 3: Contents
Contents 1. Overview 2. Regulatory Landscape 3. Financial Performance 4. Market Backdrop 5. Summary & Outlook I-RES REIT Plc
Slide 4: Overview
Overview Eddie Byrne, CEO
Slide 5: Operational Excellence, Improved Outlook & Positioned For Growth
Overview Operational Excellence, Improved Outlook & Positioned For Growth Ireland’s Leading Residential REIT FY25 Highlights Consistent Market Leading Occupancy & Collection Rates 99.5% +120 bps Occupancy1 Increase In NRI Margin %2 High Quality Portfolio & Operating Platform +2.3% +7.4% Adj. EPRA EP
Slide 6: Strong Progress Against Strategic Priorities
Overview Strong Progress Against Strategic Priorities Our Vision Our To be Ireland’s leading provider of rental housing, recognised for quality and value, delivering sustainable growth while being a great place to work, and maximising our Strategic contribution to the wider community. Pillars Operat
Slide 7: Regulatory Landscape
Regulatory Landscape Eddie Byrne, CEO 7
Slide 8: New Regulation Framework Approved; Significant Changes Post 1st March 2026
Regulatory Landscape New Regulation Frameworks Has Been Approved; Leading to Significant Changes Post 1 st March 2026 Key changes Detail Implication • Rent caps continue at the lower of CPI and 2% for existing leases I-RES can capture rental income reversion across the portfolio Rent Resetting • R
Slide 9: Financial Performance
Financial Performance Brian Fagan, CFO 9
Slide 10: Growth Delivered Through Continued Operational Excellence
Financial Performance Growth Delivered Through Continued Operational Excellence Income Statement (€m) 31 Dec 2025 31 Dec 2024 Change (%) Unit count at period end 3,627 3,668 (1.1%) Revenue 85.5 85.3 0.2% Earnings Growth Achieved Through NRI Margin % 78.0% 76.8% +120 bps Adjusted EBITDA Financing cos
Slide 11: Robust Financial Position & Improving Valuations
Financial Performance Robust Financial Position & Improving Valuations Debt Highlights Successful refinancing during the year provides capacity and EPRA NTA per share (cents) flexibility to execute on our strategic objectives 3.2 Reduced LTV 5.7 0.7 0.4 0.0 132.2 0.3 Longer debt maturity (4.6)
Slide 12: Executing On Asset Recycling Strategy - Driving Shareholder Value
Financial Performance Executing On Asset Recycling Strategy - Driving Shareholder Value Enhancing Location & Optimising Portfolio Mix Funding A Return To Growth Sustainability The Strategy What We Have 107 €35m 41 25%+ 43.6% Achieved So Far Total Units Disposed Total Proceeds To Date Units Disposed
Slide 13: Market Backdrop
Market Backdrop Eddie Byrne, CEO 13
Slide 14: Macroeconomic Environment Is Supportive
Market Backdrop Macroeconomic Environment Is Supportive 1. Unemployment Rate Remains Low 2. ECB Has Implemented 8 Rate Cuts Since Peak % % Euro Area Unemployment Ireland Unemployment 5 ECB Main Refinancing Rate 12 10 4 8 3 6.3% 6 5.0% 2 4 1 2 0 0 Dec-15 Dec-16 Dec-17 Dec-18 Dec-19 Dec-20 Dec-21 Dec-
Slide 15: Market Fundamentals Are Exceptionally Strong
Market Backdrop Market Fundamentals Are Exceptionally Strong ► Prime PRS yields stable for two years. Ireland remains an outlier Prime PRS Yields Stable For Two Years amongst European peers despite Ireland’s strong sovereign debt profile. Many European Prime PRS yields beginning to see compression.
Slide 16: Summary & Outlook
Summary & Outlook Eddie Byrne, CEO 16
Slide 17: A Compelling Opportunity For I-RES
Summary & Outlook A Compelling Opportunity For I-RES Favourable Economic Conditions…. …And A Robust And Well Positioned Business Supportive Macro . Continuously delivering exceptional operational performances A high-quality modern portfolio underpinned by a highly efficient and . scalable internal
Slide 18: Appendix
Appendix 18
Slide 19: Building a Sustainable and Responsible Business
Appendix 1 - Sustainability Building a Sustainable and Responsible Business Our Strategy Is Underpinned by Our Commitment to Sustainability Sustainability Strategic Pillars • Board Director with responsibility for Workforce Engagement • Gold Award for EPRA Sustainability Best Practices Recommendatio
Slide 20: Modern Portfolio With Strong Performance Metrics
Modern Portfolio Appendix 2 - Portfolio Overview Modern Portfolio With Strong Performance Metrics 11% 8% Years 9% 2 to 5 6 to 9 9% 10 to 14 15 to 19 Property Portfolio Performance 31 December 2025 31 December 2024 >20 63% Annualised Passing Rent (€’000) 87,556 86,461 In Attractive Locations % commer
Slide 21: Thank you for your time
Thank you for your time For more information please visit: www.iresreit.ie/investors South Dock House Hanover Quay DO2 XW94 Ireland www.i-res.ie
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