Irish Residential Properties Reit Plc · EURONEXT:IRES
Irish Residential Properties Reit — Shareholder Meeting (May 2024)
9 slides from Irish Residential Properties Reit's shareholder meeting presentation, May 10, 2024
Slide 1: 2024 AGM Presentation
Sustainable Business, Connected Communities Irish Residential Properties REIT Plc 2024 AGM Presentation 10 th May 2024 1
Slide 2: Disclaimer
Disclaimer Important Information This presentation has been prepared by Irish Residential Persons receiving this presentation should observe these Third Party Information Properties REIT PLC (the “Company” or “I-RES”) for information restrictions. Failure to do so may constitute a violation of the T
Slide 3: I-RES at a glance
2024 2024AGM AGMPresentation Presentation I-RES at a glance 3,734 Units 99.4% €1,274m Number of properties owned Occupancy Value of the portfolio As at 31 December 2023 As at 31 December 2023 As at 31 December 2023 77.3% 4.9% 4.45c per share NRI Margin EPRA Net Initial Yield For the 12 months to 31
Slide 4: Unique & Market Leading Operating Platform
2024 AGM Presentation Unique & Market Leading Operating Platform Technology • A unique, vertically integrated, fully digitalised operating platform People • Enhanced collection rates, improved service delivery, and • Experienced and highly skilled maximisation of ancillary workforce of 90+ people re
Slide 5: Strategic Review Update
2024 AGM Presentation Strategic Review Update Robust & Comprehensive Analysis Completed to Process Underway Looking Ahead Date • The Strategic Review commenced • Investment case underpinned by a modern • As the Strategic Review continues, the following the release of the Company’s portfolio of high-
Slide 6: 2023 Financial Review
2024 AGM Presentation 2023 Financial Review Continued Operational Excellence Robust Financial Position 79.1% 77.5% 99.4% 99.4% 77.3% 99.1% €644m RCF Drawn €573m €169m RCF Drawn Variable Interest €98m Cost plus margin Variable Interest Cost plus margin 2021 2022 2023 2021 2022 2023 RCF RCF Occupancy
Slide 7: Update on Trading in Q1 2024
2024 AGM Presentation School Yard, Dublin 1 Update on Trading in Q1 2024 • Continued strong occupancy levels in the quarter of 99.5% (31 December 2023: 99.4%) • Q1 Net Rental Income Margins were approximately in line with the same period last year, on a like-for-like basis. • LTV1 at 31 March 2024 w
Slide 8: Building a Sustainable and Responsible Business
2024 AGM Presentation Building a Sustainable and Responsible Business Protecting the Building Operating Environment Communities Responsibly ↓ 59% Scope 1 GHG Emissions reduction (like for like) (-41% in 2022) Employee gender diversity Employee satisfaction rate 44% Achieved Investors in Diversity ↓
Slide 9: 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 9 9
Irish Residential Properties REIT — Shareholder Meeting (May 2024) on 6ix