Irish Residential Properties

What Irish Residential Properties does

Irish Residential Properties REIT plc (I-RES) is Ireland's largest private residential landlord and a publicly listed Real Estate Investment Trust on Euronext Dublin (ticker 0QT8) and the London Stock Exchange. The company owns and operates a portfolio of 3,627 high-quality rental homes valued at €1.24bn (as of 31 December 2025), concentrated in Dublin, generating recurring residential rental income from individual and family tenants. I-RES reported net rental income of €65.5m for FY2025 at a 76.8% net rental income margin, with 99.5% portfolio occupancy, a 7.0% gross yield at fair value, and a return to profitability of approximately €50m pre-tax after a prior-year loss.

I-RES's core operating asset is its vertically integrated I-RES Living platform, which combines Microsoft enterprise systems with Yardi's cloud-based property management software, supported by a 90+ specialist team. The platform includes a mobile app and web portal launched in 2023 that achieved ~75% resident coverage and 85% satisfaction within six months, enabling end-to-end resident lifecycle management from initial enquiry through to exit, including maintenance requests, lease adjustments, document management, and community communications. The portfolio is 92% rated A-C for energy efficiency, positioning I-RES ahead of tightening Irish rental regulations effective March 2026 that are expected to drive 4-5% rent growth.

I-RES generates revenue through recurring monthly residential rents (subscription-equivalent), with an active asset recycling program that has disposed units at sales premiums above 25% of book value to redeploy capital. The company distributes taxable income via dividends (FY2025 final dividend raised 20% to €0.0253 per share), maintains dual stock exchange listings for institutional capital access, and is led by CEO Eddie Byrne and CFO Brian Fagan, with BlackRock disclosed as a ~3.99% shareholder as of June 2026.

Name

Irish Residential Properties

Legal name

Irish Residential Properties REIT plc

Website

https://iresreit.ie

Company type

Public

Founded year

2013

Operating status

Operating

Headcount range

101–250 employees

Short description

Irish Residential Properties REIT plc (I-RES) is Ireland's largest private residential landlord, owning 3,627 Dublin rental homes worth €1.24bn at 99.5% occupancy. It operates the I-RES Living vertically integrated platform on Microsoft and Yardi technology, serving individual private tenants across Dublin.

Ownership category

akta.pro rank

Product category

Residential Real Estate REIT

NAICS

Residential Property Managers (531311), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

REITs & Listed Real Estate Securities (FSAAAKAD)

akta.pro secondary industry

Independent Living Real Estate Owners/Operators (REITs & Management Companies) (HLADAAAG)

Keywords

• Residential rental housing
• Real estate investment trust
• Property management services
• Apartment leasing
• Institutional real estate

Headquarters

HQ city

Dublin

HQ country

Ireland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. Residential Rental Income: Primary revenue stream from private residential rental accommodation across Dublin, Ireland. Net rental income margin of 76.8% as of H2 2025. Asset recycling program generates sales premiums above 25% of book value.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Irish Residential Properties REIT plc (I-RES) owns and operates a portfolio of quality private residential rental accommodation across Dublin, Ireland, with 3,627 units valued at €1.24bn as of 31 December 2025. The company runs a vertically integrated operating platform called I-RES Living that combines Microsoft systems and Yardi cloud-based property management technology with a 90+ specialist team to deliver end-to-end resident services including maintenance, lease management, and digital self-service through a mobile app and web portal. I-RES also functions as a publicly listed REIT distributing taxable income to institutional and retail shareholders via Euronext Dublin and the London Stock Exchange.

Product overview

Irish Residential Properties REIT plc (I-RES) operates as the State's largest private residential landlord, providing quality private residential rental accommodation in Ireland with a portfolio of over 3,600 homes across Dublin. The company's core offering is its proprietary I-RES Living platform — a vertically integrated operating platform combining Microsoft systems with Yardi's cloud-based property management software, supported by a 90+ specialist team. The I-RES Living ecosystem includes a mobile app and web portal launched in 2023, delivering end-to-end property management and resident services such as maintenance requests, lease adjustments, document management, and community engagement. The portfolio is valued at €1.24 billion with 99.5% occupancy and 7.0% gross yield.

Differentiator

Problem solved

Functional benefit

Brands

• I-RES Living: Vertically integrated operating platform providing end-to-end property management and resident services, combining market-leading technologies with a 90+ specialist team and local knowledge. Includes a mobile app and web portal for residents.

Products and services

• Private Residential Rental Accommodation

Quantifiable outcome

• 99.5% portfolio occupancy rate
• +4 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Scale indicators17 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Vonovia SE: Germany-headquartered, Europe's largest residential landlord with a publicly listed REIT-like structure owning and managing ~540,000 homes. Directly comparable to I-RES on business model (own/operate/build-to-rent multifamily portfolios), yield-driven value proposition, and exposure to national rental regulation regimes.
• Deutsche Wohnen SE: Berlin-based residential landlord operating ~155,000 units, majority-owned by Vonovia. Closely comparable to I-RES in being a publicly listed, single-geography residential operator using scale and digital platforms to manage urban rental housing under regulated tenancies.
• Heimstaden Bostad AB: Sweden-headquartered pan-European residential platform owning ~160,000 homes across nine countries. Directly comparable to I-RES as a large-scale, vertically integrated residential owner/manager pursuing growth via acquisitions and asset recycling in regulated urban rental markets.
• Kojamo Oyj: Finnish residential landlord operating ~35,000 rental homes under the Lumo brand, listed on Nasdaq Helsinki. Compares to I-RES as a publicly listed, branded, technology-enabled urban residential operator with strong digital tenant engagement and yield-focused investor base.
• Grainger plc: UK's largest listed residential landlord with ~11,000 PRS homes (built-to-rent and regulated tenancies). Direct comparable on being a publicly listed, vertically integrated owner/operator of urban rental housing with a tech-enabled resident platform and a build-to-rent development pipeline.
• Civitas Social Housing plc: UK-listed REIT investing in regulated social housing for vulnerable tenants. Comparable to I-RES as a listed, yield-driven property owner operating residential accommodation under a regulated framework, with portfolio value of ~£1bn and a similar single-geography exposure profile.
• Unite Group plc: UK-listed REIT and leading owner/operator of student accommodation with c.74,000 beds. Comparable to I-RES as a publicly listed, vertically integrated residential landlord using proprietary digital platforms for tenant lifecycle management and pursuing asset recycling/development-led growth.

Regional players

• Hibernia REIT plc: Irish-domiciled REIT historically focused on Dublin office and residential development assets, taken private in 2023. Comparable to I-RES as a Dublin-focused, Irish-listed REIT operating regulated residential and mixed-use real estate with similar regulatory exposure.

Broad incumbents

• Kennedy Wilson Europe Real Estate: Global real estate investment and asset management firm with significant historical Irish exposure (acquired by Kennedy Wilson in 2019). Comparable to I-RES on European PRS exposure and asset recycling programs, though broader in scope across asset classes and geographies.
• Regional REIT plc: UK-listed REIT focused on regional UK office assets with ~£700m portfolio. Comparable to I-RES on small-mid cap UK/Ireland-listed REIT structure, yield-driven shareholder returns, and exposure to regulatory/political risk in UK and Irish property markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ires-fund-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries3 records

Funding overview

Funding rounds1 record

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Irish Residential Properties