Ireland's largest private landlord has said that independent analysis from its advisors has found that a strategy that would require an accelerated sale of all its assets directly into the market would be challenging to maximise value for shareholders in the short-term.
Ireland's largest private landlord has said that independent analysis from its advisors has found that a strategy that would require an accelerated sale of all its assets directly into the market would be challenging to maximise value for shareholders in the short-term.
The company said the strategic review confirms the board's view that it has a market-leading platform which continues to deliver a strong operational performance. These including higher interest rates, widening yields, restrictive regulation including in particular a cap on rental growth, a notable lack of liquidity in the direct market, and an upcoming election, which present challenges for delivering shareholder returns and have impacted growth.
The business also said that the review to date has identified several initiatives with the potential to unlock value contained within its operating platform."Additionally, the Strategic Review continues to explore value maximisation through selective asset recycling including, where appropriate, achieving value through the sale of individual units which are accretive to value," it stated in the statement.
As part of the strategic review, I-Res REIT said it has conducted"extensive" tax analysis, including a review of the REIT structure.
Business Irish Residential Properties Reit Landlord
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