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Irish Residential Properties REIT plc ( IRES ) Half Yearly Results 14 - Aug - 2026 / 07:00 GMT / BST 14 August 2026 I - RES H1 2026 Results Irish Residential Properties REIT plc RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 Strong Operational and Strategic Delivery Drives Earnings Growth and Shareholder Returns Key Highlights Irish Residential Properties REIT plc ( “ I - RES ” or the “ Company ” ) , the leading provider of rental homes in Ireland , today issues its interim results for the six - month period from 1 January 2026 to 30 June 2026 . • EPRA EPS growth of 5.8 % for the period increasing EPRA Earnings to € 15.3 million ( H1 2025 : € 14.5 million ) . • Adjusted Earnings ( excluding fair value movements ) growth of 6.2 % to € 17.0 million ( H1 2025 : € 16.0 million ) . • Like - for - like residential annualised passing rent growth of 2.1 % in the period ( H1 2025 : 0.3 % ) . • • Net Rental Income ( " NRI " ) margin improvement to 78.1 % ( H1 2025 : 78.0 % ) due to our continued focus on operational efficiency . IFRS NAV per share of 138.8 cent , grew by 5.4 % in the six months ( FY 2025 : 131.7 cent ) . • Net LTV reduction to 42.6 % ( FY 2025 : 43.6 % ) . • Total Accounting Return ( " TAR " ) of 6.8 % in H1 2026 ( H1 2025 : 2.8 % ) . • H1 2026 dividend per share of 2.50 cent ( H1 2025 : 2.36 cent ) an increase of 5.9 % . • Acquisition announced of 77 new units - reinvesting the proceeds from the successful asset recycling programme . Eddie Byrne , I - RES ' Chief Executive Officer , said : " The first six months of 2026 have seen I - RES continue to build on the strong progress delivered in 2025 , with further operational momentum , continued disciplined cost management alongside a focus on growing earnings and creating shareholder value . The new rental regulations , which came into effect on 1 March 2026 , represent a significant and welcome step forward for the Irish property rental sector . It provides much - needed certainty for residents , operators and investors , improving the outlook for investment returns and creating a more supportive environment for the delivery of new rental accommodation . The revised framework has unlocked renewed capital flows into the sector , which should improve development viability over time and support a healthier , more sustainable rental market . As part of our continued focus on disciplined growth , our forward purchase agreement to acquire 77 high - quality apartments in Naas demonstrates the strategic reinvestment of capital generated through our asset recycling programme into portfolio- enhancing opportunities . We continue to actively consider further opportunities to reinvest and grow the business across a healthy pipeline as market activity continues to build momentum . We remain focused on maintaining a strong balance sheet , managing LTV within our target range and assessing all capital allocation options against our objective of maximising long - term shareholder value creation . As a long - term Irish investor with permanent capital , we hold a unique position in the market and our approach enables us to play a vital role in addressing the country's ongoing residential accommodation needs . " Financial and Operational Highlights • Achieved earnings growth of 5.3 % for the period with EPRA earnings of € 15.3 million ( H1 2025 : € 14.5 million ) and 5.8 % growth in EPRA EPS to 2.9 cent ( H1 2025 : 2.8 cent ) . This growth in earnings was achieved despite the disposal of 1.1 % of our units period on period , as part of our asset recycling programme . Adjusted Earnings ( excluding fair value movements ) grew by 6.2 % to € 17.0 million ( H1 2025 : € 16.0 million ) and reflects the asset recycling programme generating sales premia significantly ahead of book values . Revenue increased 1.1 % to € 43.1 million ( H1 2025 : € 42.6m ) . Like - for - like annualised residential passing rent increased by 2.1 % in the period reflecting the permitted rental growth across existing tenancies and the portion of units that have turned over since 1 March 2026 reset to market rents . Absolute revenue growth was curtailed by the reduced portfolio . With the announcement of the forward purchase of 77 new units in Naas , we have begun to reinvest the proceeds of our asset recycling programme into higher returning assets , also demonstrating our ability to fund the development of new residential accommodation in Ireland . Average Monthly Rent ( " AMR " ) increased by 1.7 % to € 1,884 ( FY 2025 : € 1,852 ) in the period aided by our strong letting performance in the first half of the year . The portfolio continues to be effectively fully occupied at 99.4 % ( FY 2025 : 99.5 % ) which reflects both our highly effective operating platform and the continued strong underlying demand for high quality rental properties in Dublin . Turnovers for the period of 6 %