Row over insufficient profit at State’s biggest landlord illustrates our dysfunctional property market

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Major shareholder calls for radical overhaul at Ires Reit as gulf between market value and assets reveals appalling state of Ireland’s rental market

It is quite the spectacle that the biggest landlord in the State, at a time of a housing crisis and record rents, is finding itself under pressure for not generating enough profits. That alone tells its own tale about the dysfunction of the property market in 2023.

Ires Reit, the owner of 4,000 apartments spread across Dublin, is in the ignominious position that its share price this month fell to an all-time low. Its stock ...

 

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‘This company has destroyed a lot of value’: Ires Reit investors push to go privateBoss of 5 per cent shareholder Vision Capital says country’s biggest landlord is failing to capitalise on the best rental market in the world, and aims to foment change at the upcoming AGM
منبع: businessposthq - 🏆 8. / 71 ادامه مطلب »

‘This company has destroyed a lot of value’: Ires Reit investors push to go private“This company has destroyed a lot of value and seems to really want to pursue a path of entrenchment. And as we said in our letter, enough is enough.” How some Ires Reit investors are pushing to go private, by killianwoods and EllieD798
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European shares buoyed by positive earnings from major US banksEuropean shares buoyed by positive earnings from major US banks via IrishTimesBiz
منبع: IrishTimesBiz - 🏆 6. / 77 ادامه مطلب »