Irish Residential Properties
Irish Residential Properties (I-RES) is the leading provider of private residential rental accommodation in Ireland, managing nearly 4,000 homes across Dublin and Cork with a portfolio valued at €1.27 billion as of December 2023.
Company Overview
Irish Residential Properties (I-RES) is the leading provider of quality private residential rental accommodation in Ireland. With nearly 4,000 homes located in communities across Dublin and Cork, the company manages a portfolio valued at €1.27 billion as of 31 December 2023. I-RES owns 3,734 units with an occupancy rate of 99.4%. The company offers high-quality homes in well-connected locations and pays out a minimum of 85% of distributable earnings as dividends to shareholders. I-RES is listed on the Main Securities Market of Euronext Dublin.
Sustainable Practices
I-RES is committed to building a sustainable and responsible business, focusing on protecting the environment, building communities, and operating responsibly. The company has 90% of its portfolio with a Building Energy Rating (BER) of A to C and sources 100% renewable energy for all building common areas. In 2022, I-RES delivered Ireland’s first LEED-gold certified residential building known as The School Yard. The company aims to achieve net-zero greenhouse gas emissions across its portfolio by 2050 and has introduced green roofs at several properties to enhance biodiversity.
Community Initiatives
I-RES supports various community initiatives, including partnerships with Citywise Education, Shamrock Rovers Football Club, and St Kevin’s Football Club. The company is also a founding partner of Dragons at the Docks, an annual fundraiser for the Simon Community. Through these initiatives, I-RES demonstrates its commitment to building and supporting thriving communities. Additionally, the company is a partner of the All-Ireland Pollinator 5-year plan, contributing to environmental sustainability.
I-RES Living
I-RES Living is a unique, vertically integrated operating platform designed to provide end-to-end property management and resident services. Combining market-leading technologies with a team of over 90 specialists, I-RES Living covers leasing, property management, maintenance, customer service, revenue, and legal functions. This comprehensive approach ensures efficient operation and high-quality service for residents.
Ethical Standards and Policies
I-RES upholds high ethical standards and has a Supplier Code of Conduct to ensure ethical business practices among its vendor partners. The company has a detailed Whistleblower Policy to encourage staff to report any malpractice or illegal acts. I-RES maintains a zero-tolerance approach to violations of anti-slavery and human trafficking laws. Additionally, the company promotes diversity and inclusion actively, focusing on fairness, respect, equality, and engagement.