Irish Residential Properties REIT (GB:0QT8) has released an update.
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Irish Residential Properties REIT plc reported a 2.1% like-for-like revenue growth for the first half of 2024, maintaining a high occupancy rate of 99.6%. Despite a slight decrease in reported revenue due to asset disposals from the previous year, the company announced a stable net rental income margin and a focus on cost control. The interim dividend is set at 1.88 cents per share, reflecting 85% of the distributable earnings, as part of the company’s commitment to align with Irish REIT legislation.
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