Irish Residential Properties REIT PLC - private rental accommodation provider - Says occupancy levels "remained strong" in first-quarter of 2024 at 99.5%, versus 99.4% in fourth-quarter. Says revenue in quarter declines by 3.9%, "reflecting the impact of strategic asset disposals completed in the second half of 2023". "I-RES has continued its momentum from 2023 into the first quarter of 2024, delivering another strong operational performance. Occupancy rates across our portfolio continue to be in excess of 99%, demonstrating the high-quality nature of our assets in attractive locations, and driven by our market leading digital operating platform. We continue to believe the medium-term outlook for both the PRS sector in Ireland and the I-RES portfolio remains positive, underpinned by strong levels of demand which far outstrip supply," Chief Executive Officer Eddie Byrne says.
Current stock price: EUR1.00 in Dublin
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By Eric Cunha, Alliance News news editor
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