2018 INTERIM RESULTS Irish Residential Properties REIT plc - INTERIM RESULTS - Investor Relations
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2018 INTERIM RESULTS
Irish Residential Properties REIT plc
INTERIM RESULTS
DISCLAIMER Cautionary Statements This presentation has been prepared by Irish Residential Properties REIT PLC (the “Company” or “I-RES”) for information purposes only. This presentation has been prepared in good faith but the information contained in it has not been independently verified and does not purport to be comprehensive. The Company is not undertaking any obligation to provide any additional information or to update this presentation or to correct any inaccuracies that become apparent. This presentation is neither a prospectus nor an offer nor an invitation to apply for securities. The information contained in this presentation is subject to material updating, completion, revision, amendment and verification. Any prospective investor must make its own investigation and assessments and consult with its own adviser concerning any evaluation of the Company and its prospects. No representation or warranty, express or implied, is given by or on behalf of the Company, its group companies, IRES Fund Management Limited (“IRES Fund Management”) or any of their respective shareholders, directors, officers, employees, advisers, representatives, agents or any other persons as to the accuracy, completeness, fairness or sufficiency of the information, projections, forecasts or opinions contained in this presentation. Save in the case of fraud, no liability is accepted for any errors, omissions or inaccuracies in any of the information or opinions in this presentation and neither of the Company or IRES Fund Management, nor any of their employees, officers, directors, advisers, representatives, agents or affiliates, shall have any liability whatsoever (in negligence or otherwise, whether direct or indirect, in contract, tort or otherwise) for any loss howsoever arising from any use of this presentation or its contents or otherwise arising in connection with this presentation. Certain financial and statistical information contained in this presentation is subject to rounding adjustments. Accordingly, any discrepancies between the totals and the sums of the amounts listed are due to rounding. This presentation contains forward-looking statements which can be identified by the use of terms such as "may", "will", "should", "expect", "anticipate", "project", "estimate", "intend", "continue", "target" or "believe" (or the negatives thereof) or other variations thereon or comparable terminology. Such forward-looking statements are based on the beliefs of its management as well as assumptions made and information currently available to the Company. Forward-looking statements speak only as of the date of this presentation and the Company and IRES Fund Management expressly disclaim any obligation or undertaking to release any update of, or revisions to, any forward-looking statements in this presentation, including any changes in its expectations or any changes in events, conditions or circumstances on which these forward-looking statements are based. Due to various risks and uncertainties, actual events or results or actual performance of the Company may differ materially from those reflected or contemplated in such forward-looking statements. No representation or warranty is made as to the achievement or reasonableness of, and no reliance should be placed on, such forward-looking statements. There is no guarantee that the Company will generate a particular rate of return. To the extent indicated, certain industry, market and competitive position data contained in this presentation come from third party sources. Third party industry publications, studies and surveys generally state that the data contained therein have been obtained from sources believed to be reliable, but that there is no guarantee of the accuracy or completeness of such data. While the Company believes that each of these publications, studies and surveys has been prepared by a reputable source, neither the Company nor IRES Fund Management have independently verified the data contained therein. In addition, certain of the industry, market and competitive position data contained in this presentation may come from the Company’s own internal research and estimates based on the knowledge and experience of the Company and IRES Fund Management in the Irish market. While the Company believes that such research and estimates are reasonable and reliable, they, and their underlying methodology and assumptions, have not been verified by any independent source for accuracy or completeness and are subject to change. Accordingly, undue reliance should not be placed on any of the industry, market or competitive position data contained in this presentation. THIS PRESENTATION DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER FOR SALE OR SOLICITATION OF ANY OFFER TO BUY ANY SECURITIES NOR SHALL IT OR ANY PART OF IT FORMS THE BASIS OF OR BE RELIED ON IN CONNECTION WITH ANY CONTRACT OR COMMITMENT TO PURCHASE SHARES
2018 Interim Results Irish Residential Properties REIT plc
Overview Highlights
Financial Results
Operational Excellence and Portfolio Management
Portfolio Overview
Acquisitions and Developments
Market Update
Opportunities Ahead
Positive Outlook
3
2018 Interim Results Irish Residential Properties REIT plc
Highlights H1 2018 – Deliveringgrowthinvalueanddividendsforshareholders
1 Profits and EPS
Profit for H1 18 :
€69.5m, +124.2%
(30June 2017: €31m)
EPS 16.5 cents, +123%
2 Net Rental Income
(‘NRI’)
€19.3m, + 12.9%
(June 2017: €17.1m)
3 EPRA Earnings and
ERPA EPS
EPRA Earnings
€13.0m , +9.8%
EPRA EPS of 3.1
cents, +10.7%
(30 June 2017: 7.4 cents)
4 Portfolio 2608 units;
€868.5m +15.7% (on Dec
2017);
Acquisitions and
Developments +€58.5m;
Fair value +€57m, +7.8%*
Av. Gross yield 6.2% (Dec
17, 6.6%)
5 EPRA NAV per Share
30 June 2018; 133.0
cents, +12.2%
(31 December 2017 ; 118.5
cents)
6
Gearing (LTV)
30 June 2018;
€277m; LTV 33.1%
( LTV policy of
45.0% )
4
*Based on investment properties owned at 31 December 2017, excluding Hansfield Woods and Hampton Woods
2018 Interim Results Irish Residential Properties REIT plc
StrongOperating Performance
Average Monthly Rent /€ Revenue from Net Rental Income /€m
Occupancy %
Investment Properties /€m
+5.5% +11.1% +12.9%
100.0 1,550 25 20.0
99.8 19.0
98.7 98.7 1,500 1,539 23 24.1 19.3
95.0 18.0
1,450 21 17.0
21.7 17.1
90.0 1,459 16.0
1,400 19 15.0
85.0 1,350 1,399 14.0
17 17.9
13.0 14.0
80.0 1,300 15 12.0
2016 2017 H1 2018* H1 2016 H1 2017 H1 2018
H1 2016 H1 2017 H1 2018 H1 2016 H1 2017 H1 2018
* Portfolio occupancy as at 30 June 2018 of 99.6% for properties owned at 31 December 2017
5
2018 Interim Results Irish Residential Properties REIT plc
Net Asset Value Growth
EPRA NAV growth through accretive acquisitions and NRI
growth, while maintaining LTV%
EPRA NAV
600 576.5 150
550 504.2 140
Cents per share
480.4 133.0
500 469.6
€ millions
435 446.9 130
450 419.5 118.5
112.5 115.1 120
400 107.2
104.3 110
350 100.6
300 100
Q2 2015 Q4 2015 Q2 2016 Q4 2016 Q2 2017 Q4 2017 Q2 2018
EPRA NAV EPRA NAV per share (cents)
Total Group Gearing
60.0%
50.0%
40.0%
30.0%
20.0%
10.0%
0.0%
Q2 2015 Q4 2015 Q2 2016 Q4 2016 Q2 2017 Q4 2017 Q2 2018 6
LTV Target Max
2018 Interim Results Irish Residential Properties REIT plc
GrowingValues and Portfolio Returns for Shareholders
EPRA NAV EPRA Earnings per Share Dividends per Share
(€ millions) € cents € cents
3.5 +10.7% 6
700
+14.2%
600 3 5
3.1 5.2
500 576 2.5 2.8 4.9
4
504 2
400 470 2.2 3
300 1.5 3.15
2 2.6
200 1
100 0.5 1
0 0 0
2016 2017 H1 2018 H1 2016 H1 2017 H1 2018 2015 2016 2017 H1 2018
7
PERFORMANCE – Operational Excellence
Grand Central – Sandyford, Dublin 18
8
Strong Operating Performance
30 June 30 June % Increase/
For the Six Month Period Ended
2018 2017 Decrease
Revenue from Investment
24,058 21,666 11.0%
Properties(€,000)
Net Rental Income (€,000) 19,321 17,134 12.8%
Profit (€,000) 69,529 31,024 124.1%
Basic Earnings Per Share (cents) 16.5 7.4 30.1%
EPRA Earnings Per Share (cents) 3.1 2.8 10.7%
30 June 31 December % Increase/
As at
2018 2017 Decrease
Occupancy 98.7% 99.8% -1.1%
Average Monthly Rent €1,539 €1,517 1.5%
Gross Yield 6.2% 6.6% -0.4%
Total Number of Apartments 2,608 2,450 6.5%
Grand Central – Sandyford, Dublin 18 9
Proven Investment Manager
2018 Interim Results Irish Residential Properties REIT plc
Excellent Investment Manager
I-RES Fund Management, an Irish subsidiary of
CAPREIT, is the company’s investment
manager.
ABOUT CAPREIT
Founded in 1997, a Canadian leader in the
professional property management of rental
accommodation, owns interest in 48,272
residential units in Canada and 2,088 residential
units in Europe (1)
Attract and retain
By leveraging the global expertise, systems high-quality clients Generate stable
and technology platforms of CAPREIT, IRES and growing
Fund Management delivers a superior tenant dividends for
experience I-RES REIT
shareholders
Build a growing portfolio
of high-quality residential
assets in desirable areas
Deliver industry leading
professional property management
with 24/7 service and support
Note: (1) As at 30 June 20182018 Interim Results Irish Residential Properties REIT plc Excellent Investment Management and Operating Model Technology Staff Training Knowledge& Experience Hands-onApproach Resident andSystems Communications
Financial Position and Portfolio overview
2018 Interim Results Irish Residential Properties REIT plc
Strong Financial Position
As At 30 June 2018 31 December 2017
Total Property Value €868.5m € 750.9m
Net Assets €575.8m €504.0m
EPRA Net Assets €576.5m €504.2m
Basic NAV per share (cents per share) 133.8 120.8
EPRA NAV per share (cents per share) 133.0 118.5
Group Total Gearing 33.1% 33.0%
Acquisition Capacity (at 45% LTV) c. €160m
Value of Investment Properties
By Region (€)
132.7m Sandyford
Tallaght
263.4m
Finglas
120.4m
Inchicore/Drimnagh
Dublin City Centre
115.0m 130.0m
Other
107.1m
Grand Central – Sandyford, Dublin 18 142018 Interim Results Irish Residential Properties REIT plc
Investment Properties Portfolio* – Increasing Valuation
# apartments Value (€ millions) as at
Property Location Location Age % Change from 2017
owned(1) 30 June 2018 31 December 2017 31 December 2016
Sandyford
1 BSQ Sandyford 10.5 225 € 90.6 € 82.2 € 82.0 10.2%
2 Grande Central(4) Sandyford 11 65 € 24.0 € 22.4 € 20.9 7.1%
3 Rockbrook Grande Central(4) Sandyford 11 81 € 32.4 € 30.2 € 28.0 7.3%
4 Rockbrook South Central Sandyford 11 189 € 85.3 € 78.0 € 71.1 9.4%
5 Forum Sandyford 11 8 € 2.7 € 2.4 € 2.3 12.5%
6 The Maple Sandyford 1 68 € 28.5 € 27.7 € 11.4 2.9%
Total 636 € 263.5 € 242.9 € 215.7 8.5%
Dublin City Centre
7 Kings Court Smithfield 12 83 € 21.8 € 21.3 € 19.9 2.3%
8 The Marker(5) Docklands 6 85 € 68.1 € 63.1 € 58.1 7.9%
9 Bakers Yard Dublin 10.5 85 € 23.7 € 22.5 € 21.0 5.3%
10 City Square Gloucester St 12 23 € 6.6 € 6.1 € 5.7 8.2%
Total 276 € 120.2 € 113.0 € 104.7 6.4%
Tallaght
11 Priorsgate Tallaght 11 103 € 23.5 € 21.2 € 19.2 10.8%
12 The Laurels Tallaght 11 19 € 4.0 € 3.5 € 3.2 14.3%
13 Tallaght Cross West Tallaght 10 442 € 102.6 € 91.0 € 85.8 12.7%
Total 564 € 130.1 € 115.7 € 108.2 12.4%
Inchicore/Drimnagh
14 Camac Crescent Inchicore 10 90 € 21.0 € 20.4 € 19.6 2.9%
15 Lansdowne Gate Drimnagh 13 224 € 68.3 € 66.1 € 64.1 3.3%
16 Tyrone Court Inchicore 4 95 € 25.7 € 24.3 € 23.5 5.8%
Total 409 € 115.0 € 110.8 € 107.2 3.8%
Finglas
17Charlestown Finglas 11 235 € 65.2 € 59.9 € 57.8 8.8%
Total 235 € 65.2 € 59.9 € 57.8 8.8%
Other
18 Bessboro Terenure 10 40 € 14.4 € 13.2 € 12.4 9.1%
19 Elmpark Green Merrion 12 201 € 67.8 € 63.7 € 59.7 6.4%
20 Coldcut Park Clondalkin 6 90 € 20.6 € 20.1 € 19.4 2.5%
Total 331 € 102.8 € 97.0 € 91.5 6.0%
Total for investment properties owned as at 31 December 2017 2,451 € 796.8 € 739.3 € 685.1 7.8%
21 Hansfield Wood(8) OngarAcquisitions and Developments
Development/Acquisition Investment
Hansfield Wood €17.2m
Hampton Woods €40.8m Acquisitions and Developments
The Marker (1 unit)
Total H1’2018 Investments
€0.5m
€58.5m
Hansfield Wood
On 15 November 2017, the Company made its first
acquisition in partnership with a local builder at Hansfield
Wood, Dublin 15.
• 4.5 acre development site with purchase price of €7
million
• Developing 99 residential units for total consideration
of €23 million (including VAT, but excluding other
transaction costs)
• 30-minute travel time via regular rail link to Dublin City
Centre
• Expected gross yield of c. 7%
• 55 residential units completed*
*Based on residential units received as at 31 July 2018
17Acquisitions and Developments
Hampton Wood
• Acquisition completed on 21 May 2018
• 128 apartments, with 128 car parking spaces
• 104 apartments occupied and 24 available for lease up
at market rents as at June 30, 2018.
• Investment anticipated to generate gross yields of
c. 6.25% based on lease up of all apartments at current
annualized market rent.
3.15
182018 Interim Results Irish Residential Properties REIT plc
Strategies For Future Growth
Development of Existing Local Development Acquisition of Completed
I-RES Properties Partnerships Assets
• Opportunity to add approximately Partnerships with local builders and • Continued evaluation of new acquisition
600(1)apartments at currently-owned I-RES developers that have planning opportunities in attractive urban locations
properties permission
• Following criteria considered:
• New apartments can be built at lower cost
than market ➢ Local employment
• Significant infrastructure (e.g. parking) ➢ Good transportation links and
already in place, reducing construction costs community infrastructure – in
particular, schools
• Infill and conversion opportunities are
available on currently-owned commercial ➢ Family-friendly neighbourhoods
properties
Note:(1) As at 30 June 2018, subject to planning and any other approvals.
192018 Interim Results Irish Residential Properties REIT plc
Development of Existing I-RES Properties
• Opportunity to add approximately 600(1)apartments at I-RES Development Asset Status
currently-owned I-RES properties
# Units at
• New apartments can be built at lower cost than market Name Status
Completion
• Significant infrastructure (e.g. parking) already in place,
reducing construction costs Bakers Yard 61 Awaiting final decision from the Planning Authority
• Infill and conversion opportunities are available on currently- Planning application to be submitted in the second
owned commercial properties half of 2018 for site B4. Options for development of
BSQ (B3 & B4) c. 85 Site B3 still being explored
• The Company is preparing a new planning application for
Rockbrook which will be submitted during the course of Rockbrook c. 450 Planning application to be submitted late 2018
2018. It is anticipated the new planning application will seek
in the order of 450 apartments. Planning permission granted, construction of c. 20
Tallaght Cross West 20 units to commence in the second half of 2018
Note:(1) As at 30 June 2018, subject to planning and any other approvals.
Priorsgate c. 31 Planning application submitted July 2018
Bakers Yard – Dublin, Dublin 1Market Update
2018 Interim Results Irish Residential Properties REIT plc
Market Update
DEMAND OUTWEIGHS ECONOMIC POPULATION
SUPPLY GROWTH GROWTH
▪ Growing apartment sector ▪ Ireland remains the fastest-growing ▪ Young and steadily growing population of
▪ Housing supply shortage will not be resolved economy in Europe Irish-born and international workforce
for many years: 2017 Ireland housing ▪ 66,800 new jobs created and 7.8% GDP ▪ Population grew from 4.57M in 2011 to 4.79M
completions were 14,446(1) while annual new growth in 2017(3) in 2017 (4)
household formation is estimated at 30,000- ▪ Falling unemployment and upward pressure ▪ These trends are predicted to continue for the
50,000(2) on employee compensation foreseeable future
▪ Renting is stimulated by government policy ▪ Significant investment in the Irish economy
and central bank mortgage limits from multinational corporations in the
▪ Brexit has a positive effect for rentals technology and services sector
▪ Ireland is a strong foreign direct investment
base for employers
(1) Source: Department of Housing
(2) Source: Economic and Social Research Institute and Daft.ie
(3) Source: Central Statistics Office- Q4 2017 Labor Force Survey 22
(4) Source: Central Statistics Office - CSO statistical release, 28
September 20172018 Investor Presentation Irish Residential Properties REIT plc
Economic Growth
Strong 2017 GNP growth and forecast Unemployment is dropping
for 2018
9.0%
10.0% 2,150 16.0%
9.0% 2,100 14.0%
6.9%
2,050
6.6%
8.0%
12.0%
2,000
5.7%
7.0%
1,950 10.0%
6.0%
4.2%
5.0% 1,900 8.0%
3.3%
3.3%
4.0% 1,850 6.0%
3.0% 1,800
4.0%
2.0% 1,750
1,700 2.0%
1.0%
0.0% 1,650 -
Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q3 Q1 Q2
2012
2015
2017
2013
2014
2016
2018F
09 09 10 10 11 11 12 12 13 13 14 14 15 15 16 16 17 18
Total employment ('000)
Source: Central Statistics Office, Central Bank of Ireland Source: Central Statistics Office
232018 Interim Results Irish Residential Properties REIT plc
Population Growth
Growing Irish Population Population growth is supportive by the highest birth rate in Euro
4,850 200
Change in Population (in thousands)
4,800 150
Population (in thousands)
4,750 100
4,700 42.4 51.7 52.9
50 20.1 18.8 21 30.7
4,650
0
4,600
4,550 -50
4,500 -100
4,450 -150
2011 2012 2013 2014 2015 2016 2017
2011 2012 2013 2014 2015 2016 2017
Births Deaths Immigrants Emigrants Net Population Change
Source: Central Statistics Office
Source: Central Statistics Office
24Positive Outlook
Intensification, Developments
and Accretive Acquisitions
• Opportunity to increase portfolio units by c. 25% from
current owned sites, subject to successful planning
permission
• Development and acquisition capacity of c. €160 million
Strong Real Estate
Fundamentals
• Growing Irish Economy
• Significant Supply and Demand
Imbalance
Sustainable Growing Asset
Values, Earnings & Dividends
Grand Central – Sandyford, Dublin 18 252018 Interim Results Irish Residential Properties REIT plc
Sustainable Growing Dividends
Dividends Per Share
Residential sector with high quality assets give long-term,
sustainable and steady returns (cents)
6.0
Sustained rental growth being achieved in
the Dublin residential lettings market 5.0
5.2
4.90
4.9
+ 4.0
3.15
3.0
2.50
Strong development pipeline for I-RES 3.15
2.0 2.6
2.50
=
1.0
2016 2017 H1 2018
Growing dividends for I-RES Shareholders Dividends Per Share(cents)
26IRISH RESIDENTIAL PROPERTIES REIT plc
Strong Governance
Board of Directors
Declan Moylan Margaret Sweeney David Ehrlich
Independent Non-Executive Chairman I-RES CEO & Executive Director Non-Executive Director, President and CEO of CAPREIT
(Investment Manager Nominee)
• Former Managing Partner and Former Chairman • Former CEO of daa plc (Dublin Airport Authority) • Former Chief Executive Officer of I-RES from its flotation
of Mason Hayes & Curran and Chairman of the and Postbank Ireland Limited on the Irish Stock Exchange in April 2014 to 1 November
firm’s International Practice Group 2017
• Led the development of commercial property
• Represented and advised a large number of high portfolio at Dublin and Cork Airports, including • Senior partner at Stikeman Elliott LLP for over ten years
profile public and private sector clients including Dublin Airport Horizon Logistics Business Park until 31 December 2013
assisting multinationals in establishing and Cork Airport Business Park
headquarters in or entering the market in Ireland • Focused his practice since 1986 on the public real estate
markets and was involved in creating the REIT industry in
• Currently non-executive director on the board of
Canada, including the formation of CAPREIT
Dalata Hotel Group plc
• Currently a trustee of European Commercial Real Estate
• Sits on the Council of the Institute of Chartered
Investment Trust (TSXV:ERE.UN)
Accountants in Ireland and formerly sat on the
Governing Body of Dublin City UniversityIRISH RESIDENTIAL PROPERTIES REIT plc
Strong Board
Aidan O’Hogan Joan Garahy Phillip Burns Tom Kavanagh
Independent Non- Independent Non-Executive Director Non-Executive Director Independent Non-Executive Director
Executive
and Senior Independent • Former CEO of Corestate Capital, • Former Partner at Deloitte
Director an investment manager focused Ireland, experience in professional
• Former Managing Director of on distressed real estate
• Fellow of the Society of HBCL Investments & Pensions practice as a business advisor,
transactions in Europe and corporate restructuring expert
Chartered Surveyors Ireland and (now Wellesley Investments and Former Managing Director at and insolvency practitioner
past president of Irish Pensions Limited) and Director Terra Firma Capital Partners
Association of Valuers Institute of Investments at HC Financial
Services • Has advised on the restructuring
• Founder and Principal of Maple
• Retired as Chairman of Savills of distressed Irish property assets
Knoll Capital and has been and has served as a director on
Ireland in 2009 after 40 years as a • Currently a member of the board involved as a principal or advisor the boards of a number of private
real estate professional of directors of Kerry Group plc in transactions with an aggregate companies as well as a member of
(ISE: KRZ) value of over €20.0 billion, with
• Currently Council Member of the board of the Credit Union
over 70% centred around real Restructuring Board from 2012-
Property Industry Ireland having • Has 28 years of experience of estate 2014
been its Chair from 2012 to 2015 advising on and managing
investment funds • Currently CEO and a trustee of
• Former non-executive director of • Continues to provide consulting
European Commercial Real Estate services to Deloitte Ireland until
Cairn Homes plc
Investment Trust (TSXV:ERE.UN) December 31, 2018IRISH RESIDENTIAL PROPERTIES REIT plc
Management Arrangements Summary
• IRES Fund Management Limited (“IRES Fund”), an indirect wholly owned subsidiary of CAPREIT, became authorised as an AIFM on
November 2015 for initial term of 5 years from that date.
• The Company may internalise at no cost after the initial term of the IMA.
• Pursuant to the IMA, the Company pays annual management fees (the “Management Fee”) equal to 0.5% of the Company’s Asset
Management NAV(1) and 3% of gross rental income to IRES Fund. This is the total fee to the Company.
• CAPREIT Limited Partnership provides property management, administrative, financial, due diligence, marketing, IT and other services to
IRES Fund pursuant to the terms of a services agreement. The fees owing to CAPREIT Limited Partnership under the services agreement
are paid out of the Management Fees.
• Options up to a maximum of 10% of shares outstanding may be issued under the Company’s long-term incentive plan
• Options will have a maximum life of 7 years and vest at a rate of 1/3rd each year
Notes: (1) The Company’s Asset Management NAV is the figure used for the purpose of calculating the annual fees under the AIFM agreement and the IMA, which from January to June in each year is based on the prior 31
December independent valuation adjusted for acquisitions and/or disposals in January to June of that year, and which from July to December in each year is based on the prior 30 June independent and/or Board valuation (as
applicable) adjusted for acquisition and/or disposals in July to December of that year.
29IRISH RESIDENTIAL PROPERTIES REIT plc Appendix 1 Portfolio Details
2018 Interim Results Irish Residential Properties REIT plc
HighQuality Portfolio
Value as at Commercial space owned
Property Location Year Built # apartments owned(1) Average mthly rent per apt.(1) (2) Occupancy (1) (2)
30 June 2018(1) (sqm)(1)
Sandyford
1 BSQ 2007/2008 225 € 90.6m 2,395 € 1,800 91.10%
2 Grande Central 2007 65 € 24m - € 1,691 100.00%
3 Rockbrook Grande Central 2007 81 € 32.4m 3,529 € 1,631 100.00%
4 Rockbrook South Central 2007 189 € 85.3m 1,136 € 1,647 100.00%
5 Forum 2007 8 € 2.7m - € 1,737 100.00%
6 The Maple 2017 68 € 28.5m - € 2,022 100.00%
Total 636 € 263.5m 7,060 € 1,745
Dublin City Centre
7 Kings Court 2006 83 € 21.8m 566 € 1,421 98.80%
8 The Marker 2012 85 € 68.1m 1,218 € 2,779 98.80%
9 Bakers Yard 2007/2008 85 € 23.7m 792 € 1,426 98.80%
10 City Square 2006 23 € 6.6m 57 € 1,527 95.70%
Total 276 € 120.2m 2633 € 1,850
Tallaght
11 Priorsgate 2007 103 € 23.5m 2,538 € 1,178 100.00%
12 The Laurels 2007 19 € 4.0m 190 € 1,252 100.00%
13 Tallaght Cross West 2008 442 € 102.6m 18,344 € 1,267 99.80%
Total 564 € 130.1m 21,072 € 1,250
Inchicore/Drimnagh
14 Camac Crescent 2008 90 € 21.0m - € 1,361 100.00%
15 Lansdowne Gate 2005 224 € 68.3m - € 1,570 99.60%
16 Tyrone Court 2014 95 € 25.7m - € 1,521 98.90%
Total 409 € 115m - € 1,513
Finglas
17 Charlestown 2007 235 € 65.2m - € 1,359 100.00%
Total 235 € 65.2m - € 1,359
Other
18 Bessboro – Terenure 2008 40 € 14.4m - € 1,637 100.00%
19 Elmpark Green – Merrion 2006 201 € 67.8m - € 1,558 99.50%
20 Coldcut Park – Clondalkin 2012 90 € 20.6m - € 1,434 100.00%
Total Other 331 € 102.8m - € 1,534
Total investment properties owned as at 31 December 2017 2,451 €796.8m 30,765 €1,539 99.6%
21 Hansfield Wood - Ongar 2018 29 € 29.8m - € 1,972 89.70%
22 Hampton Wood - Finglas 2018 128 € 41.9m € 1,454 83.60%
Total investment properties owned as at 30 June 2018 2,608 € 868.5m 30,765 €1,539 98.7%
Note: (1) As at 30 June 2018
(2) Based on residential apartments.
31Superior Dublin Locations
SANDYFORD
22 01 BEACON SOUTH QUARTER 12 THE LAURELS
17 Tallaght D24 (19 units)
Sandyford D18 (225 Units)
02 GRANDE CENTRAL 13 TALLAGHT
Sandyford D18 (65 Units) CROSS WEST
21
Tallaght D24 (442 Units)
03 ROCKBROOK
GRANDE CENTRAL INCHICORE DRIMNAGH
Sandyford D18 (81 Units) 14 CAMAC CRESCENT
Inchicore D8 (90 units)
09 04 ROCKBROOK
SOUTH CENTRAL 15 LANSDOWNE GATE
Sandyford D18 (189 units) Drimnagh D12 (224 Units)
05 THE FORUM 16 TYRONE COURT
20 07 10 Sandyford D18 (8 units) Inchicore D8 (95 Units)
16 08
06 THE MAPLE FINGLAS
14 17 CHARLESTOWN
Sandyford D18 (68 Untis)
Finglas D11 (235 Units)
18 DUBLIN CITY CENTRE
15 07 KINGS COURT 22 HAMPTON WOOD
Sandyford D7 (83 Units) Finglas, D11 (128 Units)
19
08 THE MARKER OTHER
Docklands D2 (84 Units) 18 BESSBORO
Terenure D6 (40 Units)
09 BAKERS YARD
12 Portland Street North D1 (85 19 ELMPARK GREEN
Units) Merrion Road D4 (201 Units)
11 13 02
05 06 10 CITY SQUARE 20 COLDCUT PARK
03 Gloucester St D2 (23 units) Clondalkin D22 (90 Units)
01 04
TALLAGHT 21 HANSFIELD WOOD
11 PRIORSGATE *Under Construction*
Ongar, D15 (99 Units)
32
Tallaght D24 (103 Units)B e a c o n S o u t h Q u a r t e r, S a n d y f o r d , D u b l i n 1 8
Beacon South Quarter
Property Details(1) Building Features:
▪ Dedicated residential concierge
Year Built: 2007/2008 reception and underground car
parking spaces
# of apartments owned: 225
▪ High specification kitchens with
Total # of apartments: 880 fully fitted integrated appliances
▪ Gas fired central heating
Valuation as at 30 June: €90.6m
▪ CCTV security systems with security
Passing rent as at 30 June: €5.7m (annualised) intercom
▪ Extensive landscaped grounds
AMR per apartment as at 30 June: €1,800
Occupancy as at 30 June: 99.1%
Commercial Area: 2,395 sqm (25,777 sq.ft.) Neighbourhood Features:
▪ 10km to Dublin city centre
▪ Transport links include: The
Apartment Breakdown Stillorgan LUAS stop, Close to the
M50 interchange
One Bedroom 26
▪ Close to UPMC Beacon Hospital
Two Bedroom 173 ▪ Close to BSQ Shopping Centre
Three Bedroom 26
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcRo c k b r o o k , S a n d y f o r d , D u b l i n 1 8
Grande Central
Property Details(1) Building Features:
▪ Central heating and internet
Year Built: 2007 ▪ Modern furniture and finishes with
dishwashers, dryers and washers
# of apartments owned: 65
▪ Large balconies and basement
Total # of apartments: 195 parking
▪ Ensuite bathrooms
Valuation as at 30 June: €24.0m
Passing rent as at 30 June: €1.3m (annualised)
AMR per apartment as at 30 June: €1,691 Neighbourhood Features:
▪ Opposite the Stillorgan LUAS rail
Occupancy as at 30 June: 100.0% system stop
Commercial Area: N/A ▪ Area is serviced by numerous bus
routes
▪ Near UPMC Beacon Hospital and
Apartment Breakdown other area amenities
▪ Microsoft, Vodafone, Volkswagen,
One Bedroom 10 Bewleys and other large employers
in the area
Two Bedroom 34
Three Bedroom 21
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcRo c k b r o o k , S a n d y f o r d , D u b l i n 1 8
Rockbrook Grande Central
Property Details(1) Building Features:
▪ Central heating and internet
Year Built: 2007 ▪ Modern furniture and finishes with
dishwashers, dryers and washers
# of apartments owned: 81
▪ Large balconies and basement
Total # of apartments: 195 parking
▪ Ensuite bathrooms
Valuation as at 30 June: €32.4m
Passing rent as at 3o June: €1.8m (annualised)
AMR per apartment as at 30 June: €1,631 Neighbourhood Features:
▪ Opposite the Stillorgan LUAS rail
Occupancy as at 30 June: 100.0% system stop
Commercial Area: 3,529sqm (37,986 sq.ft.) ▪ Area is serviced by numerous bus
routes
▪ Near UPMC Beacon Hospital and
Apartment Breakdown other area amenities
▪ Microsoft, Vodafone, Volkswagen,
One Bedroom 13 Bewleys and other large employers
in the area
Two Bedroom 65
Three Bedroom 3
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcRo c k b r o o k , S a n d y f o r d , D u b l i n 1 8
Rockbrook South Central
Property Details(1) Building Features:
▪ Central heating and internet
Year Built: 2007 ▪ Modern furniture and finishes with
dishwashers, dryers and washers
# of apartments owned: 189
▪ Large balconies and basement
Total # of apartments: 224 parking
▪ Ensuite bathrooms
Valuation as at 30 June: €85.3m
Passing rent as at 30 June: €3.8m (annualised)
AMR per apartment as at 30 June: €1,647 Neighbourhood Features:
▪ Opposite the Stillorgan LUAS rail
Occupancy as at 30 June: 100.0% system stop
Commercial Area: 1,136sqm (12,228 sq.ft.) ▪ Area is serviced by numerous bus
routes
▪ Near UPMC Beacon Hospital and
Apartment Breakdown other area amenities
▪ Microsoft, Vodafone, Volkswagen,
One Bedroom 33 Bewleys and other large employers
in the area
Two Bedroom 138
Three Bedroom 18
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcForum, Sandyford, Dublin 18
The Forum
Property Details(1) Building Features:
▪ Modern residential development
Year Built: 2007 with 11 secure underground car
parking
# of apartments owned: 8
▪ Video-com secure entrance system
Total # of apartments: 127 to lobbies
▪ Balconies with decking from
Valuation as at 30 June: €2.7m
apartments
Passing rent as at 30 June: €0.2m (annualised) ▪ Natural stone and fully tiled
bathrooms
AMR per apartment as at 30 June: €1,737
Occupancy as at 30 June: 100.0%
Commercial Area: N/A Neighbourhood Features:
▪ Highly accessible suburban location
with good transport links to the city
Apartment Breakdown centre, M50 and airport
▪ Adjacent to the Institute of
One Bedroom 1 Leadership, Royal College of
Surgeons in Ireland, Reservoir
Two Bedroom 7 House and the LUAS Green line
Three Bedroom 0 ▪ Adjacent to the Rockbrook and
Beacon South Quarter portfolios
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcB e a c o n S o u t h Q u a r t e r, S a n d y f o r d , D u b l i n 1 8
The Maple
Property Details(1) Building Features:
▪ Fully fitted integrated appliances
Year Built: 2017 and state-of-the-art kitchens
# of apartments owned: 68 ▪ Dedicated residential concierge
reception
Total # of apartments: 68 ▪ Private garden area with extensive
Valuation as at 30 June: €28.5m landscaped grounds
▪ Timber interior doors with laminate
Passing rent as at 30 June: €1.7m (annualised) flooring
AMR per apartment as at 30 June: €2,022
Occupancy as at 30 June: 100.0%
Neighbourhood Features:
Commercial Area: N/A ▪ Prime suburban location
approximately 10 km south of
Dublin City Centre
Apartment Breakdown ▪ Conveniently located near Stillorgan
LUAS stop and other transportation
One Bedroom 4 links, such as the M50 interchange
▪ Close to UPMC Beacon Hospital and
Two Bedroom 55 BSQ Shopping Centre
Three Bedroom 9
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcNorth King Street, Smithfield, Dublin 7
Kings Court
Property Details(1) Building Features:
▪ Basement car park
Year Built: 2006 ▪ Fully furnished with modern finishes
# of apartments owned: 83 ▪ Balconies and communal garden
with secure access through
Total # of apartments: 83 electronic gates
▪ Intercom access
Valuation as at 30 June: €22.0m
Passing rent as at 30 June: €1.5m (annualised)
AMR per apartment as at 30 June: €1,421 Neighbourhood Features:
▪ Walk to LUAS red line with
Occupancy as at 30 June: 98.8% Smithfield and Four Courts stops
Commercial Area: 566sqm (6,092 sq.ft.) within 500m
▪ Near Dublin Institute of Technology,
The Law Society of Ireland, The Four
Apartment Breakdown Courts, Smithfield Market, Phoenix
Park and Rotunda Hospital
One Bedroom 25 ▪ Phoenix Park close by with over
1,700 acres of activities
Two Bedroom 54
Three Bedroom 4
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcGrand Canal Square, Docklands, Dublin, Dublin 2
The Marker
Property Details(1) Building Features:
▪ State-of-the-art kitchens with
Year Built: 2012 integrated appliances and worktops
▪ Stylish ensuite bathrooms with floor
# of apartments owned: 85
to ceiling marble walls and
Total # of apartments: 105 underfloor heating
▪ Internal courtyard with stylish rock
Valuation as at 30 June: €68.1m
pond
Passing rent as at 30 June: €3.2m (annualised) ▪ Exclusive membership access to the
hotel leisure facilities
AMR per apartment as at 30 June: €2,779
Occupancy as at 30 June: 98.8%
Commercial Area: 1,218 sqm (13,111 sq.ft.) Neighbourhood Features:
▪ Walking distance from the Dublin
Convention Centre, The 3Arena,
Apartment Breakdown Aviva Stadium and Croke Park and
Grafton Street
One Bedroom 0 ▪ Access to the DART at Barrow
Street and the LUAS tram line in the
Two Bedroom 85 North Docklands
Three Bedroom 0
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcN o r t h Po r t l a n d S t r e e t , D u b l i n , D u b l i n 1
Bakers Yard
Property Details(1) Building Features:
▪ Private landscaped courtyards
Year Built: 2007/2008 ▪ Fully fitted kitchen, living room and
bedrooms in all apartments
# of apartments owned: 85
▪ High quality ceramic wall and floor
Total # of apartments: 132 tiles to bathrooms and ensuites
throughout
Valuation as at 30 June: €23.7m
Passing rent as at 30 June: €1.5m (annualised)
AMR per apartment as at 30 June: €1,426 Neighbourhood Features:
▪ Walking distance to city centre
Occupancy as at 30 June: 98.8% ▪ Overlooking Croke Park Stadium
Commercial Area: 792 sqm (8,525 sq.ft.) ▪ Close to Dorset Street / Drumcondra
Road quality Bus Corridor and
Drumcondra suburban rail station
Apartment Breakdown with access to the LUAS, DART,
suburban rail services
One Bedroom 13 ▪ Close to Mater Hospital, IFSC, DIT
Two Bedroom 60
Three Bedroom 12
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcCity Square, Gloucester Street, Dublin 2
City Square
Property Details(1) Building Features:
▪ Modern development with 6 secure
Year Built: 2006 underground car parking
▪ Ground floor office suite is let to
# of apartments owned: 23
tenant on 2-year FRI lease
Total # of apartments: 27
Valuation as at 30 June: €6.6m
Neighbourhood Features:
Passing rent as at 30 June: €0.4m (annualised) ▪ Excellent Liffey side location near
AMR per apartment as at 30 June: €1,527 Trinity College, College Green, Tara
Street, Custom House Quay and
Occupancy as at 30 June: 95.7% O’Connell Bridge
Commercial Area: 57 sqm (613 sq.ft.) ▪ Convenient to Grafton Street, the
IFSC, Grand Canal Dock, the LUAS,
DART
Apartment Breakdown ▪ Close to bus routes, shops,
restaurants, leisure facilities,
One Bedroom 15 cinemas, hotels, colleges &
universities, business and office
Two Bedroom 8 hubs
Three Bedroom 0
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcG r e e n h i l l s Ro a d , Ta l l a g h t , D u b l i n 2 4
Priorsgate
Property Details(1) Building Features:
▪ Courtyard garden
Year Built: 2007 ▪ Spar and Unicare Pharmacy on site
# of apartments owned: 103 ▪ Fully furnished bright and spacious
accommodation with balconies
Total # of apartments: 199 ▪ Underground parking intercom
access
Valuation as at 30 June: €23.5m
Passing rent as at 30 June: €1.6m (annualised)
AMR per apartment as at 30 June: €1,178 Neighbourhood Features:
▪ Connected to the city via the LUAS
Occupancy as at 30 June: 100.0% rail system, and bus links
Commercial Area: 2,538sqm (27,316 sq.ft.) ▪ Tallaght Hospital and Tallaght
Institute of Technology and IDA
Technology Park in the area
Apartment Breakdown ▪ The Square Shopping Centre
located nearby
One Bedroom 49
Two Bedroom 48
Three Bedroom 5
Four Bedroom 1
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcM a i n S t r e e t , Ta l l a g h t , D u b l i n 2 4
The Laurels
Property Details(1) Building Features:
▪ Underground parking
Year Built: 2007 ▪ Central heating
# of apartments owned: 19 ▪ Fully furnished
▪ Terraces or balconies in all
Total # of apartments: 19 apartments
Valuation as at 30 June: €4.0m
Passing rent as at 30 June: €0.3m (annualised) Neighbourhood Features:
AMR per apartment as at 30 June: €1,252 ▪ Close proximity to The Square
Shopping Centre and Tallaght
Occupancy as at 30 June: 100.0% Institute of Technology
Commercial Area: 190 sqm (2,045 sq.ft.) ▪ Well serviced by the LUAS RED Line
and other bus routes
▪ Close to N81 Tallaght bypass 12km
Apartment Breakdown south west of Dublin City Centre
▪ Close to Tallaght Stadium and
One Bedroom 4 Tallaght Hospital
Two Bedroom 13
Three Bedroom 2
Note: (1) As at 31 December 2017
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcTa l l a g h t C r o s s We s t , Ta l l a g h t , D u b l i n 2 4
Tallaght Cross West
Property Details(1) Building Features:
▪ Bright and spacious accommodation
Year Built: 2008 with fully fitted kitchens and
bathrooms
# of apartments owned: 442
▪ Secure underground parking
Total # of apartments: 507 ▪ Monitored CCTV security system
throughout and video entry phone
Valuation as at 3o June: €102.6m
system
Passing rent as at 30 June: €7.4m (annualised)
AMR per apartment as at 30 June: €1,267
Neighbourhood Features:
Occupancy as at 30 June: 99.8% ▪ Ireland’s third largest population
Commercial Area: 18,344sqm (197,453 sq.ft.) centre after Dublin City and Cork
▪ Approx. 11km from Dublin City
Centre and approx. 3km from the
Apartment Breakdown M50 motorway
▪ In proximity to Tallaght Hospital,
One Bedroom 161 South Dublin County Council, The
Square Shopping Centre, and
Two Bedroom 237 Tallaght IT (3rd level education
Three Bedroom 44 institute)
▪ Close to City West Business
Campus, City West Hotel, and
Tallaght Stadium
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcTu r v e y Av e n u e , I n c h i c o r e , D u b l i n 8
Camac Crescent
Property Details(1) Building Features:
▪ Laminate wood flooring
Year Built: 2008 ▪ High gloss kitchens with
washer/dryers and microwaves
# of apartments owned: 90
▪ Large balconies and courtyard
Total # of apartments: 110 garden
▪ Intercom access
Valuation as at 30 June: €21.0m
▪ Secure underground parking
Passing rent as at 30 June: €1.5m (annualised)
AMR per apartment as at 30 June: €1,361
Neighbourhood Features:
Occupancy as at 30 June: 100.0%
▪ Close to LUAS rail system
Commercial Area: N/A ▪ St James's Hospital, Irish Museum of
Modern Art and Inchicore College
are nearby
Apartment Breakdown ▪ Major employers such as Amazon
and Guinness are in the area
One Bedroom 21
Two Bedroom 49
Three Bedroom 20
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcLansdowne Gate, Drimnagh, Dublin 12
Lansdowne Gate
Property Details(1) Building Features:
▪ Spacious landscaped courtyard
Year Built: 2005 including: playground, a number of
cascading water features, seating
# of apartments owned: 224
areas, landscaped river garden and
Total # of apartments: 280 feature suspension cable pedestrian
bridge
Valuation as at 30 June: €68.3m ▪ Playground features high-end play
Passing rent as at 30 June: €4.2m (annualised) equipment and incorporates
outdoor gym equipment for adults
AMR per apartment as at 30 June: €1,570
Occupancy as at 30 June: 99.6%
Commercial Area: N/A
Neighbourhood Features:
▪ 5km to Dublin city centre
▪ Nestled between Lansdowne Valley
Apartment Breakdown Park and Pitch Putt Course
▪ Close to Our Lady's Children
One Bedroom 23 Hospital, Excellent transportation
links including: Bluebell Redline
Two Bedroom 146 LUAS stop
Three Bedroom 55
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcTy r o n e C o u r t , I n c h i c o r e , D u b l i n 8
Tyrone Court
Property Details(1) Building Features:
▪ Underground car parking
Year Built: 2014 ▪ Each apartment has its own private
balcony
# of apartments owned: 95
▪ Attractive fully tiled bathrooms
Total # of apartments: 131 ▪ Stylish kitchens with integrated
appliances
Valuation as at 3o June: €25.7m
Passing rent as at 30 June: €1.7m (annualised)
AMR per apartment as at 30 June: €1,521 Neighbourhood Features:
▪ 500m from Drimnagh Station (LUAS
Occupancy as at 30 June: 98.9% Red Line)
Commercial Area: N/A ▪ Area is serviced by numerous bus
stops
▪ AOL, Health Service Executive,
Apartment Breakdown Eircom and Guinness are other large
employers in the area
One Bedroom 24
Two Bedroom 64
Three Bedroom 3
Duplex 4
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcCharlestown Place, Finglas, Dublin 11
Charlestown
Property Details(1) Building Features:
▪ CCTV security system with intercom
Year Built: 2007 system
▪ Fully tiled bathrooms with
# of apartments owned: 235
contemporary sanitary ware
Total # of apartments: 285 ▪ Cherry wood finished floors in
kitchen, living, bedroom areas
Valuation as at 3o June: €65.2m
▪ Central heating
Passing rent as at 30 June: €3.8m (annualised) ▪ Central landscaped garden and
children’s playground
AMR per apartment as at 30 June: €1,359
Occupancy as at 30 June: 100.0%
Commercial Area: N/A Neighbourhood Features:
▪ 7km to Dublin city centre and 5km
to Dublin Airport
Apartment Breakdown ▪ Close to Dublin City University
▪ Bus routes
One Bedroom 36 ▪ Located above a shopping centre
and in close proximity to IKEA
Two Bedroom 164
Three Bedroom 35
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcH a m p t o n Wo o d s , F i n g l a s , D u b l i n 1 1
Hampton Wood
Property Details(1) Building Features:
Year Built: 2018 ▪ Quality kitchen with quartz counter
tops and timber flooring tiles
# of apartments owned: 128
▪ Maximized storage with extensive
Total # of apartments: 128 wall units
▪ Large balconies and air to water
Valuation as at 30 June: €41.9m
central heating
Passing rent as at 30 June: €2.2m (annualised) ▪ Allocated car parking space for each
home with generous visitor parking
AMR per apartment as at 30 June: €1,454
Occupancy as at 30 June: 83.6%
Commercial Area: N/A Neighbourhood Features:
▪ Short distance from Dublin City
University, Dublin Airport with a
Apartment Breakdown regular bus service to Dublin City
Centre
One Bedroom 46 ▪ Conveniently located near excellent
retail and leisure amenities for
Two Bedroom 82 tenants including IKEA, Charlestown
Shopping Centre and Morton
Three Bedroom 0
Stadium
▪ Major local employers in the areas
include: DCU, Bristol Myers Squibb,
DHL and Dublin Airport
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 50 REIT plc
2018 Interim Results Irish Residential PropertiesB e s s b o r o , Te r e n u r e , D u b l i n 6
Bessboro
Property Details(1) Building Features:
▪ 64 underground car parking
Year Built: 2008 ▪ Gas fired central heating system and
pressurised water system
# of apartments owned: 40
▪ All apartments are fully furnished
Total # of apartments: 40 and have high electrical
specification
Valuation as at 3o June: €14.4m
▪ Fully tiled bathrooms & ensuites
Passing rent as at 30 June: €0.8m (annualised) ▪ Stainless steel appliances filled to all
kitchens
AMR per apartment as at 30 June: €1,637
Occupancy as at 30 June: 100.0%
Commercial Area: N/A Neighbourhood Features:
▪ Only 7 kilometres from Dublin’s City
Centre
Apartment Breakdown ▪ Walking distance to schools, shops,
bars and restaurants
One Bedroom 6
▪ In close proximity to Bushy Park,
Two Bedroom 32 golf and rugby clubs
Three Bedroom 2
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcE l m p a r k , M e r r i o n Ro a d , D u b l i n 4
Elmpark Green
Property Details(1) Building Features:
▪ Solid oak entrance doors and full
Year Built: 2006 height oak finished internal doors
▪ Under floor heating throughout with
# of apartments owned: 201
individual thermostat
Total # of apartments: 332 ▪ Custom designed fitted kitchens
with polished stone worktops and
Valuation as at 30 June: €67.8m
integrated appliances
Passing rent as at 30 June: €3.8m (annualised) ▪ Large winter gardens/balconies with
glazed balustrading and timber
AMR per apartment as at 30 June: €1,558 decking
Occupancy as at 30 June: 99.5%
Commercial Area: N/A
Neighbourhood Features:
▪ 3 nearby shopping centres (Merrion,
Apartment Breakdown Blackrock and Frascati Shopping
Centres)
One Bedroom 101 ▪ Numerous hospitals and colleges in
the immediate vicinity
Two Bedroom 96 ▪ Leisure facilities in the area with Elm
Three Bedroom 4 Park Golf and Sports Club, Railway
Union Sports Club and Blackrock
Park on its doorstep
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcC o l d c u t Ro a d , C l o n d a l k i n , D u b l i n 22
Coldcut Park
Property Details(1) Building Features:
▪ High energy efficiency gas fired
Year Built: 2012 central heating
▪ Painted timber framed double
# of apartments owned: 90
glazed windows and doors
Total # of apartments: 93 ▪ Stylish fully fitted kitchens with all
modern appliances
Valuation as at 30 June: €20.6m
Passing rent as at 30 June: €1.5m (annualised)
AMR per apartment as at 30 June: €1,434 Neighbourhood Features:
▪ Extensive local amenities and leisure
Occupancy as at 30 June: 100.0% facilities including Liffey Valley
Commercial Area: N/A Shopping Centre
▪ Approximately 9km from Dublin city
centre, 1.6km to Park West and
Apartment Breakdown Cherry Orchard railway station,
5.4km to LUAS red line, close to
One Bedroom 18 M50 motorway
▪ Significant employers nearby
Two Bedroom 22 include Cherry Orchard Hospital,
Three Bedroom 33 Allianz, Applegreen, C&C Group plc
and Diageo
Four Bedroom 17
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment 2018 Interim Results Irish Residential Properties REIT plcH a n s f i e l d Wo o d , O n g a r, D u b l i n 1 5
Hansfield Wood
Property Details(1) Building Features:
Year Built: 2018 ▪ Attractive modern design with high
ceilings and large windows
# of apartments owned: 29
▪ Bright and spacious kitchens
Total # of apartments: 99 ▪ High pressure pump-fed showers
and air to water central heating
Valuation as at 30 June: €29.8m
system
Passing rent as at 30 June: €0.7m (annualised) ▪ Built in wardrobes
AMR per apartment as at 30 June: €1,972
Occupancy as at 30 June: 89.7% Neighbourhood Features:
Commercial Area: N/A ▪ Inner suburban commuter market
near Dublin
▪ Neighbourhood includes local
Apartment Breakdown employment, good transportation
links, good infrastructure (schools)
One Bedroom 0 and family friendly amenities
▪ Close to employers such as eBay,
Two Bedroom 0 Paypall, Xerox
Three Bedroom 29
Note: (1) As at 30 June 2018
AMR = Average monthly rent per apartment
2018 Interim Results Irish Residential Properties REIT plcYou can also read
