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BUILDING COMMUNITIES CREATING VALUE Preliminary Results 31 - - PowerPoint PPT Presentation

BUILDING COMMUNITIES CREATING VALUE Preliminary Results 31 December 2018 Irish Residential Properties REIT plc February 2019 D I S C L A I M E R Cautionary Statements This presentation has been prepared by Irish Residential Properties REIT


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SLIDE 1

Irish Residential Properties REIT plc

February 2019

Preliminary Results 31 December 2018

BUILDING COMMUNITIES CREATING VALUE

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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

  • bligation 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

  • r 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

D I S C L A I M E R

Cautionary Statements

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Irish Residential Properties REIT plc

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Overview

2018 Highlights Financial Results Investment Case Market Backdrop Operational Structure Scaled Asset Base Growth Opportunities Growing Dividends StrongGovernance High Quality Portfolio

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SLIDE 4

2018 Highlights –Strong Operating Performance

Net Rental Income (€ millions) Occupancy %

4

98.7 99.8 99.8

80.0 85.0 90.0 95.0 100.0

2016 2017 2018

30.6 36.3 41.2 12.0 17.0 22.0 27.0 32.0 37.0 42.0 47.0

2016 2017 2018

+13.5%

Irish Residential Properties REIT plc

Revenue from Investment Properties (€ millions)

38.8 44.7 50.6 15 20 25 30 35 40 45 50 55

2016 2017 2018

Average Monthly Rent (€)

1,427 1,517 1,599

1,300 1,350 1,400 1,450 1,500 1,550 1,600

2016 2017 2018

+13.2% +5.4%

Profit for 2018: €119.8m, +84% (2017: €65.1m) EPS for 2018: 28.0 cents, +79% (2017: 15.6 cents)

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SLIDE 5

2018 Highlights– Growing Values & Returns for Shareholders

EPRA NAV (€ millions) EPRA Earnings per Share (€ cents) Dividends per Share (€ cents)

5

469.6 504.2 619.6

100 200 300 400 500 600 700

2016 2017 2018

4.9 6.0 6.5 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0

2016 2017 2018

+22.9% +8.3%

4.9 5.2 5.6 1 2 3 4 5 6

2016 2017 2018 Irish Residential Properties REIT plc

EPRA Earnings EPRA Earnings €27.8m , +11.7% EPRA NAV per Share 31 December 2018; 142.0 cents, +19.8% (31 December 2017 ; 118.5 cents)

Portfolio Valuation (€ millions)

Portfolio 2679 units; Acquisitions and Developments +€77.5m; Fair value +€92.7m, +12.6%*

  • Av. Gross yield 6.1%

*Based on investment properties owned at 31 December 2017, excluding Hansfield Woods and Hampton Woods

Additional and Total Dividend Additional dividend of 3.0cents Total Dividend 2018, 5.6 cents , +7.7%

+7.7%

685.1 750.9 921.3 200 400 600 800 1000

2016 2017 2018

+22.7%

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2018 FINANCIAL RESULTS

Grande Central – Sandyford, Dublin 18

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Strong Operating Performance

HansfieldWood – Dublin 15

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For the Year Ended 31 December 2018 31 December 2017 % Increase/ Decrease

Revenue from Investment Properties(€,000) 50,608 44,693 13.2% Net Rental Income (€,000) 41,158 36,271 13.5% Profit (€,000) 119,785 65,079 84.0% Basic Earnings Per Share (cents) 28.0 15.6 79.5% EPRA Earnings Per Share (cents) 6.5 6.0 8.3%

As at 31 December 2018 31 December 2017 % Increase/ Decrease

Occupancy 99.8% 99.8%

  • Average Monthly Rent

€1,599 €1,517 5.4% Gross Yield 6.1% 6.6%

  • 0.5%

Total Number of Apartments 2,679 2,450 9.3%

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As At 31 December 2018 31 December 2017

Total Property Value € 921.3m € 750.9m Net Assets € 618.7m €504.0m EPRA Net Assets € 619.6m €504.2m Basic NAV per share (cents per share) 142.5 120.8 EPRA NAV per share (cents per share) 142.0 118.5 GroupTotal Gearing 33.6% 33.0% Acquisition Capacity (at 45% LTV)

  • c. €180 m

Grande Central – Sandyford, Dublin 18

8 130.2m 354.6m 315.2m 121.4m Value of Investment Properties By Location (€’m) City Centre Prime Suburbs Secondary Suburbs Inchicore/Drimnagh

Irish Residential Properties REIT plc

Strong Financial Position

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SLIDE 9

Investment Properties Portfolio Valuation as at 31 December 2018

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Irish Residential Properties REIT plc

Property Location Location Age # apartments owned

Value (€ millions) as at

% Change from 2017 31-Dec-18 30-Jun-18 31-Dec-17 City Centre 1 Kings Court Smithfield 12.5 83 € 23.7 € 21.8 € 21.3 11.3% 2 The Marker(5) Docklands 6.5 85 € 72.3 € 68.1 € 63.1 14.6% 3 Bakers Yard Dublin 11 86 € 26.2 € 23.7 € 22.5 16.4% 4 City Square Gloucester St 12.5 23 € 8.0 € 6.6 € 6.1 31.1% Total 277 € 130.2 € 120.2 € 113.0 15.2% Prime Suburbs 5 BSQ Sandyford 11 225 € 85.1 € 90.6 € 82.2 3.5% 6 Grande Central Sandyford 11.5 65 € 25.1 € 24.0 € 22.4 12.1% 7 Rockbrook Grande Central Sandyford 11.5 81 € 33.0 € 32.4 € 30.2 9.3% 8 Rockbrook South Central Sandyford 11.5 189 € 89.2 € 85.3 € 78.0 14.4% 9 Forum Sandyford 11.5 8 € 3.0 € 2.7 € 2.4 25.0% 10 The Maple Sandyford 1.5 68 € 31.5 € 28.5 € 27.7 13.7% 11 Bessboro Terenure 10.5 40 € 15.5 € 14.4 € 13.2 17.4% 12 Elmpark Green Merrion 12.5 201 € 72.2 € 67.8 € 63.7 13.3% Total 877 € 354.6 € 345.7 € 319.8 10.9% Secondary Suburbs 13 Priorsgate Tallaght 11.5 103 € 25.0 € 23.5 € 21.2 17.9% 14 The Laurels Tallaght 11.5 19 € 4.0 € 4.0 € 3.5 14.3% 15 Charlestown Finglas 11.5 235 € 65.8 € 65.2 € 59.9 9.8% 16 Tallaght Cross West Tallaght 10.5 442 € 110.1 € 102.6 € 91.0 21.0% 17 Coldcut Park Clondalkin 6.5 90 € 21.2 € 20.6 € 20.1 5.5% Total 889 € 226.1 € 215.9 € 195.7 15.5% Inchicore/Drimnagh 18 Camac Crescent Inchicore 10.5 90 € 21.7 € 21.0 € 20.4 6.4% 19 Lansdowne Gate Drimnagh 13.5 224 € 71.8 € 68.3 € 66.1 8.6% 20 Tyrone Court Inchicore 4.5 95 € 27.9 € 25.7 € 24.3 14.8% Total 409 € 121.4 € 115.0 € 110.8 9.6% Total for investment properties owned as at 31 December 2017 2,452 € 832.3 € 796.8 € 739.3 12.6% 21 Hansfield Wood I Ongar 1 99 € 37.3 € 29.8 € 11.6 221.6% Hansfield Wood II Ongar <1

  • € 10.5

n/a n/a n/a 22 Hampton Wood Finglas 1 128 € 41.2 € 41.9 n/a n/a Total for investment properties owned as at 31 December 2018 2,679 € 921.3 € 868.5 € 750.9 22.7%

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Net Asset Value Growth

435 469.6 504.2 619.6 104.3 112.5 118.5 142.0 100 120 140 160 350 400 450 500 550 600 650 2015 2016 2017 2018 Cents per share € millions

EPRA NAV

EPRA NAV EPRA NAV per share (cents)

EPRA NAV growth through accretive acquisitions and NRI growth, while maintaining LTV%

8.6% 31.3% 33.0% 33.6% 0% 10% 20% 30% 40% 50% 2015 2016 2017 2018

Total Group Gearing

LTV Target Max

Irish Residential Properties REIT plc

2018 Acquisition & Development Highlights

  • Hampton Woods, Dublin 15 – €40m acquisition, 128 apartments and 128 car park spaces acquired May 2018
  • HansfieldWood, Dublin 15 – €30m acquisition, 99 residential units developed and delivered in 2018
  • HansfieldWood, Dublin 15 – Pre-purchase agreement for 95 units due in Q3, 2020
  • Merrion Road, Dublin 4 – Pre-purchase agreement for 69 units due in Q4, 2020 (long-stop date Q4,2021)
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Attractive Market Backdrop

5 3 4

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Irish Residential Properties REIT plc

Strong Operational Structure (Local & Global) Attractive & Scaled Performing Asset Base Organic & Inorganic Growth Opportunities Strong Financial Performance

1 2

Strong economic fundamentals of the Irish economy Population growth Increasing foreign direct investment Local management team implementation

  • f growth strategy

Supported by CAPREIT a global market leader providing expertise, systems and technology platform 12.6% increase in the fair value of investment properties(1) As at 31 December 2018, invested c. €715m(2) in 2,679 apartments across Dublin Investments of €77.7m made in 2018 Pipeline of future asset growth of c.30% from owned sites and forward purchase transactions announced 13.5% increase in Net Rental Income to €41.2m (2017: €36.3m) 31 December 2018 Dividend yield 4.14% (31 December 2017: 3.47%)

1. Excluding the 2018’s acquisition of Hampton Woods and Hansfield Wood (phase I and phase II developments) 2. Including VAT and other transaction costs

Compelling Investment Case

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Market Update

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Demand Outweighs Supply

  • Growing apartment sector
  • Housing supply shortage – 2018

Ireland dwelling completions were 18,072(1) while annual new household formation is estimated at 30,000 – 50,000(2)

  • Renting is stimulated by government

policy and central bank mortgage limits

  • Brexit is having a positive effect for

rentals

(1) Source: Central Statistics Office- 2018 (2) Source: Economic and Social Research Institute (ESRI) (3) Central Statistics Office and Central Bank of Ireland (4) Central Statistics Office

Economic Growth

  • Ireland remains among the

fastest-growing economies in Europe

  • 50,500 new jobs created and

estimated GDP growth of 7.5% in 2018 (3)

  • Falling unemployment and

upward pressure on employee compensation

  • Significant investment in the

Irish economy from multinational corporations in the technology and services sectors

Population Growth

  • Young and steadily growing

population of Irish-born and international workforce

  • Population grew from 4.57m in

2011 to 4.86m in 2018(4)

  • These trends are predicted to

continue for the foreseeable future

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Irish Residential Properties REIT plc

Market Update

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Irish Residential Properties REIT plc

Economic Growth

Source: Central Statistics Office, Central Bank of Ireland

2 4 6 8 10 12 14 16 18 1,500 1,750 2,000 2,250 2,500 Q198 Q102 Q106 Q110 Q114 Q118 '000

Total Employment

Total Employment ('000) Unemployment % (RHS)

1.3% 8.8% 25.1% 5.0% 7.2% 7.5% 4.4% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 2013 2014 2015 2016 2017 2018F 2019F

Irish GDP Growth

2,500 3,000 3,500 4,000 4,500 5,000

  • 50

50 100 150

Drivers of Population Change '000

Natural increase Net migration Population

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Technology and Systems Staff T raining Knowledge & Experience Hands-on Approach Resident Communications

Irish Residential Properties REIT plc

Build a growing portfolio of high- quality residential assets in desirable areas Deliver industry leading professional property management with 24/7 service and support Attract and retain high-quality clients Generate stable and growing dividends for I-RES REIT shareholders

Strong Operating and Investment Management Model

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Irish Residential Properties REIT plc

Investment Management

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 48,180 residential units in Canada and 3,348 residential units in Europe

(1)

By leveraging the global expertise, systems and technology platforms of CAPREIT, IRES Fund Management delivers a superior tenant experience and performance for shareholders

  • 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.

  • I-RES Fund has the ability to serve 12 months notice of the termination of

the IMA after 1 November, 2019.

  • Ires REIT (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.

  • 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

  • ut 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, will have a maximum life

  • f 7 years and vest at a rate of 1/3rd each year

Investment Management Arrangements Summary

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.

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Development of Existing I-RES Properties

  • Opportunity to add approximately

628(1)apartments at currently-owned I-RES properties

  • Foundation infrastructure (e.g. parking)

already in place.

  • Infill and conversion opportunities are

available on currently-owned commercial properties

Note:(1) subject to planning and any other approvals.

Development Partnerships

Forward purchase agreements with local builders and developers for new supply of multi-family and single- family units

Strategies For Growth

Acquisition of Completed Assets

  • Continued evaluation of new acquisition
  • pportunities in attractive urban locations
  • Following criteria considered:
  • Good transportation links and

community infrastructure – in particular, schools

  • Local employment
  • Family-friendly neighbourhoods

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Irish Residential Properties REIT plc

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SLIDE 18

Acquisitions and Development Partnerships 2018

HansfieldWood , Dublin 15

I-RES made its first acquisition in partnership with a local builder at Hansfield Wood, Dublin 15.

  • Development of 99 residential units for total consideration of €30 million

(including VAT, but excluding other transaction costs), completed during 2018

  • 30-minute travel time via regular rail link to Dublin City Centre
  • Based on passing rents as at 31 December 2018, gross yield is 6.7%

On the 16 November 2018, I-RES announced a further agreement to acquire a 95 unit apartment building for a total consideration of €30 million in Hansfield Wood.

  • Practical completion of 95 units expected in Q3 2020
  • Expected gross yield is in the range of circa 6.58% - 7.11%

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Irish Residential Properties REIT plc

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Acquisitions and Development Partnerships 2018

Hampton Wood, Dublin 11

  • Acquisition completed on 21 May 2018, fully leased up by July 2018
  • A new block of 128 apartments, with 128 car parking spaces
  • Based on passing rents as at 31 December 2018, gross yield is 6.4%

On the 16 November 2018, I-RES entered into an agreement with a subsidiary of Dalata Hotel Group plc to acquire up to 69 residential units to be developed on the site of the Tara Towers Hotel, Merrion Road, Dublin 4 for up to €47.16m.

  • Dublin’s premier residential address where the high end units will appeal to a

host of potential occupiers

  • Completion of the residential units is expected in Q4 2020 (long-stop date Q4

2021)

  • Expected gross yield is in the range of 5.6% - 6.09%

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MerrionRoad, Dublin 4

Irish Residential Properties REIT plc

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  • Submitted planning applications for

628(1)apartments at currently-owned I-RES properties, of which planning permission for 80 apartments had been granted in 2018

  • Foundation infrastructure (e.g. parking)

already in place

  • Infill and conversion opportunities on

currently-owned commercial properties

Note:(1) Subject to planning and any other approvals. Irish Residential Properties REIT plc

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I-RES Development Sites

Name # Units at Completion Status

Tallaght Cross West 18 Planning permission granted Bakers Yard 61 Planning permission granted Coldcut (Conversion) 1 Planning permission granted Priorsgate (Bruce House) 31 Planning permission granted Priorsgate (Conversion) 5 Planning permission granted BSQ (B4) 84 Notification of Decision to Grant planning permission Rockbrook

  • c. 428

Planning application submitted in Dec 2018 Total 628 BSQ (B3) 45 Pre-Planning submission issued Total 673

Development of Existing I-RES Properties

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I R I S H R E S I D E N T I A L P R O P E R T I E S R E I T p l c

Strong Governance

Board of Directors

Declan Moylan

Independent Non- Executive Chairman

  • Former Managing Partner and

Former Chairman of Mason Hayes & Curran and Chairman of the firm’s International Practice Group

Margaret Sweeney

I-RES CEO & Executive Director

  • Former CEO of daa plc (Dublin

Airport Authority) and Postbank Ireland Limited. Former Director with KPMG.

Mark Kenney

Non- Independent and Non-Executive Director, (Investment Manager Nominee) (Joined the Board 1 January 2019)

  • Currently the President and Chief

Operating Officer of CAPREIT

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Aidan O’Hogan

Independent Non-Executive and Senior Independent Director

  • Fellow of the Society of Chartered

Surveyors Ireland and past president of Irish Auctioneers and Valuers Institute

  • Former Chairman of Savills Ireland

Joan Garahy

Independent Non-Executive Director

  • Currently a member of the board of

directors of Kerry Group plc (ISE: KRZ)

  • Has 28 years of experience of advising
  • n and managing investment funds

Phillip Burns

Non-Independent and Non-Executive Director

  • Former Partner at Deloitte Ireland,

experience in professional practice as a business advisor, corporate restructuring expert and insolvency practitioner

Tom Kavanagh

Independent Non-Executive Director

  • Chief Executive Officer and trustee of

European Commercial Real Estate Investment Trust (TSXV:ERE.UN)

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SLIDE 22

3.15 2.50 4.90 3.15 2.50

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Irish Residential Properties REIT plc

Positive Outlook

Sustainable Growing Asset Values, Earnings & Dividends Strong Growth Pipeline and Opportunities

  • Opportunity to increase portfolio units by c. 30% from

current owned sites (subject to successful planning permissions), and forward purchase contracts

  • Development and acquisition capacity of c.€180 million
  • Completed acquisition of 52 residential units, The Coast,

for €14 million (including VAT but excluding other transaction costs) in February 2019 at an expected gross yield of 6.1% .

Strong Real Estate Fundamentals

  • Growing Irish Economy
  • Growing Population
  • Significant Housing Supply and Demand Imbalance
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Portfolio Details

IRISH RESIDENTIAL PROPERTIES REIT plc

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High Quality Portfolio

Note: (1) As at 31 December 2018 (2) Based on residential apartments

Irish Residential Properties REIT plc Property Location Year Built # apartments owned(1) Value as at 31 December 2018(1) Commercial space owned (sqm)(1) Average mthly rent per apt.(1) (2) Occupancy (1) (2) City Centre 1 Kings Court Smithfield 2006 83 € 23.7m 566 € 1,464 100.00% 2 The Marker Docklands 2012 85 € 72.3m 1,218 € 2,771 97.60% 3 Bakers Yard Portland Street North 2007/2008 86 € 26.2m 792 € 1,486 100.00% 4 City Square Gloucester Street 2006 23 € 8.0m 57 € 1,632 100.00% Total 277 € 130.2m 2,633 € 1,886 Prime Suburbs 5 BSQ Sandyford 2007/2008 225 € 85.1m 2,395 € 1,853 99.60% 6 Grande Central Sandyford 2007 65 € 25.1m

  • € 1,724

100.00% 7 Rockbrook Grande Central Sandyford 2007 81 € 33.0m 3,529 € 1,661 100.00% 8 Rockbrook South Central Sandyford 2007 189 € 89.2m 1,136 € 1,687 100.00% 9 Forum Sandyford 2007 8 € 3.0m

  • € 1,777

100.00% 10 The Maple Sandyford 2017 68 € 31.5m

  • € 2,046

100.00% 11 Elmpark Green Merrion 2006 201 € 72.2m

  • € 1,590

99.50% 12 Bessboro Terenure 2008 40 € 15.5m

  • € 1,657

100.00% Total 877 € 354.6m 7,060 € 1,735 Secondary Suburbs 13 Priorsgate Tallaght 2007 103 € 25.0m 2,538 € 1,199 99.00% 14 The Laurels Tallaght 2007 19 € 4.0m 190 € 1,286 100.00% 15 Charlestown Finglas 2007 235 € 65.8m

  • € 1,392

100.00% 16 Tallaght Cross West Tallaght 2008 442 € 110.1m 18,344 € 1,287 99.80% 17 Coldcut Park Clondalkin 2012 90 € 21.2m

  • € 1,457

100.00% Total 889 € 226.1m 21,072 € 1,322 Inchicore/Drimnagh 18 Camac Crescent Inchicore 2008 90 € 21.7m

  • € 1,401

100.00% 19 Lansdowne Gate Drimnagh 2005 224 € 71.8m

  • € 1,604

100.00% 20 Tyrone Court Inchicore 2014 95 € 27.9m

  • € 1,574

100.00% Total 409 € 121.4m

  • € 1,552

Total investment properties owned as at 31 December 2017 2,452 €832.2m 30,765 € 1,572 99.80% 21 Hansfield Wood Ongar 2018 99 € 37.3m

  • € 2,133

99.00% Hansfield Wood II Ongar 2018

  • € 10.5m
  • 22

Hampton Wood Finglas 2018 128 € 41.3m

  • € 1,716

100.00% Total investment properties owned as at 31 December 2018 2,679 € 921.3m 30,765 € 1,599 99.80%

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Superior Dublin Locations

15 03 02 12 11 04 16 05 01 21 23 22 07 08 06 13 17 14 09 10 18 20

DUBLIN CITY CENTRE 01 KINGS COURT Sandyford D7 (83 Units) 02 THE MARKER Docklands D2 (84 Units) 03 BAKERS YARD Portland Street North D1 (85 Units) 04 CITY SQUARE Gloucester St D2 (23 units) PRIME SUBURBS 05 BEACON SOUTH QUARTER Sandyford D18 (225 Units) 06 GRANDE CENTRAL Sandyford D18 (65 Units) 07 ROCKBROOK GRANDE CENTRAL Sandyford D18 (81 Units) 08 ROCKBROOK SOUTH CENTRAL Sandyford D18 (189 units) 09 THE FORUM Sandyford D18 (8 units) 10 THE MAPLE Sandyford D18 (68 Units) 11 ELMPARK GREEN Merrion Road D4 (201 Units) 12 BESSBORO Terenure D6 (40 Units) SECONDARY SUBURBS 13 PRIORSGATE Tallaght D24 (103 Units) 14 THE LAURELS Tallaght D24 (19 units) 15 CHARLESTOWN Finglas D11 (235 units) 16 TALLAGHT CROSS WEST Tallaght D24 (442 Units) 17 COLDCUT PARK Clondalkin D22 (90 Units) 18 HANSFIELD WOOD Ongar, D15 (99 Units) 19 HANSFIELD WOOD (II) Ongar, D15 (95 Units) 20 HAMPTON WOOD Finglas, D11 (128 Units) INCHICORE DRIMNAGH 21 CAMAC CRESCENT Inchicore D8 (90 units) 22 LANSDOWNE GATE Drimnagh D12 (224 Units) 23 TYRONE COURT Inchicore D8 (95 Units)

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Appendix 1 Portfolio Details

IRISH RESIDENTIAL PROPERTIES REIT plc

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SLIDE 27

North King Street, Smithfield, Dublin 7

Kings Court

Building Features:

  • Basement car park
  • Fully furnished with modern finishes
  • Balconies and communal garden

with secure access through electronic gates

  • Intercom access

Neighbourhood Features:

  • Walk to LUAS red line with

Smithfield and Four Courts stops within 500m

  • Near Dublin Institute of Technology,

The Law Society of Ireland, The Four Courts, Smithfield Market, Phoenix Park and Rotunda Hospital

  • Phoenix Park close by with over

1,700 acres of activities

Property Details(1)

Year Built: 2006 # of apartments owned: 83 Total # of apartments: 83 Valuation as at 31 Dec: €23.7m Passing rent as at 31 Dec: € 1,553m (annualised) AMR per apartment as at 31 Dec: € 1,464 Occupancy as at 31 Dec: 100% Commercial Area: 566sqm (6,092 sq.ft.)

Apartment Breakdown

One Bedroom 25 Two Bedroom 54 Three Bedroom 4

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

27

Irish Residential Properties REIT plc

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SLIDE 28

Grand Canal Square, Docklands, Dublin, Dublin 2

The Marker

Building Features:

  • State-of-the-art kitchens with

integrated appliances and worktops

  • Stylish ensuite bathrooms with floor

to ceiling marble walls and underfloor heating

  • Internal courtyard with stylish rock

pond

  • Exclusive membership access to the

hotel leisure facilities

Neighbourhood Features:

  • Walking distance from the Dublin

Convention Centre, The 3Arena, Aviva Stadium and Croke Park and Grafton Street

  • Access to the DART at Barrow

Street and the LUAS tram line in the North Docklands

Property Details(1)

Year Built: 2012 # of apartments owned: 85 Total # of apartments: 105 Valuation as at 31 Dec: €72.3m Passing rent as at 31 Dec: €3,179m (annualised) AMR per apartment as at 31 Dec: € 2,771 Occupancy as at 31 Dec: 97.6% Commercial Area: 1,218 sqm (13,111 sq.ft.)

Apartment Breakdown

One Bedroom Two Bedroom 85 Three Bedroom

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 29

North Portland Street, Dublin, Dublin 1

Bakers Yard

Building Features:

  • Private landscaped courtyards
  • Fully fitted kitchen, living room and

bedrooms in all apartments

  • High quality ceramic wall and floor

tiles to bathrooms and ensuites throughout

Neighbourhood Features:

  • Walking distance to city centre
  • Overlooking Croke Park Stadium
  • Close to Dorset Street / Drumcondra

Road quality Bus Corridor and Drumcondra suburban rail station with access to the LUAS, DART, suburban rail services

  • Close to Mater Hospital, IFSC, DIT

Property Details(1)

Year Built: 2007/2008 # of apartments owned: 86 Total # of apartments: 132 Valuation as at 31 Dec: €26.2m Passing rent as at 31 Dec: € 1,626m (annualised) AMR per apartment as at 31 Dec: € 1,486 Occupancy as at 31 Dec: 100% Commercial Area: 792 sqm (8,525 sq.ft.)

Apartment Breakdown

One Bedroom 13 Two Bedroom 61 Three Bedroom 12

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 30

City Square, Gloucester Street, Dublin 2

City Square

Building Features:

  • Modern development with 6 secure

underground car parking

  • Ground floor office suite is let to

tenant on 2-year FRI lease

Neighbourhood Features:

  • Excellent Liffey side location near

Trinity College, College Green, Tara Street, Custom House Quay and O’Connell Bridge

  • Convenient to Grafton Street, the

IFSC, Grand Canal Dock, the LUAS, DART

  • Close to bus routes, shops,

restaurants, leisure facilities, cinemas, hotels, colleges & universities, business and office hubs

Property Details(1)

Year Built: 2006 # of apartments owned: 23 Total # of apartments: 27 Valuation as at 31 Dec: €8.0m Passing rent as at 31 Dec: € 468m (annualised) AMR per apartment as at 31 Dec: € 1,632 Occupancy as at 31 Dec: 100% Commercial Area: 57 sqm (614 sq.ft.)

Apartment Breakdown

One Bedroom 15 Two Bedroom 8 Three Bedroom

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 31

Beacon South Quarter, Sandyford, Dublin 18

Beacon South Quarter

Building Features:

  • Dedicated residential concierge

reception and underground car parking spaces

  • High specification kitchens with

fully fitted integrated appliances

  • Gas fired central heating
  • CCTV security systems with security

intercom

  • Extensive landscaped grounds

Neighbourhood Features:

  • 10km to Dublin city centre
  • Transport links include: The

Stillorgan LUAS stop, Close to the M50 interchange

  • Close to UPMC Beacon Hospital
  • Close to BSQ Shopping Centre

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

Property Details(1)

Year Built: 2007/2008 # of apartments owned: 225 Total # of apartments: 880 Valuation as at 31 Dec: €85.1m Passing rent as at 31 Dec: €5,799m (annualised) AMR per apartment as at 31 Dec: €1,853 Occupancy as at 31 Dec: 99.6% Commercial Area: 2,395 sqm (25,777 sq.ft.)

Apartment Breakdown

One Bedroom 26 Two Bedroom 173 Three Bedroom 26

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SLIDE 32

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

Rockbrook, Sandyford , Dublin 18

Grande Central

Building Features:

  • Central heating and internet
  • Modern furniture and finishes with

dishwashers, dryers and washers

  • Large balconies and basement

parking

  • Ensuite bathrooms

Neighbourhood Features:

  • Opposite the Stillorgan LUAS rail

system stop

  • Area is serviced by numerous bus

routes

  • Near UPMC Beacon Hospital and
  • ther area amenities
  • Microsoft, Vodafone, Volkswagen,

Bewleys and other large employers in the area

Property Details(1)

Year Built: 2007 # of apartments owned: 65 Total # of apartments: 195 Valuation as at 31 Dec: €25.1m Passing rent as at 31 Dec: €1,345m (annualised) AMR per apartment as at 31 Dec: € 1,724 Occupancy as at 31 Dec: 100%

Apartment Breakdown

One Bedroom 10 Two Bedroom 34 Three Bedroom 21 32

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SLIDE 33

Rockbrook, Sandyford, Dublin 18

Rockbrook Grande Central

Building Features:

  • Central heating and internet
  • Modern furniture and finishes with

dishwashers, dryers and washers

  • Large balconies and basement

parking

  • Ensuite bathrooms

Neighbourhood Features:

  • Opposite the Stillorgan LUAS rail

system stop

  • Area is serviced by numerous bus

routes

  • Near UPMC Beacon Hospital and
  • ther area amenities
  • Microsoft, Vodafone, Volkswagen,

Bewleys and other large employers in the area

Property Details(1)

Year Built: 2007 # of apartments owned: 81 Total # of apartments: 195 Valuation as at 31 Dec: €33.0m Passing rent as at 31 Dec: €1,875m (annualised) AMR per apartment as at 31 Dec: € 1,661 Occupancy as at 31 Dec: 100% Commercial Area: 3,529sqm (37,986sq.ft.)

Apartment Breakdown

One Bedroom 13 Two Bedroom 65 Three Bedroom 3

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 34

Rockbrook, Sandyford, Dublin 18

Rockbrook South Central

Building Features:

  • Central heating and internet
  • Modern furniture and finishes with

dishwashers, dryers and washers

  • Large balconies and basement

parking

  • Ensuite bathrooms

Neighbourhood Features:

  • Opposite the Stillorgan LUAS rail

system stop

  • Area is serviced by numerous bus

routes

  • Near UPMC Beacon Hospital and
  • ther area amenities
  • Microsoft, Vodafone, Volkswagen,

Bewleys and other large employers in the area

Property Details(1)

Year Built: 2007 # of apartments owned: 189 Total # of apartments: 224 Valuation as at 31 Dec: €89.2m Passing rent as at 31 Dec: € 3,685m (annualised) AMR per apartment as at 31 Dec: € 1,687 Occupancy as at 31 Dec: 100% Commercial Area: 1,136sqm (12,228 sq.ft.)

Apartment Breakdown

One Bedroom 33 Two Bedroom 138 Three Bedroom 18

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 35

Forum, Sandyford, Dublin 18

The Forum

Building Features:

  • Modern residential development

with 11 secure underground car parking

  • Video-com secure entrance system

to lobbies

  • Balconies with decking from

apartments

  • Natural stone and fully tiled

bathrooms

Neighbourhood Features:

  • Highly accessible suburban location

with good transport links to the city centre, M50 and airport

  • Adjacent to the Institute of

Leadership, Royal College of Surgeons in Ireland, Reservoir House and the LUAS Green line

  • Adjacent to the Rockbrook and

Beacon South Quarter portfolios

Property Details(1)

Year Built: 2007 # of apartments owned: 8 Total # of apartments: 127 Valuation as at 31 Dec: €3.0m Passing rent as at 31 Dec: € 171m (annualised) AMR per apartment as at 31 Dec: € 1,777 Occupancy as at 31 Dec: 100%

Apartment Breakdown

One Bedroom 1 Two Bedroom 7 Three Bedroom

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 36

Beacon South Quarter, Sandyford, Dublin 18

The Maple

Building Features:

  • Fully fitted integrated appliances

and state-of-the-art kitchens

  • Dedicated residential concierge

reception

  • Private garden area with extensive

landscaped grounds

  • Timber interior doors with laminate

flooring

Neighbourhood Features:

  • Prime suburban location

approximately 10 km south of Dublin City Centre

  • Conveniently located near Stillorgan

LUAS stop and other transportation links, such as the M50 interchange

  • Close to UPMC Beacon Hospital and

BSQ Shopping Centre

Apartment Breakdown

One Bedroom 4 Two Bedroom 55 Three Bedroom 9

Property Details(1)

Year Built: 2017 # of apartments owned: 68 Total # of apartments: 68 Valuation as at 31 Dec: €31.5m Passing rent as at 31 Dec: €1,670m (annualised) AMR per apartment as at 31 Dec: € 2,046 Occupancy as at 31 Dec: 100%

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 37

Elmpark, Merrion Road, Dublin 4

Elmpark Green

Building Features:

  • Solid oak entrance doors and full

height oak finished internal doors

  • Under floor heating throughout with

individual thermostat

  • Custom designed fitted kitchens

with polished stone worktops and integrated appliances

  • Large winter gardens/balconies with

glazed balustrading and timber decking

Neighbourhood Features:

  • 3 nearby shopping centres (Merrion,

Blackrock and Frascati Shopping Centres)

  • Numerous hospitals and colleges in

the immediate vicinity

  • Leisure facilities in the area with Elm

Park Golf and Sports Club, Railway Union Sports Club and Blackrock Park on its doorstep

Property Details(1)

Year Built: 2006 # of apartments owned: 201 Total # of apartments: 332 Valuation as at 31 Dec: €72.2m Passing rent as at 31 Dec: € 3,835m (annualised) AMR per apartment as at 31 Dec: € 1,590 Occupancy as at 31 Dec: 99.5%

Apartment Breakdown

One Bedroom 101 Two Bedroom 96 Three Bedroom 4

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 38

Bessboro, Terenure, Dublin 6

Bessboro

Building Features:

  • 64 underground car parking
  • Gas fired central heating system and

pressurised water system

  • All apartments are fully furnished

and have high electrical specification

  • Fully tiled bathrooms & ensuites
  • Stainless steel appliances filled to all

kitchens

Neighbourhood Features:

  • Only 7 kilometres from Dublin’s City

Centre

  • Walking distance to schools, shops,

bars and restaurants

  • In close proximity to Bushy Park,

golf and rugby clubs

Property Details(1)

Year Built: 2008 # of apartments owned: 40 Total # of apartments: 40 Valuation as at 31 Dec: €15.5m Passing rent as at 31 Dec: € 796 m (annualised) AMR per apartment as at 31 Dec: € 1,657 Occupancy as at 31 Dec: 100%

Apartment Breakdown

One Bedroom 6 Two Bedroom 32 Three Bedroom 2

Note: (1) As at 30 June 2018 AMR = Average monthly rent per apartment

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SLIDE 39

Greenhills Road, Tallaght, Dublin 24

Priorsgate

Building Features:

  • Courtyard garden
  • Spar and Unicare Pharmacy on site
  • Fully furnished bright and spacious

accommodation with balconies

  • Underground parking intercom

access

Neighbourhood Features:

  • Connected to the city via the LUAS

rail system, and bus links

  • Tallaght Hospital and Tallaght

Institute of Technology and IDA Technology Park in the area

  • The Square Shopping Centre

located nearby

Property Details(1)

Year Built: 2007 # of apartments owned: 103 Total # of apartments: 199 Valuation as at 31 Dec: €25.0m Passing rent as at 31 Dec: € 1,627 (annualised) AMR per apartment as at 31 Dec: € 1,199 Occupancy as at 31 Dec: 99% Commercial Area: 2,538sqm (21,827 sq.ft.)

Apartment Breakdown

One Bedroom 49 Two Bedroom 48 Three Bedroom 5 Four Bedroom 1

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 40

Main Street, Tallaght, Dublin 24

The Laurels

Building Features:

  • Underground parking
  • Central heating
  • Fully furnished
  • Terraces or balconies in all

apartments

Neighbourhood Features:

  • Close proximity to The Square

Shopping Centre and Tallaght Institute of Technology

  • Well serviced by the LUAS RED Line

and other bus routes

  • Close to N81 Tallaght bypass 12km

south west of Dublin City Centre

  • Close to Tallaght Stadium and

Tallaght Hospital

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

Property Details(1)

Year Built: 2007 # of apartments owned: 19 Total # of apartments: 19 Valuation as at 31 Dec: €4.0m Passing rent as at 31 Dec: € 343 (annualised) AMR per apartment as at 31 Dec: € 1,286 Occupancy as at 31 Dec: 100% Commercial Area: 190 sqm (2,046 sq.ft.)

Apartment Breakdown

One Bedroom 4 Two Bedroom 13 Three Bedroom 2 40

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SLIDE 41

Charlestown Place, Finglas, Dublin 11

Charlestown

Building Features:

  • CCTV security system with intercom

system

  • Fully tiled bathrooms with

contemporary sanitary ware

  • Cherry wood finished floors in

kitchen, living, bedroom areas

  • Central heating
  • Central landscaped garden and

children’s playground

Neighbourhood Features:

  • 7km to Dublin city centre and 5km

to Dublin Airport

  • Close to Dublin City University
  • Bus routes
  • Located above a shopping centre

and in close proximity to IKEA

Property Details(1)

Year Built: 2007 # of apartments owned: 235 Total # of apartments: 285 Valuation as at 31 Dec: €65.8m Passing rent as at 31 Dec: € 3,927 m (annualised) AMR per apartment as at 31 Dec: € 1,392 Occupancy as at 31 Dec: 100%

Apartment Breakdown

One Bedroom 36 Two Bedroom 164 Three Bedroom 35

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 42

Tallaght Cross West, Tallaght, Dublin 24

Tallaght Cross West

Building Features:

  • Bright and spacious accommodation

with fully fitted kitchens and bathrooms

  • Secure underground parking
  • Monitored CCTV security system

throughout and video entry phone system

Neighbourhood Features:

  • Ireland’s third largest population

centre after Dublin City and Cork

  • Approx. 11km from Dublin City

Centre and approx. 3km from the M50 motorway

  • In proximity to Tallaght Hospital,

South Dublin County Council, The Square Shopping Centre, and Tallaght IT (3rd level education institute)

  • Close to City West Business

Campus, City West Hotel, and Tallaght Stadium

Property Details(1)

Year Built: 2008 # of apartments owned: 442 Total # of apartments: 507 Valuation as at 31 Dec: €110.1m Passing rent as at 31 Dec: € 7,470m (annualised) AMR per apartment as at 31 Dec: € 1,287 Occupancy as at 31 Dec: 99.8% Commercial Area: 18,344sqm (197,453 sq.ft.)

Apartment Breakdown

One Bedroom 161 Two Bedroom 237 Three Bedroom 44

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 43

Coldcut Road, Clondalkin, Dublin 22

Coldcut Park

Building Features:

  • High energy efficiency gas fired

central heating

  • Painted timber framed double

glazed windows and doors

  • Stylish fully fitted kitchens with all

modern appliances

Neighbourhood Features:

  • Extensive local amenities and leisure

facilities including Liffey Valley Shopping Centre

  • Approximately 9km from Dublin city

centre, 1.6km to Park West and Cherry Orchard railway station, 5.4km to LUAS red line, close to M50 motorway

  • Significant employers nearby

include Cherry Orchard Hospital, Allianz, Applegreen, C&C Group plc and Diageo

Property Details(1)

Year Built: 2012 # of apartments owned: 90 Total # of apartments: 94 Valuation as at 31 Dec: €21.2m Passing rent as at 31 Dec: € 1,574m (annualised) AMR per apartment as at 30 June: € 1,457 Occupancy as at 31 Dec: 100%

Apartment Breakdown

One Bedroom 18 Two Bedroom 22 Three Bedroom 33 Four Bedroom 17

Note: (1) As 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 44

Turvey Avenue, Inchicore, Dublin 8

Camac Crescent

Building Features:

  • Laminate wood flooring
  • High gloss kitchens with

washer/dryers and microwaves

  • Large balconies and courtyard

garden

  • Intercom access
  • Secure underground parking

Neighbourhood Features:

  • Close to LUAS rail system
  • St James's Hospital, Irish Museum of

Modern Art and Inchicore College are nearby

  • Major employers such as Amazon

and Guinness are in the area

Property Details(1)

Year Built: 2008 # of apartments owned: 90 Total # of apartments: 110 Valuation as at 31 Dec: €21.7m Passing rent as at 31 Dec: € 1,514 (annualised) AMR per apartment as at 31 Dec: € 1,401 Occupancy as at 31 Dec: 100%

Apartment Breakdown

One Bedroom 21 Two Bedroom 49 Three Bedroom 20

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 45

Lansdowne Gate, Drimnagh, Dublin 12

Lansdowne Gate

Building Features:

  • Spacious landscaped courtyard

including: playground, a number of cascading water features, seating areas, landscaped river garden and feature suspension cable pedestrian bridge

  • Playground features high-end play

equipment and incorporates

  • utdoor gym equipment for adults

Neighbourhood Features:

  • 5km to Dublin city centre
  • Nestled between Lansdowne Valley

Park and Pitch Putt Course

  • Close to Our Lady's Children

Hospital, Excellent transportation links including: Bluebell Redline LUAS stop

Property Details(1)

Year Built: 2005 # of apartments owned: 224 Total # of apartments: 280 Valuation as at 31 Dec: €71.8m Passing rent as at 31 Dec: € 4,310 m (annualised) AMR per apartment as at 31 Dec: € 1,604 Occupancy as at 31 Dec: 100%

Apartment Breakdown

One Bedroom 23 Two Bedroom 146 Three Bedroom 55

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 46

Tyrone Court, Inchicore, Dublin 8

Tyrone Court

Building Features:

  • Underground car parking
  • Each apartment has its own private

balcony

  • Attractive fully tiled bathrooms
  • Stylish kitchens with integrated

appliances

Neighbourhood Features:

  • 500m from Drimnagh Station (LUAS

Red Line)

  • Area is serviced by numerous bus

stops

  • AOL, Health Service Executive,

Eircom and Guinness are other large employers in the area

Property Details(1)

Year Built: 2014 # of apartments owned: 95 Total # of apartments: 131 Valuation as at 31 Dec: €27.9m Passing rent as at 31 Dec: € 1,795m (annualised) AMR per apartment as at 31 Dec: € 1,574 Occupancy as at 31 Dec: 100%

Apartment Breakdown

One Bedroom 24 Two Bedroom 64 Three Bedroom 3 Duplex 4

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 47

Hansfield Wood, Ongar, Dublin 15

Hansfield Wood

Property Details(1)

Year Built: 2018 # of residential units owned: 99 Total # of residential units: 99 Valuation as at 31 Dec: €47.8m Passing rent as at 31 Dec: €2,508 (annualised) AMR per apartment as at 31 Dec: € 2,133 Occupancy as at 31 Dec: 99%

Unit Breakdown

Apartments 8 Houses 91

Building Features:

  • Attractive modern design with high

ceilings and large windows

  • Bright and spacious kitchens
  • High pressure pump-fed showers and

air to water central heating system

  • Built in wardrobes

Neighbourhood Features:

  • Inner suburban commuter market near

Dublin

  • Neighbourhood includes local

employment, good transportation links, good infrastructure (schools) and family friendly amenities

  • Close to employers such as eBay,

Paypal, Xerox

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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SLIDE 48

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

48

Hampton Woods, Finglas, Dublin 11

Hampton Wood

Property Details(1)

Year Built: 2018 # of apartments owned: 128 Total # of apartments: 128 Valuation as at 31 Dec: €41.3m Passing rent as at 31 Dec: € 2,635 m (annualised) AMR per apartment as at 31 Dec: € 1,716 Occupancy as at 31 Dec: 100%

Apartment Breakdown

One Bedroom 46 Two Bedroom 82 Three Bedroom

Building Features:

  • Quality kitchen with quartz counter

tops and timber flooring tiles

  • Maximized storage with extensive

wall units

  • Large balconies and air to water

central heating

  • Allocated car parking space for each

home with generous visitor parking

Neighbourhood Features:

  • Short distance from Dublin City

University, Dublin Airport with a regular bus service to Dublin City Centre

  • Conveniently located near excellent

retail and leisure amenities for tenants including IKEA, Charlestown Shopping Centre and Morton Stadium

  • Major local employers in the areas

include: DCU, Bristol Myers Squibb, DHL and Dublin Airport

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SLIDE 49

Hansfield Wood, Ongar, Dublin 15

Hansfield Wood Phase II

Property Details(1)

Year Built: Under construction # of residential units owned: 95 Total # of residential units: 95 Valuation as at 31 Dec: €10.5m Passing rent as at 31 Dec: N/A AMR per apartment as at 31 Dec: N/A Occupancy as at 31 Dec: N/A

Apartment Breakdown

One bedroom 10 Two bedroom 64 Three bedroom 18 Two bedroom duplex 3

Building Features:

  • Attractive modern design with high

ceilings and large windows

  • Bright and spacious kitchens
  • High pressure pump-fed showers and

air to water central heating system

  • Built in wardrobes

Neighbourhood Features:

  • Inner suburban commuter market near

Dublin

  • Neighbourhood includes local

employment, good transportation links, good infrastructure (schools) and family friendly amenities

  • Close to employers such as eBay,

Paypal, Xerox

Note: (1) As at 31 Dec 2018 AMR = Average monthly rent per apartment

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