Share prices and returns for the country’s biggest institutional landlord are expected to surge in the wake of the government’s rent reforms, according to Social Democrats housing spokesperson Rory Hearne.
Deputy Hearne said:
“Analysts have today confirmed that rent increases are expected to double, and returns surge, at the country’s biggest landlord, Ires Reit, thanks to the government’s rent reforms.
“Analysts at Davy Stockbrokers are now forecasting the measures will lead to a ‘step change’ in Ires Reit’s profitability.
“This is further proof that the government’s rent reforms are good for just one sector – landlords.
“Ires Reit’s ability to jack up rents to market rent between tenancies, and for new builds to increase it in line with inflation annually, will have a hugely negative impact on renters – but it is positive for investors.
“Ires Reit, along with Ireland’s new corporate landlords, who own one in five Dublin rentals and almost 30,000 rental properties nationally, will make windfall profits from government rental measures.
“The government has tried to spin its way out of criticism of its measures as being disastrous for renters.
“Maybe it can now explain why Davy is crediting the measures as being the catalyst for a major surge in profits at Ires Reit.”
June 26, 2025