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 –Delivering growth in value and dividends for shareholders
EPRA Earnings and Profits and EPS Net Rental Income ERPA EPS (‘NRI’) Profit for H1 18 : EPRA Earnings €69.5m, +124.2% €19.3m, + 12.9% €13.0m , +9.8% (30June 2017: €31m) 3 (June 2017: €17.1m) 1 2 EPRA EPS of 3.1 EPS 16.5 cents, +123% cents, +10.7% (30 June 2017: 7.4 cents)
Portfolio 2608 units; EPRA NAV per Share Gearing (LTV) €868.5m +15.7% (on Dec 2017); 30 June 2018; 133.0 30 June 2018; Acquisitions and cents, +12.2% €277m; LTV 33.1% Developments +€58.5m; (31 December 2017 ; 118.5 4 Fair value +€57m, +7.8%* 5 cents) ( LTV policy of Av. Gross yield 6.2% (Dec 6 45.0% ) 17, 6.6%)
4 *Based on investment properties owned at 31 December 2017, excluding Hansfield Woods and Hampton Woods 2018 Interim Results Irish Residential Properties REIT plc Strong Operating Performance
Revenue from Occupancy % Average Monthly Rent /€ Net Rental Income /€m 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 1,399 14.0 1,350 17 17.9 13.0 14.0 80.0 1,300 H1 2016 H1 2017 H1 2018 15 12.0 2016 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 share per Cents 480.4 133.0 500 469.6 435 446.9 130 450 419.5 118.5 112.5 115.1 120 € millions € 400 107.2 104.3 350 100.6 110 300 100 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 Growing Values and Portfolio Returns for Shareholders
EPRA NAV EPRA Earnings per Share Dividends per Share (€ millions) € cents € cents
6 700 3.5 +10.7% +14.2% 3 5 600 3.1 5.2 4.9 500 576 2.5 2.8 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 2018 2018 Interim Results Irish Residential Properties REIT plc
Excellent Investment Management and Operating Model
Technology Staff Training Knowledge& Experience Hands-on Approach Resident and Systems 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 14 2018 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) Ongar < 1 29 € 29.8 € 11.6 n/a 156.9% 22 Hampton Wood Finglas < 1 128 € 41.9 n/a n/a n/a Total for investment properties owned as at 30 June 2018 2,608 € 868.5 € 750.9 € 685.1 15.7% * Additional portfolio details available in Appendix 1 Acquisitions and Developments Development/Acquisition Investment Hansfield Wood €17.2m
Hampton Woods €40.8m Acquisitions and Developments The Marker (1 unit) €0.5m Hansfield Wood Total H1’2018 Investments €58.5m
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
17 Acquisitions 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
18 2018 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.
19 2018 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 Name Status • New apartments can be built at lower cost than market 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 1 Market 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 2017 10.0% Economic Growth 6.0% 9.0% 4.0% 0.0% 8.0% 2.0% 5.0% 3.0% 1.0% 7.0% Strong2017 GNP growthand forecast
2012 3.3%
Source: Central Statistics Office, Central Bank Irelandof Office,Central Statistics CentralSource: 2013 3.3%
2014 6.9% 2018for
2015 5.7%
2016 9.0%
2017 6.6%
2018F 4.2% 2,000 2,050 1,900 1,800 2,100 1,650 1,950 1,850 2,150 1,700 1,750 Q1 09 Q3 09 Q1 10 Unemployment Unemployment droppingis Q3 10 Q1 11 Q3 11 Total employment ('000) Q1 12 Source: Central Statistics OfficeStatistics CentralSource: Q3 12 Q1 13 2018 Investor Investor Presentation2018 Q3 13 Q1 14 Q3 14 Q1 15 Q3 15 Irish Residential Propertiesplc REITIrishResidential Q1 16 Q3 16 Q1 17 Q2 18 23 - 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 2018 Interim Results Irish Residential Properties REIT plc Population Growth
Growing Irish Population Population growth is supportive by the highest birth rate in Europe
4,850 200
4,800 150
4,750 100 52.9 4,700 42.4 51.7 50 20.1 18.8 21 30.7 4,650 0 4,600 -50 Population (in thousands) (in Population 4,550
4,500 -100 Change in Population thousands) (in Population in Change 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
24 Positive 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 25 2018 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 4.905.2 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)
26 IRISH 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 • Currently non-executive director on the board of markets and was involved in creating the REIT industry in 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 University IRISH 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 practice as a business advisor, HBCL Investments & Pensions transactions in Europe and Chartered Surveyors Ireland and corporate restructuring expert (now Wellesley Investments and Former Managing Director at past president of Irish and insolvency practitioner Pensions Limited) and Director Terra Firma Capital Partners Association of Valuers Institute of Investments at HC Financial • Has advised on the restructuring Services • Founder and Principal of Maple • Retired as Chairman of Savills of distressed Irish property assets Knoll Capital and has been Ireland in 2009 after 40 years as a and has served as a director on • Currently a member of the board involved as a principal or advisor real estate professional of directors of Kerry Group plc the boards of a number of private 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 Property Industry Ireland having Restructuring Board from 2012- • Has 28 years of experience of estate been its Chair from 2012 to 2015 advising on and managing 2014 investment funds • Currently CEO and a trustee of • Former non-executive director of • Continues to provide consulting European Commercial Real Estate Cairn Homes plc services to Deloitte Ireland until Investment Trust (TSXV:ERE.UN) December 31, 2018 IRISH 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. 29 IRISH RESIDENTIAL PROPERTIES REIT plc Appendix 1 Portfolio Details 2018 Interim Results Irish Residential Properties REIT plc High Quality 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. 31 Superior Dublin Locations SANDYFORD 17 22 01 BEACON SOUTH QUARTER 12 THE LAURELS Sandyford D18 (225 Units) Tallaght D24 (19 units)
02 GRANDE CENTRAL 13 TALLAGHT 21 Sandyford D18 (65 Units) CROSS WEST 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 FINGLAS 14 06 THE MAPLE Sandyford D18 (68 Untis) 17 CHARLESTOWN Finglas D11 (235 Units) 18 DUBLIN CITY CENTRE 15 07 KINGS COURT 22 HAMPTON WOOD 19 Sandyford D7 (83 Units) Finglas, D11 (128 Units)
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 Clondalkin D22 (90 Units) 01 04 Gloucester St D2 (23 units) TALLAGHT 21 HANSFIELD WOOD *Under Construction* 11 PRIORSGATE 32 Tallaght D24 (103 Units) Ongar, D15 (99 Units) Beacon South Quarter, Sandyford, Dublin 18 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 plc Rockbrook, Sandyford , Dublin 18 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 plc Rockbrook, Sandyford, Dublin 18 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 plc Rockbrook, Sandyford, Dublin 18 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 plc Forum, 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 plc Beacon South Quarter, Sandyford, Dublin 18 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 plc North 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 plc Grand 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 plc North Portland Street, Dublin, Dublin 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 plc City 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 plc Greenhills Road, Tallaght, Dublin 24 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 plc Main Street, Tallaght, Dublin 24 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 plc Tallaght Cross West, Tallaght, Dublin 24 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 plc Turvey Avenue, Inchicore, Dublin 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 plc Lansdowne 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 plc Tyrone Court, Inchicore, Dublin 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 plc Charlestown 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 plc Hampton Woods, Finglas, Dublin 11 Hampton Wood
(1) Property Details 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 2018 Interim Results Irish Residential Properties50 REIT plc Bessboro, Terenure, Dublin 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 plc Elmpark, Merrion Road, Dublin 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 plc Coldcut Road, Clondalkin, Dublin 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 plc Hansfield Wood, Ongar, Dublin 15 Hansfield Wood
(1) Property Details 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 plc