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IREIT Global (IREIT)
REITs
IREIT signs 20-year lease contract with UK hotel chain, Premier Inn, in Berlin Campus
As at 9.35am, units in IREIT Global are trading flat at 28 cents or 21 Euro cents for its Euro counter.
12 hours ago
REITs
IREIT Global’s new CEO aims to grow ‘too small’ REIT with a continued focus on diversification
CEO Viens says he hopes for the REIT to expand into new geographies such as the Netherlands, Italy and the UK.
14 days ago
Results
IREIT Global reports portfolio occupancy of 89.6% in 3QFY2024 update
Units in IREIT Global SGD closed flat at 29 cents while IREIT Global EUR closed flat at 25 Euro cents on Nov 12.
16 days ago
New appointments
IREIT Global appoints Peter Viens as CEO; outgoing CEO Louis d’Estienne d’Orves to become non-executive director
The appointments were effective on Nov 5.
23 days ago
Broker's Calls
RHB maintains ‘buy’ call on IREIT Global with lowered TP of 40 cents following exit of key tenant
The analyst sees the REIT’s current redevelopment of the Berlin Campus as a medium-term positive move.
July 12, 2024
REITs
IREIT’s Berlin Campus to cost upwards of EUR15 mil in capex
The campus is currently 100% leased with a main tenant, Deutsche Telekom, whose lease will expire in December 2024.
May 03, 2024
Results
IREIT Global portfolio occupancy up to 91.5% in 1QFY2024, gearing falls slightly to 37%
IREIT Global has posted higher portfolio occupancy of 91.5% as at end-March, up from 90.4% as at end-2023.
April 29, 2024
Broker's Calls
Analysts lower estimates slightly on IREIT Global after FY2023 narrowly missed expectations
Diversifying portfolio remains key strategy; Germany still ‘interesting’, says the REIT.
February 27, 2024
Results
IREIT reports lower DPU of 1.87 euro cents for the FY2023, a 30.5% y-o-y decline
This is due to a lower distributable income and the enlarged unit base in 2H2023.
February 22, 2024
REITs
IREIT Global's portfolio valuation down 5.4% y-o-y to EUR899 mil
The independent valuation from was a decrease of 2.6% from its portfolio valuation of €950.5 mil as at end-June last year.
January 22, 2024