Irish-listed landlord Ires Reit has returned to profit and reported increased revenues, despite reducing its portfolio through the sale of some residential units. The company said its average monthly rent in 2025 rose by 2.1% over the past year to €1,852, reflecting continued strength in Ireland’s rental market.

The performance signals a period of financial stabilization for the real estate investment trust, which operates primarily in the private rental sector. While asset disposals reduced the overall number of units under management, the company indicated that rental growth and operational efficiencies supported improved financial results.

Ireland’s rental market has remained under pressure in recent years, driven by high demand and limited housing supply. Rising rents have been a persistent feature of the sector, particularly in urban centers. For landlords such as Ires Reit, the combination of steady occupancy and incremental rent increases has helped sustain revenue growth even amid broader economic uncertainty.

At the same time, the company’s decision to sell some units reflects ongoing adjustments within the property investment landscape. Real estate firms have been responding to changing interest rate conditions, regulatory developments, and investor expectations. Portfolio rebalancing has become a common strategy aimed at strengthening balance sheets and focusing on core assets.

The reported average rent of €1,852 highlights the affordability challenges facing tenants, particularly in major cities. Policymakers continue to grapple with measures designed to increase housing supply and moderate rental inflation, while ensuring stability within the private rental sector.

Looking ahead, market analysts suggest that rental performance will remain closely tied to housing supply trends, regulatory frameworks, and economic conditions. For Ires Reit, returning to profitability marks a notable milestone, even as the broader housing debate continues to shape the Irish property market.