Key Financial Highlights
Profit from our development schemes, particularly the recently completed One Molesworth Street, was key to mitigating the unexpected trebling of stamp duty announced in the October 2017 budget. This, combined with the continued improvement in our rental profits showing a 24% rise, is testament to the high quality of our portfolio, and the underlying security of our income from strong tenants. Our asset management and development programme continues to be supported by a strong economic backdrop and robust take up by FDI and domestic occupiers.
Pat Gunne Chief Executive, Green Property REIT Ventures
Our strategic focus continues to be on driving risk adjusted returns for shareholders, through our development schemes and a progressive dividend policy which is underpinned by a high quality portfolio and managed by a highly skilled and experienced team. We continue to operate against a backdrop of sustained economic growth in Ireland, and a robust occupier market in our key sectors, Dublin offices and logistics.
Summary Financial Results and Position
* An alternative performance measure not defined under IFRS which is used throughout these results.
32 Molesworth Street D02 Y512, Ireland
E firstname.lastname@example.org T +353 1 241 8400 F +353 1 661 9678