IPUT plc, Ireland’s premier property fund (the ‘Fund’), hosts its AGM today at 12.00 noon in the Shelbourne Hotel, 27 St Stephen’s Green, Dublin 2.
Mr. John Mulcahy, Chairman of IPUT plc, noted in his annual statement:
“2017 was a landmark year for IPUT as the Fund reached 50 years in operation, making it one of the most enduring property funds in Europe. IPUT has delivered consistent income returns to shareholders over the past 50 years and this continued in 2017 when we generated a dividend yield of 4%.
I am confident that IPUT’s business model and strategy of focusing on investing in Irish commercial property, with a particular focus on prime large-scale Dublin assets, will continue to generate consistent investment returns for our shareholders. Our current portfolio of high quality assets, rented to high quality tenants, is well positioned to deliver this principal objective.”
Mr Niall Gaffney, Chief Executive of IPUT plc, noted in his annual review:
“Our strategy of regenerating portfolio income continues to drive the performance of the Fund. Having de-risked the current development pipeline we have further regeneration opportunities across our estate, in particular within the Dublin city centre office market. These initiatives will potentially grow shareholder dividends by approximately 20% over the next five years.”
For more information and to download a copy of the IPUT 2017 Annual Report, please visit iput.com