Building trust through our track record and our conduct
2022 Year in Review
We are a socially and environmentally conscious investor with an unrivalled reputation for delivering the highest standards of design and placemaking. Our ambition is to be one of the greenest portfolios in Europe as we continue to set the benchmark for sustainability in Ireland.
2022 Financial Statements
Despite the wider economic backdrop, we achieved full rent collection. We secured €24 million of new income through new developments and standing assets and paid our highest ever dividend of €108 million to shareholders.
Q4 2022 Update
Income resilience has been the key theme for IPUT both for the quarter and for 2022. During the year, we saw a 17% increase in our contracted income and 93% of the projected income due to come from the development pipeline is now de-risked through pre-lettings. The total dividend paid in Q4 was €27.7m amounting to €11 per share and reflecting a dividend yield of 3.9%. The dividend increased by 5% for the full year.
On the capital side, the macro-economic picture of high inflation and rising interest rates is impacting real estate values world-wide and has resulted in an expansion in investment yields. IPUT is not immune to these headwinds which are affecting investor sentiment and transaction volumes. As a result, the total shareholder return (TSR) for the quarter was negative at -6.6%, this equates to a full year total TSR of -3.2%.
Outperforming industry benchmarks
We have outperformed the MSCI Total Property Return benchmark across the last 20 years, demonstrating our consistent ability to deliver value for our shareholders.
2021 Responsibility Report
Our ambition is to create spaces where people thrive; modern, sustainable buildings that set the standard for how we work today.
