I-Res is a bundle of flats and commercial buildings listed on the stock exchange. I-Res’s revenue comes from the rents on the buildings. You’d think an entity like this would be doing extraordinarily well in a housing crisis. Particularly one that has hit renters harder than homeowners. Things haven’t worked out that way for I-Res. I-Res has three problems. The first is that rent control rules in Ireland are limiting what it can charge. I-Res has increased rents very slowly over the last number of years, in line with what's permitted under rent controls. As you'd expect under such a…
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