REITS General opinions.

[Greenbook]

Yes but are they not restricted by the 6 year ban on raising rents like all commercial landlords the same as ires? One theory of why ires stock price was down was because of all the government regulations regarding landlords , however the new guys will face the same restrictions.

Copied from another thread. The scale and profitability of Cluid by comparison.

Details from an RTE report on Cluid here - gives could information as to the scale of these charities and AHBs now.

1. CEO, former FG Senator Averil Power, on a salary of nearly €200k. She was formerly the chairperson of the Irish Cancer Society.
2. Employs 390 people
3. Assets worth €3.5 billion
4. Profit after interest payments of €31 milllion
5. Revenues of €88 million
6. Over 15,000 properties - much bigger than IRES Reit for example with 3,600

 

[Purple]

1. CEO, former FG Senator Averil Power, on a salary of nearly €200k. She was formerly the chairperson of the Irish Cancer Society.
2. Employs 390 people
3. Assets worth €3.5 billion
4. Profit after interest payments of €31 milllion
5. Revenues of €88 million
6. Over 15,000 properties - much bigger than IRES Reit for example with 3,600

That's a remarkably low salary for the CEO of such a large organisation.

 

[Greenbook]

That's a remarkably low salary for the CEO of such a large organisation.

Which is why it was increased.

It is an absolutely massive organisation and growing bigger the whole time.