Hibernia raises dividend but warns on business sentiment

Kevin Nowlan

Irish property group Hibernia REIT has hiked its dividend for the first half of its financial year by 16.7% to 1.75 cents per share (1.5p) as its rent roll rose on the back of new lettings and rent reviews.

The group’s portfolio rose in value by 0.6% to €1.4bn, while annual contracted rent rose by 7.6% to €62m during the period from March to the end of September. But, the total property return for the period of 2.4% underperformed the MSCI Ireland Property Index’s 3.1% return. 

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article

Due to the unprecedented challenge facing our industry at this time propertyweek.com will be entirely free to view to all users until 19 April. Register now to benefit from the following:

  • UNLIMITED access until 19 April
  • From 20 April, can still access up to four FREE articles per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week.

Registered users and subscribers SIGN IN here to continue