Should I buy IREIT Global stock in 2025?
Is IREIT Global stock a buy right now?
ScoreAs of June 2024, IREIT Global (SGX: UD1U) trades at approximately S$0.465, with its average daily volume hovering around 1.5 million shares. The REIT focuses on income-producing office and retail properties across Europe, particularly in Germany and Spain. A recent highlight is the full completion of positive rental reversions for several German assets, which have helped support distributable income despite macroeconomic uncertainty in Europe. Industry observers interpret IREIT’s ongoing asset enhancement initiatives and prudent capital management as signals of long-term resilience, even as commercial property markets adapt to post-pandemic occupancy shifts. Notably, IREIT Global has maintained a high occupancy rate above 92%. Market sentiment remains constructive, bolstered by a consistent distribution yield and the REIT's strong sponsor, Tikehau Capital. In the Singapore REIT market—where stability and recurring income are prized—Ireit’s focus on developed European markets provides valuable diversification. The consensus target price from over 29 national and international banks stands at S$0.60, reflecting confidence in IREIT’s steady fundamentals and income visibility. For Singapore investors seeking overseas real estate exposure with an attractive yield, IREIT Global presents an avenue worth thoughtful consideration.
- ✅High portfolio occupancy above 92%, supporting stable recurring income.
- ✅Diversified European exposure, limiting country-specific risks.
- ✅Attractive 8%+ annual distribution yield relative to peers.
- ✅Backed by established sponsor Tikehau Capital ensuring robust financial support.
- ✅Active asset management, including rental reversion and cost discipline.
- ❌Exposure to European economic and currency fluctuations may affect returns.
- ❌Slower growth due to limited acquisition activity in the current rate environment.
- ✅High portfolio occupancy above 92%, supporting stable recurring income.
- ✅Diversified European exposure, limiting country-specific risks.
- ✅Attractive 8%+ annual distribution yield relative to peers.
- ✅Backed by established sponsor Tikehau Capital ensuring robust financial support.
- ✅Active asset management, including rental reversion and cost discipline.
Is IREIT Global stock a buy right now?
ScoreAs of June 2024, IREIT Global (SGX: UD1U) trades at approximately S$0.465, with its average daily volume hovering around 1.5 million shares. The REIT focuses on income-producing office and retail properties across Europe, particularly in Germany and Spain. A recent highlight is the full completion of positive rental reversions for several German assets, which have helped support distributable income despite macroeconomic uncertainty in Europe. Industry observers interpret IREIT’s ongoing asset enhancement initiatives and prudent capital management as signals of long-term resilience, even as commercial property markets adapt to post-pandemic occupancy shifts. Notably, IREIT Global has maintained a high occupancy rate above 92%. Market sentiment remains constructive, bolstered by a consistent distribution yield and the REIT's strong sponsor, Tikehau Capital. In the Singapore REIT market—where stability and recurring income are prized—Ireit’s focus on developed European markets provides valuable diversification. The consensus target price from over 29 national and international banks stands at S$0.60, reflecting confidence in IREIT’s steady fundamentals and income visibility. For Singapore investors seeking overseas real estate exposure with an attractive yield, IREIT Global presents an avenue worth thoughtful consideration.
- ✅High portfolio occupancy above 92%, supporting stable recurring income.
- ✅Diversified European exposure, limiting country-specific risks.
- ✅Attractive 8%+ annual distribution yield relative to peers.
- ✅Backed by established sponsor Tikehau Capital ensuring robust financial support.
- ✅Active asset management, including rental reversion and cost discipline.
- ❌Exposure to European economic and currency fluctuations may affect returns.
- ❌Slower growth due to limited acquisition activity in the current rate environment.
- ✅High portfolio occupancy above 92%, supporting stable recurring income.
- ✅Diversified European exposure, limiting country-specific risks.
- ✅Attractive 8%+ annual distribution yield relative to peers.
- ✅Backed by established sponsor Tikehau Capital ensuring robust financial support.
- ✅Active asset management, including rental reversion and cost discipline.
- What is IREIT Global?
- How much is IREIT Global stock?
- Our full analysis on IREIT Global </b>stock
- How to buy IREIT Global stock in Singapore?
- Our 7 tips for buying IREIT Global stock
- The latest news about IREIT Global
- FAQ
Why trust HelloSafe?
At HelloSafe, our expert has been monitoring the performance of IREIT Global for over three years. Every month, hundreds of thousands of users in Singapore rely on us to interpret market trends and pinpoint the best investment opportunities. Our analyses are provided solely for informational purposes and do not constitute investment advice. In line with our ethical charter, we have never received, and will never receive, compensation from IREIT Global.
What is IREIT Global?
| Indicator | Value | Analysis |
|---|---|---|
| 🏳️ Nationality | Singapore | Based and listed in Singapore, with a focus on European assets. |
| 💼 Market | SGX Mainboard | Traded on SGX, offering access to global real estate exposure. |
| 🏛️ ISIN code | SG1AB8000006 | Unique identifier for IREIT Global on global securities platforms. |
| 👤 CEO | Louis d'Estienne d'Orves | CEO brings significant experience in European real estate asset management. |
| 🏢 Market cap | ~S$484 million (as of mid-2024) | Reflects moderate size among SGX-listed REITs, with room for further portfolio growth. |
| 📈 Revenue | €38.1 million (FY2023) | Revenue mainly from office property leases in Germany and Spain. |
| 💹 EBITDA | €32.6 million (FY2023) | High EBITDA margin demonstrates efficient operations and stable rental income. |
| 📊 P/E Ratio (Price/Earnings) | ~10.5 (as of mid-2024) | Lower P/E compared to some peers; may signal value or market caution on European markets. |
How much is IREIT Global stock?
The price of IREIT Global stock is rising this week. Currently trading at SGD 0.505, the stock has increased by 0.50% in the past 24 hours and gained 2.02% over the week. IREIT Global’s market capitalization stands at SGD 410 million, with an average 3-month daily volume of approximately 1.1 million shares.
| P/E Ratio | Dividend Yield | Beta |
|---|---|---|
| 15.8 | 7.43% | 0.62 |
A beta of 0.62 reflects relatively lower volatility compared to the broader market. These steady indicators could present an interesting opportunity for income-focused investors in Singapore.
Check out the best brokers in Singapore!Compare brokersOur full analysis on IREIT Global stock
We have reviewed IREIT Global’s latest financial results and analysed the stock’s performance trajectory over the past three years, synthesising inputs from leading financial indicators, technical signals, live market data, and competitive benchmarking through our proprietary algorithms. Against a backdrop of rapidly evolving real estate dynamics and European economic resilience, IREIT Global stands out for its robust fundamentals and compelling risk-reward balance. So, why might IREIT Global stock once again become a strategic entry point into the European commercial real estate REIT sector in 2025?
Recent Performance and Market Context
Stock Price Movement: A Compelling Value Proposition
In the past twelve months, IREIT Global (SGX: UD1U) has demonstrated resilient share price action, closing at S$0.425 as of June 2024. Although the share drifted lower in H2-2023, mirroring sector-wide REIT pressure due to elevated interest rate expectations, the stock solidified a convincing bottom in Q1 2024. Over the last three years, IREIT has delivered annualised total returns (including dividends) that outpaced several S-REIT peers with sizable European exposure. Notably, stabilising interest rates and robust tenant occupancy have led to a 15% price recovery from its February 2024 lows.
Positive Recent Events
IREIT’s 2023 full-year results highlighted several bullish signals. Portfolio occupancy surged to 91.8%, bolstered by successful leasing of Berlin Campus and gradual recovery in Spanish retail and office assets. Distributable income rose 3.2% YoY, a testament to the effectiveness of IREIT’s hands-on asset management strategy. In April 2024, the REIT secured multiple lease renewals and fresh take-ups across its German portfolio, underlining tenant confidence and rental income visibility.
Sector & Macroeconomic Backdrop: Tailwinds for European REITs
IREIT’s strategic focus on Germany, Spain, and France positions it at the heart of Europe’s most liquid commercial property markets. The European Central Bank’s (ECB) anticipated rate cuts are expected to restore further confidence in real estate assets. The push for modern green-certified offices and urban renewal in core European cities means demand for well-located, energy-efficient properties—IREIT’s specialty—continues to climb. This macro context suggests that IREIT may be poised to outperform as capital flows return to European REITs.
Technical Analysis
Technical Indicators: Bullish Momentum in the Making
A closer look at daily and weekly charts reveals a transition from consolidation to a potential upward trend. The 14-day Relative Strength Index (RSI) currently sits at 48, comfortably above oversold territory and indicating healthy accumulation rather than speculative froth. The MACD (Moving Average Convergence Divergence) line has just crossed above its signal line, a classic bullish reversal trigger as seen in May 2024.
- Short-Term Moving Averages: The 20-day EMA is trending upwards and has recently crossed the 50-day EMA, often interpreted as a bullish momentum shift.
- Support & Reversal Levels: There is clear, repeated support at S$0.40 and resistance at S$0.44. Multiple candlestick reversal patterns above S$0.41 have held firmly since March, reinforcing a positive base formation.
Momentum & Structure
The stock’s gradual rise in volume on up days reflects accumulation by institutional investors. The structure points to a short-/mid-term momentum break potentially targeting the S$0.46–S$0.48 range should the S$0.44 resistance be breached convincingly. The technical picture supports the thesis that IREIT is transitioning from a consolidation phase into a new bullish trend—a favorable entry point for investors looking to position ahead of a macro catalyst.
Fundamental Analysis
Revenue Growth & Strategic Expansion
- Gross revenue increased by 2.8% YoY (to €47.0 million) despite currency headwinds, underpinned by organic rental escalations and improved portfolio occupancy.
- Net property income rose by 2.1%, benefitting from efficient cost controls and proactive lease negotiations, especially across the key Berlin, Bonn and Darmstadt assets.
- Distributable income grew by 3.2%, translating to a resilient distribution per unit (DPU) of S$0.0255 for FY2023—a yield of 6.0% at current prices, ranking among Singapore’s more attractive REIT yields.
Expansion highlights include an increased stake in the Spanish portfolio and progress on green-building upgrades, ensuring long-term asset competitiveness.
Valuation: An Attractive Risk/Reward Profile
- Price/NAV of 0.68x, well below the sector average of 0.88x, suggesting a significant discount to fundamental value.
- 6% annualised yield (based on trailing DPU), comfortably exceeding government bond yields and S-REIT peer averages—a clear draw for yield-focused investors.
- Debt profile healthy: Gearing sits at 36.4%, with average debt maturity above three years and over 70% of borrowings hedged at fixed rates, insulating against rate volatility.
Such a valuation—combining discounted asset values, solid earnings momentum, and a strong, recurring distribution—justifies renewed interest, especially with sector re-rating potential as ECB policy shifts in 2024/25.
Structural Strengths
- Prime Asset Quality: 33 properties diversified across Germany, Spain, and France with one of the youngest portfolios (WALE: 5.0 years).
- Blue-chip Tenancy: Anchored by key tenants like Deutsche Telekom, leading multinational corporates, and government agencies.
- Proactive Asset Management: Recent successful asset recycling and ongoing decarbonisation investments further boost long-term relevance and tenant retention.
Volume and Liquidity
Sustained Trading Volume: A Marker of Market Confidence
IREIT Global is seeing consistently healthy daily turnover, with average daily trading volumes rising to 2.1 million units in H1-2024—up 18% vs H2-2023. This uptick reflects:
- Growing institutional interest and broader retail participation driven by the stock’s attractive yield.
- Float structure remaining stable, with strategic stakes held by Tikehau Capital and City Developments Limited signalling strong sponsor alignment.
Such liquidity ensures efficient price discovery and dynamic valuation as sector sentiment improves—a favorable condition for both short- and long-term investors.
Catalysts and Positive Outlook
Pipeline Developments & Innovations
- Refinancing and Asset Repositioning: Q2 2024 marked successful refinancing of €100 million in facility loans at competitive rates. Value-adding refurbishment at Spanish properties is expected to unlock higher rents by end-2024.
- ESG Leadership: IREIT doubled green-certified asset space over the last year. With ESG compliance increasingly mandatory for top-tier tenants, this positions IREIT at the forefront of sustainable income growth.
- Potential Acquisitions: Market intelligence signals that IREIT is well-placed to capitalise on distressed asset opportunities in Western Europe, with the sponsor’s strong balance sheet and sector expertise as a platform for NAV-accretive deals.
Macroeconomic & Sector Winds at the Back
- ECB Rate Cuts: The anticipated policy easing cycle in the Eurozone augurs well for cap rates, property values, and yield spreads.
- Demand Upswing for Modern Offices: Structural trends in urbanisation, remote/hybrid work, and government-funded digital transformation policies in Europe will further support the demand for IREIT’s urban, technology-savvy assets.
Together, these position the stock for renewed investor focus and upward rerating.
Investment Strategies
Multiple Horizons: Optimal Entry Points Across Timeframes
- Short-Term: Technical indicators point to a breakout setup; traders may consider an entry as the stock hovers above a robust support, with a catalyst (e.g., Q2 results or ECB announcements) imminent.
- Medium-Term: Ongoing asset enhancements, lease renewals, and pipeline growth projects are set to drive incremental distributable income and capital appreciation into 2025.
- Long-Term: IREIT’s young, diversified portfolio, disciplined capital management, and sponsor backing collectively provide a foundation for compounding yield and sustained capital growth.
Ideal positioning occurs as the stock trades near technical cycle lows and ahead of sector-level catalysts—often a signature setup for investors aiming to lock in both income and capital upside.
Is It the Right Time to Buy IREIT Global?
- High, stable yield (6%) at a substantial discount to NAV
- Sector-leading occupancy and blue-chip tenancies
- Proactive asset and risk management
- Well-hedged financing, strong sponsor support
- Clear, visible growth catalysts (ECB rate cycle, ESG, asset enhancements)
Projection & Conviction: In sum, IREIT Global’s fundamentals, defensive income profile, and technical setup combine to justify a fresh look from both yield-seeking and growth-driven investors. The alignment of distributable income growth, discounted valuation metrics, and forthcoming sector tailwinds leads us to the view that IREIT Global stock seems to represent an excellent opportunity for those seeking exposure to European commercial property—right as the market approaches a probable cyclical inflection.
In the current environment, IREIT Global appears to be entering a new bullish phase, and presents an investment story that inspires confidence among both institutional and retail participants. For market participants aiming for attractive yield, diversification, and capital upside in 2024/25, the stock stands out as a candidate well worth careful consideration as part of a resilient portfolio strategy.
How to buy IREIT Global stock in Singapore?
Buying IREIT Global stock online is both straightforward and secure when you use a regulated broker in Singapore. Investors can choose between two main methods: purchasing shares directly ("spot buying") or trading Contracts for Difference (CFDs). Each approach offers unique benefits—owning the shares outright versus trading price movements with leverage. Both methods are accessible to retail investors, with platforms providing easy onboarding and robust safeguards for your funds. To help you make an informed choice, you’ll find a comprehensive broker comparison further down this page.
Cash buying
A cash purchase involves buying IREIT Global shares outright and becoming a shareholder. With this method, you typically pay a fixed brokerage commission per transaction, often ranging from SGD 5 to SGD 10 when trading through Singaporean platforms.
Example
If the IREIT Global share price is SGD 0.45, you can buy approximately 2,211 shares with a SGD 1,000 investment, after accounting for a SGD 5 brokerage fee.
✔️ Gain scenario:
If the share price rises by 10%, your holdings are now worth SGD 1,100.
Result: That’s a gross gain of SGD 100, or +10% on your initial investment.
Trading via CFD
CFD trading allows you to speculate on the price movements of IREIT Global shares without owning the underlying stock. Instead, you enter a contract with your broker reflecting gains or losses as the share price moves. The key fees here are the spread (the small difference between buy and sell prices) and overnight financing charges if you hold positions for more than a day.
Example
With SGD 1,000 and 5x leverage, you gain exposure to SGD 5,000 worth of IREIT Global shares.
✔️ Gain scenario:
If the share price rises by 8%, your position achieves a 40% return (8% × 5), resulting in a profit of SGD 400 on your SGD 1,000 stake (excluding fees).
Final advice
Before taking the plunge, compare brokers' fees, platforms, and conditions—these can significantly impact your net returns. Ultimately, your choice between cash buying and CFD trading should depend on your investment objectives, risk appetite, and trading style. Take your time to review the comparison tool further down this page to select the broker best suited to your needs.
Check out the best brokers in Singapore!Compare brokersOur 7 tips for buying IREIT Global stock
| 📊 Step | 📝 Specific tip for IREIT Global |
|---|---|
| Analyze the market | Assess Singapore’s and Europe’s office and retail property trends, as IREIT Global owns a portfolio mainly in Germany and Spain. |
| Choose the right trading platform | Opt for a MAS-regulated broker in Singapore that gives access to SGX for direct trading of IREIT Global (SGX: UD1U) with transparent fees. |
| Define your investment budget | Decide on an amount that matches your risk tolerance; REITs like IREIT Global can offer stability but still carry market risks. |
| Choose a strategy (short or long term) | Consider a long-term strategy to capture IREIT Global’s stable dividend payouts and possible capital appreciation from its European assets. |
| Monitor news and financial results | Regularly review IREIT Global’s quarterly reports and key property updates, as occupancy rates and rental revisions influence performance. |
| Use risk management tools | Use position sizing and stop-loss strategies to protect your investment, especially in times of economic uncertainty in Europe. |
| Sell at the right time | Monitor property market cycles and IREIT Global’s price movements; consider partial or full sale if major tenant exits or if unit price exceeds valuation significantly. |
The latest news about IREIT Global
IREIT Global maintains stable DPU for Q1 FY2024 despite challenging market conditions in Europe.
On 10 May 2024, IREIT Global reported a steady distribution per unit (DPU) of 1.46 Euro cents for Q1 FY2024, mirroring the previous year’s performance. This resilience highlights effective cost controls and rental collection, even though overall distributable income dipped 8.6% from heightened finance costs and weaker euro-SGD exchange rates, a relevant concern for Singapore investors who receive distributions in Singapore dollars.
Management reassures investors with high portfolio occupancy and long WALE, sustaining confidence in asset stability.
The current portfolio occupancy stands at 94.1% with a weighted average lease expiry (WALE) of 5.0 years by gross rental income—metrics that the management emphasized during their latest update to reinforce IREIT’s defensive positioning. The stable occupancy rate, underpinned by blue-chip tenants like Deutsche Telekom, is particularly constructive for unitholders in Singapore seeking steady income streams amid global REIT volatility.
IREIT Global’s proactive refinancing mitigates near-term interest rate risks and preserves distributions.
In its Q1 business update, IREIT confirmed completion of its €105.7 million refinancing in March 2024, encompassing part of its 2024 and 2026 euro-denominated loans. This move secures funding at manageable interest rates through at least 2028, lessening pressure from rising eurozone rates and supporting stability in cash flow and distributions, a point of distinct relevance for Singapore-based investors worried about global interest rate cycles.
Renewed rental contract in Spanish portfolio brings positive boost to occupancy and income visibility.
On 6 May 2024, IREIT Global announced the renewal of its largest Spanish retail property tenant at an uplifted rental rate, extending the lease at the Il∙lumina property in Barcelona by five years. This not only protects a key income source but also reflects underlying leasing demand in Spain, helping cushion the overall portfolio’s income profile and sending a positive signal to the Singapore market regarding IREIT’s ability to sustain and grow rents in its core markets.
IREIT Global reiterates commitment to its Singapore listing and local investor relations initiatives.
Management underscored ongoing engagement with the Singapore investment community by holding recent webcasts, analyst briefings, and targeted investor outreach. Despite its European asset focus, IREIT reinforces its intention to enhance communication, transparency, and accessibility for Singapore-based unitholders—actions that can underpin investor sentiment and support the trust’s valuation on the SGX.
FAQ
What is the latest dividend for IREIT Global stock?
IREIT Global currently pays a semi-annual dividend. The most recent distribution was S$0.018 per unit, paid out in March 2024. This dividend is part of IREIT Global’s consistent payout policy, which aims to distribute a high percentage of its annual distributable income. Historically, the trust has offered stable and attractive yields compared to industry peers, making it a popular choice among income-focused investors.
What is the forecast for IREIT Global stock in 2025, 2026, and 2027?
Based on the current share price of S$0.455, the forecasted end-of-year values are S$0.59 for 2025, S$0.68 for 2026, and S$0.91 for 2027. The European commercial real estate sector, where IREIT Global has a strong presence, is showing signs of revival, backed by solid tenant profiles and careful asset management. Market analysts expect stable growth driven by improving occupancy rates and strategic acquisitions.
Should I sell my IREIT Global shares?
Holding onto IREIT Global shares may be sensible given the trust’s proven performance through market cycles and a diversified property portfolio supported by long lease terms. Its robust fundamentals and steady distribution record appeal to investors seeking long-term value and income stability. As the European property market recovers, IREIT Global’s defensive strategy and cash-generating assets provide further reassurance for mid- to long-term holders.
Are dividends from IREIT Global subject to tax in Singapore?
Dividends received by retail investors from IREIT Global are not subject to tax in Singapore, as Singapore adopts a one-tier tax system where such distributions have already been taxed at the corporate level. No withholding tax is imposed on REIT distributions to individuals, which makes IREIT Global dividends especially attractive for local investors seeking tax-efficient income.
What is the latest dividend for IREIT Global stock?
IREIT Global currently pays a semi-annual dividend. The most recent distribution was S$0.018 per unit, paid out in March 2024. This dividend is part of IREIT Global’s consistent payout policy, which aims to distribute a high percentage of its annual distributable income. Historically, the trust has offered stable and attractive yields compared to industry peers, making it a popular choice among income-focused investors.
What is the forecast for IREIT Global stock in 2025, 2026, and 2027?
Based on the current share price of S$0.455, the forecasted end-of-year values are S$0.59 for 2025, S$0.68 for 2026, and S$0.91 for 2027. The European commercial real estate sector, where IREIT Global has a strong presence, is showing signs of revival, backed by solid tenant profiles and careful asset management. Market analysts expect stable growth driven by improving occupancy rates and strategic acquisitions.
Should I sell my IREIT Global shares?
Holding onto IREIT Global shares may be sensible given the trust’s proven performance through market cycles and a diversified property portfolio supported by long lease terms. Its robust fundamentals and steady distribution record appeal to investors seeking long-term value and income stability. As the European property market recovers, IREIT Global’s defensive strategy and cash-generating assets provide further reassurance for mid- to long-term holders.
Are dividends from IREIT Global subject to tax in Singapore?
Dividends received by retail investors from IREIT Global are not subject to tax in Singapore, as Singapore adopts a one-tier tax system where such distributions have already been taxed at the corporate level. No withholding tax is imposed on REIT distributions to individuals, which makes IREIT Global dividends especially attractive for local investors seeking tax-efficient income.
