I-RES H1 2026 profit rises on stronger rent growth

I-RES Infrastructure REIT reported a 8% year-over-year increase in first-half 2026 net profit, driven by higher rental income across its U.S. infrastructure and energy property portfolio.

The company, which specializes in long-term leased assets such as pipelines, transmission towers and renewable energy facilities, posted net income of $120 million for the six months ended June 30, 2026, compared with $111 million in the same period a year earlier. Revenue rose 5% to $285 million, supported by improved occupancy rates and higher lease rates on existing assets.

Same-asset net operating income, a key metric for the REIT, increased 6% year-over-year, reflecting stable demand in critical infrastructure sectors. Management highlighted continued strength in energy transition-related leases, particularly in solar and wind power facilities, as a driver of growth.

I-RES maintained its full-year 2026 guidance, reaffirming expectations for adjusted funds from operations (AFFO) per share in the range of $2.10 to $2.20. The midpoint implies a 7% increase from 2025 levels.

Chief Executive Officer John Alschuler noted that the company’s diversified asset base and contracted cash flows continue to provide resilience amid macroeconomic uncertainty. The REIT’s weighted average lease term stands at approximately 15 years, with 95% of leases subject to annual rent escalations tied to inflation benchmarks.

Shares of I-RES were up 1.2% in pre-market trading following the results.