PRS REIT Plc (GB:PRSR) has released an update.
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PRS REIT Plc reports a robust financial performance for the year ended 30 June 2024, with a notable increase in profits, revenue, and net asset value, driven by strong rental demand and portfolio management. The company has expanded its portfolio to 5,425 completed homes, experiencing a rise in operating profit by 90% and a profit after tax surge of 120%. The positive outlook is supported by a structural shortage of quality family rental homes in the UK, suggesting a favorable environment for future growth.
For further insights into GB:PRSR stock, check out TipRanks’ Stock Analysis page.
