The PRS REIT Reports Robust Portfolio Growth Amid Strategic Review

PRS REIT Plc ( (GB:PRSR) ) just unveiled an update.

The PRS REIT plc reported strong portfolio performance in the second quarter of its financial year, with a stable market outlook supporting its investment strategy in the UK’s private rented sector. Despite some market volatility, demand for high-quality rental homes remains robust due to a shortage of supply, which is reflected in the company’s trading performance. The trust’s portfolio reached 5,437 completed homes with a 99% rent collection rate and 96% physical occupancy. The Board is also considering strategic options, including a potential sale, to maximize shareholder value.

More about PRS REIT Plc

The PRS REIT plc is a closed-ended real estate investment trust focused on the private rented sector (PRS) in the UK. It invests in high-quality, new build, single-family homes for private rental, aiming to provide shareholders with attractive income and potential capital growth. With a significant portfolio of over 5,437 homes as of December 2024, it is considered the largest build-to-rent single-family rental portfolio in the UK. The company is part of the FTSE 250 Index and has received direct investments from the UK Government’s Homes England.

YTD Price Performance: 2.60%

Average Trading Volume: 858,079

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £606.4M

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