PRS REIT Plc (PRSR) AI Stock Analysis

• Market Cap: £630.54M
• Dividend Yield: 3.57%
• Average Volume (3M): 821.28K
• Price to Earnings (P/E): 5.8
• Beta (1Y): 0.85
• Revenue Growth: 16.81%
• EPS Growth: 89.02%
• Country: UK
• Employees: N/A
• Sector: Real Estate
• Sector Strength: 64
• Industry: REIT - Residential
• EPS (TTM): 0.20
• Shares Outstanding: 549,251,460
• 10 Day Avg. Volume: 737,468
• 30 Day Avg. Volume: 821,279
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: £111.00
• Price Target Upside: -3.31% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 2

• Rating: 76 Outperform
• Price Target: ―

PRS REIT Plc benefits from strong financial performance, with robust cash flows and a stable balance sheet. The technical analysis suggests neutral momentum, while its low valuation and attractive dividend yield provide significant upside potential. The strategic review and potential acquisition proposals further highlight potential for increased shareholder value, making the stock an attractive investment.

PRS REIT Plc Business Overview & Revenue Model

Company Description

The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector (PRS) and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing over GBP 1bn in a portfolio of high quality homes for private rental across the regions, having raised a total of GBP 0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government's Homes England has supported the Company with direct investments. In March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange's premium segment of the Main Market. The Company has over 4,500 new rental homes in its portfolio, which the Company believes is the largest build-to-rent single family rental portfolio in the UK.

How the Company Makes Money

PRS REIT Plc generates revenue primarily through rental income from its portfolio of residential properties. The company invests in the acquisition and development of high-quality rental homes, which are then leased to tenants. This rental income serves as a stable and predictable revenue stream. Additionally, the company may benefit from property value appreciation, which can enhance its asset base and provide potential gains upon property sales. PRS REIT Plc also engages in strategic partnerships with developers and builders to efficiently grow its portfolio, thereby maximizing its revenue potential.

PRS REIT Plc Financial Statement Overview

Summary

Income Statement

Balance Sheet

Cash Flow

Breakdown
Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020
Income Statement		Total Revenue
58.42M	51.35M	42.43M	26.64M	12.95M
	Gross Profit
41.43M	36.01M	29.64M	17.09M	5.77M
	EBIT
-70.78M	33.53M	27.29M	15.11M	4.09M
	EBITDA
38.30M	0.00	0.00	0.00	0.00
	Net Income Common Stockholders
93.67M	42.45M	115.89M	44.11M	16.41M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
18.05M	13.20M	48.68M	86.41M	59.30M
	Total Assets
1.16B	1.05B	1.02B	873.37M	640.08M
	Total Debt
415.29M	375.19M	346.66M	355.89M	145.24M
	Net Debt
-13.87M	361.99M	297.98M	269.48M	85.94M
	Total Liabilities
433.27M	395.28M	378.64M	383.10M	169.16M
	Stockholders Equity
731.42M	659.72M	639.24M	490.27M	470.92M
Cash Flow		Free Cash Flow
35.17M	17.70M	21.40M	5.15M	-7.06M
	Operating Cash Flow
35.17M	17.70M	21.40M	5.15M	-7.06M
	Investing Cash Flow
-31.18M	-57.71M	-81.82M	-164.26M	-193.77M
	Financing Cash Flow
676.00K	4.53M	22.69M	186.22M	30.19M

PRS REIT Plc Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 114.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:PRSR, the sentiment is Positive. The current price of 114.8 is above the 20-day moving average (MA) of 114.66, above the 50-day MA of 113.08, and above the 200-day MA of 104.61, indicating a bullish trend. The MACD of 0.57 indicates Positive momentum. The RSI at 55.43 is Neutral, neither overbought nor oversold. The STOCH value of 19.52 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:PRSR.

PRS REIT Plc Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SUPR	80 Outperform	£994.50M	14.30	6.20%	7.67%	-8.26%	1700.00%
WHR	77 Outperform	£418.91M	11.19	6.91%	6.46%	0.17%	―
PRSR	76 Outperform	£630.54M	5.75	15.17%	3.57%	16.81%	89.02%
RESI	61 Neutral	£102.07M	―	-6.65%	7.36%	―	―
Sector *	60 Neutral	$2.76B	10.33	0.49%	8508.28%	5.95%	-17.56%
KCR	35 Underperform	£3.17M	―	-3.56%	―	3.67%	-11000.00%
HOME		£71.15M	―		―	―	―

PRS REIT Plc Corporate Events

PRS REIT Reports Strong Q3 Performance Amid Ongoing Strategic Review

The PRS REIT plc reported strong portfolio performance for the third quarter ending 31 March 2025, with a nearly fully delivered portfolio of 5,443 completed homes and an estimated rental value of £69.6 million per annum. The company achieved a 101% rent collection rate and maintained a high physical occupancy rate of 96%. The strategic review and formal sale process are ongoing, with discussions about the company’s acquisition continuing, aiming to maximize shareholder value.

Spark’s Take on GB:PRSR Stock

According to Spark, TipRanks’ AI Analyst, GB:PRSR is a Outperform.

PRS REIT Plc scores well due to strong financial performance with robust cash flows and a solid balance sheet. Positive technical indicators and undervaluation add to its attractiveness. The strategic review and potential acquisition proposals highlight significant corporate developments, suggesting potential for enhanced shareholder value.

To see Spark’s full report on GB:PRSR stock, click here.

PRS REIT Reports Strong Interim Results Amid Strategic Review

The PRS REIT plc reported strong interim results for the six months ending December 2024, with significant increases in revenue, net rental income, and profit before tax. The company’s portfolio, the largest of its kind in the UK, is nearing completion with 5,437 homes and an estimated rental value of £68.6m per annum. The strategic review and formal sale process are ongoing, with several acquisition proposals received, reflecting the company’s robust market position amid high demand for quality family rental homes.

BlackRock Increases Stake in PRS REIT

The PRS REIT Plc, a UK-based real estate investment trust, has announced a change in its major holdings due to BlackRock, Inc.’s acquisition of voting rights. BlackRock, a global investment management corporation based in the USA, has increased its total voting rights in PRS REIT to 6.28%, crossing the 5% threshold. This change in holdings reflects BlackRock’s strategic interest in the UK real estate sector and may influence PRS REIT’s future strategic decisions and shareholder dynamics.

BlackRock Increases Stake in PRS REIT PLC

The PRS REIT PLC, a UK-based company, has announced a change in its major holdings due to an acquisition or disposal of voting rights by BlackRock, Inc., a major investment management corporation headquartered in the USA. The notification indicates that BlackRock’s total voting rights in PRS REIT have increased to 6.28%, up from a previous 5.89%, reflecting a strategic adjustment in their investment portfolio. This change in holdings may impact PRS REIT’s shareholder dynamics and could influence its market positioning, given BlackRock’s significant influence in the financial sector.

BlackRock Adjusts Voting Rights in PRS REIT Plc

PRS REIT Plc, a UK-based real estate investment trust, focuses on the acquisition and management of residential properties. The company recently announced that BlackRock, Inc. has adjusted its voting rights in PRS REIT, with a slight decrease from 5.90% to 5.89%. This change reflects BlackRock’s ongoing management of its investment portfolio and may influence the company’s shareholder dynamics.

BlackRock Adjusts Stake in PRS REIT PLC

The PRS REIT PLC, a UK-based real estate investment trust, announced a change in its major holdings, with BlackRock, Inc. adjusting its voting rights in the company. BlackRock’s total voting rights in PRS REIT increased to 5.9% from a previous 5.36%, reflecting a strategic adjustment in their investment position. This change in holdings could influence PRS REIT’s strategic decisions and impact its market positioning, with potential implications for stakeholders and future company operations.

Waverton Adjusts Stake in PRS REIT Plc

Waverton Investment Management Limited has adjusted its voting rights in PRS REIT Plc, reducing its stake from 6.20% to 5.72% as of February 11, 2025. This change in shareholding could impact Waverton’s influence in company decisions and reflects ongoing adjustments in investment strategies by major stakeholders.

PRS REIT Increases Dividend Amid Strategic Review & Sale Process

The PRS REIT plc announced an increased interim quarterly dividend of 1.1 pence per ordinary share, reflecting its continued strong rental and earnings growth. This increase is part of the company’s efforts to provide shareholders with value, with dividends covered by EPRA earnings. In other developments, the company has received several non-binding proposals for acquisition as part of its ongoing Strategic Review and Formal Sale Process. The proposals suggest a premium over the current share price but a discount to the net asset value, with further due diligence expected by the end of Q1 2025. The outcome of these proposals remains uncertain, and the company continues to explore options to maximize shareholder value.