PRS REIT Plc (GB:PRSR) has released an update.
The PRS REIT plc has reported a robust performance for the fourth quarter ending 30 June 2024, with a 11.7% rental growth over the year and a high occupancy rate of 96% for its portfolio of over 5,300 newly built rental homes. The company’s financial stability is underscored by a healthy rent-to-income affordability level of 23% and a strong position in the market due to a significant supply deficit in the UK’s single-family rental sector. PRS REIT is poised for continued success with long-term debt arrangements and cost-saving measures in place, signaling confidence in future prospects.
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