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The latest update is out from PRS REIT Plc ( (GB:PRSR) ).
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.
More about PRS REIT Plc
The PRS REIT plc is a closed-ended real estate investment trust focused on investing in the Private Rented Sector (PRS) to provide shareholders with attractive income levels and potential capital and income growth. It has invested over £1bn in a portfolio of high-quality homes for private rental across the UK regions. Listed on the London Stock Exchange’s Main Market and a constituent of the FTSE 250 Index, it boasts the largest build-to-rent single-family rental portfolio in the UK.
YTD Price Performance: 1.86%
Average Trading Volume: 771,429
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £602M
For detailed information about PRSR stock, go to TipRanks’ Stock Analysis page.
