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An announcement from PRS REIT Plc ( (GB:PRSR) ) is now available.
In its second quarter update, PRS REIT plc reported continued strong portfolio performance despite market volatility, driven by a high demand for quality rental homes in the UK. The company completed 5,437 homes with an estimated rental value of £68.6m per annum and maintained a 99% rent collection rate. The board is also exploring a potential sale of the company, aiming to maximize shareholder value, with further updates expected in Q1 2025.
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 family homes for private rental, having raised significant capital since its Initial Public Offering in 2017. Notably, the company is supported by the UK Government’s Homes England and is listed on the London Stock Exchange, with its portfolio being the largest of its kind in the UK.
YTD Price Performance: 2.60%
Average Trading Volume: 858,079
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £606.4M
Learn more about PRSR stock on TipRanks’ Stock Analysis page.
