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PRS REIT Plc ( (GB:PRSR) ) just unveiled an announcement.
PRS REIT plc reported strong performance in its portfolio for the second quarter of its financial year ending June 2025, driven by favorable market fundamentals such as a shortage of high-quality rental homes in the UK and increasing demand. The company completed 5,437 homes with an estimated rental value of £68.6m per annum. Despite minor fluctuations in site numbers and rental growth, the company’s rent collection remained robust at 99%, and occupancy was at 96%. The board is engaged in discussions concerning a potential sale of the company, aiming 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 UK Private Rented Sector (PRS). The company specializes in high-quality, new build family homes, providing an attractive income level and potential for capital growth. Established in 2017, it has invested over £1bn in rental homes, supported by the UK Government’s Homes England, and is listed on the London Stock Exchange’s Main Market.
YTD Price Performance: 2.60%
Average Trading Volume: 858,079
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £606.4M
For an in-depth examination of PRSR stock, go to TipRanks’ Stock Analysis page.
