PRS REIT Plc ( (GB:PRSR) ) has issued an announcement.
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.
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 aims to provide shareholders with attractive income levels and potential for capital and income growth by investing over £1bn in a portfolio of high-quality homes for private rental across various regions.
YTD Price Performance: 7.56%
Average Trading Volume: 747,266
Technical Sentiment Signal: Sell
Current Market Cap: £629.4M
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