PRS Reit (The) (PRSR)

Sector:

Property Investment Trusts

 75.10p
   
  • Change Today:
      0.000p
  • 52 Week High: 97.20
  • 52 Week Low: 60.50
  • Currency: UK Pounds
  • Shares Issued: 495.28m
  • Volume: 76,539
  • Market Cap: £371.95m
  • RiskGrade: 142

The PRS REIT acquires four new sites

By Josh White

Date: Friday 15 Jun 2018

LONDON (ShareCast) - (Sharecast News) - Closed-ended real estate investment trust, The PRS REIT, has acquired a further three development sites with a combined gross development cost of £34.4m, and purchased an additional completed PRS site for £9.08m.
The London-listed specialist fund said all sites were independently valued by Savills.

It said the three development sites comprised a site in Greater Manchester and two sites in Merseyside, which would yield a total of 238 additional new family homes.

Once fully let, the properties were expected to generate an estimated rental value of £2.17m per annum.

Sigma PRS Management, the PRS REIT's investment advisor, would manage the delivery of the homes, with Countryside Properties as the construction partner.

The completed PRS site was situated in Greater Manchester, the board explained, and was acquired from Sigma Capital Group.

It comprises 59 new, fully let, family homes and generated an estimated rental value of £0.54m per annum.

"The acquisitions bring the total number of sites acquired by the PRS REIT, or currently under construction for, and on behalf of the PRS REIT, to 25, equating to approximately 1,670 new family homes," the board explained in its statement.

"The gross development cost of these sites totals £239.3m and the new homes are expected to deliver an ERV of £15.1m per annum."

The PRS REIT said it expected to provide its quarterly update for the three months ended 30 June in early July.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PRS Reit (The) Market Data

Currency UK Pounds
Share Price 75.10p
Change Today 0.000p
% Change 0.00 %
52 Week High 97.20
52 Week Low 60.50
Volume 76,539
Shares Issued 495.28m
Market Cap £371.95m
RiskGrade 142

PRS Reit (The) Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
52.38% below the market average52.38% below the market average52.38% below the market average52.38% below the market average52.38% below the market average
44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average44.44% below the sector average
Price Trend
21.53% below the market average21.53% below the market average21.53% below the market average21.53% below the market average21.53% below the market average
Sector averageSector averageSector averageSector averageSector average
Income
68.97% above the market average68.97% above the market average68.97% above the market average68.97% above the market average68.97% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Growth
66.73% above the market average66.73% above the market average66.73% above the market average66.73% above the market average66.73% above the market average
61.11% above the sector average61.11% above the sector average61.11% above the sector average61.11% above the sector average61.11% above the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 3
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PRS Reit (The) Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 25-Jun-20 06-Feb-20
Paid 17-Jul-20 28-Feb-20
Amount 1.00p 1.00p

Trades for 03-Jul-2020

Time Volume / Share Price
16:37 4,086 @ 75.50p
15:28 100,000 @ 76.00p
16:25 9,000 @ 74.90p
09:51 100,000 @ 76.00p
14:45 6,425 @ 74.87p

PRS Reit (The) Key Personnel

CEO Graham Fleming Barnet

Top of Page