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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Prs Reit (the) Plc | PRSR | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -0.20 | -0.19% | 105.40 | 08:22:42 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 106.00 | 104.60 | 106.00 | 105.60 |
| Industry Sector |
|---|
| REAL ESTATE INVESTMENT TRUSTS |
| Top Posts |
|---|
Posted at 29/8/2024 07:07 by asagi in the webpage that city1911 links to, Sky's Business Editor Mark Kleinman writes:"Investors lay siege to boardroom of London-listed private rental group Shareholders owning nearly 20% of PRS REIT, which has a market value of nearly £500m, are to push for the removal of chairman Stephen Smith and a strategic review that could lead to a sale, Sky News learns." |
Posted at 21/7/2024 13:48 by giltedge1 Savill s predicts house prices to rise 20% between 2025 & 2028. (Down 3% this year). So that's 7% pa plus 5% dividend + can add more properties to borrow against NAV as NAV rises. Also investors can buy in currently at great discount. Coupled with savings rates dropping soon, seems compelling buy. |
Posted at 18/7/2024 23:13 by boonkoh Theresa very simple question. Despite favourable debt rates, despite 1-2 years already of outstanding rental growth, despite historically high occupancy rates, despite 100% rent collection....Only a dividend of 5.3% is possible. When you can get similar rates in risk free savings / money market funds.Should an investor not be compensated more for putting money into (riskier) real estate than cash? |
Posted at 31/5/2024 08:13 by pj fozzie Anyone else hold PRSR with Interactive Investor?I've got my dividend through this morning - however it's been miscalculated and I've only got a tenth of what I was expecting. Anyone else seen similar - or is it just me? I hold 25000 shares, was expecting £250 only received £25 Cheers, PJ |
Posted at 18/4/2024 19:31 by jimbobbaby Deadline for voting shares tomorrow. There is a proposal to disappear preemption rights. Would make sense for us smaller investors to all vote against. Probably not enough to swing it but worth registering the protest. |
Posted at 04/4/2024 14:39 by pdosullivan Very interesting - the Investors Chronicle article has been amended. It now says "The company knows [it does not have cash to build more houses] and told Investors' Chronicle it is speaking to its shareholders about its next move" with a footnote adding - This article has been amended to clarify the nature of PRS REIT's discussions with shareholders |
Posted at 03/4/2024 12:36 by jimbobbaby A capital raise now would be purely in the managers interest and very detrimental to shareholders given the long term fixed nature of much of the debt.If leverage and gearing ratio are a concern they should sell some properties to reduce debt.This would have a much smaller impact on current holders.Or if issuing new capital it should be to all shareholders pro rata.Is there enough private holders to block it / cause a fuss by e-mailing investor relations setting out the concerns. |
Posted at 02/4/2024 22:07 by smithers1 Investors Chronicle states today PRSR speaking to shareholders about an equity raise. Do not see shareholder value in this. Investment Manager self interest looking to increase assets under management.PRSR launched in 2017 targeting a geared 6p dividend. Almost 7 years in dividend is 4p and still not yet fully covered and share price 21p below raise price. Do not see the attractions of equity raise based on track record and current discount to "stated" NAV when can get 5%+ interest on deposit. Given gearing risk and longer term maintenance cost risk I would be looking for 8% min. div. Portfolio should be left to stabilise and investment advisor fees slashed given their role now is limited to overseeing a third party letting / property management company. £6m a year to do that seems excessive |
Posted at 05/11/2023 09:07 by masurenguy Interesting share tip - no position but added to my watchlist.MIDAS SHARE TIPS: Home in on cash from PRS Reit 4 November 2023 The group was set up in 2017 to deliver high-quality homes at affordable rates, while generating robust income for shareholders. To date, it has delivered on each of those ambitions, amassing a portfolio of more than 5,000 purpose-built, private rental homes and paying attractive dividends along the way. Yet PRS shares have fallen from £1.10 in the summer of 2022 to just 79p today, with investors deserting property stocks in droves, concerned by rising interest rates and weak economic growth. For PRS, the decline seems overdone, reflecting neither the value of its properties nor its growth potential. Earnings per share were 3.1p in the last financial year and dividends were 4p, so some of the money paid out to shareholders came from the company's balance sheet rather than tenants' rents. That should change this year as PRS is on track to add another 400 homes to its portfolio, taking the estate to 5,500 homes, each of which will be generating rent and ensuring that dividends are covered by earnings. Brokers predict a 16% increase in rental income to more than £46m by next June, rising to £51m in 2025. Dividends are likely to remain at 4p this year, but they should rise steadily from 2024. Midas verdict: PRS Reit shares have been hit by stock market woes and now look like a bargain. At 79p, the stock offers attractive dividend income, capital growth potential and the opportunity for investors to help solve one of the UK's most pressing problems. Buy. |
Posted at 10/10/2023 10:40 by makinbuks Interesting update. Model looks like it just about hangs together with a 4p dividend. the future all depends on the direction of interest rates. My prediction FWIW is two years from now the base rate is 2% lower and the share price goes to £1, still yielding 4%.There is the risk of a really sharp recession with a crash in house prices pushing the LTV beyond the 45% covenants. Rent arrears would also increase, but rates would be cut more quickly cutting the cost of debt and the discount for the income stream The real question as we complete the build out in that period is what next. The manager will want to increase AUM. Possible asset management approach? Could existing investors be invited to invest in a separate managed fund? |
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