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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Prs Reit (the) Plc | LSE:PRSR | London | Ordinary Share | GB00BF01NH51 | ORD 1P |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -0.20 | -0.26% | 77.00 | 120,203 | 14:45:43 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 77.00 | 77.20 | 77.20 | 76.60 | 76.70 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 51.35M | 42.45M | 0.0773 | 9.96 | 422.92M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 15:03:47 | O | 11 | 77.183 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/3/2024 | 07:00 | UK RNS | PRS REIT PLC (The) Interim Results |
| 16/2/2024 | 11:21 | UK RNS | PRS REIT PLC (The) Director/PDMR Shareholding |
| 31/1/2024 | 07:00 | UK RNS | PRS REIT PLC (The) Dividend Declaration |
| 17/1/2024 | 10:04 | UKREG | PRS REIT PLC (The) Director Declaration |
| 17/1/2024 | 07:00 | UKREG | PRS REIT PLC (The) Q2 Update |
| 11/1/2024 | 14:42 | UKREG | PRS REIT PLC (The) TR-1 Notification |
| 09/1/2024 | 17:10 | UKREG | PRS REIT PLC (The) TR-1 Notification |
| 13/12/2023 | 07:00 | UKREG | PRS REIT PLC (The) Director/PDMR Shareholding |
| 04/12/2023 | 17:29 | UKREG | PRS REIT PLC (The) Result of AGM |
| 04/12/2023 | 13:01 | UKREG | PRS REIT PLC (The) Holding(s) in Company |
Prs Reit (PRSR) Share Charts1 Year Prs Reit Chart |
|
1 Month Prs Reit Chart |
Intraday Prs Reit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 18/4/2024 | 20:31 | :::: The PRS REIT :::: | 267 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 14:03:47 | 77.18 | 11 | 8.49 | O |
| 13:58:25 | 77.00 | 104 | 80.08 | AT |
| 13:51:01 | 77.20 | 10 | 7.72 | O |
| 13:44:30 | 77.00 | 2,400 | 1,848.00 | AT |
| 13:44:21 | 77.00 | 22,671 | 17,456.67 | AT |
| Top Posts |
|---|
Posted at 19/4/2024 09:20 by Prs Reit Daily Update Prs Reit (the) Plc is listed in the Real Estate Investment Trust sector of the London Stock Exchange with ticker PRSR. The last closing price for Prs Reit was 77.20p.Prs Reit currently has 549,251,458 shares in issue. The market capitalisation of Prs Reit is £422,923,623. Prs Reit has a price to earnings ratio (PE ratio) of 9.96. This morning PRSR shares opened at 76.70p |
Posted at 11/4/2024 12:25 by pdosullivan Yes and the average rent charged on the PRSR portfolio is only 23pc of the average gross income of the tenants so very affordable and hence more defensive or stickier, providing more reassurance on the dividend. |
Posted at 11/4/2024 12:13 by asagi lots of posters making good points but to me the big ones are:. residential rents generally DON'T come down . interest rates are likely to come down in the UK soon it's the hoped for effect on the share price of lower rates that has got me in here. Asagi (long PRSR) |
Posted at 09/4/2024 22:59 by smithers1 Giltedge1 agreed. Taking £102m of debt at 6.04% in July last year was a mistake and dilutive as the properties yield less than that after allowing for maintenance and property management costs. It's fixed for 15 years so paying that off early will be expensive.The shorter term variable rate debt is also an issue. £59m was drawn at 31st Dec at a blended rate of 7.6%. With interest rates where they are and debt priced accordingly I do not think the model is viable any longer. When PRS REIT secured long term fixed debt tranches at 2.76% and 3.14% it was accretive but with these properties throwing off net income yields of 4-5% debt at 6/7/8% is dilutive. The investment adviser fee currently amounts to 1.08p per share. With a 4p (not yet fully covered) dividend the fee is significant. I think it needs to be reduced but also if more equity is raised, the IA fee should not be charged on any cash portion of NAV as has been the case to date. It has taken the best part of 7 years to deploy the equity and debt raised to date. If more equity is raised the IA fee moving forwards should only be charged against the value of completed investment properties contributing to NAV. The IA has to date charged its fee against the cash element within NAV as well as the apportioned value of UNCOMPLETED homes which always struck me as generous given they also receive a 2% delivery management fee for overseeing the build of the homes. In that context I think the fee structure has and continues to be an issue. |
Posted at 04/4/2024 19:31 by asagi reckon that's right MakinBuks? The IC doesn't outsource editorial control to subjects and would surely only amend if they acknowledged their article was erroneous or misleading to IC's readers.But I know nothing of it. Asagi (long PRSR) |
Posted at 04/4/2024 15:50 by spectoacc Ha, so either some shareholders kicked up a fuss, or more likely PRSR discovered it wasn't an option after all.But still open-ended - what else could "..Speaking to shareholders.." involve? |
Posted at 03/4/2024 13:18 by asagi I'm expecting the share price to rise in the coming 18 months as rates fall.couldn't agree more Makinbuks. I'm also a shareholder and the PRS REIT and think it is one of the best plays on the market for interest rates coming down. Asagi (long PRSR) |
Posted at 03/4/2024 06:59 by spectoacc Agree re fees, but I've said all along on PRSR, the business model (also applies to many others eg renewables, infrastructure) relies on a stream of new purchases. Property may be less of a wasting asset than some, but BtL needs CapEx, and it needs to not all come in a lump.Wonder if they'll try a trick like issuing at slightly higher than current s/p, support by a few major s/holders spending OPM. |
Posted at 02/4/2024 23:11 by pdosullivan PRSR shareholder here. I would be very strongly opposed to any equity raise at a discount to NAV. |
Posted at 02/4/2024 23:07 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 10/10/2023 12:17 by makinbuks I don't necessarily think lenders would foreclose (indeed Govt would pressure them to hold off), but they would extract a price at the expense of equity.I agree that gap between the share price and NAV could attract an outright bid, but the insurers are not operators. Why not take a stake in PRSR and then invest in a fund managed by them? |
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