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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
  8.20 9.58% 93.80 1,824,267 16:35:19
Bid Price Offer Price High Price Low Price Open Price
93.00 94.00 97.00 86.60 86.80
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Real Estate Investment Trusts 26.64 44.11 8.90 10.5 515
Last Trade Time Trade Type Trade Size Trade Price Currency
18:28:33 O 5,000 94.348 GBX

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Date Time Title Posts
26/9/202221:32:::: The PRS REIT ::::92

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Posted at 02/10/2022 09:20 by Prs Reit Daily Update
Prs Reit (the) Plc is listed in the Real Estate Investment Trusts sector of the London Stock Exchange with ticker PRSR. The last closing price for Prs Reit was 85.60p.
Prs Reit (the) Plc has a 4 week average price of 81.60p and a 12 week average price of 81.60p.
The 1 year high share price is 114p while the 1 year low share price is currently 81.60p.
There are currently 549,251,458 shares in issue and the average daily traded volume is 1,077,741 shares. The market capitalisation of Prs Reit (the) Plc is £515,197,867.60.
Posted at 26/9/2022 21:32 by smithers1
Annual report for the year to June 2021 notes portfolio benefited from yield compression with an investment yield range of 4.0 - 4.75% applied. States 0.125% improvement in yield would increase NAV by £24m whilst worsening in yield by 0.125% would lower NAV by £22m. Portfolio has grown since then as funds deployed so impact would be greater either way. This time last year UK 5 year GILT negative 0.10% and 10 year UK GILT +0.18%. Currently 5 year is 4.06% and 10 year 3.83%. Would expect investment yield range of PRSR portfolio to have moved out significantly with corresponding impact on NAV
Posted at 07/9/2022 15:15 by jimbobbaby
Rents and replacement cost will both be increasing. Most debt is fixed. Work in progress is fixed price.
Posted at 25/7/2022 08:54 by davebowler
Liberum; PRS REIT 5% like-for-like rental growth in 12m period to June 2022 Mkt Cap £600m | Share price 109.2p | Prem/(disc) 4.5% | Div yield 3.7% Event PRS REIT added almost 300 completed units in the six-month period to June 2022. The portfolio now comprises 4,786 completed units with a further 693 contracted. During the quarter, PRSR completed the acquisition of a contracted site in Nuneaton from Sigma Capital Group (50 completed and let homes) and a new 41-unit development site in Burton-Upon-Trent. Three further site acquisitions are expected in the period to December 2022. PRSR achieved 100% rent collection in the 12 months to 30 June 2022. Total occupancy of the completed units is 98% and a further 1% are reserved. Like-for-like rental growth on stabilised sites over the 12 months to June 2022 was 5.1%. Liberum view PRS REIT has now achieved 84% of its target of 5,700 completed units. PRSR's NAV performance has improved considerably since June 2020 due to an acceleration in the pace of completions, yield compression and portfolio rental growth. The six-month period to June 2022 is also likely to show meaningful capital growth given the like-for-like rental growth achieved in the period. Operational performance has also been strong with consistently high levels of rent collection and occupancy.
Posted at 04/1/2022 12:12 by pdosullivan
Hi all, just giving a second and final push to my blog on PRS REIT, which I am a shareholder in. The blog can be found here - https://tbifund.wordpress.com/2022/01/01/the-prs-reit-prsr-ln-safe-as-houses/
Posted at 01/1/2022 17:22 by pdosullivan
Hi all, I have written a blog on PRS REIT, which I am a shareholder in, that may be of interest to you. The blog can be found here: https://tbifund.wordpress.com/2022/01/01/the-prs-reit-prsr-ln-safe-as-houses/
Posted at 15/12/2021 09:04 by davebowler
Acquisition of three target sites Mkt Cap £582m | Share price 106.0p | Prem/(disc) 7.1% | Div yield 3.8% Event PRS REIT has acquired three of the five targeted sites that were identified at the time of the equity raise in September. The gross development cost of the sites is £60m with an expected ERV of £3.6m (6.0% yield on cost). All three sites are currently under construction. The two remaining sites will be funded from debt facilities and are scheduled for acquisition during H1 2022. Liberum view PRSR has now committed all of proceeds (£56m) that were raised in September. The company expects to begin receiving income on completion of the initial homes from the end of February 2022 and practical completion across all of the sites is expected by June 2024. In terms of guidance on the expected earnings impact, the board previously indicated that it expects the transactions to be accretive to IFRS EPS from the first full financial year after the issue (i.e. the year to June 2023) and accretive to EPRA EPS from the second full financial year after the issue (i.e. the year to June 2024). The board expects the current 4p dividend to be almost fully covered on a run-rate basis by the end of FY 2022
Posted at 12/10/2021 09:20 by davebowler
Liberum; Full dividend cover expected by FY 2023 Mkt Cap £555m | Share price 101p | Prem/(disc) 2.0% | Div yield 4.0% Event PRS REIT's results for the 12-month period to June 2021 have confirmed an EPRA NTA per share of 99.0p (previously reported), resulting in a 9.4% NAV total return over the year. The total number of completed and contracted units at 30 June 2021 was 5,055, representing a slight reduction from December 2020. The portfolio is spread across 64 sites and has an ERV of £48.1m on completion (6.1% yield on cost). Rental growth for new lettings rose by 6.2% and renewals increased by 4%. 1,902 units were completed in FY 2021 (June period end), representing a 91% increase in the year. A further 307 homes were added in the quarter to September 2021, bringing the total number of completed units to 4,291 (June 2020: 2,082). PRS REIT has now achieved 85% of its target of 5,200 completed units (prior to any adjustments resulting from the recent capital raise). The company raised £56m post period end to fund a pipeline of five additional sites (500 homes). Two of the sites have been acquired. Rent collection has been strong with 98% collected in FY 2021, rising to 99% in the quarter to September 2021. Total arrears were recently reported to be £0.4m (0.8% of ERV on completed units). Occupancy of completed units was 98% with a further 1% of units reserved. EPRA EPS in FY 2021 rose to 1.2p, representing dividend cover of 0.3x. The board expects the current dividend to be almost fully covered on a run-rate basis by the end of FY 2022. Gross to net costs showed an improvement from 21.1% in FY 2020 to 19.5% in FY 2021. Liberum view PRSR had previously disclosed the NAV figures for June together with the key portfolio operating metrics. Development profits have driven the high return in the period as the pace of completions accelerated. Development gains will remain the key driver of performance over the medium term. The recent raise has pushed out out the company's delivery of EPRA EPS growth. At the time of the interim results in March 2021, the company had indicated it expected to be able to increase the dividend in FY 2022. That now appears unlikely and we expect the company will maintain an uncovered dividend of 4.0p pa
Posted at 08/6/2021 11:28 by sphere25
Further to the post above, the answer is in... The buying ahead of the FTSE re-jig (PRSR goes into the Small Cap and All Share Indices) has now resulted in a premium to EPRA NAV. Clearly this one was known well in advance so the early buyers have done well, many promotions and demotions can be decided very close to the review or the actual close the day before. There is still strong demand for shares here. We can see anomalous volumes and some chunky trades in recent days so possibly a few more pennies for holders to come here but it has been an interesting example. A steady slow one to post on following NSCI - absolute rocket ship! Lobbed those now. Elsewhere notable activity... RCH - some big chunks going through (major ding dong going on at 246p) which will be the previously mentioned sellers in size continuing to lob but the volume is significant and a break of that 247p (where it knocked its head twice prior and fell back) mark will be key to watch. All imo DYOR
Posted at 29/3/2021 13:41 by sphere25
And catching up with boring PRSR: "The Company's transfer from the Specialist Fund Segment to the Premium Segment of the Main Market of the London Stock Exchange took place on 2 March. The migration will enable us to broaden the share register and facilitates our eligibility for inclusion in FTSE's EPRA and UK Index Series." Just want to see how the buying comes in now from the trackers for the next review in June and whether it results in closing the NAV from the current price of 87.1 to the EPRA NAV of 96.2p. Nothing of note as yet, it is early. Have to see if the wider market holds completely stable till the review in June too, but should be easy to see any whoppers being bought here because PRSR barely bats an eyelid most of the time. All imo DYOR
Posted at 27/12/2020 10:11 by kingrat1
Crude using average prices that cover such a large area. Prices can vary significantly street by street. It also somewhat misses the point about the obvious conflicts of interest that have yet to be acknowledged by the Board let alone addressed. The PRS Reit launched in May 2017 and since then the share price is DOWN 23%, more if you consider the second £250 mill was raised at £1.025, and that's after a strong rebound from £0.58 at the start of the pandemic. This was supposed to be a safe and boring investment trust.... In contrast Grainger's share price is UP 19% over the same period.....
Prs Reit share price data is direct from the London Stock Exchange
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