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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
|
|
|---|---|---|---|---|---|
| 1.20 | 1.55% | 78.50 | 426,212 | 16:35:15 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 78.60 | 78.90 | 78.90 | 77.40 | 77.40 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Real Estate Investment Trust | 51.35M | 42.45M | 0.0773 | 10.17 | 424.57M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 16:35:21 | O | 32,633 | 78.50 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 18/7/2024 | 07:00 | UK RNS | PRS REIT PLC (The) Q4 Update |
| 09/7/2024 | 15:07 | UK RNS | PRS REIT PLC (The) TR-1 Notification |
| 09/7/2024 | 07:00 | UK RNS | PRS REIT PLC (The) Investment Advisory & Development Mgnt Agreements |
| 26/6/2024 | 12:37 | UK RNS | PRS REIT PLC (The) Director Share Purchase |
| 03/6/2024 | 16:14 | UK RNS | PRS REIT PLC (The) Holding(s) in Company |
| 16/5/2024 | 16:09 | UK RNS | PRS REIT PLC (The) TR-1 Notification |
| 24/4/2024 | 10:00 | UK RNS | PRS REIT PLC (The) TR-1 Notification |
| 23/4/2024 | 07:00 | UK RNS | PRS REIT PLC (The) Q3 Dividend Declaration |
| 22/4/2024 | 12:19 | UK RNS | PRS REIT PLC (The) Change of Registrar |
| 20/3/2024 | 07:00 | UK RNS | PRS REIT PLC (The) Interim Results |
Prs Reit (PRSR) Share Charts1 Year Prs Reit Chart |
|
1 Month Prs Reit Chart |
Intraday Prs Reit Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 22/7/2024 | 23:11 | :::: The PRS REIT :::: | 292 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|---|---|---|---|
| 2024-07-26 15:35:27 | 78.50 | 32,633 | 25,616.91 | O |
| 2024-07-26 15:35:15 | 78.50 | 67,714 | 53,155.49 | UT |
| 2024-07-26 15:28:02 | 78.60 | 550 | 432.30 | AT |
| 2024-07-26 15:22:23 | 78.90 | 1,876 | 1,480.16 | O |
| 2024-07-26 15:19:24 | 78.90 | 917 | 723.51 | AT |
| Top Posts |
|---|
Posted at 27/7/2024 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 77.30p.Prs Reit currently has 549,251,458 shares in issue. The market capitalisation of Prs Reit is £431,711,646. Prs Reit has a price to earnings ratio (PE ratio) of 10.17. This morning PRSR shares opened at 77.40p |
Posted at 19/7/2024 14:32 by arbus5000 if PRSR and other reits are allowed to re-invest all their cash, expect precipitous drops in their share prices due to dividend cuts.PRS was able to raise capital via share and debt issuance, and picked up c5,000 houses no where near the top of the market. According to its recent RNS, it has a low LTV, with fixed rates at a low level - so it financed at a great time. It bogles the mind though, how the investment case for PRS has any relevevance in the judgement of the viability of the REIT regime. I suggest you keep your opinions on a dedicated thread. RGL has done well, thanks - it just depends when and where you invested ! |
Posted at 19/7/2024 11:06 by pdosullivan If PRSR was trading at 1x NAV then the dividend yield would be only 3.25pc. You can do a lot better than that sticking your money on deposit. So I don't see 1x NAV as achievable in the short term. This circles back to the comment about the UK REIT regime. If PRSR was investing its cash building homes instead of distributing it would probably deliver more shareholder value over the cycle |
Posted at 19/7/2024 10:26 by spectoacc Ah bless @arbus5000 (AKA Johnwig?) - how's your RGL been?@giltedge1 - all the reasoning is in many posts above. But agree everything has its price, & good luck. Your examples - I could give 10 counter-examples - all nearer to businesses than REITs. SGRO's a major developer; LMP a trader/acquirer (CTPT & LXI just recently); SAFE almost a full-on trading business, ie self-storage. But yes - there's a few exceptions. It's not so much "..Bad mgt.." as the way the REIT regime is set up. As well as totally disproportionate costs to income. Mentioning LXI - they were charging something like £14m pa on a £1.5bn portfolio, fine, right? Only the net income was nearer £40m - so that was really £14m on £40m. |
Posted at 18/7/2024 13:26 by arbus5000 i like PRSR but:- have been waiting for ages for a hike to the dividend! - current dividend is 5%, but can get 8%+ in the reit sector - Due to high occupancy, cannot easily raise rents to realise ERV - potential for further capital raising to fund expansion. |
Posted at 09/7/2024 12:30 by davebowler Panmure Liberum -New terms for investment advisory and development management Analyst: Shonil Chande Mkt Cap £426m | Share price 77.5p | Prem/(disc) -37.3% | Div yield 5.2% Event PRS REIT has extended its investment advisory and development management agreements with Sigma PRS Management. Effective from 1 July 2024, these agreements have revised fee structures and have been extended to 30 June 2029. Key changes in agreements Investment Adviser Fees: Adjusted fees now range from 0.30% to 0.90% based on the Adjusted Net Asset Value tiers, promising cost savings for PRS REIT. Development Management Fees: Reduced to 3% on land and 3.5% on construction, payable monthly with a portion used for ordinary shares. Cost Savings: Expected annual savings of approximately £0.4m. |
Posted at 05/6/2024 17:31 by pj fozzie Here's a link to the same story - not behind a paywall:hxxps://btrnews.co.u Although I'm not too sure of the relevance to PRSR. Cheers, PJ |
Posted at 31/5/2024 09:13 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 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 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 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 |
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