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Investment Trusts

PRS REIT

PRSR:LSE

PRS REIT

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  • Price (GBX)105.80
  • Today's Change-0.40 / -0.38%
  • Shares traded1.07m
  • 1 Year change+46.54%
  • Beta0.6853
Data delayed at least 15 minutes, as of Oct 31 2024 16:35 BST.
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About the company

The PRS REIT plc is a United Kingdom-based closed-ended real estate investment trust established to invest in the private rented sector (PRS) and to provide shareholders with an attractive level of income together with the potential for capital and income growth. It utilizes the Investment Adviser's PRS property delivery and management platform (the Sigma PRS Platform). The Company’s portfolio of homes is targeted at the family market, which is the largest segment within the PRS. The Company has concentrated on traditional housing, with broad appeal across the demand spectrum, and its portfolio comprises differing house types, built to standardized specifications. They cater for different life stages, including smaller houses for young couples and retirees, and larger houses for growing families. The Company has also invested in some low-rise flats in appropriate locations to broaden its rental offering. The Company's Investment Adviser is Sigma PRS Management Ltd.

  • Revenue in GBP (TTM)58.23m
  • Net income in GBP93.68m
  • Incorporated2017
  • Employees0.00
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Profile

Management group(s)Sigma PRS Managment Limited
AIC sectorProperty - UK Residential
ISINGB00BF01NH51
Launch date31 May 2017
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Fund is seeking to provide investors with an attractive level of income, together with the prospect of income and capital growth, through the establishment of a portfolio of newly-constructed residential rental homes in or near towns and cities in the UK for the private rented sector.The Company's portfolio of homes is targeted at the family market, which is the largest and growing segment within the private rented sector. The Company has targeted sites in the largest employment centres in England (outside London), predominantly in the Midlands and the North of England.

Managed by

Not Disclosed

Management & contract fees

Investment Adviser fee (payable monthly in arrears) calculated at the rate of: (i) 0.90% p.a. of the adjusted NAV up to, and including, GBP 250m; (ii) 0.85% in excess of GBP 250m and up to and including GBP 500m; (iii) 0.70% in excess of GBP 500m and up to and including GBP 1bn; (iv) 0.40% in excess of GBP 1bn and up to and including GBP 2bn; (v) 0.30% in excess of GBP 2bn.

Institutional shareholders

56.58%Per cent of shares held by top holders
HolderShares% Held
Invesco Asset Management Ltd.as of 23 Apr 202471.00m12.93%
Aviva Investors Global Services Ltd.as of 23 Oct 202439.38m7.17%
Waverton Investment Management Ltd.as of 23 Oct 202434.78m6.33%
BlackRock Investment Management (UK) Ltd.as of 23 Oct 202433.45m6.09%
Jarvis Investment Management Ltd.as of 01 Aug 202432.59m5.93%
Liontrust Investment Partners LLPas of 08 Nov 202327.44m5.00%
CCLA Investment Management Ltd.as of 23 Oct 202419.51m3.55%
AXA Investment Managers UK Ltd.as of 23 Oct 202418.65m3.40%
Alder Investment Management Ltd.as of 30 Sep 202418.60m3.39%
CG Asset Management Ltd.as of 24 Oct 202415.35m2.79%
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Data from 30 Jun 2024 - 01 Oct 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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