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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
- LocationPRS REITFl 3, 1 St. Ann StreetMANCHESTER M2 7LRUnited KingdomGBR
- Websitehttps://www.theprsreit.com/
Profile
| Management group(s) | Sigma PRS Managment Limited |
|---|---|
| AIC sector | Property - UK Residential |
| ISIN | GB00BF01NH51 |
| Launch date | 31 May 2017 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
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
| Holder | Shares | % Held |
|---|---|---|
| Invesco Asset Management Ltd.as of 06 Nov 2024 | 71.36m | 12.99% |
| Aviva Investors Global Services Ltd.as of 11 Nov 2024 | 39.13m | 7.13% |
| BlackRock Investment Management (UK) Ltd.as of 13 Nov 2024 | 34.80m | 6.34% |
| Waverton Investment Management Ltd.as of 23 Oct 2024 | 34.78m | 6.33% |
| Jarvis Investment Management Ltd.as of 01 Nov 2024 | 32.47m | 5.91% |
| Liontrust Investment Partners LLPas of 08 Nov 2024 | 19.52m | 3.56% |
| CCLA Investment Management Ltd.as of 23 Oct 2024 | 19.51m | 3.55% |
| Alder Investment Management Ltd.as of 30 Oct 2024 | 18.70m | 3.41% |
| AXA Investment Managers UK Ltd.as of 12 Nov 2024 | 18.06m | 3.29% |
| CG Asset Management Ltd.as of 24 Oct 2024 | 15.35m | 2.79% |
