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About the company
The PRS REIT plc is a United Kingdom-based real estate investment trust that focuses on the private rented sector (PRS). The Company’s investment objective is to provide investors with an attractive level of income, and 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 United Kingdom for the PRS. The Company’s portfolio of homes is targeted at the family market. The Company invests in multiple sites across the United Kingdom, targeting the employment centers in England, predominantly in the Midlands and North, and outside London. It also invests in low-rise flats in locations to broaden the rental offering. The Company is creating a portfolio of newly built, rental homes across the main conurbations of England, outside London. The Company has approximately 5010 completed homes and over 516 contracted homes. The Company's investment adviser is Sigma PRS Management Ltd.
- Revenue in GBP (TTM)53.68m
- Net income in GBP58.02m
- 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 |
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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 |
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Management & contract fees
Investment Adviser fee (payable monthly in arrears) calculated at the rate of: (i) 1% p.a. of the adjusted NAV up to, and including, GBP 250m; (ii) 0.90% in excess of GBP 250m and up to and including GBP 500m; (iii) 0.75% in excess of GBP 500m and up to and including GBP 1bn; (iv) 0.50% in excess of GBP 1bn and up to and including GBP 2bn; (v) 0.40% in excess of GBP 2bn.
Peer analysis
Company | Revenue (TTM) | Net income (TTM) |
---|---|---|
Newriver Reit PLC | 69.90m | -23.50m |
Triple Point Social Housing REIT PLC | 39.84m | 34.99m |
Property Franchise Group PLC | 27.28m | 7.40m |
Helical PLC | 45.61m | -174.84m |
Home Reit PLC | 26.20m | 47.80m |
Custodian Property Income Reit PLC | 44.68m | -54.40m |
CLS Holdings plc | 148.70m | -249.80m |
Picton Property Income Ltd | 53.49m | -80.52m |
Mountview Estates P.L.C. | 75.64m | 26.63m |
PRS Reit PLC | 53.68m | 58.02m |
Harworth Group PLC | 72.43m | 37.96m |
Target Healthcare REIT PLC | 67.77m | 58.37m |
Dar Global PLC | 287.84m | 66.44m |
Globalworth Real Estate Investments Ltd | 205.58m | -46.30m |
Empiric Student Property PLC | 80.50m | 53.40m |
Balanced Commercial Property Trust Ltd | 59.23m | -26.07m |
Institutional shareholders
Holder | Shares | % Held |
---|---|---|
Invesco Asset Management Ltd.as of 23 Apr 2024 | 71.00m | 12.93% |
Waverton Investment Management Ltd.as of 04 Jan 2024 | 34.06m | 6.20% |
Jarvis Investment Management Ltd.as of 02 Nov 2023 | 32.88m | 5.99% |
Liontrust Investment Partners LLPas of 08 Nov 2023 | 27.44m | 5.00% |
AXA Investment Managers UK Ltd.as of 30 Jun 2023 | 26.92m | 4.90% |
CCLA Investment Management Ltd.as of 30 Jun 2023 | 25.83m | 4.70% |
Alder Investment Management Ltd.as of 28 Mar 2024 | 17.35m | 3.16% |
Janus Henderson Investors UK Ltd.as of 30 Jun 2023 | 15.10m | 2.75% |
CG Asset Management Ltd.as of 02 Nov 2023 | 15.07m | 2.74% |
West Yorkshire Pension Fundas of 31 Mar 2023 | 14.09m | 2.57% |