Added to YB: 2025-09-23
Pitch date: 2025-09-19
PRSR.L [neutral]
The PRS REIT plc
+2.6%
current return
Author Info
No bio for this author
Company Info
The PRS REIT plc is a 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.
Market Cap
GBP 622.9M
Pitch Price
GBP 1.11
Price Target
N/A
Dividend
3.88%
EV/EBITDA
N/A
P/E
8.09
EV/Sales
15.48
Sector
Residential REITs
Category
special_situation
Theodosian Capital | PRSR – Proposed takeover
PRSR.L (update): Waypoint takeover at 115p/share (£633M net) vs ~140p NAV, includes 1.1p Q1 dividend. Author bought at 80p avg for 4p DPS (5% yield, now 5.5% at 4.4p), views 44% gain as acceptable despite discount to NAV. Sale expected end-Nov pending approvals.
Read full article (2 min)