Professional
Added to YB: 2024-10-11
Pitch date: 2024-09-30
PRSR.L [bullish]
The PRS REIT plc
+15.88%
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 0.98
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
Marlton Partners Fund New Position: PRS REIT Ord
PRSR.L: UK single-family REIT, 5000+ homes. 3% vacancy, 99% collections, 23% rent/income. Past issues: construction delays, unsustainable fair value gains, uncovered dividends, high-cost debt. Activist Harwood Capital spurred board changes. New leadership to review strategy: asset sales, debt reduction, buybacks. FTSE 250 inclusion boosts demand.
Read full article (2 min)