In a short update, The PRS REIT (“PRSR”) has reported that the EPRA NAV has ticked up to 96.1p at H1’21 (FY20 95.1p), after having paid out 3.0p in dividends. A 1.0p Q2 dividend has been declared, in line with the 4.0p minimum target for FY21e. We make no change to our estimates. We see a key inflection point approaching: by the end of cal’21 the majority of homes will have been completed (5,000, out of 5,200 in total) providing a strong underpinning to rental income on a run rate basis. This st ....
10 Feb 2021
EPRA NAV up to 96.1p, 1.0p Q2 dividend declared
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EPRA NAV up to 96.1p, 1.0p Q2 dividend declared
PRS REIT Plc (PRSR:LON) | 77.1 -0.1 (-0.1%) | Mkt Cap: 423.5m
- Published:
10 Feb 2021 -
Author:
Andrew Watson -
Pages:
3
In a short update, The PRS REIT (“PRSR”) has reported that the EPRA NAV has ticked up to 96.1p at H1’21 (FY20 95.1p), after having paid out 3.0p in dividends. A 1.0p Q2 dividend has been declared, in line with the 4.0p minimum target for FY21e. We make no change to our estimates. We see a key inflection point approaching: by the end of cal’21 the majority of homes will have been completed (5,000, out of 5,200 in total) providing a strong underpinning to rental income on a run rate basis. This st ....