PRSR added 427 completed homes to the portfolio in Q3, which now stands at 3,590 homes; reconfirming the positive update (19th March) provided at the Interims. In addition, contracted homes (1,536) supports full deployment on track for early cal’22, and a demand pipeline indicative of sustained demand. Rent collection remains strong. We make no change to our estimates – with this update in line with our assumptions. We see a sustained return profile from PRSR on rental growth driving capital val ....
13 Apr 2021
Q3: +427 new homes, remains on track
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Q3: +427 new homes, remains on track
PRS REIT Plc (PRSR:LON) | 79.2 0.2 0.4% | Mkt Cap: 434.7m
- Published:
13 Apr 2021 -
Author:
Andrew Watson -
Pages:
3
PRSR added 427 completed homes to the portfolio in Q3, which now stands at 3,590 homes; reconfirming the positive update (19th March) provided at the Interims. In addition, contracted homes (1,536) supports full deployment on track for early cal’22, and a demand pipeline indicative of sustained demand. Rent collection remains strong. We make no change to our estimates – with this update in line with our assumptions. We see a sustained return profile from PRSR on rental growth driving capital val ....