PRSR has seen positive +5% lfl rental growth yoy, including impressive relet performance (+10% lfl) which is driving the overall rental income base. Occupancy remains full and bad debts low. The portfolio now comprises >4,800 units with nearly £50m income. The remaining development activity has slowed given the macro picture and interest costs are ticking higher. Both of these impacts are mitigated by expectations of continuing rental growth supported by growing demand for PRS as a substitute fo ....
11 Oct 2022
Finals: strong rental growth drives valuation forward
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Finals: strong rental growth drives valuation forward
PRS REIT Plc (PRSR:LON) | 77.1 -0.1 (-0.1%) | Mkt Cap: 423.5m
- Published:
11 Oct 2022 -
Author:
Andrew Watson -
Pages:
3
PRSR has seen positive +5% lfl rental growth yoy, including impressive relet performance (+10% lfl) which is driving the overall rental income base. Occupancy remains full and bad debts low. The portfolio now comprises >4,800 units with nearly £50m income. The remaining development activity has slowed given the macro picture and interest costs are ticking higher. Both of these impacts are mitigated by expectations of continuing rental growth supported by growing demand for PRS as a substitute fo ....