PRSR has seen modest NAV growth in H1, with continued strong rental growth partially offset by some softening yields. There has been no deterioration in the fundamental demand or rent roll quality across the portfolio (aided by very attractive affordability), however, the independent valuer is taking a more cautious view. Whilst we do not assume shifting yields, rental growth is better than expected so we leave forecasts unchanged. We continue to see positive long term demand dynamics underpinni ....
07 Feb 2023
NAV ticks up, rental growth/performance still strong
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NAV ticks up, rental growth/performance still strong
PRS REIT Plc (PRSR:LON) | 77.1 -0.1 (-0.1%) | Mkt Cap: 423.5m
- Published:
07 Feb 2023 -
Author:
Andrew Watson -
Pages:
3
PRSR has seen modest NAV growth in H1, with continued strong rental growth partially offset by some softening yields. There has been no deterioration in the fundamental demand or rent roll quality across the portfolio (aided by very attractive affordability), however, the independent valuer is taking a more cautious view. Whilst we do not assume shifting yields, rental growth is better than expected so we leave forecasts unchanged. We continue to see positive long term demand dynamics underpinni ....