At Q223, PRSR has achieved +5.7% lfl yoy rental growth across the estate; this is a blend of inflationary renewals and catching up with market rent on new lets. The demand for PRS homes has been sustained, with rental collection and occupancy still strong, despite cost of living pressures. Delivery of new homes continues although at a slower pace given fewer sites and a development tail. We do not change forecasts at this stage, although we are encouraged by the rental growth performance. PRS pr ....
11 Jan 2023
Strong rental growth continues, sustained demand
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong rental growth continues, sustained demand
PRS REIT Plc (PRSR:LON) | 77.1 -0.1 (-0.1%) | Mkt Cap: 423.5m
- Published:
11 Jan 2023 -
Author:
Andrew Watson -
Pages:
3
At Q223, PRSR has achieved +5.7% lfl yoy rental growth across the estate; this is a blend of inflationary renewals and catching up with market rent on new lets. The demand for PRS homes has been sustained, with rental collection and occupancy still strong, despite cost of living pressures. Delivery of new homes continues although at a slower pace given fewer sites and a development tail. We do not change forecasts at this stage, although we are encouraged by the rental growth performance. PRS pr ....