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IN BRIEF: PRS REIT considers fundraise after identifying pipeline

21st Sep 2021 06:56

PRS REIT PLC - developer and investor in family homes - Number of homes in portfolio increases to 4,227 on August 31, from 3,984 on June 30, when PRS's financial year ended. Demand is high, with a rent collection rate in July and August of 98%. Identifies pipeline of six additional sites with the potential for 670 new homes. "The board is exploring the most appropriate way of raising additional capital to fund the six sites identified."

Net asset value per share on June 30 was 99.0 pence, up 3.0% from 96.1p on December 31.

Current stock price: 110.00 pence

Year-to-date change: up 43%

By Ivan Edwards; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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Prs Reit
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