18th Jun 2020 16:06
PRS REIT PLC - Manchester-based real estate investment trust - Portfolio of new family rental homes has performed resiliently during recent months. Rent collection has been resilient in the two months since the lockdown, with 97% collection rate in May. Construction activity, which was suspended with the national lockdown in March, has now restarted. Long-term prospects are undiminished. Declares 1.0 pence per share dividend for the third quarter to March 31. Targets a total dividend of 4.0 pence per ordinary share for the year ending June 30.
Current stock price: 73.48 pence
Year-to-date change: down 20%
By Tapan Panchal; [email protected]
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