The PRS REIT plc (PRSR.L) LSE

105.26

+1.464(+1.41%)

Updated at August 19 08:43AM

Currency In GBp

The PRS REIT plc

Address

1 St. Ann Street

Manchester, M2 7LR

United Kingdom of Great Britain and Northern Ireland

Phone

44 333 999 9926

Sector

Real Estate

Industry

REIT - Residential

Employees

0

First IPO Date

May 31, 2017

Key Executives

NameTitlePayYear Born
Mr. Graham Fleming BarnetFounder & Chief Executive Officer01963
Mr. Jason BerryRegional Managing Director0N/A
Mr. Michael Scott McGill C.A., LL.B.Group Chief Financial Officer01968
Mr. Mike ScottCorporate Development Director & Group Legal Counsel01973

Description

The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector (PRS) and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing over GBP 1bn in a portfolio of high quality homes for private rental across the regions, having raised a total of GBP 0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government's Homes England has supported the Company with direct investments. In March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange's premium segment of the Main Market. The Company has over 4,500 new rental homes in its portfolio, which the Company believes is the largest build-to-rent single family rental portfolio in the UK.