LONDON (ShareCast) - (Sharecast News) - Real estate investment trust PRS REIT said on Monday that both home completions and estimated rental value had grown in the three months ended 30 June.
PRS said its portfolio was fully completed and amounted to a total of 5,478 rental homes as of 30 June, with an estimated rental value of £72.0m per annum, up from 5,396 and £65.1m, respectively.

The FTSE 250-listed outfit stated its portfolio's performance "remains very strong", with rent collection in the period coming to 99% and physical occupancy at 96%, with 5,242 of the 5,478 completed homes occupied. PRS noted that a further 89 homes were reserved for applicants who had passed referencing and paid rental deposits but had not yet moved in. Including this cohort, occupancy at 30 June was 97%.

Like-for-like rental growth on stabilised sites was 9.6%, down from 11.7% a year earlier. Affordability was also said to have continued to be favourable at roughly 24%.

"The board expects to declare an interim quarterly dividend in respect of the fourth quarter of the financial year ended 30 June 2025 in early August 2025," added PRS.

As of 0845 BST, PRS shares were up 0.21% at 107.22p.







Reporting by Iain Gilbert at Sharecast.com

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