PRS REIT Pleased As Third Quarter Development Numbers Increase

LONDON (Alliance News) - PRS REIT PLC on Monday said it has made good progress during the third ...

Alliance News 15 April, 2019 | 2:55PM
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LONDON (Alliance News) - PRS REIT PLC on Monday said it has made good progress during the third quarter of its financial year, with developments increasing.

As of March 31, PRS had 49 completed and contracted sites, from 43 at the end of December, with a gross development cost of GBP603.0 million from GBP530.0 million.

Three of the six new sites taken on during the quarter are in the north-west of England, two in Suffolk, and one in Bedfordshire, and the six combined when completed will bring in GBP4.2 million of rent a year.

Shares were marginally higher on Monday afternoon at a price of 99.53 pence each.

By George Collard; georgecollard@alliancenews.com

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Securities Mentioned in Article
Security Name Price Change (%) Morningstar Rating
PRS REIT Ord 91.00 GBX -2.15 -
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