PRS REIT
Market Cap
UK£428.4m
Last Updated
2021/03/03 18:41 UTC
Data Sources
Company Financials +
Executive Summary
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential for capital and income growth. More Details
Rewards
Risk Analysis
Snowflake Analysis
High growth potential second-rate dividend payer.
Share Price & News
How has PRS REIT's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: PRSR is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: PRSR's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-1.7%
PRSR
-0.7%
GB REITs
-0.2%
GB Market
1 Year Return
3.0%
PRSR
-41.2%
GB REITs
1.1%
GB Market
Return vs Industry: PRSR exceeded the UK REITs industry which returned -41.2% over the past year.
Return vs Market: PRSR exceeded the UK Market which returned 1.1% over the past year.
Shareholder returns
| PRSR | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.7% | -0.7% | -0.2% |
| 30 Day | 1.8% | 3.0% | 3.6% |
| 90 Day | 10.6% | 2.8% | 4.2% |
| 1 Year | 8.4%3.0% | -9.8%-41.2% | 7.0%1.1% |
| 3 Year | -0.5%-15.2% | 0.6%-1.0% | 10.6%-2.7% |
| 5 Year | n/a | 10.1%3.5% | 40.5%13.4% |
Long-Term Price Volatility Vs. Market
How volatile is PRS REIT's share price compared to the market and industry in the last 5 years?
Simply Wall St News
4 months ago | Simply Wall St
Analyst Forecasts Just Became More Bearish On The PRS REIT plc (LON:PRSR)1 year ago | Simply Wall St
Are Dividend Investors Getting More Than They Bargained For With The PRS REIT plc's (LON:PRSR) Dividend?1 year ago | Simply Wall St
Should You Be Worried About The PRS REIT plc's (LON:PRSR) 2.1% Return On Equity?Valuation
Is PRS REIT undervalued compared to its fair value and its price relative to the market?
26.11x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: PRSR (£0.87) is trading above our estimate of fair value (£0.54)
Significantly Below Fair Value: PRSR is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: PRSR is poor value based on its PE Ratio (26.1x) compared to the GB REITs industry average (18x).
PE vs Market: PRSR is poor value based on its PE Ratio (26.1x) compared to the UK market (24.3x).
Price to Earnings Growth Ratio
PEG Ratio: PRSR is good value based on its PEG Ratio (0.8x)
Price to Book Ratio
PB vs Industry: PRSR's PB Ratio (0.9x) is in line with the GB REITs industry average.
Next Steps
Future Growth
How is PRS REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
31.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PRSR's forecast earnings growth (31.9% per year) is above the savings rate (1%).
Earnings vs Market: PRSR's earnings (31.9% per year) are forecast to grow faster than the UK market (22.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: PRSR's revenue (30.4% per year) is forecast to grow faster than the UK market (7.3% per year).
High Growth Revenue: PRSR's revenue (30.4% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PRSR's Return on Equity is forecast to be low in 3 years time (4%).
Next Steps
Past Performance
How has PRS REIT performed over the past 5 years?
12.5%
Last years earnings growth
Earnings and Revenue History
Quality Earnings: PRSR has a large one-off gain of £15.8M impacting its June 30 2020 financial results.
Growing Profit Margin: PRSR's current net profit margins are lower than last year .
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if PRSR's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Insufficient data to compare PRSR's past year earnings growth to its 5-year average.
Earnings vs Industry: PRSR earnings growth over the past year (12.5%) exceeded the REITs industry -4.2%.
Return on Equity
High ROE: PRSR's Return on Equity (3.5%) is considered low.
Next Steps
Financial Health
How is PRS REIT's financial position?
Financial Position Analysis
Short Term Liabilities: PRSR's short term assets (£63.0M) exceed its short term liabilities (£19.3M).
Long Term Liabilities: PRSR's short term assets (£63.0M) do not cover its long term liabilities (£149.8M).
Debt to Equity History and Analysis
Debt Level: PRSR's debt to equity ratio (30.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if PRSR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PRSR's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: PRSR's interest payments on its debt are not well covered by EBIT (1.2x coverage).
Balance Sheet
Next Steps
Dividend
What is PRS REIT current dividend yield, its reliability and sustainability?
4.62%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRSR's dividend (4.62%) is higher than the bottom 25% of dividend payers in the UK market (1.47%).
High Dividend: PRSR's dividend (4.62%) is in the top 25% of dividend payers in the UK market (4.48%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, PRSR has been paying a dividend for less than 10 years.
Growing Dividend: PRSR has only been paying a dividend for 3 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: PRSR is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: PRSR's dividends in 3 years are forecast to be covered by earnings (96% payout ratio).
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Management
How experienced are the management team and are they aligned to shareholders interests?
3.9yrs
Average board tenure
CEO
Graham Barnet (57 yo)
no data
Tenure
Graham Barnet is an Architect of the Sigma PRS model and co-founded and created Winchburgh development. Qualified corporate lawyer with significant merchant banking experience in Noble Grossart Limited and...
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Non-Executive Director | 3.92yrs | UK£35.00k | 0.020% £ 86.5k | |
| Independent Non-Executive Director | 3.92yrs | UK£30.00k | 0.012% £ 51.9k | |
| Independent Non Executive Director | 1.83yrs | UK£30.00k | 0.0044% £ 19.0k | |
| Independent Non-Executive Chairman | 3.92yrs | UK£45.00k | 0.016% £ 69.2k |
3.9yrs
Average Tenure
64.5yo
Average Age
Experienced Board: PRSR's board of directors are considered experienced (3.9 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
The PRS REIT plc's company bio, employee growth, exchange listings and data sources
Key Information
- Name: The PRS REIT plc
- Ticker: PRSR
- Exchange: LSE
- Founded: NaN
- Industry: Residential REITs
- Sector: Real Estate
- Market Cap: UK£428.415m
- Shares outstanding: 495.28m
- Website: https://www.theprsreit.com
Location
- The PRS REIT plc
- 1 St. Ann Street
- Floor 3
- Manchester
- Greater Manchester
- M2 7LR
- United Kingdom
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| PRSR | LSE (London Stock Exchange) | Yes | Ordinary Shares | GB | GBP | May 2017 |
| PRSRL | BATS-CHIXE (BATS 'Chi-X Europe') | Yes | Ordinary Shares | GB | GBP | May 2017 |
Biography
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector and to provide shareholders with an attractive level of income together with the potential...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/03/03 18:41 |
| End of Day Share Price | 2021/03/03 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2020/06/30 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.