PRSR Stock Overview
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.
Price History & Performance
|Historical stock prices|
|Current Share Price||UK£1.08|
|52 Week High||UK£1.12|
|52 Week Low||UK£0.84|
|1 Month Change||0.46%|
|3 Month Change||6.93%|
|1 Year Change||27.06%|
|3 Year Change||11.57%|
|5 Year Change||n/a|
|Change since IPO||2.25%|
Recent News & Updates
|PRSR||GB REITs||GB Market|
Return vs Industry: PRSR exceeded the UK REITs industry which returned 21.7% over the past year.
Return vs Market: PRSR exceeded the UK Market which returned 8.7% over the past year.
|PRSR Average Weekly Movement||2.4%|
|REITs Industry Average Movement||2.6%|
|Market Average Movement||5.0%|
|10% most volatile stocks in GB Market||10.5%|
|10% least volatile stocks in GB Market||2.4%|
Stable Share Price: PRSR is less volatile than 75% of UK stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: PRSR's weekly volatility (2%) has been stable over the past year.
About the Company
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. The Company is investing £0.9bn in a portfolio of high quality homes for private rental across the regions, having raised a total of £500m (gross) through its Initial Public Offering, on 31 May 2017, and a subsequent placing in February 2018. Both fundraisings were supported by the UK Government's Homes England with direct investments.
PRS REIT Fundamentals Summary
|PRSR fundamental statistics|
Is PRSR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|PRSR income statement (TTM)|
|Cost of Revenue||UK£5.19m|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||0.08|
|Net Profit Margin||165.61%|
How did PRSR perform over the long term?See historical performance and comparison
3.7%Current Dividend Yield
Is PRS REIT undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: PRSR (£1.08) is trading below our estimate of fair value (£1.27)
Significantly Below Fair Value: PRSR is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: PRSR is poor value based on its PE Ratio (13.4x) compared to the UK REITs industry average (13.1x).
PE vs Market: PRSR is good value based on its PE Ratio (13.4x) compared to the UK market (19.5x).
Price to Earnings Growth Ratio
PEG Ratio: PRSR is poor value based on its PEG Ratio (2.6x)
Price to Book Ratio
PB vs Industry: PRSR is overvalued based on its PB Ratio (1.2x) compared to the GB REITs industry average (0.9x).
How is PRS REIT forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PRSR's forecast earnings growth (5.2% per year) is above the savings rate (0.9%).
Earnings vs Market: PRSR's earnings (5.2% per year) are forecast to grow slower than the UK market (12.1% per year).
High Growth Earnings: PRSR's earnings are forecast to grow, but not significantly.
Revenue vs Market: PRSR's revenue (17% per year) is forecast to grow faster than the UK market (4.9% per year).
High Growth Revenue: PRSR's revenue (17% per year) is forecast to grow slower 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 (3.8%).
How has PRS REIT performed over the past 5 years?
Last years earnings growth
Earnings and Revenue History
Quality Earnings: PRSR has a large one-off gain of £38.2M impacting its June 30 2021 financial results.
Growing Profit Margin: PRSR's current net profit margins are higher 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 (168.9%) exceeded the REITs industry 150.1%.
Return on Equity
High ROE: PRSR's Return on Equity (9%) is considered low.
How is PRS REIT's financial position?
Financial Position Analysis
Short Term Liabilities: PRSR's short term assets (£93.0M) do not cover its short term liabilities (£132.5M).
Long Term Liabilities: PRSR's short term assets (£93.0M) do not cover its long term liabilities (£250.6M).
Debt to Equity History and Analysis
Debt Level: PRSR's net debt to equity ratio (54.8%) is considered high.
Reducing Debt: Insufficient data to determine if PRSR's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: PRSR's debt is not well covered by operating cash flow (4.6%).
Interest Coverage: PRSR's interest payments on its debt are not well covered by EBIT (1.6x coverage).
What is PRS REIT current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: PRSR's dividend (3.7%) is higher than the bottom 25% of dividend payers in the UK market (1.39%).
High Dividend: PRSR's dividend (3.7%) is low compared to the top 25% of dividend payers in the UK market (4.05%).
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 4 years, and since then payments have fallen.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (152.8%), PRSR's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: PRSR's dividends in 3 years are forecast to be covered by earnings (98.4% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Graham Barnet (58 yo)
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...
Experienced Board: PRSR's board of directors are considered experienced (4.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: PRSR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.9%.
The PRS REIT plc's employee growth, exchange listings and data sources
- Name: The PRS REIT plc
- Ticker: PRSR
- Exchange: LSE
- Founded: NaN
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: UK£584.953m
- Shares outstanding: 549.25m
- Website: https://www.theprsreit.com
- The PRS REIT plc
- 1 St. Ann Street
- Floor 3
- Greater Manchester
- M2 7LR
- United Kingdom
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/01/17 18:58|
|End of Day Share Price||2022/01/17 00:00|
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.