
The PRS REIT plc operates as a closed-ended real estate investment trust, specializing in the Private Rented Sector (PRS). Its primary goal is to deliver attractive income to shareholders, coupled with the potential for both capital appreciation and income growth. The trust is channeling over £1 billion into a high-quality portfolio of private rental homes located across the UK regions. This substantial investment is underpinned by £0.56 billion (gross) in capital raised through its Initial Public Offering on May 31, 2017, and subsequent fundraisings in February 2018 and September 2021. The UK government's Homes England has also provided direct investment support. A notable development occurred in March 2021 when the company's entire issued share capital transitioned to the premium listing segment of the FCA's Official List and the London Stock Exchange's Main Market. With a current portfolio of over 4,500 new rental homes, The PRS REIT plc believes it manages the largest build-to-rent single-family rental portfolio in the United Kingdom.
Check out other names from the same REIT - Residential industry as PRSR.L.