PRS REIT
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PRS REIT profit leaps as home completions rocket
Private rented specialist reports strong progress on housing delivery in six months to 31 December
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PRS REIT sees home completions leap
Portfolio grows by a fifth over final quarter of 2020, with boost from BlackRock deal
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Revenue and profit jump at PRS REIT
Company enters fourth year in operation with a 2,600-plus portfolio of homes
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PRS REIT buys £5.9m Birmingham scheme
PRS REIT has bought a 31-home scheme in Birmingham from Sigma Capital Group
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Barclays gives PRS REIT £50m boost
REIT now has £450m in debt facilities across lenders
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Construction slows at PRS REIT
At 30 June, the company’s portfolio of completed homes stood at 2,082, up from 1,173 a year earlier
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PRS REIT targets £48m in rental value
PRS REIT had almost 3,300 homes under development at the end of its second quarter
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PRS REIT home completions rocket
Completions mark a 129% increase on the same period last year
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PRS REIT on track to own 5,400 homes
Government-backed REIT reports 1,289 home completions in latest trading update.
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PRS REIT profits surge
REIT reports pretax profit of £7.5m in half-year results, compared to £500,000 the previous year.
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PRS REIT achieves £900m development target
The funds will equate to 5,600 new rental homes
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PRS REIT picks up £107.7m in new sites
PRS will carry out nine developments for residential sites