PRS REIT posts maiden annual results

LSE launch PRS REIT

PRS REIT has revealed a £3.2m pre-tax profit in its maiden annual results for the 13 months since its float in May 2017.

The private rented sector specialist posted a rental income of £1.8m, and reported “significant” progress since its launch with £685m of funding deployed or committed in the period to June 30, 2018, rising to approximately £756m at September 30, 2018, which equates to around 5,100 new rental homes when completed.

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