XLONPRSR
Market cap740mUSD
Dec 24, Last price
107.60GBP
1D
0.19%
1Q
3.66%
IPO
1.27%
Name
PRS Reit PLC
Chart & Performance
P/E
630.90
P/S
1,011.54
EPS
0.17
Div Yield, %
0.04%
Shrs. gr., 5y
2.09%
Rev. gr., 5y
29.49%
Revenues
58m
+13.78%
Net income
94m
+120.66%
CFO
35m
+98.71%
Dividend
Aug 08, 20241 GBP/sh
Earnings
Mar 18, 2025
Profile
The PRS REIT plc is a closed-ended real estate investment trust established to invest in the Private Rented Sector ("PRS") and to provide shareholders with an attractive level of income together with the potential for capital and income growth. The Company is investing over GBP 1bn in a portfolio of high quality homes for private rental across the regions, having raised a total of GBP 0.56bn (gross) through its Initial Public Offering, on 31 May 2017 and subsequent fundraisings in February 2018 and September 2021. The UK Government's Homes England has supported the Company with direct investments. In March 2021, the Company transferred its entire issued share capital to the premium listing segment of the Official List of the FCA and to the London Stock Exchange's premium segment of the Main Market. The Company has over 4,500 new rental homes in its portfolio, which the Company believes is the largest build-to-rent single family rental portfolio in the UK.
Valuation
Title GBP in thousands, except ratios and share amounts | FY | FY | FY | FY | FY | FY | FY |
|---|---|---|---|---|---|---|---|
| 2024‑06 | 2023‑06 | 2022‑06 | 2021‑06 | 2020‑06 | 2019‑06 | 2018‑06 | |
| Income | |||||||
Revenues | 58,425 13.78% | 51,347 21.01% | 42,433 59.31% | ||||
Cost of revenue | 19,513 | 23,607 | 20,304 | ||||
Unusual Expense (Income) | |||||||
NOPBT | 38,912 | 27,740 | 22,129 | ||||
NOPBT Margin | 66.60% | 54.02% | 52.15% | ||||
Operating Taxes | 33,528 | 27,287 | |||||
Tax Rate | 120.87% | 123.31% | |||||
NOPAT | 38,912 | (5,788) | (5,158) | ||||
Net income | 93,675 120.66% | 42,452 -63.37% | 115,889 162.71% | ||||
Dividends | (21,970) | (21,970) | (21,430) | ||||
Dividend yield | 5.33% | 4.98% | 3.79% | ||||
Proceeds from repurchase of equity | 21,199 | ||||||
BB yield | -3.75% | ||||||
| Debt | |||||||
Debt current | 126,745 | 99,973 | |||||
Long-term debt | 248,440 | 246,687 | |||||
Deferred revenue | 2,081 | 2,243 | |||||
Other long-term liabilities | 18,010 | 29,742 | |||||
Net debt | (18,053) | 361,987 | 297,978 | ||||
| Cash flow | |||||||
Cash from operating activities | 35,175 | 17,702 | 21,401 | ||||
CAPEX | |||||||
Cash from investing activities | (31,184) | (57,713) | (81,822) | ||||
Cash from financing activities | 676 | 4,527 | 22,689 | ||||
FCF | 1,174,118 | (143,303) | (214,053) | ||||
| Balance | |||||||
Cash | 18,053 | 13,198 | 48,682 | ||||
Long term investments | |||||||
Excess cash | 15,132 | 10,631 | 46,560 | ||||
Stockholders' equity | 432,451 | 360,746 | 340,264 | ||||
Invested Capital | 1,149,561 | 1,178,128 | 1,087,766 | ||||
ROIC | 3.34% | ||||||
ROCE | 3.34% | 2.37% | 2.01% | ||||
| EV | |||||||
Common stock shares outstanding | 549,251 | 549,251 | 535,203 | ||||
Price | 0.75 -6.59% | 0.80 -23.86% | 1.06 3.53% | ||||
Market cap | 412,488 -6.59% | 441,598 -21.87% | 565,175 11.88% | ||||
EV | 394,435 | 803,585 | 863,153 | ||||
EBITDA | 38,912 | 27,740 | 22,129 | ||||
EV/EBITDA | 10.14 | 28.97 | 39.01 | ||||
Interest | 15,408 | 16,478 | 11,129 | ||||
Interest/NOPBT | 39.60% | 59.40% | 50.29% | ||||