Half Year Results 

PRS REIT gaining traction

PRS REIT gaining traction

The PRS REIT (PRSR) started to gain traction in the six months to December 2018, with the successful deployment of £900m to create a portfolio of newly built rental homes. The business model differs from other residential landlords in that the focus is on building and renting out family homes as opposed to apartments. This has several advantages in that family homes tend to be better looked after, while the tenants tend to stay put, which cuts down the possibility of lost income through voids.

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