Q3 Dividend Declaration

PRS REIT PLC (The)
23 April 2024
 

PRSR.L

The PRS REIT plc

("the PRS REIT" or "the Company")

 

Q3 Dividend Declaration

 

The PRS REIT, the closed-ended real estate investment trust that invests in high-quality, new build, family homes in the private rented sector, is pleased to declare an interim quarterly dividend of 1.0 pence per ordinary share in respect of the third quarter (January - March) of its financial year ending 30 June 2024.

 

Ninety per cent. (0.9 pence per share) of the dividend will be paid as a Property Income Distribution ("PID"), with the balance paid as an Ordinary Dividend.

 

The dividend will be payable on or around 31 May 2024 to shareholders on the register on 10 May 2024. The ex-dividend date will be 9 May 2024. 

 

For further information, please contact:

 

The PRS REIT plc
Steve Smith, Non-executive Chairman

 

Tel: 020 3178 6378
(c/o KTZ Communications)

Sigma PRS Management Ltd
Graham Barnet, Mike McGill

 

Tel: 0333 999 9926

Singer Capital Markets
James Maxwell, Asha Chotai (Investment Banking)

Alan Geeves, James Waterlow, Sam Greatrex (Sales)

 

Tel: 020 7496 3000

 

Jefferies International Limited

Gaudi Le Roux, Tom Yeadon

Harry Randall, Ollie Nott

 

Tel: 020 7029 8000

G10 Capital Limited (part of IQ-EQ)

Maria Baldwin

Tel: 0207 397 5450

 


KTZ Communications

Katie Tzouliadis, Robert Morton

Tel: 020 3178 6378

 

NOTES TO EDITORS

 

About The PRS REIT plc www.theprsreit.com

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 £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £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. On 2 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. With over 5,300 new rental homes, the Company believes its portfolio is the largest build-to-rent single-family rental portfolio in the UK.

LEI: 21380037Q91HU97WZX58

 

About Sigma Capital Group Limited (formerly Sigma Capital Group plc) www.sigmacapital.co.uk

Sigma Capital Group Limited ("Sigma") is a PRS, residential development, and urban regeneration specialist, with offices in Edinburgh, Manchester and London. Sigma's principal focus is on the delivery of large-scale housing schemes for the private rented sector. The Company has a well-established track record in assisting with property-related regeneration projects in the public sector, acting as a bridge between the public and private sectors.

 

Sigma has created an excellent property procurement and management platform, which sources sites and brings together construction resource to develop them, enabling Sigma to deliver an integrated solution to partners. As well as sourcing sites and managing all stages of the planning and development process, Sigma manages the rental of completed homes through its award-winning rental brand 'Simple Life'. The Company's subsidiary, Sigma PRS Management Ltd, is Investment Adviser to The PRS REIT plc.

 

About Sigma PRS Management Ltd

Sigma PRS Management Ltd is a wholly-owned subsidiary of Sigma Capital Group Limited and is Investment Adviser to The PRS REIT plc. It sources investments and operationally manages the assets of The PRS REIT plc and advises the Alternative Investment Fund Manager ("AIFM") and The PRS REIT plc on a day-to-day basis in accordance with The PRS REIT plc's Investment Policy. The AIFM is G10 Capital Limited. Sigma PRS Management Ltd is an appointed representative of G10 Capital Limited, which is authorised and regulated by the Financial Conduct Authority (FRN:648953).

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
UK 100

Latest directors dealings