PRS REIT (PRSR) Ordinary

The PRS REIT plc is a United Kingdom-based closed-ended real estate investment trust. The principal activity of the Company is the investment in, and management of, new build private rented sector (PRS) residential housing which is primarily located in various regions of England. It is seeking to provide investors with an attractive level of income, together with the prospect of income and capital growth. It utilizes the Investment Adviser's PRS property delivery and management platform (the Sigma PRS Platform). The Company’s portfolio of homes is targeted at the family market, which is the largest segment within the PRS. It has concentrated on traditional housing, with broad appeal across the demand spectrum, and its portfolio comprises differing house types, built to standardized specifications. They cater for different stages of life, including smaller houses for young couples and retirees, and larger houses for growing families. Its Investment Adviser is Sigma PRS Management Ltd.

The Fund is seeking to provide investors with an attractive level of income, together with the prospect of income and capital growth, through the establishment of a portfolio of newly-constructed residential rental homes in or near towns and cities in the UK for the private rented sector.The Company's portfolio of homes is targeted at the family market, which is the largest and growing segment within the private rented sector. The Company has targeted sites in the largest employment centres in England (outside London), predominantly in the Midlands and the North of England.

• Ongoing charge1.20%
• Annual management charge -
• Performance feeNo

Investment Adviser fee payable monthly in arrears calculated at the rate of i 0.90% p.a. of the adjusted NAV up to, and including, GBP 250m ii 0.85% in excess of GBP 250m and up to and including GBP 500m iii 0.70% in excess of GBP 500m and up to and including GBP 1bn iv 0.40% in excess of GBP 1bn and up to and including GBP 2bn v 0.30% in excess of GBP 2bn.