PRS Reit PLC
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 has invested over £1bn in a portfolio of high-quality homes for private rental across the regions, having raised a total of £0.56bn (gross) thro… Read more
PRS Reit PLC (PRSR) - Net Assets
Latest net assets as of June 2025: GBX785.38 Million GBX
Based on the latest financial reports, PRS Reit PLC (PRSR) has net assets worth GBX785.38 Million GBX as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX1.23 Billion) and total liabilities (GBX442.94 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX785.38 Million |
| % of Total Assets | 63.94% |
| Annual Growth Rate | 7.1% |
| 5-Year Change | 60.19% |
| 10-Year Change | N/A |
| Growth Volatility | 10.22 |
PRS Reit PLC - Net Assets Trend (2018–2025)
This chart illustrates how PRS Reit PLC's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PRS Reit PLC (2018–2025)
The table below shows the annual net assets of PRS Reit PLC from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-06-30 | GBX785.38 Million | +7.38% |
| 2024-06-30 | GBX731.42 Million | +10.87% |
| 2023-06-30 | GBX659.72 Million | +3.20% |
| 2022-06-30 | GBX639.24 Million | +30.38% |
| 2021-06-30 | GBX490.27 Million | +4.11% |
| 2020-06-30 | GBX470.92 Million | -0.72% |
| 2019-06-30 | GBX474.32 Million | -2.40% |
| 2018-06-30 | GBX486.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PRS Reit PLC's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 11263.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (June 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX367.83 Million | 46.83% |
| Common Stock | GBX5.49 Million | 0.70% |
| Other Comprehensive Income | GBX113.09 Million | 14.40% |
| Other Components | GBX298.97 Million | 38.07% |
| Total Equity | GBX785.38 Million | 100.00% |
PRS Reit PLC Competitors by Market Cap
The table below lists competitors of PRS Reit PLC ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TOYOBO
DU:TO7
|
$75.53K |
|
HGM
VN:HGM
|
$75.60K |
|
Tikun Olam Cannbit Pharmaceuticals Ltd
TA:TKUN
|
$75.63K |
|
SPORE TECH ENG
MU:SJX
|
$75.67K |
|
FOCUS SYSTEMS
MU:FSM
|
$75.50K |
|
BLPX39
SA:BLPX39
|
$75.48K |
|
PennantPark Floating Rate Capital Ltd
NYSE:PFLT
|
$75.45K |
|
Rockhopper Exploration
LSE:RKH
|
$75.40K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PRS Reit PLC's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 731,425,000 to 785,385,000, a change of 53,960,000 (7.4%).
- Net income of 77,029,000 contributed positively to equity growth.
- Dividend payments of 23,069,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX77.03 Million | +9.81% |
| Dividends Paid | GBX23.07 Million | -2.94% |
| Other Comprehensive Income | GBX-1.00 | -0.0% |
| Other Changes | GBX1.00 | +0.0% |
| Total Change | GBX- | 7.38% |
Book Value vs Market Value Analysis
This analysis compares PRS Reit PLC's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 79.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 76.93x to 79.03x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-06-30 | GBX1.47 | GBX113.00 | x |
| 2019-06-30 | GBX0.96 | GBX113.00 | x |
| 2020-06-30 | GBX0.95 | GBX113.00 | x |
| 2021-06-30 | GBX0.99 | GBX113.00 | x |
| 2022-06-30 | GBX1.19 | GBX113.00 | x |
| 2023-06-30 | GBX1.20 | GBX113.00 | x |
| 2024-06-30 | GBX1.33 | GBX113.00 | x |
| 2025-06-30 | GBX1.43 | GBX113.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PRS Reit PLC utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 9.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 115.87%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 1.56x
- Recent ROE (9.81%) is above the historical average (7.92%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.67% | 76.80% | 0.01x | 1.03x | GBX-45.36 Million |
| 2019 | 3.07% | 90.80% | 0.03x | 1.26x | GBX-32.86 Million |
| 2020 | 3.48% | 90.01% | 0.03x | 1.36x | GBX-30.69 Million |
| 2021 | 9.00% | 94.19% | 0.05x | 1.78x | GBX-4.91 Million |
| 2022 | 18.13% | 98.01% | 0.12x | 1.59x | GBX51.97 Million |
| 2023 | 6.43% | 94.48% | 0.04x | 1.60x | GBX-23.52 Million |
| 2024 | 12.81% | 94.22% | 0.09x | 1.59x | GBX20.53 Million |
| 2025 | 9.81% | 115.87% | 0.05x | 1.56x | GBX-1.51 Million |
Industry Comparison
This section compares PRS Reit PLC's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $316,923,692
- Average return on equity (ROE) among peers: 2.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PRS Reit PLC (PRSR) | GBX785.38 Million | 0.67% | 0.56x | $75.52K |
| Empiric Student Property Plc (ESP) | $664.76 Million | 8.24% | 0.59x | $64.65K |
| KCR Residential Reit PLC (KCR) | $12.65 Million | 2.59% | 1.16x | $429.68 |
| Residential Secure Income plc (RESI) | $151.00 Million | -6.65% | 1.45x | $13.34K |
| Triple Point Social Housing REIT PLC (SOHO) | $439.29 Million | 5.67% | 0.60x | $36.67K |