Article · Wikipedia archive · Last revised Jul 17, 2026

PRS REIT

The PRS REIT, is a large British investment trust, operating in the Private Rented Sector (PRS), which is focused on creating a portfolio of family homes for rent. It is the UK's largest portfolio of build to rent single family houses.

Last revised
Jul 17, 2026
Read time
≈ 2 min
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461 w
Citations
13
Source
Wikipedia ↗
PRS REIT
TypePublic
LSE: PRSR
Founded2017 (2017)
Headquarters
Manchester
,
England
Key people
Geeta Nanda (chair)
Websitewww.theprsreit.com

The PRS REIT (LSE: PRSR), is a large British investment trust, operating in the Private Rented Sector (PRS), which is focused on creating a portfolio of family homes for rent. It is the UK's largest portfolio of build to rent single family houses.1

History

The company was launched through an initial public offering with financial backing from the Homes and Communities Agency in 2017.2 Stephen Smith was appointed chair at the time of the launch.3

In April 2023, the company confirmed that it had completed 5,000 houses, making it the holder of the UK's largest portfolio of build to rent single family houses.1

However, in August 2024, a group of shareholders holding 17.3% of the company, who were concerned about the large discount of share price to net asset value, sought an extraordinary meeting seeking to remove the chair and to instigate a strategic review.456

In September 2024, the company announced that Smith would step down and Geeta Nanda would become interim chair in December 2024. As a result of this, the dissenting shareholders withdrew their request for an extraordinary general meeting.789

The company sold its property portfolio to Northern LGPS and Local Pensions Partnership Investments for £1.1 billion in December 2025.10 It subsequently announced that it would seek shareholder approval to proceed to liquidation.11

Operations

The company is managed by Sigma PRS, which holds an agreement to manage the portfolio to 2029.12

References

References

  1. "The PRS REIT completes 5,000th Build to Rent home". BTR News. 14 April 2023. Retrieved 25 September 2024.
  2. "HCA-backed PRS REIT raises £250m". Property Week. 25 May 2017. Retrieved 25 September 2024.
  3. "The PRS Reit plc". Companies House. Retrieved 25 September 2024.
  4. "Waverton and CCLA among investor group in PRS REIT seeking chair removal and strategic review". Investment Week. Retrieved 25 September 2024.
  5. "Investors lay siege to boardroom of London-listed private rental group". Sky News. 28 August 2024. Retrieved 25 September 2024.
  6. "PRS REIT faces investor rebellion to topple chair". CityAM. 29 August 2024. Retrieved 25 September 2024.
  7. "PRS Reit chair to step down in victory for shareholders". CityWire. 13 September 2024. Retrieved 25 September 2024.
  8. "PRS REIT chairman to step down after pressure from activist investors". Property Week. 13 September 2024. Retrieved 25 September 2024.
  9. "PRS REIT shareholders withdraw requisition notice following agreement on board changes". Investment Week. 13 September 2024. Retrieved 25 September 2024.
  10. "PRS REIT completes sale of 5,478-home portfolio for £1.1bn". Place North West. 9 December 2025. Retrieved 12 December 2025.
  11. "PRS REIT headed for the exit". Association of Investment Companies. 4 December 2025. Retrieved 12 December 2025.
  12. "PRS REIT extends and revises deal with Sigma PRS Management". Scottish Financial News. 10 July 2024. Retrieved 25 September 2024.
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