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PRS REIT announces an interim quarterly dividend of 1.0p per share

Investment Tools Ltd.
PRS REIT announces an interim quarterly dividend of 1.0p per share

The PRS REIT, the closed-ended real estate investment trust established to invest in new-build homes in the Private Rented Sector ("PRS"), declares today an interim quarterly dividend of 1.0 pence per ordinary share in respect of the second quarter period, covering 1 October 2019 to 31 December 2019.

This dividend, which is a non-Property Income Distribution, will be payable on 28 February 2020 to shareholders on the register on 7 February 2020. The ex-dividend date will be 6 February 2020. The Company continues to target a total dividend of 5.0 pence per ordinary share for the year ending 30 June 2020.

As at 31 December 2019, the PRS REIT's unaudited EPRA NAV and IFRS NAV were both 95.0 pence per ordinary share (30 June 2019: both 95.8p per ordinary share).  It should be noted that this is after the payment of dividends that together totalled 3.0p per ordinary share (2.0p per ordinary share on 30 August 2019, which related to the three months to 30 June 2019, and 1.0p per ordinary share on 29 November 2019, which related to the three months to 30 September 2019).

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