Trading update confirms results in-line with plenty to go for in PRS in 2017

The private rented sector (“PRS”) and urban regeneration specialist has issued a trading update for the financial year ended 31 December 2016 confirming results for the year are expected to be broadly in line with current market expectations. Despite the meaningful achievements to date, including the completion of over 1,000 rental homes, the shares have fallen 15% from January 2016 highs and look interesting value at current levels.