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PRS Reit feels activist heat even as discount narrows

Trust veterans Christopher Mills and Robert Naylor have targeted PRS Reit
PRS Reit feels activist heat even as discount narrowsPublished on September 6, 2024
  • Majority of the listed sector trading at a discount
  • Discounts aren’t the only thing drawing in activists

Battle lines have been drawn in the latest activist battle to rock the listed property sector. At PRS Reit (PRSR), a group of disgruntled shareholders represented by Christopher Mills and Robert Naylor raised their concerns about the management team and requisitioned an extraordinary general meeting. 

Activists have a mixed record in the space, and the current sector weakness has seen boards start strategic reviews without open campaigning from investors. 

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