- 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.