Prime Lands Residencies PLC is a Sri Lanka-based real estate developer focused on residential property development and sales, primarily of condominiums and gated housing targeted at a broad range of market segments and economic brackets across the country.
PLR shares are up 12.5% over the past year and last closed at Rs 38.60 on Sep 30, 2026.
Rs 38.60
+0.26%
Price history
+12.54%
Monthly seasonality
Monthly total returns by year and calendar month
Year
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
2026
+44.8
+24.7
-21.5
+1.5
-2.1
-4.5
-9.7
+2.2
-6.1
+0.0
+0.0
+0.0
2025
+9.2
-12.2
+3.5
+1.7
+9.9
+18.0
+16.6
+35.5
+37.1
-6.5
+0.3
+3.4
2024
+1.5
+3.0
+23.5
+6.0
+2.2
-7.7
-9.5
+3.9
+10.1
+3.4
+8.9
+22.4
2023
+9.1
+6.9
+5.2
-7.4
+5.3
-6.3
+18.9
-10.2
+1.3
-8.8
-9.6
-1.5
2022
+2.7
-7.8
-38.3
-10.6
+11.9
-21.2
-1.9
+47.1
-2.7
-15.1
+17.7
-9.6
2021
+0.0
+0.0
+0.0
+0.0
+0.0
+0.0
-1.0
+1.0
+0.0
-1.0
+0.0
+16.5
Average
+13.5
+2.9
-5.5
-1.8
+5.5
-4.3
+2.2
+13.3
+6.6
-5.6
+3.5
+6.3
ASPI average
+3.1
-2.7
-4.7
+2.0
+0.2
+0.8
+3.1
+2.2
+3.2
-0.1
+1.0
+3.0
Median
+9.1
+3.0
+3.5
+1.5
+5.3
-6.3
-1.5
+3.1
+0.6
-6.5
+0.3
+3.4
% up
100%
60%
60%
60%
80%
20%
33%
83%
50%
20%
60%
60%
P/E
15.6
P/B
3.19
EPS
Rs 2.48
Div Yield
2.07%
Market Cap
Rs 36.2B
Beta
1.22
ROE
20.5%
Op Margin
18.7% (-0.6pp)
Fundamentals
Line
FY2026
FY2025
FY2024
FY2023
FY2022
FY2021
Revenue
Rs 11.0B
+33.6%
Rs 8.3B
+2.1%
Rs 8.1B
-59.1%
Rs 19.8B
+108.2%
Rs 9.5B
+23.0%
Rs 7.7B
Operating profit
Rs 2.7B
+69.1%
Rs 1.6B
-8.3%
Rs 1.7B
-63.5%
Rs 4.8B
+145.8%
Rs 1.9B
+22.2%
Rs 1.6B
Net profit
Rs 2.1B
+67.4%
Rs 1.2B
+9.0%
Rs 1.1B
-66.3%
Rs 3.4B
+99.2%
Rs 1.7B
+70.1%
Rs 989.3M
EPS
2.20
+67.9%
1.31
+9.2%
1.20
-66.4%
3.57
+91.9%
1.86
+40.9%
1.32
Compared with the same period a year earlier.
Parent company only. Subsidiaries are not included.
Per-share figures are as reported, not adjusted for splits.
Prime Lands Residencies PLC is a Sri Lanka-based real estate developer focused on residential property development and sales, primarily of condominiums and gated housing targeted at a broad range of market segments and economic brackets across the country. The Company positions itself to provide livable neighbourhoods and apartment housing that appeal to both local and international buyers, including foreign nationals and non-resident Sri Lankans.
Its development portfolio includes projects across market tiers, with mid- to upper-segment residential developments and an ultra-luxury pipeline; named projects referenced in company reporting include The Colombo Border, The Seasons, J’Adore Negombo, Mon Vie, The Golf and The Elizabeth. The Company emphasises design, execution discipline, and integration of sustainability and digital customer platforms (for example “Prime Edge” and AI-enabled support “Prime Bee”).
The Group structure includes subsidiaries and affiliated companies involved in related activities, such as Prime Melwa Port City (Pvt) Ltd, Diyanillakelle Estate (Pvt) Ltd, Regent Country Club (Pvt) Ltd, Regent Caterers (Pvt) Ltd and affiliates including Bhoomi Realty Holdings (Pvt) Ltd, Prime Realty (Pvt) Ltd, Prime Lands Australia (Pty) Ltd and Prime Constructions (Pvt) Ltd. Operations and developments are located in Sri Lanka.
Evidence points bearish because PLR trades at a premium to both peers and its own book-value record while debt has risen sharply. The counterweight is 65.2% quarterly profit growth.
Colombo Stock Exchange opened marginally higher: ASPI rose 14.13 points to 21,070.39 and the S&P SL20 gained 0.11% to 5,935.33, with turnover of LKR 9.97m. Notable movers included Industrial Asphalts (+16.7%), Prime Lands, Dialog, Haycarb and NDB; SMB Finance and Commercial Bank fell; Softlogic Finance announced a LKR 1.002bn rights issue and Aitken Spence Hotel Holdings proposed up to LKR 5bn debenture issue.
Prime Lands Residencies PLC (PLR.N0000) has completed the superstructures of all three towers at The Colombo Border in Peliyagoda, moving the development ahead of schedule and enabling handovers from mid-2027. Tower Cosmos is fully sold out, with remaining two- and three-bedroom units starting around Rs.48 million.
Prime Lands Residencies PLC has completed the superstructures (topped off) of all three towers at The Colombo Border, a key construction milestone that the company says advances the project ahead of schedule. Handover is due from mid-2027 and Tower Cosmos is reported sold out, with remaining two- and three-bedroom units from Rs 48M.
Construction Activity
Ada Derana·Sep 4, 2026·Promotional / marketingPositive
Prime Lands Residencies PLC is developing The Seasons in Colombo 08, 44 ultra-luxury three-bedroom residences averaging ~2,000 sq ft, priced from LKR 132 million and due for completion and occupancy in mid-2027.
Construction Activity
Ada Derana·Aug 20, 2026·Promotional / marketingPositive
Prime Lands Residencies PLC has commenced transfer of deeds to homeowners at The Palace Gampaha, a 480-unit condominium development. The company says it completed required statutory approvals including Condominium Management Authority certifications; remaining furnished units start from Rs. 27.5 million.
Colombo Stock Exchange indices were down in Tuesday morning trade: the ASPI fell 0.20% (43.75 pts) to 21,573.13 and the S&P SL20 fell 0.20% to 6,072.34, with market turnover at Rs.340.8 million. Hayleys said S&P assigned an international foreign currency rating of B+ (stable) and Pegasus Hotels called an EGM on Sept 11, 2026 to seek approval for a share sub-division.
Ada Derana·Aug 17, 2026·Award or certificationPositive
Prime Lands Residencies PLC was named Sri Lanka's Most Valuable Real Estate Brand in Brand Finance's 2026 rankings. The residential arm of Prime Group, Prime Residencies has delivered over 55 apartment projects (47 completed) and the award cites its brand strength, financial performance and long-term value.
Ada Derana·Aug 12, 2026·Earnings & resultsPositive
Prime Lands Residencies PLC reported Q1 FY2027 revenue of Rs.4.59 billion (up 98% y/y) and profit after tax of Rs.661.6 million (up 65% y/y). Operating profit was Rs.857.1 million (up 92%), operating cash generation was Rs.1.51 billion and the company paid Rs.750 million in dividends during the quarter.
Colombo bourse extended a four-session winning run as the ASPI rose 0.22% (47.38 pts) to 21,417.47, with turnover Rs.3.8bn and foreign investors net sellers of ~Rs.2.35bn. The S&P SL20 inched down and retailing led daily turnover.
Sri Lanka's CSE closed up on Monday with the ASPI +0.22% to 21,417.47 and the S&P SL20 +0.04% to 5,990.51. Market turnover was Rs 3.81bn, retail shares led with Rs 1.05bn, and Royal Ceramics reported a Q2 profit of Rs 1.80bn, up 56.1% y/y.
Property & Construction sector: what is happening
Last 14 days to Sep 30, 2026
Property and construction faced a mixed policy backdrop: the proposed property tax was deferred from the 2027 Budget, while TIN certification becomes mandatory from 1 November for building-plan approvals and land registration, adding a compliance step to transactions. Public construction activity progressed through the Muthurajawela fuel-terminal contract and planned hospital infrastructure projects. Construction services exports fell in August.