ReSI Maintains Strong Performance Amidst Housing Demand

Residential Secure Income (GB:RESI) has released an update.

Residential Secure Income plc (ReSI) reports a solid operational performance with a 99% rent collection rate and a 2.7% like-for-like rental growth, despite a slight 0.4% decrease in property valuations due to an outward yield shift. The company’s diversified portfolio of nearly 3,000 homes and a lower loan-to-value ratio signify a strong financial position, with strategic initiatives in place to enhance shareholder value and contribute to addressing the UK’s affordable housing needs.

For further insights into GB:RESI stock, check out TipRanks’ Stock Analysis page.