ReSI plc Reports Strong Earnings Amid Strategic Asset Realization

Residential Secure Income ( (GB:RESI) ) has issued an announcement.

Residential Secure Income plc reported a 9% increase in adjusted EPRA earnings for the fiscal year ending 30 September 2024, underpinned by robust operational performance, including strong rent collection and occupancy rates. Despite these achievements, challenges such as modest market capitalization and a persistent discount to NAV prompted the board to decide on an orderly realization of assets, a move supported by shareholders. The company completed the sale of its local authority portfolio, which aided in debt reduction, and continues to target earnings growth while preparing for asset sales, prioritizing shareholder returns and resident interests.

More about Residential Secure Income

Residential Secure Income plc (ReSI plc) operates in the real estate industry, focusing on independent retirement living and shared ownership. The company aims to deliver secure, inflation-linked returns through investments in these underserved markets, providing affordable homeownership to young families, key workers, and retirement living options.

YTD Price Performance: -2.04%

Average Trading Volume: 274,437

Technical Sentiment Consensus Rating: Sell

Current Market Cap: £106.7M

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