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ReSI posts resilient earnings but lower valuations as wind-down progresses

Story Highlights
  • ReSI delivered strong rental growth, near-full occupancy and higher earnings, resulting in robust dividend cover despite challenging market conditions.
  • Amid lower portfolio valuations and a significant NAV decline, ReSI advanced its managed wind-down, selling one portfolio and progressing exclusive sales of its remaining assets.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
ReSI posts resilient earnings but lower valuations as wind-down progresses

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

Residential Secure Income has reported full-year results to 30 September 2025 showing solid operational performance but weaker asset valuations amid continued market headwinds and an approved managed wind-down. Like-for-like rent growth of 3.4%, record 97% retirement occupancy, rent collection above 99% and an 11% rise in adjusted earnings per share to 5.7p delivered strong dividend cover of 137%, yet portfolio valuations fell 6.2% to £287.4m and EPRA NTA per share dropped to 63.3p, as yields moved out by 50 basis points and IFRS NAV declined 11.1%. Following shareholder approval in December 2024 for an orderly realisation of assets, ReSI has completed the sale of its local authority portfolio ahead of book value, with its shared ownership and retirement portfolios both under offer and in exclusivity after a competitive sales process, as the board seeks to maximise returns for shareholders while maintaining protections for residents and managing the wind-down of the business.

The most recent analyst rating on (GB:RESI) stock is a Hold with a £60.00 price target. To see the full list of analyst forecasts on Residential Secure Income stock, see the GB:RESI Stock Forecast page.

Spark’s Take on GB:RESI Stock

According to Spark, TipRanks’ AI Analyst, GB:RESI is a Neutral.

The overall stock score reflects significant financial challenges, particularly in revenue and profitability, which are the most impactful factors. Technical indicators and valuation offer some positive aspects, such as a high dividend yield, but are overshadowed by the company’s ongoing financial difficulties.

To see Spark’s full report on GB:RESI stock, click here.

More about Residential Secure Income

Residential Secure Income plc (ReSI) is a London-listed investment company focused on independent retirement living and shared ownership housing, aiming to deliver secure, inflation-linked income returns. Its portfolio of nearly 3,000 homes is primarily leased directly to pensioners and part-homeowners, positioning the company in the UK’s long-income residential real estate segment.

Average Trading Volume: 222,515

Technical Sentiment Signal: Buy

Current Market Cap: £108.4M

For a thorough assessment of RESI stock, go to TipRanks’ Stock Analysis page.

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