Residential Secure Income Plc (GB:RESI)
LSE:RESI
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Residential Secure Income
(LSE:RESI)
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Rating:53Neutral
Price Target:
52.00 p
▼(-10.34% Downside)
Action:ReiteratedDate:03/24/26
The score is driven primarily by mixed fundamentals: strong recurring cash flow and a materially improved (de-levered) balance sheet are offset by contracting revenue and persistent net losses. Technicals are weak with the stock trading below major moving averages and negative MACD, while valuation is supported by a high dividend yield but constrained by loss-making earnings. Corporate updates add uncertainty due to the managed wind-down and declining portfolio valuations.
Positive Factors
De-leveraged balance sheet
Reporting zero reported debt after material de-leveraging meaningfully improves financial flexibility and reduces refinancing risk. That cleaner capital structure supports orderly asset realisation, dividend funding and counterparty confidence while the company executes its wind-down over coming months.
Negative Factors
Revenue contraction & losses
Sustained revenue declines and multi‑year net losses weaken earnings quality and limit operational reinvestment. Persistent losses undermine long-term distributable earnings visibility, making dividend maintenance and value preservation more dependent on asset sale outcomes than recurring operating performance.
Read all positive and negative factors
Positive Factors
Negative Factors
De-leveraged balance sheet
Reporting zero reported debt after material de-leveraging meaningfully improves financial flexibility and reduces refinancing risk. That cleaner capital structure supports orderly asset realisation, dividend funding and counterparty confidence while the company executes its wind-down over coming months.
Read all positive factors
Residential Secure Income (RESI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£101.77M
Dividend Yield6.96%
Average Volume (3M)247.34K
Price to Earnings (P/E)―
Beta (1Y)0.67
Revenue GrowthN/A
EPS GrowthN/A
CountryUK
EmployeesN/A
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)-0.01
Shares Outstanding185,030,470
10 Day Avg. Volume317,350
30 Day Avg. Volume247,341
Financial Highlights & Ratios
PEG Ratio1.27
Price to Book (P/B)0.79
Price to Sales (P/S)3.57
P/FCF Ratio7.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Residential Secure Income Business Overview & Revenue Model
Company Description
Residential Secure Income plc (ReSI) is a real estate investment trust (REIT) with the objective of delivering secure income returns by investing in Shared Ownership and other affordable residential asset classes. ReSI is listed on the premium seg...
How the Company Makes Money
null...
Residential Secure Income Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
66
Positive
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 29.84M | 30.46M | 33.55M | 31.79M | 39.60M |
| Gross Profit | 17.46M | 17.57M | 16.70M | 15.67M | 13.37M |
| EBITDA | -3.30M | 9.38M | -87.17M | 16.34M | 9.70M |
| Net Income | -9.13M | -10.05M | -23.15M | 13.33M | 11.22M |
Balance Sheet | |||||
| Total Assets | 333.63M | 369.32M | 389.43M | 427.53M | 389.71M |
| Cash, Cash Equivalents and Short-Term Investments | 7.56M | 5.41M | 3.22M | 12.74M | 5.69M |
| Total Debt | 0.00 | 208.49M | 213.34M | 221.05M | 199.55M |
| Total Liabilities | 199.39M | 218.32M | 220.75M | 226.14M | 207.32M |
| Stockholders Equity | 134.24M | 151.00M | 168.68M | 201.39M | 182.39M |
Cash Flow | |||||
| Free Cash Flow | 14.22M | 17.90M | 16.82M | 43.29M | 51.77M |
| Operating Cash Flow | 14.22M | 17.90M | 16.82M | 14.13M | 19.96M |
| Investing Cash Flow | 20.56M | 8.44M | -7.07M | -28.93M | -32.61M |
| Financing Cash Flow | -32.56M | -24.05M | -16.93M | 22.42M | 9.80M |
Residential Secure Income Technical Analysis
Positive
58.00
Price Trends
53.43
Positive
54.32
Positive
55.17
Negative
Market Momentum
-0.02
Negative
61.10
Neutral
79.16
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RESI, the sentiment is Positive. The current price of 58 is above the 20-day moving average (MA) of 52.26, above the 50-day MA of 53.43, and above the 200-day MA of 55.17, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 61.10 is Neutral, neither overbought nor oversold. The STOCH value of 79.16 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:RESI.
Residential Secure Income Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | £1.25B | 7.07 | 10.25% | 3.62% | -8.66% | 553.35% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
60 Neutral | £288.80M | 90.71 | 0.80% | 8.16% | -4.24% | -273.62% | |
53 Neutral | £101.77M | -9.88 | -6.64% | 6.96% | ― | ― | |
51 Neutral | £155.19M | -6.51 | -9.62% | ― | ― | ― |
* Real Estate Sector Average
GB:RESI
Residential Secure Income
55.00
6.99
14.55%
GB:GRI
Grainger
169.10
-18.16
-9.70%
GB:PSDL
Phoenix Spree Deutschland Ltd
169.00
9.50
5.96%
GB:SOHO
Triple Point Social Housing REIT PLC
73.40
16.66
29.36%
Residential Secure Income Corporate Events
Business Operations and StrategyShareholder Meetings
Residential Secure Income Wins Shareholder Backing for All AGM Resolutions
Positive
Mar 4, 2026
Residential Secure Income plc reported that all resolutions at its Annual General Meeting on 4 March 2026 were approved by shareholders via poll. The outcome confirms strong investor support for the company’s governance, financial reporting ...
Business Operations and StrategyDividendsFinancial Disclosures
ReSI Holds NAV Steady as Portfolio Sale Advances and Dividend Remains Covered
Neutral
Feb 20, 2026
Residential Secure Income has reported a largely stable net asset value for the quarter to 31 December 2025 as it continues an orderly wind-down of its retirement and shared ownership portfolios. The company highlighted resilient operational metri...
Business Operations and StrategyDividends
Residential Secure Income declares interim dividend as orderly wind-down continues
Neutral
Feb 20, 2026
Residential Secure Income plc, a UK real estate investment trust focused on independent retirement living and shared ownership, invests in affordable, inflation-linked UK housing, particularly for older residents and shared owners. Operating via i...
Business Operations and StrategyFinancial DisclosuresShareholder Meetings
ReSI posts resilient earnings but lower valuations as wind-down progresses
Negative
Jan 23, 2026
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%, r...
Business Operations and StrategyDividends
Residential Secure Income Declares Interim Dividend Amid Managed Wind-Down
Neutral
Jan 23, 2026
Residential Secure Income plc has declared an interim dividend of 1.03 pence per ordinary share, to be paid as a full Property Income Distribution from its tax-exempt property rental business on 27 February 2026 to shareholders on the register as ...
Business Operations and StrategyStock Buyback
Residential Secure Income Buys Shares to Settle Equity Portion of Management Fee
Neutral
Jan 8, 2026
Residential Secure Income plc has acquired 125,694 of its own ordinary shares in the secondary market at an average price of 60 pence to satisfy the equity portion of the fund management fee payable to Gresham House Asset Management under its exis...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.