Residential Secure Income PLC Notice of 1H21 results & webinar (4357Z)
May 21 2021 - 4:16AM
UK Regulatory
TIDMRESI
RNS Number : 4357Z
Residential Secure Income PLC
21 May 2021
21 May 2021
Residential Secure Income plc
("ReSI" or the "Company")
Notice of Interim Results for the six months to 31 March
2021
Residential Secure Income plc (LSE: RESI), which invests in
affordable shared ownership, retirement and local authority
housing, is pleased to confirm that it will announce its interim
financial results for the six months ended 31 March 2021 on
Thursday 27 May 2021 at 7:00am (BST).
The management team will host a Zoom webinar and question and
answer session for investors and analysts at 11:00am (BST) on
Thursday 27 May 2021.
We encourage investors and analysts to pre-register in advance
for dedicated access on the day, via Zoom. The link to pre-register
for the webinar can be found here .
The interim results announcement, Interim Report and the
accompanying presentation will be made available on the ReSI
website, on the day:
https://www.resi-reit.com/company-documents
A replay will be available after the meeting.
- ENDS -
For further information, please contact:
ReSI Capital Management Limited / Gresham
House Housing
Ben Fry
Alex Pilato +44 (0) 20 7382 0900
Jefferies International Limited
Stuart Klein
Tom Yeadon +44 (0) 20 7029 8000
KL Communications gh@kl-communications.com
Charles Gorman +44 (0) 20 3995 6673
Saurav Karia
Notes to Editors
Residential Secure Income plc (LSE: RESI) is a real estate
investment trust (REIT) listed on the premium segment of the Main
Market of the London Stock Exchange with the objective of
delivering secure inflation linked returns by investing in
affordable shared ownership, retirement and Local Authority housing
throughout the UK.
ReSI targets a secure, long-dated, inflation-linked dividend of
5.0 pence per share p.a. (paid quarterly) and a total return in
excess of 8.0% per annum. Including recent committed acquisitions,
ReSI's portfolio comprises 3,060 properties, with an (unaudited)
IFRS fair value of GBP346m [i] .
ReSI aims to make a meaningful contribution to alleviating the
UK housing shortage by meeting demand from housing developers
(Housing Associations, Local Authorities and private developers)
for long-term investment partners to accelerate the development of
socially and economically beneficial new affordable housing.
ReSI's subsidiary, ReSI Housing Limited, is registered as a
for-profit Registered Provider of Social Housing, and so provides a
unique proposition to its housing developer partners, being a long
term private sector landlord within the social housing regulatory
environment. As a Registered Provider, ReSI Housing can acquire
affordable housing subject to s106 planning restrictions and
housing funded by government grant.
Acquisitions by ReSI are limited to homes with sufficient
cashflows, counterparty credit quality and property security to be
capable of supporting long -- term investment grade equivalent
debt. ReSI does not manage or operate stock and uses experienced
and credit-worthy managers.
ReSI is managed by ReSI Capital Management Limited, whose
immediate parent company, TradeRisks Limited, has been active
within the social housing sector for over 20 years as a funding
arranger and advisor and, over the last four years, as an investor
through ReSI.
ReSI Capital Management and its parent, TradeRisks, were
acquired by Gresham House in March 2020, further increasing the
investment expertise available to ReSI. The housing investment team
at Gresham House has 15 members and growing, with an average of 20
years' relevant experience, covering fund management, housing
investment, social housing management and financial and risk
expertise.
Gresham House plc is a London Stock Exchange quoted specialist
alternative asset manager committed to operating responsibly and
sustainably, taking the long view in delivering sustainable
investment solutions.
[i] excluding the finance lease gross up and including committed
acquisitions
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
NORABMPTMTBTMIB
(END) Dow Jones Newswires
May 21, 2021 04:16 ET (08:16 GMT)
Residential Secure Income (LSE:RESI)
Historical Stock Chart
From Apr 2024 to May 2024
Residential Secure Income (LSE:RESI)
Historical Stock Chart
From May 2023 to May 2024