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Residential Secure Income ( (GB:RESI) ) has issued an update.
Residential Secure Income plc reported a strong operational performance with over 99% rent collection and 3.3% rental growth in the first quarter, despite a decline in property valuation due to rising government bond yields. The company announced a fully covered interim dividend and completed the sale of its local authority portfolio, with proceeds used to repay debt. As part of its strategic wind-down, ReSI continues to evaluate potential sales agents for remaining assets and is in discussions for a new credit facility, with shareholder support for its managed wind-down strategy.
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 investment portfolios. The company aims to provide secure income through its property investments, emphasizing portfolio realisation and shareholder returns.
YTD Price Performance: -2.32%
Average Trading Volume: 235,722
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £104.4M
For an in-depth examination of RESI stock, go to TipRanks’ Stock Analysis page.
