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Residential Secure Income
(LSE:RESI)
Residential Secure Income (RESI) vs. S&P 500 (SPY)
Residential Secure Income Business Overview & Revenue Model
Residential Secure Income Financial Statement Overview
| Breakdown | ||||
| Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 | Sep 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| -8.23M | -20.70M | 15.41M | 13.53M | 6.26M | Gross Profit |
| -8.23M | -37.56M | -701.00K | -12.70M | -14.88M | EBIT |
| 6.67M | -40.01M | 18.63M | 11.22M | 2.45M | EBITDA |
| 0.00 | -87.17M | 0.00 | 0.00 | 0.00 | Net Income Common Stockholders |
| -10.05M | -23.15M | 13.33M | 11.22M | 2.45M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 5.41M | 3.22M | 12.74M | 5.69M | 8.53M | Total Assets |
| 369.32M | 389.43M | 427.53M | 389.71M | 356.28M | Total Debt |
| 0.00 | 213.34M | 221.05M | 199.55M | 170.68M | Net Debt |
| -5.41M | 210.11M | 208.31M | 193.86M | 162.15M | Total Liabilities |
| 218.32M | 220.75M | 226.14M | 207.32M | 176.67M | Stockholders Equity |
| 151.00M | 168.68M | 201.39M | 182.39M | 179.61M |
| Cash Flow | Free Cash Flow | |||
| 17.90M | 16.82M | 43.29M | 51.77M | 39.07M | Operating Cash Flow |
| 17.90M | 16.82M | 14.13M | 19.96M | 3.05M | Investing Cash Flow |
| 8.44M | -7.07M | -28.93M | -32.61M | -36.77M | Financing Cash Flow |
| -24.05M | -16.93M | 22.42M | 9.80M | 17.21M |
Residential Secure Income Technical Analysis
Residential Secure Income Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | £1.27B | 30.71 | 2.96% | 7.25% | 7.01% | 51.96% | |
71 Outperform | £8.89B | 14.70 | 5.18% | 4.46% | -9.88% | ― | |
65 Neutral | £3.59B | 19.75 | 3.17% | 6.34% | -30.83% | ― | |
61 Neutral | $4.43B | 16.13 | -3.23% | 11.37% | 6.25% | -21.19% | |
61 Neutral | £1.16B | ― | -1.38% | 2.37% | -2.73% | 91.05% | |
54 Neutral | £4.00B | 37.90 | 1.61% | 7.42% | -1.73% | ― | |
51 Neutral | £99.85M | ― | -6.65% | 7.63% | ― | ― |
Residential Secure Income Corporate Events
Residential Secure Income plc (ReSI) has announced the purchase of 135,822 Ordinary Shares to satisfy the equity portion of its fund management fee with Gresham House Asset Management. This move aligns with ReSI’s strategy to realize its assets in an orderly manner while protecting the interests of shareholders and residents. The shares are subject to a 12-month lock-in period, reflecting ReSI’s commitment to long-term investment stability. The announcement underscores ReSI’s focus on maximizing returns for shareholders while ensuring compliance with regulatory obligations and enhancing asset value.
Residential Secure Income plc announced that all resolutions proposed at its Annual General Meeting on February 27, 2025, were successfully passed. The resolutions included the approval of the company’s annual report, re-election of directors, re-appointment of auditors, and authorization for directors to manage dividends and securities. The approval of these resolutions reflects strong shareholder support and positions the company to continue its strategic initiatives, potentially enhancing its market position and delivering value to stakeholders.
Residential Secure Income plc has announced an interim dividend of 1.03 pence per Ordinary Share, to be paid as a Property Income Distribution on 21 March 2025. The company has recently adopted a new investment objective to orderly realize its assets, focusing on maximizing shareholder returns while protecting resident interests, indicating a strategic shift in its operations.
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.
Residential Secure Income plc has declared an interim dividend of 1.03 pence per share to be paid as a Property Income Distribution for the financial year ending on 30 September 2024. This decision aligns with the company’s strategy to provide quarterly dividends under the REIT regime. Recently, ReSI announced a new investment objective focusing on the orderly realization of its assets, balancing shareholder returns with the protection of residents’ interests and ensuring regulatory and statutory compliance. This strategic shift could potentially impact the company’s market positioning and stakeholder relations as it transitions its portfolio management approach.
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.
Residential Secure Income plc announced that its Annual Results for the year ended 30 September 2024 will be published on 22 January 2025. This follows a shareholder vote in December 2024 to accept a new investment objective focused on realizing existing assets in an orderly manner, balancing shareholder returns with timing of disposals while ensuring resident interests are protected. The announcement reflects ReSI’s strategic shift towards asset realization, highlighting potential impacts on stakeholders, including shareholders and residents, while maintaining its commitment to affordable housing.
Residential Secure Income plc has completed the sale of Wesley House in Luton for approximately £15 million, slightly above its previous valuation. The proceeds will allow the company to fully repay its debt to Santander, aligning with its strategic focus on independent retirement rentals and shared ownership as part of its managed wind-down strategy.
Residential Secure Income plc (ReSI) has announced the purchase of 136,008 Ordinary Shares as part of the equity portion of its fund management fee to Gresham House Asset Management Limited. This transaction aligns with ReSI’s strategy to manage its fund efficiently and ensure long-term investment stability. The shares are locked in for a minimum of 12 months, reflecting ReSI’s commitment to strategic asset management. This move is part of ReSI’s broader investment objective to realize existing assets in an orderly manner, balancing shareholder returns with resident interests and asset value protection.