Notice of Full Year Results - 1 December 2021

RNS Number : 7074S

Residential Secure Income PLC

17 November 2021

 

17 November 2021

Residential Secure Income plc

("ReSI" or the "Company")

Notice of Full Year Results for the period ended 30 September 2021

Residential Secure Income plc (LSE: RESI), which invests in independent retirement living and shared ownership, will announce financial results for the year ended 30 September 2021 on Wednesday 1 December at 7:00am (GMT).

The management team will host a Zoom webinar and question and answer session for investors and analysts at 2:00pm (GMT) on Wednesday 1 December .

Investors and analysts are encouraged to pre-register in advance for dedicated access on the day, via this link .

The full year results announcement, Annual Report and the accompanying presentation will be made available on the ReSI website, on the day: www.resi-reit.com/company-documents

A replay will be available after the meeting.

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For further information, please contact:

ReSI Capital Management Limited / Gresham House Housing Ben Fry Alex Pilato	[phone]
Jefferies International Limited Stuart Klein Tom Yeadon	[phone]
KL Communications Charles Gorman Will Sanderson Millie Steyn	[e-mail] [phone]

Notes to Editors

Residential Secure Income plc (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns with a focus on two resident sub-sectors in UK residential - independent retirement rentals and shared ownership - underpinned by an ageing demographic and untapped and strong demand for affordable home ownership. .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 3,059 properties, with an (unaudited) IFRS fair value of £348m [i] .

ReSI 's purpose is to deliver affordable, high quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through 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 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 1 9 members and growing, with an average of 18 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.

Further information on ReSI is available at  www.resi-reit.com  

Further information on Gresham House is available at www.greshamhouse.com

 

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[i] excluding the finance lease gross up and including committed acquisitions

 

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