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Residential Secure (RESI)

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Thursday 15 November, 2018

Residential Secure

Dividend Declaration

RNS Number : 4049H
Residential Secure Income PLC
15 November 2018

15 November 2018

Residential Secure Income plc (the "Company")

Dividend Declaration


Residential Secure Income plc ("ReSI") (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to declare an interim dividend of 0.75 pence per Ordinary Share for the period from 1 July 2018 to 30 September 2018.


0.5625 pence of the dividend will be paid as a Property Income Distribution ("PID") in respect of the Company's tax exempt property rental business and 0.1875 pence will be paid as an Ordinary UK dividend ("non-PID"). The dividend will be paid on 21 December 2018 to Shareholders on the register as at 23 November 2018. The ex-dividend date is 22 November 2018.


Including this interim dividend, the Company will have paid 3.0 pence per Ordinary Share for the first financial period from the date of admission to 30 September 2018, as targeted at IPO.


For the financial year beginning on 1 October 2018, ReSI is targeting a dividend yield of 5% per annum based on the issue price of 100 pence per Ordinary ShareReSI intends to pay dividends to Shareholders on a quarterly basis and in accordance with the REIT regimeOver time, ReSI expects its dividends to increase broadly in line with inflation, and targets a total return in excess of 8% per annum1.  


1 These are targets only and not a profit forecast. There can be no assurance that the targets will be met.




 ReSI Capital Management Limited

 Ben Fry

 Jonathan Slater

 Alex Pilato

 Mark Rogers

+44 (0) 20 7382 0900



 Jefferies International Limited

 Stuart Klein

 Gary Gould

+44 (0) 20 7029 8000



FTI Consulting                                                                                        +44 (0) 20 3737 1000

Richard Sunderland                                                                                   Email: [email protected]

Claire Turvey

Richard Gotla


The Company's LEI is: 213800D24WA531LAR763



Residential Secure Income plc (LSE: RESI) is listed on the premium segment of the Official List of the UK Listing Authority and was admitted to trading on the Main Market of the London Stock Exchange in July 2017.


ReSI has been established to invest in portfolios of Homes across residential asset classes that comprise the stock of Housing Associations and Local Authorities, comprising Shared Ownership Homes and Rental Homes (being Market Rental Homes, Functional Homes and Sub-Market Rental Homes) throughout the UK


ReSI is managed by ReSI Capital Management Limited, a wholly owned subsidiary of TradeRisks Limited which has a 17 year track record of executing transactions within the UK social housing sector and, to date, has arranged funding of over £10 billion in the social housing, care and other specialist residential property sectors.


ReSI seeks to deliver secure, long-dated, inflation-linked income returns through investment in UK social housing. It aims to meet demand from Housing Associations and Local Authorities for alternative equity-like financing sources that allows them to recycle capital back into socially and economically beneficial new housing, making a meaningful contribution to the UK housing shortage.


Homes acquired by ReSI will predominantly be on a freehold or long leasehold basis (typically 99 years or more to maturity) and benefit from long term (typically 20 years plus) inflation-adjusted cash flows. Acquisitions by ReSI will be limited to Homes with sufficient cashflows, counterparty credit quality and property security that allow the Fund Manager to arrange long-term investment grade equivalent debt.


Further information on ReSI is available at 


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