Notice of 1H21 results & webinar

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.

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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 Saurav Karia	[e-mail] [phone]

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 £346m [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.

 

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

 

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