Residential Secure Income (RESI)

Sector:

Property Investment Trusts

Index:

FTSE Small Cap

58.00p
   
  • Change Today:
    -0.20p
  • 52 Week High: 61.60p
  • 52 Week Low: 51.40p
  • Currency: UK Pounds
  • Shares Issued: 184.91m
  • Volume: 175,467
  • Market Cap: £107.25m
  • RiskGrade: 92

Residential Secure Income buys four blocks in Luton for £13m

By Josh White

Date: Monday 16 Jul 2018

LONDON (ShareCast) - (Sharecast News) - Residential Secure Income announced the acquisition of four freehold residential buildings in Luton for a total consideration of £13m on Monday.
The London-listed firm said the buildings benefitted from a 9.2 year lease to the local authority, with an option for the local authority to extend by 10 years, and were used to provide housing under the authority's statutory obligations, as well as back-to-work and support services to tenants.

It said the buildings were operated by property and support services provider Mears, and would immediately be income producing to ReSI.

The buildings had recently undergone a full refurbishment, completed in 2017, and contained 155 residential units.

It would be ReSI's second acquisition in Luton, where the company said it was looking to be a long term partner of the local authority in providing affordable accommodation for its constituents.

Luton, along with a number areas across the UK - and especially in south east England - had a "critical shortage" of both affordable and market housing, the board explained.

Mears was responsible for repairs to the flats and providing the support services, with the local authority bearing the letting risk.

ReSI said it intended to leverage the acquisition with investment-grade equivalent debt secured on the building, to deliver equity returns at least in line with its total return target.

Following the acquisition, ReSI had now invested £168m of the proceeds raised at IPO in assembling a portfolio which comprised 1,928 residential units.

"We continue to identify and acquire good quality and modern assets that offer a highly visible and long-term income stream, leveraging our sector and market knowledge as well as track record with local authorities," said Ben Fry of ReSI's fund manager, ReSI Capital Management.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

RESI Market Data

Currency UK Pounds
Share Price 58.00p
Change Today -0.20p
% Change -0.34 %
52 Week High 61.60p
52 Week Low 51.40p
Volume 175,467
Shares Issued 184.91m
Market Cap £107.25m
RiskGrade 92

RESI Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.63% above the market average25.63% above the market average25.63% above the market average25.63% above the market average25.63% above the market average
20% below the sector average20% below the sector average20% below the sector average20% below the sector average20% below the sector average
Price Trend
0.96% below the market average0.96% below the market average0.96% below the market average0.96% below the market average0.96% below the market average
3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average
Income Not Available
Growth
49.92% below the market average49.92% below the market average49.92% below the market average49.92% below the market average49.92% below the market average
64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average64.29% below the sector average

RESI Dividends

  Latest Previous
  3rd Interim 2nd Interim
Ex-Div 07-Aug-25 26-Jun-25
Paid 05-Sep-25 25-Jul-25
Amount 1.03p 1.03p

Trades for 29-Aug-2025

Time Volume / Share Price
16:35 13,294 @ 58.00p
16:35 944 @ 58.00p
16:35 1,139 @ 58.00p
16:35 638 @ 58.00p
16:35 1,523 @ 58.00p

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