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 acquires 478 retirement homes from Places for People

By Iain Gilbert

Date: Monday 10 Sep 2018

LONDON (ShareCast) - (Sharecast News) - Social housing investor Residential Secure Income has exchanged contracts to acquire 478 retirement homes from Places for People for £40.2m.
Residential SI told investors on Monday that the purchase of the properties from Places for People, one of the UK's largest housing associations, would generate a yield in line with its previous retirement home acquisitions.

The London-listed group has already completed the acquisition of 421 of the properties, immediately producing income, and will complete its acquisition of the remaining 57 properties within three months.

Residential revealed that the portfolio consists primarily of one-bedroom flats located across 284 purpose-built retirement schemes, over 93% of which are located in Southern England and the Greater London area.

The portfolio, which will continue to be managed by Girlings, part of the Places for People Group, is leased to retirement-aged residents on RPI-linked assured tenancies which offer lifetime security of tenure.

As a result of the acquisition, Residential SI has invested a total of £215m in assembling a portfolio of 2,414 residential units.

Ben Fry of ReSI Capital Management, the investor's fund manager, said: "Our strategy continues to be focused on delivering a secure, long-term income stream to shareholders. We are making good progress in building a high-quality portfolio that meets these disciplined investment criteria, and expect this progress to continue."

As of 1230 BST, RESI shares had slipped 0.14% to 95.67p

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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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