REG - Residential Secure - Notice of Full Year Results - 1 December 2021

Jefferies FinancialAnnouncement

17/11/2021 15:50

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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
(https://greshamhouse.zoom.us/webinar/register/WN_FtAzOA_ERSOQLVSiq0RWBQ) .

 

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
(http://www.resi-reit.com/company-documents)

 

A replay will be available after the meeting.

 

- ENDS -

 

 

For further information, please contact:

 

 ReSI Capital Management Limited / Gresham House Housing  +44 (0) 20 7382 0900

 Ben Fry

 Alex Pilato

 Jefferies International Limited

 Stuart Klein                                             +44 (0) 20 7029 8000

 Tom Yeadon

 KL Communications                                        gh@kl-communications.com (mailto:gh@kl-communications.com)

 Charles Gorman                                           +44 (0) 20 3995 6673

 Will Sanderson

 Millie Steyn

 

 

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 19 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
(http://www.resi-reit.com/)

 

Further information on Gresham House is available at www.greshamhouse.com
(http://www.greshamhouse.com/)

 

 i  excluding the finance lease gross up and including committed acquisitions

 

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