Residential Secure Income plc
ReSI is a closed-ended investment company with the investment objective of delivering secure income returns by investing in shared ownership and rental portfolios of homes
managed by ReSI Capital Management Limited
a TradeRisks group company
The pressure to build more homes combined with the reduction in new UK government grant is encouraging Housing Associations and Local Authorities to seek alternative quasi-equity sources to support their development plans.
ReSI seeks to meet demand from Housing Associations and Local Authorities for alternative equity-like financing sources that allows them to accelerate development of socially and economically beneficial new housing making a meaningful contribution to the UK housing shortage.
Fundamentally attractive environment for investing in UK Social Housing
Secure, long-dated and inflation-linked returns from a defensive asset class, with as at 30 June 2019, a NAV per share of 107.9p and annualised earnings per share of 7.7p for the 9 months
The Fund Manager group has strong relationships and an extensive track record of executing transactions within the UK social housing and social infrastructure sectors
Strong pipeline of Shared Ownership investment opportunities, including a £300m partnership agreement with Morgan Sindall Investments targeting delivery of 1,500 new Shared Ownership homes
Robust corporate governance framework and strong alignment of interest between the Fund Manager and shareholders
ReSI Housing Limited, a wholly owned subsidiary of ReSI registered as a for-profit Registered Provider of Social Housing provides a unique proposition to housing developers, being a long term private sector social housing landlord who will keep assets within the social housing regulatory environment