Net Asset Value

Residential Secure Income plc (“ReSI”) (LSE: RESI), which invests in residential asset classes that comprise the stock of UK social housing providers, is pleased to announce its unaudited net asset value (“Net Asset Value” or “NAV”) per ordinary share was 101.9 pence as at 30th June 2018, reflecting an independent valuation of the property portfolio prepared on an IFRS basis.

The movement in NAV since publication of interim results is as follows:

The increase in NAV over the period primarily reflects the valuation uplift from extending the leasehold interests of 1,003 retirement properties during June 2018 and net rental income from acquisitions.

The total return (i.e. the movement in NAV plus dividends paid) over the period was 3.9%, taking the total return since the admission of ordinary shares on 12th July 2017 to 5.5%.

The NAV has been calculated in accordance with International Financial Reporting Standards and incorporates the independent valuation on a “sum of the parts” basis, in accordance with, and required by, international accounting standards. The NAV does not include a provision for a third interim dividend for the period from 1 April 2018 to 30 June 2018.


ReSI Capital Management Limited

Ben Fry

Jonathan Slater Alex Pilato

Mark Rogers

+44 (0) 20 7382 0900

Jefferies International Limited

Stuart Klein

Gary Gould

+44 (0) 20 7029 8000

FTI Consulting

Richard Sunderland

Claire Turvey

Richard Gotla

+44 (0) 20 3737 1000



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