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.
FOR FURTHER INFORMATION, PLEASE CONTACT:
ReSI Capital Management Limited
Jonathan Slater Alex Pilato
+44 (0) 20 7382 0900
Jefferies International Limited
+44 (0) 20 7029 8000
+44 (0) 20 3737 1000