Residential Secure Income Plc

Description

Founded in 2017, Residential Secure Income Plc is a UK-based Real Estate Investment Trust (REIT) with an objective to deliver secure, inflation-linked returns through investing in affordable shared ownership and retirement rentals across the UK. The company targets a secure, long term, inflation-linked annual dividend of 5.0 pence per share per annum (paid quarterly) and an annual total return of more than 8.0%, with aims to make a meaningful contribution to reducing the UK housing shortage by meeting demand from housing developers for long-term investment partners to speed up the development of economically and socially beneficial affordable housing. The company is listed on the premium segment of the Main Market of the London Stock Exchange as LON: RESI.

The company focuses on two resident sub-sectors in UK residential-independent retirement rentals and shared ownerships, unpinned by an aging demographic and untapped, strong demand for affordable homeownership. The company’s portfolio includes owns around 548 shared ownership homes through part-buy or part-rent, 2,222 retirement rental homes, whose rental payments are de-linked to the economy as tenants pay through their pensions and housing benefits, and 289 homes leased to the local authority who have a statutory duty to house those at risk of homelessness.