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About the company
Residential Secure Income plc is a United Kingdom-based real estate investment trust (REIT). The Company is focused on delivering secure, inflation-linked returns with a focus on two resident sub-sectors in United Kingdom residential - independent retirement rentals and shared ownership - underpinned by an ageing demographic and untapped and strong demand for affordable home ownership. Its subsidiary, ReSI Housing Limited (ReSI Housing), is registered as a for-profit Registered Provider of social housing, and so provides a 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. The Company's portfolio comprises approximately 3,293 properties. The Company's fund manager is Gresham House Asset Management Limited.
- Revenue in GBP (TTM)32.01m
- Net income in GBP-3.60m
- Incorporated2017
- Employees0.00
- LocationResidential Secure Income plcThe Pavilions, Bridgwater RoadBRISTOL BS13 8FDUnited KingdomGBR
- Phone+44 207 382 0900
- Fax+44 207 628 4317
- Websitehttps://greshamhouse.com/real-assets/housing/residential-secure-income-plc/
Profile
| Management group(s) | Gresham House Asset Management Ltd |
|---|---|
| AIC sector | Property - UK Residential |
| ISIN | GB00BYSX1508 |
| Launch date | 12 Jul 2017 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
To invest in portfolios of Homes throughout the UK and to provide shareholders with an attractive level of income, together with the potential for capital growth, from acquiring portfolios of Homes across residential asset classes that comprise the stock of Statutory Registered Providers. Such asset classes are categorised as Shared Ownership Homes, Market Rental Homes, Functional Homes and Sub-Market Rental Homes and will provide secure long-term inflation-linked cash flows to the group.
Managed by
| Ben Fry, Pete Redman, Alex Pilato, Mark Rogers |
|---|
Management & contract fees
The management fee shall be paid quarterly in advance. Up to and including GBP 250m 1.0% of NAV, GBP 250m - GBP 500m 0.9% of NAV, GBP 500m - GBP 1bn 0.8% of NAV, above GBP1 bn 0.7% of NAV. Agreement is terminable by either the Investment Manager or the company giving to the other not less than 60 months written notice.
| Holder | Shares | % Held |
|---|---|---|
| Schroder & Co. Ltd.as of 14 May 2024 | 22.14m | 11.96% |
| Close Asset Management Ltd.as of 30 Sep 2023 | 18.43m | 9.95% |
| CG Asset Management Ltd.as of 30 Jun 2024 | 11.82m | 6.39% |
| Valu-Trac Investment Management Ltd.as of 28 Jun 2024 | 11.49m | 6.20% |
| West Yorkshire Pension Fundas of 30 Sep 2023 | 9.75m | 5.27% |
| Schroder Investment Management Ltd.as of 31 Dec 2023 | 6.86m | 3.71% |
| City Asset Management Plcas of 21 Nov 2023 | 4.37m | 2.36% |
| BlackRock Advisors (UK) Ltd.as of 05 Sep 2024 | 2.61m | 1.41% |
| BlackRock Investment Management (UK) Ltd.as of 31 Aug 2024 | 2.37m | 1.28% |
| Beckett Asset Management Ltd.as of 31 May 2024 | 2.22m | 1.20% |
