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About the company
Residential Secure Income plc is a United Kingdom-based real estate investment trust (REIT). The Company and its subsidiaries invest in residential asset classes that comprise the stock of registered United Kingdom social housing providers, housing associations and local authorities. The Company's investment objective is to deliver stable, inflation-linked returns through investing in affordable shared ownership and retirement rentals across the United Kingdom. It focuses on two resilient sub-sectors in United Kingdom residential, shared ownership and independent retirement living. Its wholly owned subsidiary, ReSI Housing Limited (ReSI Housing), is authorized and a registered provider of social housing. The Company's fund manager is ReSI Capital Management Limited.
- Revenue in GBP (TTM)33.55m
- Net income in GBP-23.15m
- 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.
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Panther Securities P L C | 13.76m | 14.08m | 52.33m | 18.00 | 3.73 | 0.4538 | 7.42 | 3.80 | 0.8044 | 0.8044 | 0.7863 | 6.61 | 0.071 | 16.60 | 4.33 | 764,444.40 | 7.26 | 3.70 | 7.67 | 4.20 | 57.77 | 68.49 | 102.30 | 53.50 | 0.823 | -- | 0.3755 | 32.30 | 1.81 | 0.7083 | 25.71 | -4.43 | 97.44 | 0.00 |
| Alternative Income REIT PLC | 8.05m | 2.71m | 54.90m | 0.00 | 20.25 | 0.8356 | -- | 6.82 | 0.0337 | 0.0337 | 0.0999 | 0.8162 | 0.0729 | -- | 29.20 | -- | 2.46 | 2.21 | 2.52 | 2.26 | 91.30 | 93.27 | 33.70 | 32.78 | -- | 1.76 | 0.383 | 172.58 | 9.61 | 19.19 | -139.80 | -- | -- | 11.95 |
| Real Estate Investors PLC | 11.51m | -9.41m | 59.98m | 7.00 | -- | 0.6243 | -- | 5.21 | -0.0543 | -0.0543 | 0.0666 | 0.5527 | 0.0672 | 0.9331 | 4.07 | 1,644,714.00 | -5.49 | -0.1469 | -7.35 | -0.1696 | 80.61 | 85.19 | -81.71 | -2.07 | 0.1754 | 0.4147 | 0.3628 | -- | -13.39 | -5.95 | -186.03 | -- | -- | -5.79 |
| Town Centre Securities Plc | 30.81m | -17.67m | 61.14m | 129.00 | -- | 0.4931 | -- | 1.98 | -0.3675 | -0.3675 | 0.6418 | 2.94 | 0.1023 | -- | 10.33 | 238,806.20 | -5.87 | -2.91 | -6.59 | -3.45 | 49.10 | 53.74 | -57.35 | -39.21 | -- | 0.4552 | 0.5661 | -- | 7.90 | 0.1223 | -367.81 | -- | 11.12 | -13.70 |
| Schroder European Real Est Invt Tr PLC | 16.87m | -8.05m | 86.30m | 0.00 | -- | 0.587 | -- | 5.12 | -0.0602 | -0.0602 | 0.1261 | 1.10 | 0.075 | -- | 1.54 | -- | -3.58 | 3.51 | -3.94 | 3.70 | 72.55 | 73.13 | -47.71 | 49.61 | -- | 0.5335 | 0.3004 | 127.86 | 8.33 | -2.48 | -167.06 | -- | -- | 3.84 |
| Residential Secure Income PLC | 33.55m | -23.15m | 89.99m | 0.00 | -- | 0.5335 | -- | 2.68 | -0.125 | -0.125 | 0.1812 | 0.911 | 0.0821 | 18.41 | 78.58 | -- | -5.67 | 0.9337 | -6.05 | 0.9671 | 55.18 | 48.02 | -69.01 | 10.76 | 0.3939 | 0.4958 | 0.5585 | 258.05 | 5.57 | 26.35 | -273.65 | -- | -- | 43.82 |
| Palace Capital PLC | 30.74m | -23.54m | 93.15m | 11.00 | -- | 0.8471 | -- | 3.03 | -0.5349 | -0.5349 | 0.7189 | 2.93 | 0.1579 | -- | 17.09 | 2,794,636.00 | -12.09 | -1.16 | -13.03 | -1.27 | 45.47 | 61.39 | -76.56 | -12.18 | -- | 0.2991 | 0.1543 | -- | -32.80 | 14.53 | -245.45 | -- | -42.11 | -8.78 |
| Capital & Regional plc | 62.90m | -8.60m | 117.18m | 248.00 | -- | 0.4993 | -- | 1.86 | -0.0464 | -0.0464 | 0.3936 | 1.04 | 0.1377 | -- | 7.27 | 253,629.00 | -1.88 | -9.32 | -2.13 | -10.21 | 45.31 | 56.82 | -13.67 | -98.53 | -- | 0.5932 | 0.5364 | -- | 10.99 | -7.44 | 129.94 | -25.04 | 3.13 | -38.05 |
| Regional REIT Ltd | 53.72m | -67.46m | 123.52m | 0.00 | -- | 0.4035 | -- | 2.30 | -0.1308 | -0.1308 | 0.1042 | 0.5935 | 0.0636 | -- | 1.70 | -- | -7.99 | -2.43 | -8.80 | -2.60 | 91.40 | 92.02 | -125.57 | -38.64 | -- | 0.3904 | 0.5825 | -- | -14.25 | -0.2425 | -3.52 | -- | -- | -8.16 |
| Holder | Shares | % Held |
|---|---|---|
| Schroder & Co. Ltd.as of 23 Oct 2023 | 22.30m | 12.04% |
| Close Asset Management Ltd.as of 30 Sep 2023 | 18.43m | 9.95% |
| CG Asset Management Ltd.as of 29 Feb 2024 | 11.82m | 6.39% |
| Valu-Trac Investment Management Ltd.as of 29 Feb 2024 | 11.49m | 6.20% |
| West Yorkshire Pension Fundas of 30 Sep 2023 | 9.75m | 5.27% |
| Schroder Investment Management Ltd.as of 30 Jun 2023 | 5.92m | 3.20% |
| City Asset Management Plcas of 21 Nov 2023 | 4.37m | 2.36% |
| BlackRock Advisors (UK) Ltd.as of 02 Apr 2024 | 3.17m | 1.71% |
| Beckett Asset Management Ltd.as of 30 Nov 2023 | 2.22m | 1.20% |
| BlackRock Investment Management (UK) Ltd.as of 31 Mar 2024 | 1.91m | 1.03% |
