London · Delayed Price · Currency is GBP · Price in GBX Residential Secure Income Company Description
Residential Secure Income plc (ReSI or the Company) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.
ReSI’s subsidiary, ReSI Housing Limited (ReSI Housing), is registered as a for-profit Registered Provider of social housing and so provides an attractive 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.
On 6 December 2024, shareholders voted for and accepted a new investment objective which seeks to realize all the existing assets in the Company’s portfolio in an orderly manner.
The Company will pursue its investment objective by effecting an orderly realization of its assets while seeking to balance maximizing returns for shareholders against timing of disposals whilst ensuring the interests of residents are protected.
Capital expenditure will be permitted where it is deemed necessary or desirable in connection to the realization, primarily where such expenditure is necessary to protect or enhance an asset’s realizable value, to comply with statutory or regulatory obligations, to protect other stakeholders, to comply with the terms of any funding arrangement or to facilitate orderly disposals.
| Country | United Kingdom |
| Founded | 2017 |
| Industry | REIT - Residential |
| Sector | Real Estate |
Contact Details
Address: The Pavilions Bristol, BS13 8FD United Kingdom | |
| Phone | 44 20 7382 0900 |
| Website | greshamhouse.com |
Stock Details
| Ticker Symbol | RESI |
| Exchange | London Stock Exchange |
| Fiscal Year | October - September |
| Reporting Currency | GBP |
| ISIN Number | GB00BYSX1508 |
| SIC Code | 6798 |
Key Executives
| Name | Position |
|---|---|
| Mike Adams | Managing Director of Real Estate - Gresham House Plc |
| Rupert Guy Robinson | Managing Director of Gresham House |
| Heather Fleming | Managing Director of Institutional Business |
| Chris Elliott | Managing Director of Wholesale Distribution |
| Sandeep Patel | Finance Director of Housing - Gresham House |