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Residential Secure Income (RESI) investor relations material
Residential Secure Income H2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Approved managed wind-down strategy after persistent discount to NAV and inability to scale, with 99.7% shareholder support in December 2024.
Focused on orderly asset realisation and capital return, balancing shareholder value and resident protection.
Both retirement and shared ownership portfolios under offer, with sales processes in exclusivity and due diligence ongoing.
Financial highlights
Adjusted EPRA earnings per share rose 11% to 5.7p year-over-year; dividend coverage increased to 137%.
IFRS loss per share improved to -4.9p from -5.4p; recurring profit before fair value changes/disposals up 11% to £10.5mn.
EPRA NTA per share fell 15.1% to 63.3p; IFRS NAV per share down 11.1% to 72.5p.
Portfolio value declined to £287mn from £326mn, reflecting a 6.2% like-for-like reduction in property values.
Annualised net rental income increased to £16.9mn; net rental yield at 5.8%.
Outlook and guidance
Board expects most efficient capital return via Redeemable Bonus Share Scheme as asset sales complete.
Dividend payments to be reviewed quarterly, considering REIT requirements, asset realisations, and profitability.
Confident in disciplined execution of disposals and ongoing operational stewardship to deliver value.
- TimeTickerHeadlineOpen
- 6 FebHTOO
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Q2 FY26 recurring revenue grew 8% and adjusted EPS guidance was raised to 9-12%. - 6 FebFFWM
Merger vote includes new non-voting stock class with limited conversion and no voting rights. - 6 FebKKR
Charter amendments seek to modernize governance and establish one share, one vote by 2026. - 6 FebARI
Proposed $9B real estate loan portfolio acquisition highlights disciplined, long-term strategy. - 6 FebSMCI
Q2 revenue jumped 123% to $12.7B, with FY26 guidance raised to at least $40B. - 6 FebRJF
Record revenues and assets, higher dividend, and acquisitions despite lower net income. - 6 FebFFIE
Raising capital for global EV and AI expansion, with regulatory and dilution risks highlighted.
Next Residential Secure Income earnings date
Next Residential Secure Income earnings date
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