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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
- DNLM
Sales and digital growth, margin expansion, and strategic investments drive strong FY25 results. - DNLM
Sales up 3.8% to £1,771m, profit before tax £211m, digital sales 40%, market share 7.9%. - 9412
Profits and equity improved, with upward revisions to full-year forecasts and new subsidiaries added. - NVDA
AI is transforming enterprises by enabling intent-driven innovation and technology-first strategies. - DNLM
H1 sales up 3.6% to £926m; digital mix 41%; PBT to hit lower end of consensus. - CRW
Double-digit growth, strong cash flow, and new leadership drive confidence for FY25. - 7011
Strong revenue and profit growth in FY2025, with raised guidance and key divestiture impact. - 8053
Profit attributable to owners dipped 1.9% despite higher revenues and strong FX gains. - 323410
Strong growth in customers, profits, and deposits, with stable asset quality and global milestones. - 3407
Net income rose 22.7% year-over-year, with improved financials and a revised upward forecast.
Next Residential Secure Income earnings date
Next Residential Secure Income earnings date
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