Residential Secure Income (LON:RESI) Issues Earnings Results

Residential Secure Income (LON:RESI) posted its quarterly earnings results on Wednesday. The company reported GBX 0.60 earnings per share for the quarter, Digital Look Earnings reports. The business had revenue of GBX 1,491 million for the quarter. Residential Secure Income had a negative return on equity of 6.64% and a negative net margin of 30.59%.

Residential Secure Income Stock Up 0.7%

Residential Secure Income stock opened at GBX 54.40 on Wednesday. The stock has a market cap of £100.73 million, a P/E ratio of -11.10 and a beta of 0.44. Residential Secure Income has a twelve month low of GBX 49 and a twelve month high of GBX 62.40. The company’s 50-day moving average price is GBX 52.72 and its two-hundred day moving average price is GBX 54.60.

About Residential Secure Income

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) 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. Our purpose is to deliver affordable, high-quality, safe homes with great customer service and long-term stability of tenure for residents. We achieve this through meeting demand from housing developers (housing associations, local authorities and private developers) for long-term investment partners to accelerate the development of socially and economically beneficial affordable housing.