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Residential Secure Income
(LSE:RESI)
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Rating:60Neutral
Price Target:
8.50 p
▲(12.14% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily driven by mixed financial performance: strong, consistent cash generation and a markedly improved (debt-free) balance sheet are tempered by contracting revenue and ongoing net losses. Technicals are moderately supportive with the price above key moving averages, and valuation is helped by a high dividend yield but constrained by negative earnings.
Positive Factors
Debt-free balance sheet
The elimination of reported debt materially improves financial resilience and reduces interest and refinancing risk. This gives the REIT greater flexibility to manage assets, fund obligations, and withstand periods of weaker operating performance.
Negative Factors
Sharp revenue contraction
Two consecutive years of significant revenue decline weaken earnings visibility and suggest pressure on portfolio income or asset activity. Continued contraction could reduce cash generation, limit distributions, and make the business more dependent on balance-sheet strength.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
The elimination of reported debt materially improves financial resilience and reduces interest and refinancing risk. This gives the REIT greater flexibility to manage assets, fund obligations, and withstand periods of weaker operating performance.
Read all positive factors
Residential Secure Income (RESI) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£18.34M
Dividend Yield295.34%
Average Volume (3M)900.56K
Price to Earnings (P/E)―
Beta (1Y)0.75
Revenue Growth-2.03%
EPS Growth9.21%
CountryUK
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryREIT - Residential
Share Statistics
EPS (TTM)-0.05
Shares Outstanding251,266,510
10 Day Avg. Volume704,290
30 Day Avg. Volume900,556
Financial Highlights & Ratios
PEG Ratio1.27
Price to Book (P/B)0.79
Price to Sales (P/S)3.57
P/FCF Ratio7.50
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Residential Secure Income Business Overview & Revenue Model
Company Description
Operating as a real estate investment trust (REIT), Residential Secure Income plc (ReSI) focuses on providing consistent income returns. It achieves this by strategically investing in affordable residential assets, including Shared Ownership schem...
Residential Secure Income Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
62
Positive
Cash Flow
66
Positive
| Breakdown | Sep 2025 | Sep 2024 | Sep 2023 | Sep 2022 | Sep 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 29.84M | 30.46M | 33.55M | 31.79M | 39.60M |
| Gross Profit | 17.46M | 17.57M | 16.70M | 15.67M | 13.37M |
| EBITDA | -3.30M | 9.38M | -71.99M | 16.34M | 9.70M |
| Net Income | -9.13M | -10.05M | -23.15M | 13.33M | 11.22M |
Balance Sheet | |||||
| Total Assets | 333.63M | 369.32M | 389.43M | 427.53M | 389.71M |
| Cash, Cash Equivalents and Short-Term Investments | 7.56M | 5.41M | 3.22M | 12.74M | 5.69M |
| Total Debt | 190.03M | 208.49M | 213.34M | 221.05M | 199.55M |
| Total Liabilities | 199.39M | 218.32M | 220.75M | 226.14M | 207.32M |
| Stockholders Equity | 134.24M | 151.00M | 168.68M | 201.39M | 182.39M |
Cash Flow | |||||
| Free Cash Flow | 14.22M | 17.90M | 16.82M | 43.29M | 51.77M |
| Operating Cash Flow | 14.22M | 17.90M | 16.82M | 14.13M | 19.96M |
| Investing Cash Flow | 20.56M | 8.44M | -7.07M | -28.93M | -32.61M |
| Financing Cash Flow | -32.56M | -24.05M | -16.93M | 22.42M | 9.80M |
Residential Secure Income Technical Analysis
Neutral
7.58
Price Trends
6.97
Positive
6.65
Positive
6.58
Positive
Market Momentum
0.14
Positive
51.17
Neutral
33.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:RESI, the sentiment is Neutral. The current price of 7.58 is above the 20-day moving average (MA) of 7.33, above the 50-day MA of 6.97, and above the 200-day MA of 6.58, indicating a neutral trend. The MACD of 0.14 indicates Positive momentum. The RSI at 51.17 is Neutral, neither overbought nor oversold. The STOCH value of 33.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:RESI.
Residential Secure Income Peers Comparison
UnderperformOutperform
Sector (55)
GB:RESI
Residential Secure Income
7.30
0.84
13.04%
GB:GRI
Grainger
166.10
-12.95
-7.23%
GB:PSDL
Phoenix Spree Deutschland Ltd
157.50
2.33
1.50%
Residential Secure Income Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Residential Secure Income Completes Share Premium Cancellation
Neutral
Aug 28, 2026
Residential Secure Income plc has confirmed that the cancellation of its share premium account, previously approved by shareholders in July and sanctioned by the High Court in August, became effective when the court order and updated statement of ...
Business Operations and StrategyDividendsM&A Transactions
Residential Secure Income Launches Initial £38m Capital and Income Return Under B Share Scheme
Positive
Aug 14, 2026
Residential Secure Income plc has initiated its B Share Scheme to return capital following the strategic sale of its Retirement Group to Living REIT plc for £108.3 million, of which £45 million was cash. After transaction costs and settl...
Business Operations and StrategyDividends
Residential Secure Income Sets Timetable for Living REIT Share Distribution
Neutral
Aug 12, 2026
Residential Secure Income plc has updated shareholders on the distribution of additional consideration arising from its previously announced retirement disposal. The deferred amount has been settled through the allotment of 888,896 ordinary shares...
Business Operations and StrategyDividendsM&A Transactions
RESI Advances Retirement Disposal Distributions and Shared Ownership Sale
Positive
Jul 31, 2026
Residential Secure Income plc has completed the retirement portfolio disposal and distributed new Living REIT shares to its investors, with an additional 888,896 Living REIT shares now due to be issued to its subsidiary and passed on in‑spec...
Business Operations and StrategyM&A Transactions
Residential Secure Income advances wind-down with Living REIT share and cash distributions
Positive
Jul 20, 2026
Residential Secure Income plc has completed the Retirement Disposal of its retirement portfolio, receiving £62.3 million in newly issued Living REIT plc shares and £45 million in cash through its subsidiary ReSI Portfolio Holdings Limite...
Business Operations and StrategyM&A Transactions
Residential Secure Income to Complete Strategic Sale of Retirement Portfolio to Living REIT
Positive
Jul 15, 2026
Residential Secure Income PLC has confirmed that all conditions have been satisfied for the strategic disposal of its retirement housing portfolio to Living REIT PLC, with completion scheduled for 16 July 2026. The portfolio comprises 1,907 senior...
Business Operations and StrategyPrivate Placements and FinancingShareholder Meetings
ReSI shareholders back capital overhaul and new investment policy
Positive
Jul 8, 2026
Residential Secure Income plc announced that shareholders overwhelmingly approved all six resolutions at a 8 July general meeting, with around 58.6% of issued share capital voting. The decisions included adopting new articles of association and ca...
Business Operations and StrategyStock Buyback
ReSI Pays Fund Manager Fee in Shares Amid Ongoing Portfolio Wind-Down
Neutral
Jul 2, 2026
Residential Secure Income plc has purchased 127,785 Ordinary Shares on the secondary market to satisfy the equity portion of its fund management fee owed to Gresham House Asset Management. The shares, acquired at an average price of 55.6 pence, ar...
Business Operations and StrategyDividendsFinancial Disclosures
ReSI Secures Portfolio Exits as Earnings Hold Up During Managed Wind-Down
Neutral
Jun 24, 2026
Residential Secure Income reported resilient interim results for the six months to 31 March 2026 as it continues an orderly wind-down of its portfolios, with adjusted earnings up 4% to £5.2m, full rent collection and like-for-like rental grow...
Business Operations and StrategyM&A TransactionsShareholder Meetings
Residential Secure Income Sets Vote on Asset Sale and Capital Return Plan
Neutral
Jun 19, 2026
Residential Secure Income has called a general meeting for 8 July 2026 after publishing a circular outlining plans tied to the agreed sale of its entire retirement housing portfolio to Social Housing REIT. The company is seeking shareholder approv...
Business Operations and StrategyM&A Transactions
ReSI Agrees £108m Sale of Retirement Portfolio to Social Housing REIT
Neutral
Jun 17, 2026
Residential Secure Income has agreed to sell its retirement portfolio, comprising 1,907 senior living rental flats and 256 housing manager units, to Social Housing REIT for about £108.3 million, with the price subject to a completion accounts...
Business Operations and StrategyM&A Transactions
ReSI Agrees £108m Sale of Retirement Portfolio to Social Housing REIT
Neutral
Jun 17, 2026
Residential Secure Income has agreed to sell its Retirement Group, comprising nearly 2,200 senior living and housing manager flats, to Social Housing REIT for an aggregate consideration of about £108.3 million, part in cash and part in SOHO s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.