Residential Secure Income (LON:RESI) Announces Quarterly Earnings Results

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

Residential Secure Income Stock Performance

Residential Secure Income stock opened at GBX 55.39 on Thursday. The company has a market cap of £102.56 million, a P/E ratio of -11.30 and a beta of 0.44. Residential Secure Income has a one year low of GBX 49 and a one year high of GBX 62.40. The business has a fifty day moving average of GBX 52.73 and a two-hundred day moving average of GBX 54.58.

Residential Secure Income Company Profile

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.