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

Residential Secure Income (LON:RESI) announced its earnings results on Wednesday. The company reported GBX 0.60 EPS for the quarter, Digital Look Earnings reports. The firm 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 Price Performance

LON RESI opened at GBX 54.40 on Wednesday. The business has a 50 day simple moving average of GBX 52.72 and a 200 day simple moving average of GBX 54.60. The stock has a market capitalization of £100.73 million, a P/E ratio of -11.10 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.

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.