Residential Secure Income plc (RESI)

Overview

Residential Secure Income plc (ReSI), listed on the London Stock Exchange (LSE: RESI), operates as a real estate investment trust (REIT) with a strategic focus on the UK residential housing sector. Specializing in two key sub-sectors, independent retirement rentals and shared ownership, ReSI aims to offer secure, inflation-linked returns. This ambition is anchored in the realities of an ageing demographic and the pressing demand for affordable homes within the United Kingdom. The Company's core purpose revolves around the provision of affordable, high-quality, and safe housing solutions, coupled with excellent customer service and the assurance of long-term stability for its tenants. ReSI distinguishes itself by addressing the need for long-term investment partners among housing developers, including housing associations, local authorities, and private developers, thereby facilitating the accelerated development of socially and economically beneficial affordable housing projects. Another unique aspect of ReSI's operation is its subsidiary, ReSI Housing Limited (ReSI Housing), which functions within the social housing regulatory framework as a for-profit Registered Provider of social housing. This positioning enables ReSI Housing to undertake the acquisition of affordable housing units subject to s106 planning restrictions and those financed through government grants, presenting a distinct value proposition to its partners in the housing development sector.

Products and Services

Residential Secure Income plc (ReSI) offers a focused portfolio of services and investment opportunities within the UK housing market, specifically tailored to meet the needs of an evolving demographic and housing landscape. The following are the key areas of ReSI’s operations:

• Independent Retirement Rentals: This service addresses the housing needs of the ageing population by providing accessible, high-quality rental options that offer stability and community engagement for retirees. Through focusing on this segment, ReSI caters to a demographic trend of an increasingly aged population in need of suitable living arrangements that support independent living along with enhanced security and amenities.
• Shared Ownership: Aimed at assisting individuals and families who are unable to purchase a home outright in the property market, ReSI’s shared ownership initiatives facilitate the acquisition of equity shares in a property, thus bridging the gap between renting and full homeownership. This approach significantly lowers the entry barriers to home ownership, making it a viable option for those seeking affordable housing solutions in a competitive market.
• Partnerships with Housing Developers: ReSI stands out by creating synergistic partnerships with housing developers, including housing associations, local authorities, and private developers. These partnerships are designed to leverage long-term investment opportunities that spur the development of affordable housing projects. Through these collaborations, ReSI contributes to the enhancement of social and economic welfare by increasing the supply of affordable homes.
• ReSI Housing as a Registered Provider: Operating as a for-profit Registered Provider, ReSI Housing offers a unique proposition within the social housing sector. This entity is empowered to acquire affordable housing that is either subject to s106 planning restrictions or funded through government grants. This capability enables ReSI to play a pivotal role in the provision of regulated affordable housing, aligning its operations with broader social objectives and regulatory standards.