Residential Secure Income plc

Delivering secure income by investing in a portfolio of
shared ownership and rental homes

Delivering secure income by investing in a portfolio of
shared ownership and rental homes

Residential Secure Income plc (LSE: RESI) is a real estate investment trust (REIT) listed on the premium segment of the Main Market of the London Stock Exchange, investing in affordable, high quality, safe homes.

Residential Secure Income plc’s (ReSI plc) fund objective is to deliver secure, inflation-linked returns through investing in affordable shared ownership and retirement rentals across the UK.

ReSI plc targets a secure, long term, inflation-linked annual dividend of 5.0 pence per share per annum (paid quarterly) and an annual total return in excess of 8.0%.*

ReSI plc aims to make a meaningful contribution to alleviating the UK housing shortage by 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.

*These are targets only and not profit forecasts.

Why invest in ReSI plc?

  • ReSI plc’s investment team has a 20-year track record financing and advising the affordable housing sector
  • A UK REIT focused on delivering secure inflation-linked income
  • Focus on two resilient sub-sectors in UK residential, shared ownership and Independent retirement living, underpinned by an ageing demographic and untapped, strong demand for affordable home ownership
  • Expecting 5p per share full dividend cover from July 2021
  • Social impact maximised through a sustainable investment approach, with unique proprietary customer and environmental charters
  • Unique platform for investment:
    ‒ UK’s largest provider of independent retirement rental management services
    ‒ Wholly-owned registered provider of social housing, ReSI Housing Limited
    ‒ Innovative ultra long-term funding programme

Investment approach

ReSI plc’s purpose is to increase the provision of affordable housing by providing long-term capital to developers, housing associations and local authorities.

This allows affordable, high quality, safe homes to be delivered whilst ensuring long-term stability of tenure for residents, and attractive and secure income for shareholders

The key differentiators of ReSI plc’s investment approach are:

  • Secure rents underpinned by pensions, housing welfare or shared owner stakes
  • Incredibly diversified income stream from thousands of homes and residents
  • Over £30k of government subsidy received for each new affordable home we deliver via ReSI Housing Limited, our wholly-owned for-profit Registered Provider of social housing, allowing us to provide c.30% lower rents to residents compared to private rented housing*
  • Unique proprietary Customer and Environmental Charters maximises social impact
  • Long-term investment grade equivalent debt funding with an Average 22-year maturity with a unique £300m facility with 0.5% coupon**

*Source: Gresham House
**Source: Gresham House, as at 31 December 2021

Investment process

How to invest

ReSI plc shares are traded openly on the London Stock Exchange and can be purchased through a stockbroker or other financial intermediary.

The shares are available through savings plans (including Investment Dealing Accounts, ISAs, Junior ISAs and SIPPs) which facilitate both regular monthly investments and lump sum investments in the ReSI plc’s shares. There are a number of investment platforms that offer these facilities. An example can be found below:

Computershare – Share Dealing Service

A quick and easy share dealing service is available to existing shareholders through the ReSI plc’s Registrar, Computershare Investor Services, to either buy or sell shares. An online and telephone dealing facility provides an easy to access and simple to use service.

For further information on this service please visit www.computershare.trade or call 0370 703 0084 (calls are charged at a standard geographic rate and will vary by provider. Calls outside the United Kingdom are charged at the applicable international rate). Lines are open from 8.00am to 4.30pm Monday to Friday (excluding public holidays in England and Wales).

Before you can trade you will need to register for the service. Shareholders should have their Shareholder Reference Number (‘SRN’) available. The SRN appears on share certificates and it will be required as part of the registration process.

Our Registered Provider

Residential Secure Income plc’s (ReSI plc) wholly-owned subsidiary, ReSI Housing Limited (ReSI Housing) is authorised and regulated by the Regulator of Social Housing as a for-profit Registered Provider of social housing. Being a Registered Provider also allows the acquisition of properties designated as affordable accommodation or funded by government grant, expanding the range of opportunities available.

ReSI Housing Limited

A wholly-owned subsidiary of Residential Secure Income plc (ReSI) and is registered with the Regulator of Social Housing as a for-profit Registered Provider of social housing.

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Board

ReSI Housing Limited Directors

Investment Committee

Investment team

Investor relations queries

Computershare Investor Services plc
The Pavilions, Bridgwater Road, Bristol BS99 6ZZ

T: 0370 889 3181
W: www.investorcentre.co.uk

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