Residential Secure Income net asset value falls; dividend flat
Residential Secure Income PLC on Friday announced an unchanged annual dividend as net asset value fell during its financial year.
The investor in retirement living and shared ownership, which is now progressing a managed wind-down strategy, said net asset value per share was 72.5 pence at September 30, down 11% from 81.6p a year prior.
EPRA net tangible assets total return was minus 9.6% in the financial year ended September 30, compared to minus 3.7% a year ago.
Loss from changes in fair value of investment properties was £20.6 million in financial 2025, widening from £12.8 million. Net rental income fell 1.3% to £18.7 million from £18.9 million.
The company declared an interim dividend of 1.03 pence per share, unchanged from a year prior.
Chair Robert Whiteman said: ‘ReSI continues to operate against a backdrop of sustained market headwinds that have weighed on listed investment trusts since 2022, and despite the strong underlying performance of our long-term, inflation-linked portfolio, ReSI has continued to trade at a significant discount to NAV.’
The total dividend for financial 2025 is 4.12p, unchanged.
Residential Secure shares fell 1.5% to 56.34 pence each on Friday around noon in London.
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