StockMarketWire.com - Residential Secure Income said it posted a net asset value total return of 9.5% in its maiden annual results announcement.

For increase, over the the period from 12 July 2017 to 30 September 2018, exceeded the 8.0%-plus target set at the company's initial public offering.

It was driven by a 7.0% uplift in the value of its portfolio to £225.2m compared to acquisition cost.

The company declared total dividends of 3.0p per share, in line with its IPO target.

'After a slower than expected start, the pace of investment accelerated significantly in the second half of the period and has continued since, allowing us to build a large and diverse portfolio of high quality, immediately income producing properties,' Jonathan Slater, chief executive of fund manager ReSI Capital Management said.




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