StockMarketWire.com - Real estate investment trust Residential Secure Income (RESI) has reported a total return of 8p per share for the 12 months to the end of September 2019 in its annual results statement.

The group has recorded a total return of 18% since listing on the London Stock Exchange in 2017, delivering on its 8% a year return target.

The REIT also reported significant growth in operating earnings per share to 2.9p, up from 0.9p at 30 September 2018, reflecting the ongoing ramp up of rental income.

The portfolio's valuation rose by 3.9%, or £8.7m, primarily due to inflation-linked rent increases and long-term lease extensions in its retirement portfolio. NAV rose to 108.6p per share.

RESI declared a total dividend for the period of 5p per share, in line with its target.


At 9:00am: [LON:RESI] Residential Secure Income Plc share price was +0.9p at 91.4p



Story provided by StockMarketWire.com