Business
Clarification following regulator's report
Clarification following regulator's report.
About this update from Residential Secure Income Plc
[{"type":"text","content":"\n \nRNS Number : 9700V Residential Secure Income PLC 12 April 2019 \n\n12 April 2019\n \nResidential Secure Income plc\n \nClarification following publication of regulator's report\n \nResidential Secure Income plc (\"ReSI\") (LSE: RESI), which invests in affordable shared ownership, retirement and local authority housing, notes the report \"Lease-based providers of specialist supported housing\" (\"the Report\") published on 4 April 2019 by the Regulator of Social Housing. \n \nFor clarification, ReSI has never had any exposure to the specialised supported housing sector, the subject of the Report. ReSI's strict investment strategy means its acquisitions are limited to those assets with sufficient cashflows, counterparty credit quality and property security to be capable of supporting long-term investment grade equivalent debt. Accordingly, ReSI's Housing Association partners are typically large, credit-worthy institutions who own significant portfolios of property, currently including Places for People, owning or managing 198,000 homes and rated G1/V1, and Metropolitan Thames Valley, owning or managing 57,000 homes and rated G1/V2.\n \n-End-\n \nFOR FURTHER INFORMATION, PLEASE CONTACT: \n \n\n\n\n\nReSI Capital Management Limited / TradeRisks Limited \nBen Fry \nJonathan Slater\nMark Rogers\nAlex Pilato\nRichard Stubbs\n\n\n+44 (0) 20 7382 0900\n \n \n \n\n\n\n\n \nJefferies International Limited \nStuart Klein\nGary Gould\n\n\n \n+44 (0) 20 7029 8000\n\n\n\n\n \nFTI Consulting \nRichard Sunderland\nClaire Turvey\nRichard Gotla\n\n\n \n+44 (0) 20 3727 1000\nEmail: [email protected]\n\n\n\n\n \n\n\n \n\n\n\n\n \nAbout Residential Secure Income plc\n \nResidential Secure Income plc (LSE: RESI) is listed on the premium segment of the Official List of the UK Listing Authority and was admitted to trading on the Main Market of the London Stock Exchange in July 2017.\n \nReSI has been established to invest in shared ownership and rental portfolios of Homes across residential asset classes that comprise the stock of Housing Associations and Local Authorities throughout the UK. To date it has committed c. £300 million, comprising a portfolio of 2,674 properties, across a mixture of shared ownership, loc...