Residential Secure Income plc
Residential Secure Income plc is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns with a focus on two residential sub-sectors in UK residential - independent retirement rentals and shared ownership - underpinned by an ageing demographic and untapped and strong demand for affordable home ownership. ReSI plc's purpose is to deliver affordable, high-qualit… Read more
Residential Secure Income plc (RESI) - Net Assets
Latest net assets as of March 2025: GBX140.76 Million GBX
Based on the latest financial reports, Residential Secure Income plc (RESI) has net assets worth GBX140.76 Million GBX as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (GBX338.70 Million) and total liabilities (GBX197.95 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | GBX140.76 Million |
| % of Total Assets | 41.56% |
| Annual Growth Rate | 238.06% |
| 5-Year Change | -15.93% |
| 10-Year Change | N/A |
| Growth Volatility | 291994.48 |
Residential Secure Income plc - Net Assets Trend (2017–2024)
This chart illustrates how Residential Secure Income plc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Residential Secure Income plc (2017–2024)
The table below shows the annual net assets of Residential Secure Income plc from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | GBX151.00 Million | -10.48% |
| 2023-09-30 | GBX168.68 Million | -16.24% |
| 2022-09-30 | GBX201.39 Million | +10.41% |
| 2021-09-30 | GBX182.39 Million | +1.55% |
| 2020-09-30 | GBX179.61 Million | -3.29% |
| 2019-09-30 | GBX185.71 Million | +1.15% |
| 2018-09-30 | GBX183.60 Million | +834440.91% |
| 2017-06-30 | GBX22.00K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Residential Secure Income plc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 14278200000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | GBX142.75 Million | 94.54% |
| Common Stock | GBX1.94 Million | 1.29% |
| Other Components | GBX6.31 Million | 4.18% |
| Total Equity | GBX151.00 Million | 100.00% |
Residential Secure Income plc Competitors by Market Cap
The table below lists competitors of Residential Secure Income plc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SmileDirectClub Inc.
PINK:SDCCQ
|
$13.36K |
|
0041B0
KQ:0041B0
|
$13.37K |
|
LAND3F
SA:LAND3F
|
$13.38K |
|
JHSF3F
SA:JHSF3F
|
$13.38K |
|
Wam Global Ltd
AU:WGB
|
$13.31K |
|
Vietnam Engine and Agricultural Machinery Corporation Ltd Co
VN:VEA
|
$13.30K |
|
MHP Hotel AG
XETRA:CDZ0
|
$13.30K |
|
Bairaha Farms PLC
CM:BFLN0000
|
$13.28K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Residential Secure Income plc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 168,679,000 to 151,001,000, a change of -17,678,000 (-10.5%).
- Net loss of 10,048,000 reduced equity.
- Dividend payments of 7,626,000 reduced retained earnings.
- Share repurchases of 346,000 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | GBX-10.05 Million | -6.65% |
| Dividends Paid | GBX7.63 Million | -5.05% |
| Share Repurchases | GBX346.00K | -0.23% |
| Other Changes | GBX342.00K | +0.23% |
| Total Change | GBX- | -10.48% |
Book Value vs Market Value Analysis
This analysis compares Residential Secure Income plc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 64.50x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-06-30 | GBX0.00 | GBX52.60 | x |
| 2018-09-30 | GBX1.03 | GBX52.60 | x |
| 2019-09-30 | GBX1.08 | GBX52.60 | x |
| 2020-09-30 | GBX1.05 | GBX52.60 | x |
| 2021-09-30 | GBX1.07 | GBX52.60 | x |
| 2022-09-30 | GBX1.12 | GBX52.60 | x |
| 2023-09-30 | GBX0.91 | GBX52.60 | x |
| 2024-09-30 | GBX0.82 | GBX52.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Residential Secure Income plc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -32.98%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 2.45x
- Recent ROE (-6.65%) is below the historical average (1.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 8.78% | 154.65% | 0.04x | 1.46x | GBX-2.25 Million |
| 2019 | 7.13% | 90.30% | 0.04x | 1.77x | GBX-5.34 Million |
| 2020 | 1.36% | 39.12% | 0.02x | 1.98x | GBX-15.51 Million |
| 2021 | 6.15% | 82.95% | 0.03x | 2.14x | GBX-7.02 Million |
| 2022 | 6.62% | 86.50% | 0.04x | 2.12x | GBX-6.80 Million |
| 2023 | -13.73% | 0.00% | -0.05x | 2.31x | GBX-40.02 Million |
| 2024 | -6.65% | -32.98% | 0.08x | 2.45x | GBX-25.15 Million |
Industry Comparison
This section compares Residential Secure Income plc's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $475,519,692
- Average return on equity (ROE) among peers: 6.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Residential Secure Income plc (RESI) | GBX140.76 Million | 8.78% | 1.41x | $13.34K |
| Empiric Student Property Plc (ESP) | $664.76 Million | 8.24% | 0.59x | $64.65K |
| KCR Residential Reit PLC (KCR) | $12.65 Million | 2.59% | 1.16x | $429.68 |
| PRS Reit PLC (PRSR) | $785.38 Million | 9.81% | 0.56x | $75.52K |
| Triple Point Social Housing REIT PLC (SOHO) | $439.29 Million | 5.67% | 0.60x | $36.67K |