Residential Secure Income (LON:RESI) Posts Earnings Results

Residential Secure Income (LON:RESI) released its quarterly earnings results on Wednesday. The company reported GBX (5.40) (($0.07)) earnings per share for the quarter, Digital Look Earnings reports. Residential Secure Income had a negative return on equity of 2.24% and a negative net margin of 11.24%.

Residential Secure Income Trading Up 1.8 %

Shares of LON RESI traded up GBX 1 ($0.01) during trading hours on Friday, reaching GBX 56.80 ($0.70). The stock had a trading volume of 257,504 shares, compared to its average volume of 264,830. The firm has a market cap of £105.17 million, a price-to-earnings ratio of -2,840.00 and a beta of 0.21. The company has a current ratio of 1.05, a quick ratio of 0.83 and a debt-to-equity ratio of 140.63. Residential Secure Income has a 52-week low of GBX 45 ($0.56) and a 52-week high of GBX 62 ($0.77). The business’s fifty day moving average price is GBX 58.16 and its two-hundred day moving average price is GBX 55.40.

About Residential Secure Income

Residential Secure Income plc (ReSI or the Company) (LSE: RESI) is a real estate investment trust (REIT) focused on delivering secure, inflation-linked returns in two sub-sectors in UK residential housing; independent retirement rentals and shared ownership, which are underpinned by an ageing demographic and untapped, strong demand for affordable homes.