Residential Secure Income (LON:RESI) Issues Earnings Results

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

Residential Secure Income Price Performance

LON:RESI opened at GBX 56 ($0.69) on Friday. The company has a quick ratio of 0.83, a current ratio of 1.05 and a debt-to-equity ratio of 140.63. The business’s 50-day moving average price is GBX 58.16 and its 200 day moving average price is GBX 55.40. Residential Secure Income has a 52-week low of GBX 45 ($0.56) and a 52-week high of GBX 62 ($0.77). The firm has a market cap of £103.69 million, a P/E ratio of -2,800.00 and a beta of 0.21.

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.