Residential Secure Income has seen a 10% boost in income over the past quarter to £1.9m.
The social, affordable, and retirement home investor said that 99% of rent had been collected over the period, while NAV had marginally risen to £180.5m from £179.7m.
The Gresham House-owned property portfolio comprises 3,059 homes with a value of £348m, up 1% on a like-for-like basis since the last quarter.
Ben Fry, Gresham’s head of housing investment, said: “ReSI has had another good quarter [and…] the secular tailwinds remain strong.”
He added: “A growing need for high-quality, affordable housing in the UK has been reinforced by recent increases in house prices and the disruption that the Covid-19 pandemic has caused to working patterns.
“Meanwhile the nation’s ageing population continues to drive demand for affordable retirement housing. ReSI’s portfolio is well positioned to meet these needs and provide shareholders with stable, inflation-linked income.”
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