Residential Secure Income has reported that its net asset value hit 101.9p per share at the end of June, up from 98.8p per share at the end of March, off the back of a revaluation of its property portfolio.
This increase in the portfolio valuation was driven by the social housing investment firm’s extension of its leasehold interests in 1,003 retirement properties during June and net rental income from acquisitions.
The total return over the period was 3.9%, taking the total since the REIT’s admission to the stock exchange in July last year to 5.5%.
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