Residential Secure Income REIT has reported consistent results driven by strength in its retirement portfolio.
Its portfolio value was £262.3m, reflecting a 0.5% like-for-like increase. It attributed this to inflation-linked rental increases in the portfolio.
ReSI reported £1.2m in net income for the period.
At the end of the period, its NAV was £184.5m, up from £184.1m. Its IFRA NAV sat at 107.9p per share against 107.7p per share in the previous quarter.
The portfolio will be boosted in autumn 2019 with a £60m increase, when the acquisition of 132 shared-ownership homes at Clapham Park completes.
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