Residential Secure Income (LON:RESI) Issues 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 net margin of 11.24% and a negative return on equity of 2.24%.

Residential Secure Income Stock Up 3.0 %

RESI stock opened at GBX 55.64 ($0.69) on Wednesday. The company has a market cap of £103.02 million, a price-to-earnings ratio of -2,781.95 and a beta of 0.21. The company has a debt-to-equity ratio of 140.63, a quick ratio of 0.83 and a current ratio of 1.05. The business’s 50-day moving average is GBX 58.24 and its two-hundred day moving average is GBX 55.32. Residential Secure Income has a fifty-two week low of GBX 45 ($0.55) and a fifty-two week high of GBX 62 ($0.76).

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.