Residential Secure Income Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags

Simply Wall St
1-min read
In this article:

Residential Secure Income (LON:RESI) Full Year 2022 Results

Key Financial Results

  • Revenue: UK£31.8m (down 20% from FY 2021).

  • Net income: UK£13.3m (up 19% from FY 2021).

  • Profit margin: 42% (up from 28% in FY 2021).

  • EPS: UK£0.074 (up from UK£0.066 in FY 2021).

RESI Net Asset Value

  • Net asset value (NAV) per share: UK£1.09 (up 2.1% from FY 2021).

    • The current share price is 22% lower than NAV per share.

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Residential Secure Income Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 6.3%. Earnings per share (EPS) missed analyst estimates by 46%.

Looking ahead, revenue is expected to decline by 29% p.a. on average during the next 2 years, while revenues in the REITs industry in the United Kingdom are expected to grow by 5.8%.

Performance of the British REITs industry.

The company's shares are down 3.2% from a week ago.

Risk Analysis

You should learn about the 5 warning signs we've spotted with Residential Secure Income (including 1 which is potentially serious).

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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