NAV at the group, which invests in affordable shared ownership, retirement and Local Authority housing, fell to 107.7p a share at the end of December, compared to 108.6p on 30 September.
ReSI’s portfolio value stood at £260.3m, down £500,000, as the VAT resulted in increased service charges payable by Resi during the quarter.
The group paid an interim dividend of 1.25p a share for the period, in line with the target of 5p a share for the current financial year.
Source: Residential - propertyweek.com
