Resilient REIT Limited (RES.JO)

Resilient REIT Limited (RES.JO) — VMCI valuation read

Headline read on RES.JO: VMCI of 55/100 versus a Real Estate sector median of 50. The 5-point above-median position is what makes Resilient REIT Limited a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on RES.JO: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on RES.JO: value (RES.JO trades at 23.0x earnings, 28% above the Real Estate median of 18.0x), quality (ROIC of 11.0% sits 1.0pp above the Real Estate median (10.0%)), and risk (net debt to EBITDA of 3.3x is the binding constraint on the bear case). The value read also implies an EV/EBITDA gap of +4.0x against the Real Estate 12.0x baseline.

RES.JO rose 0.5% over the trailing 7 days, with a -17.1% read on a 30-day basis.