However, the report has warned that RSLs need to plan to respond to future financial risks and challenges. 

The Regulator’s report is the outcome of its national analysis of RSL finances for 2019-20 and the immediate financial impact of the pandemic on RSLs.

Shaun Keenan, assistant director of financial regulation, said: “At March 2020 most Registered Social Landlords (RSLs) were managing their resources to ensure their financial well-being, while maintaining rents at affordable levels.

“So, RSLs entered the pandemic in a strong financial position and, based on the 2020/21 monthly returns, have coped well over the last year with the short term financial impact of the pandemic. That said, RSLs are likely to face considerable challenges as they recover out of the pandemic in managing their resources to ensure their financial well-being, while maintaining rents at a level that tenants can afford to pay.”