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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Real Estate Credit Investments Limited | LSE:RECI | London | Ordinary Share | GB00B0HW5366 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.00 | 0.85% | 118.00 | 117.50 | 118.00 | 118.00 | 117.00 | 117.00 | 406,366 | 16:35:23 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 30.67M | 20.55M | 0.0896 | 13.11 | 269.47M |
Real Estate Credit Investments Limited
Investment Manager Fact Sheet
Real Estate Credit Investments Limited (the "Company"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 31 March 2024 is now available on the Company's website at:
https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
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As at 31 March 2024, the Company was invested in a diversified portfolio of 31 investments with a valuation of £304.8m. |
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An interim dividend of 3p per share was declared on 22 February 2024, to be paid to shareholders on the register at the close of business on 15 March 2024; the ex-dividend date was 14 March and it was paid on 5 April. |
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During March, RECI was fully repaid at par its position in a senior facility for a UK industrial site development. RECI received net proceeds of c.£12m and achieved an IRR of 9.2% for a deal with an LTV at inception of 59.3%. |
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RECI continues to use its cash to invest in its existing commitments in highly accretive wider opportunities in senior mortgage lending. |
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Cash Balance as at 31 March 2024 was £23.9m. Net effective leverage currently stands at 1.2%. |
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A full attribution of changes in the NAV per share is presented in the table: |
February NAV |
146.6p |
Interest income |
1.6p |
Asset valuations |
-0.6p |
FX |
0.1p |
Expenses |
-0.2p |
Dividend Payment |
-3.0p |
March NAV |
144.5p |
For further information please contact:
Broker: |
Richard Crawley / Edward Mansfield (Liberum Capital) |
+44 (0)20 3100 2222 |
Investment Manager: |
IR@CheyneCapital.com (Cheyne) |
+44 (0)20 7968 7450 |
1 Year Real Estate Credit Inves... Chart |
1 Month Real Estate Credit Inves... Chart |
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