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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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.50 | 0.40% | 125.00 | 124.50 | 125.00 | 125.00 | 124.00 | 124.00 | 218,147 | 15:52:34 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | 31.36M | 21.86M | 0.0970 | 12.89 | 280.42M |
Real Estate Credit Investments Limited
Investment Manager Fact Sheet
Real Estate Credit Investments Limited (the "Company" or "RECI"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 31 December 2024 is now available on the Company's website at:
https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
As at 31 December 2024, the Company was invested in a diversified portfolio of 221 investments with a valuation of £297.6m. The Company's cash balance was £32.2m and net effective leverage was 15.3%.
An interim dividend of 3p per share was declared on 28 November 2024, to be paid on 3 January 2025 to Ordinary Shareholders on the register at the close of business on 6 December 2024.
During the month, RECI was fully repaid at par its position in a senior development loan secured against a logistics platform in France. RECI received c.£8.6m of gross proceeds and achieved an unlevered gross IRR of 9.5%.
A full attribution of changes in the NAV per share is presented in the table:
November NAV |
147.1p |
Interest income |
0.9p |
Asset valuations |
0.3p |
FX |
0.1p |
Expenses |
-0.4p |
Dividend |
-3.0p |
December NAV |
145.0p |
1 Note that two position where RECI had investment in both equity and debt have now been combined for reporting purposes. As a result, the number of positions reported in this period has reduced by 3, with only one position representing a repayment.
For further information please contact:
Broker: |
Darren Vickers / Alex Collins (Panmure Liberum) |
+44 (0)20 3100 2222 |
Investment Manager: |
RECIIR@cheynecapital.com (Cheyne) |
+44 (0)20 7968 7450 |
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