⌘K
t
| TIDM | RECI |
| Share Price | Loading... |
| Market Cap | Loading... |
Real Estate Credit Investments Limited (RECI) announced on 09 July 2024 the availability of its Investment Manager's monthly Fact Sheet as at 30 June 2024. As of 30 June 2024, RECI held a portfolio of 26 investments valued at £303.9m, had a cash balance of £24.7m, and reported net effective leverage of 0.7%. During June, RECI received c.£12.4m gross proceeds from a fully repaid senior development loan, achieving an unlevered gross IRR of 7.5%, and its NAV per share for June was 147.9p, up from 147.1p in May.
| Date | 9 Jul 2024 |
| Time | 07:00:11 |
| Category | Miscellaneous |
| ID | 5644V |
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 30 June 2024 is now available on the Company's website at:
https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
|
- |
As at 30 June 2024, the Company was invested in a diversified portfolio of 26 investments with a valuation of £303.9m. |
|
- |
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.£12.4m of gross proceeds and achieved an unlevered gross IRR of 7.5%. |
|
- |
Cash Balance as at 30 June 2024 was £24.7m. Net effective leverage is 0.7%. |
|
- |
RECI continues to use its cash to invest into new and existing loan commitments. |
|
- |
A full attribution of changes in the NAV per share is presented in the table: |
|
May NAV |
147.1p |
|
Interest income |
0.8p |
|
Asset valuations |
-0.1p |
|
FX |
0.1p |
|
Buyback |
0.2p |
|
Expenses |
-0.2p |
|
June NAV |
147.9p |
For further information please contact:
|
Broker: |
Darren Vickers (Panmure Liberum) |
+44 (0)20 3100 2222 |
|
Investment Manager: |
RECIIR@cheynecapital.com (Cheyne) |
+44 (0)20 7968 7450 |