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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 March 2025 is now available on the Company's website at:
https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
As at 31 March 2025, the Company was invested in a diversified portfolio of 21 investments with a valuation of £292.2m. The Company's available cash was £25.6m and net effective leverage was 16.2%.
During the month, RECI received par repayments in two positions:
· Senior Loan for development of Hotels in Finland: received net proceeds of c.£9.5m and achieved a gross levered IRR of 10.7%.
· Senior Loan for the development of a hotel in Dublin: received net proceeds of c.£5.6m and achieved a gross levered IRR of 8.5%.
Additionally, the Company invested £1.5m (net) into a new deal for the redevelopment of a 4-star hotel located in Courchevel, France.
A full attribution of changes in the NAV per share is presented in the table:
|
February NAV |
145.9p |
|
Interest income |
1.1p |
|
Asset valuations |
-0.5p |
|
FX |
0.1p |
|
Expenses |
-0.2p |
|
Dividend |
-3.0p |
|
March NAV |
143.4p |
For further information please contact:
|
Broker: |
Darren Vickers / Alex Collins (Panmure Liberum) |
+44 (0)20 3100 2222 |
|
Investment Manager: |
[email protected] (Cheyne) |
+44 (0)20 7968 7450 |
| TIDM | RECI |
| Share Price | GBX 117.32-0.43% |
| Market Cap | £269.05m |
Real Estate Credit Investments Limited (RECI) announced the availability of its 31 March 2025 Investment Manager's monthly Fact Sheet. As of this date, RECI's portfolio comprised 21 investments valued at £292.2m, with £25.6m in available cash and net effective leverage of 16.2%. During March, RECI received c.£9.5m and c.£5.6m from two loan repayments (gross levered IRRs of 10.7% and 8.5% respectively) and invested £1.5m (net) into a new deal, resulting in its NAV per share moving from 145.9p in February to 143.4p in March, attributed to factors including 1.1p from interest income and -3.0p from dividend.
| Date | 17 Apr 2025 |
| Time | 07:00:11 |
| Category | Miscellaneous |
| ID | 3529F |