Fact Sheet Announcement
Source: RNS
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 2026 is now available on the Company's website at:
https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
MONTHLY UPDATE
As at 31 March 2026, the Company was invested in a diversified portfolio of 26 investments with a valuation of £282.2m. The Company's available cash was £13.8m, net effective leverage was 31.6% and it has £15.2m invested in Cash Equivalents (MMF).
In March, RECI announced a 3.0p dividend per share which was paid in early April 2026. Additionally, 650,000 shares were bought back.
At year end, RECI also reviewed and released prepayments and has written-off accruals which has resulted in a positive movement in the P&L.
|
February NAV |
141.6p |
|
Interest income |
1.0p |
|
Asset valuations |
(1.5)p |
|
FX |
0.0p |
|
Expenses |
(0.2)p |
|
Accruals write-off |
0.4p |
|
Dividend |
(3.0)p |
|
Share buybacks |
0.1p |
|
March NAV |
138.4p |
ASSET VALUATIONS
Movements in NAV due to asset valuations amounted to negative £3.3m in the month. These related primarily to the valuation of the equity upside on UK assets due to extended hold periods and a write down to one of the defaulted French office loans.
|
Asset Valuations |
|
|
French Offices |
(0.7)p |
|
UK Flex Living |
(0.7)p |
|
UK Student Accom |
(0.1)p |
|
Total |
(1.5)p |
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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