Fact Sheet Announcement

Source: RNS
RNS Number : 5644V
Real Estate Credit Investments Ltd
09 July 2024
 

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

 

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As at 30 June 2024, the Company was invested in a diversified portfolio of 26 investments with a valuation of £303.9m.

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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%.

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RECI continues to use its cash to invest into new and existing loan commitments.

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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

 

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