REG - Real Est Crd InvsLtd - Fact Sheet Announcement

Real Estate Credit InvestmentsAnnouncement

11/03/2024 07:00

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RNS Number : 2004G  Real Estate Credit Investments Ltd  11 March 2024

Real Estate Credit Investments Limited

 

Investment Manager Fact Sheet

 

Real Estate Credit Investments Limited (the "Company"), a non-cellular company
incorporated in Guernsey, is pleased to announce that its Investment Manager's
monthly Fact Sheet as at 29 February 2024 is now available on the Company's
website at:

 

https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
(https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Frealestatecreditinvestments.com%2Finvestors%2Ffact-sheets%2F%23currentPage%3D1&data=05%7C01%7CKitten.Ozanne%40aztecgroup.co.uk%7Cc57d48098cc044cef33c08db46fca8cf%7C5f75785019e44329bc48045f1fe3eecd%7C0%7C0%7C638181823255240174%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=JzKf39S6BljvT2QFxbzoEHbH6r8sSJr4LQWAgj3xfgk%3D&reserved=0)

 

 -                            As at 29 February 2024, the Company was invested in a diversified portfolio of
                              32 investments with a valuation of £306.2m.
 -                            During the month, RECI was fully repaid at par its position in two Spanish
                              deals: firstly, a senior loan secured against a PBSA development in Pamplona;
                              and secondly, a senior loan secured against PBSA accommodation in Seville.
                              RECI received c.£11m net of leverage.
 -                            RECI continues to use its cash to invest in its existing commitments in highly
                              accretive wider opportunities in senior mortgage lending.
 -                            Cash Balance as at 29 February 2024 was £28.7m.
 -                            A full attribution of changes in the NAV per share is presented in the table:

 

 January NAV       145.5p
 Interest income   0.8p
 Asset valuations  0.4p
 FX                0.1p
 Expenses          (0.2)p
 February NAV      146.6p

 

 

For further information please contact:

 

 Broker:              Richard Crawley / Edward Mansfield (Liberum Capital)  +44 (0)20 3100 2222
 Investment Manager:  Richard Lang (Cheyne)                                 +44 (0)20 7968 7328

 

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