REG - Real Estate Credit - Fact Sheet Announcement

Real Estate Credit InvestmentsAnnouncement

17/04/2025 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250417:nRSQ3529Fa&default-theme=true

RNS Number : 3529F  Real Estate Credit Investments Ltd  17 April 2025

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
(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 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:  RECIIR@cheynecapital.com (mailto:RECIIR@cheynecapital.com)  +44 (0)20 7968 7450
                      (Cheyne)

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  DOCUNUNRVNUSAAR