REG - Real Estate Credit - Fact Sheet Announcement

Real Estate Credit InvestmentsAnnouncement

29/04/2026 07:00

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RNS Number : 2776C  Real Estate Credit Investments Ltd  29 April 2026

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
(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)

 

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

 

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