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17 Apr 2025 07:00
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
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 (Cheyne) | +44 (0)20 7968 7450 |
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