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29 Apr 2026 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 2026 is now available on the Company's website at:
https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
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 (Cheyne) | +44 (0)20 7968 7450 |
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