11 Dec 2023 07:00
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 30 November 2023 is now available on the Company's website at:
https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
As at 30 November 2023, the Company was invested in a diversified portfolio of 35 investments with a valuation of £322.6m.
Due to severe disruption in the German real estate and banking market from the collapse of Signa, RECI has reassessed the recovery valuation on a legacy mezzanine position exposed to a Berlin asset. RECI has therefore conservatively marked this asset down, reporting (but not realising) a small loss equivalent to 1.1p per share against the NAV.
Cash Balance as at 30 November 2023 was £16.9m.
RECI continues to take advantage of the highly accretive wider opportunities in senior mortgage lending.
A dividend of 3.0p per share was declared on 29 November 2023, to be paid on 5 January 2024.
A full attribution of changes in the NAV per share is presented in the table:
October NAV | 148.4p |
Interest income | 1.0p |
Asset valuations | (1.1)p |
FX | 0.1p |
Expenses | (0.3)p |
November NAV | 148.1p |
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 |
Real Est.cred (RECI)