Fact Sheet Announcement

Real Estate Credit Investments Ltd

09 July 2024

 

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 30 June 2024 is now available on the Company's website at:

https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1

-	As at 30 June 2024, the Company was invested in a diversified portfolio of 26 investments with a valuation of £303.9m.
-	During the month, RECI was fully repaid at par its position in a senior development loan secured against a logistics platform in France. RECI received c.£12.4m of gross proceeds and achieved an unlevered gross IRR of 7.5%.
-	Cash Balance as at 30 June 2024 was £24.7m. Net effective leverage is 0.7%.
-	RECI continues to use its cash to invest into new and existing loan commitments.
-	A full attribution of changes in the NAV per share is presented in the table:

May NAV	147.1p
Interest income	0.8p
Asset valuations	-0.1p
FX	0.1p
Buyback	0.2p
Expenses	-0.2p
June NAV	147.9p

For further information please contact:

Broker:	Darren Vickers (Panmure Liberum)	[phone]
Investment Manager:	[e-mail] (Cheyne)	[phone]

 

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