Fact Sheet Announcement

Real Estate Credit Investments Ltd

11 March 2024

 

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 29 February 2024 is now available on the Company's website at:

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

-	As at 29 February 2024, the Company was invested in a diversified portfolio of 32 investments with a valuation of £306.2m.
-	During the month, RECI was fully repaid at par its position in two Spanish deals: firstly, a senior loan secured against a PBSA development in Pamplona; and secondly, a senior loan secured against PBSA accommodation in Seville. RECI received c.£11m net of leverage.
-	RECI continues to use its cash to invest in its existing commitments in highly accretive wider opportunities in senior mortgage lending.
-	Cash Balance as at 29 February 2024 was £28.7m.
-	A full attribution of changes in the NAV per share is presented in the table:

January NAV	145.5p
Interest income	0.8p
Asset valuations	0.4p
FX	0.1p
Expenses	(0.2)p
February NAV	146.6p

For further information please contact:

Broker:	Richard Crawley / Edward Mansfield (Liberum Capital)	[phone]
Investment Manager:	Richard Lang (Cheyne)	[phone]

 

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