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) | +44 (0)20 3100 2222 |
| Investment Manager: | RECIIR@cheynecapital.com (Cheyne) | +44 (0)20 7968 7450 |
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