9.7% dividend yield! A top UK real estate investment fund (LON:RECI)

Real Estate Credit Investments

Real Estate Credit Investments Limited (LON:RECI), a non-cellular company incorporated in Guernsey, has announced that its Investment Manager’s monthly Fact Sheet as at 31 December 2024 is now available

As at 31 December 2024, the Company was invested in a diversified portfolio of 221 investments with a valuation of £297.6m. The Company’s cash balance was £32.2m and net effective leverage was 15.3%.

RECI’s dividend yield is 9.68% based on a 12p total annual dividend and today’s share price of 124 GBp.

An interim dividend of 3p per share was declared on 28 November 2024, to be paid on 3 January 2025 to Ordinary Shareholders on the register at the close of business on 6 December 2024.

During the month, Real Estate Credit Investments was fully repaid at par its position in a senior development loan secured against a logistics platform in France. RECI received c.£8.6m of gross proceeds and achieved an unlevered gross IRR of 9.5%.

A full attribution of changes in the NAV per share is presented in the table:

November NAV147.1p
Interest income0.9p
Asset valuations0.3p
FX0.1p
Expenses-0.4p
Dividend-3.0p
December NAV145.0p

1 Note that two position where RECI had investment in both equity and debt have now been combined for reporting purposes. As a result, the number of positions reported in this period has reduced by 3, with only one position representing a repayment.

Share on:
Find more news, interviews, share price & company profile here for:

Latest Company News

UK commercial property lending rises 29% as borrowers rush to refinance

UK commercial property lending increased 29% to £28.7 billion, with refinancing driving activity as borrowers prepare for potential interest...

Real Estate Credit Investments reports 10.5% dividend yield and £5m Spanish loan commitment

Real Estate Credit Investments Limited has committed £5 million to a senior development loan for a flex-living scheme in...

Commercial real estate financing set for digital transformation

Digital underwriting, integrated financing and verified investor profiles could make commercial real estate transactions faster and more efficient by...

UK real estate credit offers income opportunities as property finance needs evolve

UK real estate credit offers investors potential income and property-backed security as borrowers seek finance for acquisitions, refinancing and...

Real Estate Credit Investments reports £284.6m portfolio across 23 investments

Real Estate Credit Investments held £284.6 million across 23 investments at the end of August 2026, with an 11.2%...

Investment opportunities emerge as markets enter a new era

Global markets face a less supportive backdrop, but changing economic, technological and geopolitical conditions could create significant opportunities among...

Search