Real Estate Credit Investments Limited (LON:RECI), a stable quarterly-paying high dividend stock, announced that its Investment Manager’s monthly Fact Sheet as at 30 June 2024 is now available:
| – | 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 |
Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.
