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 29 February 2024 is now available on the Company’s website at:
| – | 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 |
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.
