Real Estate Credit Investments Ltd (LON:RECI), a non-cellular company incorporated in Guernsey, has announced that its Investment Manager’s monthly Fact Sheet as at 31 October 2023 is now available:
As at 31 October 2023, the Company was invested in a diversified, partially inflation protected portfolio of 36 investments with a valuation of £321.4m.
RECI continues to take advantage of the highly accretive wider opportunities in senior mortgage lending, with continued transition from its Market Bonds into attractive yielding Senior Loans. Despite wider market challenges in October, RECI successfully realised £5.9m (net of repo financing) of value from its Market Bond portfolio, realising a small loss equivalent to 0.4p per share against the NAV; these proceeds will be reinvested in senior secured mortgage loans on attractive terms.
Cash Balance as at 31 October 2023 was £22.7m.
A full attribution of changes in the NAV per share is presented in the table:
| September NAV | 147.7p |
| Interest income | 1.1p |
| Asset valuations | (0.4)p |
| FX | 0.1p |
| Expenses | (0.2)p |
| October NAV | 148.4p |
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.
