# Real estate income investment hits 9.3% dividend (LON:RECI)

- Link: https://www.directorstalkinterviews.com/real-estate-income-investment-hits-9.3-dividend-lonreci/4121132267
- Published: 2023-11-09T11:38:26+00:00
- Author: Amilia Stone

**[Real Estate Credit Investments Ltd](https://www.directorstalkinterviews.com/company/real-estate-credit-investments/reci.l)**(
[LON:RECI](https://www.directorstalkinterviews.com/company/real-estate-credit-investments/reci.l)),
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:

[reci-fact-sheet_31-october-2023_final](https://www.directorstalkinterviews.com/wp-content/uploads/2023/11/reci-fact-sheet_31-october-2023_final.pdf)
[Download](https://www.directorstalkinterviews.com/wp-content/uploads/2023/11/reci-fact-sheet_31-october-2023_final.pdf)

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](https://www.directorstalkinterviews.com/company/real-estate-credit-investments-reci/reci.l))
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.

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