Real Estate Credit Investments Limited (LON:RECI), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager’s monthly Fact Sheet as at 31 March 2026 is now available
MONTHLY UPDATE
As at 31 March 2026, the Company was invested in a diversified portfolio of 26 investments with a valuation of £282.2m. The Company’s available cash was £13.8m, net effective leverage was 31.6% and it has £15.2m invested in Cash Equivalents (MMF).
In March, RECI announced a 3.0p dividend per share which was paid in early April 2026. Additionally, 650,000 shares were bought back.
At year end, RECI also reviewed and released prepayments and has written-off accruals which has resulted in a positive movement in the P&L.
| February NAV | 141.6p |
| Interest income | 1.0p |
| Asset valuations | (1.5)p |
| FX | 0.0p |
| Expenses | (0.2)p |
| Accruals write-off | 0.4p |
| Dividend | (3.0)p |
| Share buybacks | 0.1p |
| March NAV | 138.4p |
ASSET VALUATIONS
Movements in NAV due to asset valuations amounted to negative £3.3m in the month. These related primarily to the valuation of the equity upside on UK assets due to extended hold periods and a write down to one of the defaulted French office loans.
| Asset Valuations | |
| French Offices | (0.7)p |
| UK Flex Living | (0.7)p |
| UK Student Accom | (0.1)p |
| Total | (1.5)p |
