RECI reports November NAV of 142.4p and maintains quarterly dividend

Real Estate Credit Investments

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 30 November 2025 is now available:

MONTHLY UPDATE

As at 30 November 2025, the Company was invested in a diversified portfolio of 24 investments with a valuation of £281.9m. The Company’s available cash was £31.8m and net effective leverage was 28.0%.

In the month, a Core+ senior loan for hotels and spas in the UK was fully repaid and realised £19.6m gross proceeds (7.0% IRR), and £35.7m was committed into a senior profit participating loan to refinance the same portfolio of assets.

October NAV141.5p
Interest income1.0p
Asset valuations(0.1)p
FX0.1p
Expenses(0.1)p
November NAV142.4p

ASSET VALUATIONS

Movements in NAV due to asset valuations amounted to negative £0.1m in the month. These related primarily to the write downs to the French office loans.

Asset Valuations 
French Offices(0.3)p
Other0.2p
Total(0.1)p
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