Real Estate Credit Investments Provides Fact Sheet Update
Why we think this is neutral
The RNS appears to be a routine regulatory announcement providing an update on the company's investment portfolio and NAV. There are no indications of any material financial impact or changes to the business. The update shows a diversified investment portfolio, healthy cash balance, and a slight increase in NAV per share, with no significant red flags or concerning insights identified.
Key Points
- Diversified portfolio of 22 investments valued at £299.1m
- Cash balance of £23.6m and net effective leverage of 18.5%
- NAV per share increased from 145.0p in December to 145.2p in January
Summary
Real Estate Credit Investments Limited (RECI) has provided a monthly Fact Sheet update as at 31 January 2025. The company's investment portfolio consists of 22 investments valued at £299.1m, with a cash balance of £23.6m and net effective leverage of 18.5%. The NAV per share increased slightly from 145.0p in December to 145.2p in January, with the change attributed to interest income, asset valuations, FX, and expenses.