Real estate investment funds UK: RECI pipeline grows, February Factsheet

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 28 February 2023:

The highlights of the monthly update are provided below:

·   NAV as at 28 February 2023 was £1.505 per share, representing an increase of 1.0p per share from the 31 January 2023 NAV of 1.495 per share.
·   The change in NAV per share was due to 1.0p of interest income.
·   During the month, the fund was fully repaid at par in its position (1.7m EUR factored notional) in an Italian CMBS deal backed by five Italian shopping centres.
·   In February, a dividend of 3.0p per share was declared, the ex-date was 2 March 2023.
·   The Company expects to deploy its currently available cash resources in near term commitments and continues to see a growing pipeline of senior loans at attractive floating rates.

Real Estate Credit Investments (LON:RECI) is a regular dividend-paying, closed-ended investment company which originates and invests in real estate debt secured by commercial or residential properties in Western Europe, focusing primarily on the United Kingdom, France and Germany.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn

More articles like this

How the pandemic reshaped the UK housing market

It’s now almost three years since the onset of the pandemic, when the UK was thrust into lockdown for the first time. One of its many impacts was to transform the UK’s property market almost overnight – prompting

UK house prices rise as mortgage rate cuts lift confidence

UK house prices picked up in February from the previous month as recent reductions in mortgage rates helped to stabilise the market, according to the lender Halifax. The average house price rose 1.1% to £285,476 last month compared

RECI high dividend perfect fit for property ISA investments

Real Estate Credit Investments Ltd (LON:RECI) announced on Thursday 23rd February that it has declared a third interim dividend of 3.0 pence per Ordinary Share (a total amount of GBP 6,879,974.34) for the year ending 31 March 2023.

Hopes high for level UK property market in 2023

UK property markets will hopefully flatten out in 2023, according to a property expert as the country left behind an unsteady year in which prices went up and down. In the last year, rising mortgage rates and costs

The housing market has started to recover

The housing market has begun to recover after hitting a low point in the second week of November. We’re not out of the woods yet, but homebuyers are coming off the sidelines: The number of Redfin customers requesting

Property income fund RECI Q3: 9% yield, low LTV exposure

Real Estate Credit Investments Limited (LON:RECI) has announced that the Investment Manager’s Q3 Investor Presentation is now available: An extract from the Summary section of the presentation is set out for investors in the Appendix to this announcement. Appendix:

House prices see biggest New Year bounce in three years

Many home-movers have already been putting their 2023 moving plans into action, with average asking prices seeing the biggest New Year bounce in three years.   Our monthly House Price Index has the most up-to-date monthly data on asking prices in

Majority of property investors set to further invest in 2023

The uncertainty of the UK’s economic stability is now becoming an increasingly prominent factor for those operating in the real estate market, despite this, 50.45% of the over 1,000 property investors polled indicated that they are looking to

Real estate investment fund, RECI total NAV return 5.9% in 2022

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 December 2022 is now available: The highlights of the monthly update are provided below:

Upside potential for housing market in 2023

Rising mortgage interest rates clobbered the single family housing market in 2022, leading to transaction volumes falling sharply and small declines in prices. The market in 2023 will most likely weaken, but some upward potential must be considered—even by those

No more posts to show