RECI HY2023 Report: Over 9% regular high dividend real estate stock

Real Estate Credit Investments Ltd (LON:RECI) has announced the release of the Company’s Condensed Unaudited Interim Financial Statements for the six months ended 30 September 2023.

The company has also declared a second interim dividend of 3.0 pence per Ordinary Share (a total amount of GBP 6,879,974.34) for the year ending 31 March 2024. The dividend is to be paid on 5 January 2024 to Ordinary Shareholders on the register at the close of business on 8 December 2023. The ex-dividend date is 7 December 2023.

OVERVIEW

AS AT 30 SEPTEMBER 2023

Overview and Highlights

· Defensive credit exposure to UK and Western European real estate credit markets

  • Stable and uninterrupted dividends delivered consistently since October 2013

· Granular portfolio with detailed disclosure

  • 45 positions
  • Diverse portfolio across sectors and geography

· Attractive and stable income in a changing interest rate environment

  • Consistent portfolio yield of 7%+ offering a buffer to risk-free rates
  • A high-yielding portfolio, combined with a short weighted average life, ensures minimal exposure to yield widening and the ability to redeploy at higher rates quickly

· Access to Cheyne’s established real estate investment team and substantial origination pipeline

Key Figures

  • Total Assets £408.5m (31 March 2023: £419.0m)
  • NAV per share £1.48 (31 March 2023: £1.47)
  • Net Assets £338.8m (31 March 2023: £337.0m)
  • Net Profit £15.6m (Full year ended 31 March 2023: £20.6m profit)
Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
X
LinkedIn

More articles like this

European commercial real estate surges

Discover the flourishing European commercial real estate market at MIPIM 2025. Investment volumes set to exceed €50 billion with lucrative opportunities ahead.

Commercial Real Estate lending surges

Commercial real estate lending surged in the final quarter of 2024, driven by a substantial influx of capital and robust market fundamentals. With a wave of maturing debt on the horizon, 2025 is poised for even

Investing in a changing landscape

Discover unparalleled opportunities in Europe’s distressed debt landscape with Real Estate Credit Investments Ltd. (LON:RECI) as they navigate changing economic sectors.

Driving growth and sustainability

The real estate credit sector continues to play a pivotal role in the global economy, acting as a cornerstone for property acquisition, development, and investment. By providing individuals and organisations with access to financing, real estate

The evolving landscape of Real Estate Credit

The real estate credit sector has been a cornerstone of financial growth and stability, bridging the gap between property investment and accessible financing. In recent years, this segment of the market has evolved significantly, driven by