Investment Trusts

Real Estate Credit Investments Limited

RECI:LSE

Real Estate Credit Investments Limited

Actions
  • Price (GBX)130.00
  • Today's Change0.00 / 0.00%
  • Shares traded141.28k
  • 1 Year change-2.62%
  • Beta0.6717
Data delayed at least 20 minutes, as of Sep 17 2024 16:35 BST.
More ▼
Find More Stocks
Find More Stocks
Use our equities screener to discover other potential opportunities.
 
Equities ScreenerGo to the Equities Screener

Profile data is unavailable for this security.

About the company

Real Estate Credit Investments Limited is a Guernsey-based closed-end investment company. The investment objective of the Company is to provide shareholders with attractive and stable returns, primarily in the form of quarterly dividends, by exposure to a diversified portfolio of real estate credit investments, predominantly comprising real estate loans and bonds. It invests in real estate debt secured by commercial or residential properties in the United Kingdom and Western European countries, focusing primarily on those countries where it sees the changing dynamics in the real estate debt market offering a sustainable deal flow for the foreseeable future. Its segments include the Bilateral Loan and Bond Portfolio and the Market Bond Portfolio. It invests in various sectors, such as hotels, mixed-use, student accommodation, residential, office, co-living, leisure, later living, housebuilding and others. Its alternative investment fund manager is Cheyne Capital Management (UK) LLP.

  • Revenue in GBP (TTM)31.36m
  • Net income in GBP21.86m
  • Incorporated2005
  • Employees0.00
More ▼

Profile

Management group(s)Cheyne Capital Management Ltd
AIC sectorProperty - Debt
ISINGB00B0HW5366
Launch date13 Dec 2005
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Investment Objective of the Company is to provide Shareholders with attractive and stable returns, primarily in the form of quarterly dividends. The Company invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom and France.

Managed by

Ravi Stickney, Daniel Schuldes, Arron Taggart, Raphael Smadja

Management & contract fees

Management Fee at 1.25% of NAV. Performance fee is calculated as ((Adjusted performance NAV - NAV per share at the beginning of the performance period increased by an annual rate of 7%) x 20%) x the time weighted average number of core shares in issue in the period since the starting date. Contract terminable on notice period of 24 months.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Tufton Oceanic Assets Ltd30.08m26.71m267.86m0.0010.180.8374--8.900.12840.12840.14221.560.0907--1,973.76--8.0513.448.2213.5191.0293.8388.7992.67----0.0047.80-101.69---102.31------
Intuitive Investments Group PLC824.00k-865.00k270.06m0.0045.990.8642--327.740.0290.0290.00921.540.0051--0.446---0.5376---0.5378-------104.98-----72.290.00---97.38---179.33------
BlackRock Frontiers Investment Trust PLC68.55m56.25m270.69m0.004.810.9003--3.950.29710.29710.36211.590.233--16.16--19.125.7520.215.9784.6076.9882.0669.39--608.250.0000575.08385.55--303.03----1.57
Hansa Investment Company Ltd96.05m91.42m272.40m0.003.000.6046--2.840.76210.76210.80063.790.2336--120.74--22.237.8222.267.8696.9391.7995.1887.61----0.0013.641,346.5733.62858.2538.27---27.52
Montanaro European Smllr Cmpns Trst PLC18.37m14.63m273.72m0.0018.710.8753--14.900.07720.07720.0971.650.0577--20.82--4.598.054.718.2185.4490.1079.6486.27----0.0298.07194.29-3.86163.12-5.86--4.56
Jpmorgan Asia Growth & Income PLC-1.58m-5.83m274.99m0.00--0.8883-----0.0564-0.0564-0.01743.88-0.0044-------1.623.33-1.633.34--86.59--77.27----0.00123.48136.64-3.51129.28-4.21--0.00
Henderson High Income Trust plc26.02m21.42m287.48m0.0010.120.9749--11.050.1650.1650.20041.710.0966--12.94--7.955.258.996.0184.6483.5382.3380.33----0.08287.42445.51--294.34----1.52
Real Estate Credit Investments Ltd31.36m21.86m288.46m0.0013.620.8971--9.200.09540.09540.13711.450.0813--9.12--5.674.166.595.2586.5984.3969.6966.65----0.0679157.962.264.416.352.59--0.00
Schroder Japan Trust PLC50.89m46.93m289.81m0.006.330.9106--5.690.39160.39160.4242.720.1462--41.73--13.483.0814.453.2295.3083.0492.2172.54----0.117559.39413.872.39904.202.78----
CQS New City High Yield Fund Ltd23.30m17.90m292.10m0.0015.341.09--12.540.03380.03380.04490.4750.0829--4.30--6.373.167.273.6681.6476.6576.8268.52----0.1215191.840.3139-11.61-20.26-22.57--0.3148
STS Global Income & Growth Trust PLC13.66m10.38m295.97m0.0020.511.03--21.670.11220.11220.14482.240.0435--0.4468--3.306.033.896.4484.3790.6175.9883.15----0.046843.251,268.61-10.02337.80-12.45--0.9112
Gore Street Energy Storage Fund PLC2.27m-5.66m298.01m0.00--0.5512--131.43-0.0114-0.01140.00471.070.0041--3.65---1.038.42-1.038.48--82.25-249.5681.03----0.0092.68-96.91---108.92----13.40
Gresham House Energy Storage Fund PLC-100.10m-110.11m301.60m0.00--0.4106-----0.1945-0.1945-0.17871.29-0.1263-------13.90---13.92--------------0.00---144.40---150.71------
Literacy Capital PLC29.26m20.88m303.58m0.0014.590.9619--10.380.34570.34570.48525.240.0913--91.78--6.52--6.64--90.24--71.36----18.580.0246--------------
Third Point Investors Ltd87.76m70.38m306.27m0.008.081.32--3.492.762.763.3416.990.2034--9,283.06--16.315.6516.335.6582.2159.6780.2054.59----0.00--117.15--104.50------
Brooks Macdonald Group plc128.26m6.46m306.43m509.0049.072.0118.132.390.3790.3797.839.25----------8.25--9.90----5.0312.33----0.024474.773.623.96-64.421.981.608.87
Data as of Sep 17 2024. Currency figures normalised to Real Estate Credit Investments Limited's reporting currency: UK Pound GBX
Data Provided by LSEG
All markets data located on FT.com is subject to the FT Terms & Conditions
All content on FT.com is for your general information and use only and is not intended to address your particular requirements. In particular, the content does not constitute any form of advice, recommendation, representation, endorsement or arrangement by FT and is not intended to be relied upon by users in making (or refraining from making) any specific investment or other decisions.
Any information that you receive via FT.com is at best delayed intraday data and not "real time". Share price information may be rounded up/down and therefore not entirely accurate. FT is not responsible for any use of content by you outside its scope as stated in the FT Terms & Conditions.