RECI Q1 9.5% high yield dividend shares thriving on strong loan demand

Real Estate Credit Investments
[shareaholic app="share_buttons" id_name="post_below_content"]

Real Estate Credit Investments Ltd (LON:RECI), a stable quarterly paying high yield dividend UK share, has announced that the Investment Manager’s Q1 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: Q1 Investor Presentation Extract

Key Quarter Updates

•    Portfolio

–     Total NAV Return for the quarter: +2.0%
–     No defaults in the portfolio
–     Rotation of market bond portfolio into strong senior loans with attractive returns
–     During the quarter, two UK loans and one Portuguese loan fully repaid, realising net proceeds of £28.2m, and providing headroom to invest in new deals at enhanced IRRs

•    Cash

–     Cash reserves remain targeted at between 5% to 10% of NAV
–     As at 30 June 2023, cash was £27.8m.

•    Dividend

–     Dividends maintained at 3p per quarter, 9.5% yield, based on share price, as at 30 June 2023
–     Dividend predominantly covered by interest income

•    Opportunities

–     The present macroeconomic backdrop is set to continue through 2023, resulting in further constraints in bank lending and alternative sources of capital. The opportunity to provide senior loans at low risk points, for higher margins, is increasingly evident
–     The Company expects to deploy its currently available cash resources to its near term commitments and towards a compelling emerging opportunity set in senior loans

Real Estate Credit Investments Limited (LON:RECI) is a closed-end investment company that specialises in European real estate credit markets. Their primary objective is to provide attractive and stable returns to their shareholders, mainly in the form of quarterly dividends, by exposing them to a diversified portfolio of real estate credit investments.

Twitter
LinkedIn
Facebook
Email
Reddit
Telegram
WhatsApp
Pocket
Find more news, interviews, share price & company profile here for:
Real Estate Credit Investments Limited (LON:RECI) clinches the Best Specialist Debt Investment fund 2024 award, excelling in European real estate credit.
Real Estate Credit Investments names Mark Thompson as independent non-executive director, effective November 2024, enhancing board expertise.
Explore strategic insights from top funds like Fidelity Special Values and JPMorgan European Discovery, highlighting real estate credit and Asian markets.
Hardman & Co analyst Mark Thomas delves into Real Estate Credit Investments' strategic shifts, market outlook, and risk factors in a detailed interview.
Real Estate Credit Investments Ltd (LON:RECI) sees its discount halved due to strategic actions and favorable market shifts, enhancing investor outlook.
Real Estate Credit Investments Limited updates its September 2024 Fact Sheet, correcting investment valuations from £308.5m to £306.8m post-revaluation.

Search

Search