Real Estate Credit Investments (LON:RECI) Issues Earnings Results

Real Estate Credit Investments (LON:RECI) released its quarterly earnings results on Thursday. The company reported GBX 6.90 EPS for the quarter, Digital Look Earnings reports. Real Estate Credit Investments had a net margin of 75.80% and a return on equity of 7.08%. The business had revenue of GBX 3,329 million during the quarter.

Real Estate Credit Investments Trading Up 0.4%

LON RECI opened at GBX 115.50 on Friday. The company has a quick ratio of 0.10, a current ratio of 0.30 and a debt-to-equity ratio of 22.25. The firm has a market cap of £255.31 million, a PE ratio of 13.43 and a beta of 0.20. The company has a 50 day moving average price of GBX 117.17 and a 200 day moving average price of GBX 120.81. Real Estate Credit Investments has a 52 week low of GBX 112 and a 52 week high of GBX 132.

Real Estate Credit Investments Company Profile

Real Estate Credit Investments (RECI) is a closed-ended investment company which originates and invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom, France and Spain.

RECI is externally managed by Cheyne Capital’s real estate business which was formed in 2008 and currently manages c. $5bn via private funds and managed accounts. RECI’s overarching aim is to deliver a stable quarterly dividend with minimal volatility, through economic and credit cycles via a levered exposure to real estate credit investments.