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

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

Real Estate Credit Investments Price Performance

Shares of RECI stock opened at GBX 115.62 on Friday. The firm has a market cap of £255.57 million, a price-to-earnings ratio of 13.44 and a beta of 0.20. Real Estate Credit Investments has a 12 month low of GBX 112 and a 12 month high of GBX 132. 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 stock has a 50-day moving average price of GBX 117.30 and a 200 day moving average price of GBX 120.85.

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.