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

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

Real Estate Credit Investments Stock Performance

RECI traded up GBX 2.50 during trading on Thursday, reaching GBX 116.50. 841,976 shares of the company’s stock were exchanged, compared to its average volume of 394,157. The company has a market capitalization of £257.52 million, a P/E ratio of 13.55 and a beta of 0.20. The business has a 50 day moving average price of GBX 117.39 and a 200 day moving average price of GBX 120.89. Real Estate Credit Investments has a fifty-two week low of GBX 112 and a fifty-two week 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.

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.