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

Real Estate Credit Investments (LON:RECI) released 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 during 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

RECI traded up GBX 1.50 during midday trading on Thursday, hitting GBX 115.50. The company had a trading volume of 752,219 shares, compared to its average volume of 393,409. Real Estate Credit Investments has a twelve month low of GBX 112 and a twelve month high of GBX 132. The company has a market capitalization of £255.31 million, a PE ratio of 13.43 and a beta of 0.20. The company has a debt-to-equity ratio of 22.25, a quick ratio of 0.10 and a current ratio of 0.30. The firm’s 50-day simple moving average is GBX 117.39 and its 200-day simple moving average is GBX 120.89.

About Real Estate Credit Investments

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.