Real Estate Credit Investments (LON:RECI) Announces Quarterly Earnings Results

Real Estate Credit Investments (LON:RECI) posted its quarterly earnings data on Thursday. The company reported GBX 6.90 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm 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 Trading Up 1.3%

Shares of RECI stock traded up GBX 1.50 on Thursday, reaching GBX 115.50. 752,219 shares of the stock were exchanged, compared to its average volume of 393,409. The stock has a market cap of £255.31 million, a PE ratio of 13.43 and a beta of 0.20. Real Estate Credit Investments has a one year low of GBX 112 and a one year high of GBX 132. The company has a debt-to-equity ratio of 22.25, a current ratio of 0.30 and a quick ratio of 0.10. The stock has a 50 day moving average price of GBX 117.39 and a 200 day moving average price of 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.