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About the company
Real Estate Credit Investments Limited is a Guernsey-based closed-end investment company. The investment objective of the Company is to provide shareholders with attractive and stable returns, primarily in the form of quarterly dividends, through exposure to a diversified portfolio of real estate credit investments, predominantly comprising real estate loans and bonds. It invests in real estate debt secured by commercial or residential properties in the United Kingdom and Western European countries, focusing primarily on those countries where it sees the changing dynamics in the real estate debt market offering a sustainable deal flow for the foreseeable future. The Company has three reportable segments, namely the Market Bond Portfolio, Bilateral Loan and Bond Portfolio, and Equity Securities. It invests in various sectors, such as Hotel/Leisure, Living Assets, Mixed Use, Office, and Others. Its alternative investment fund manager is Cheyne Capital Management (UK) LLP.
- Revenue in GBP (TTM)31.13m
- Net income in GBP19.12m
- Incorporated2005
- Employees0.00
- LocationReal Estate Credit Investments LimitedFrances House, Sir William PlacePO Box 273SAINT PETER PORT GY1 3RDGuernseyGGY
- Websitehttps://realestatecreditinvestments.com/
Profile
| Management group(s) | Cheyne Capital Management Ltd |
|---|---|
| AIC sector | Property - Debt |
| ISIN | GB00B0HW5366 |
| Launch date | 13 Dec 2005 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The Investment Objective of the Company is to provide Shareholders with attractive and stable returns, primarily in the form of quarterly dividends. The Company invests in real estate debt secured by commercial real estate in Western Europe, focusing primarily on the United Kingdom and France.
Managed by
| Ravi Stickney, Daniel Schuldes, Arron Taggart, Raphael Smadja |
|---|
Management & contract fees
Management Fee at 1.25% of NAV. Performance fee is calculated as ((Adjusted performance NAV - NAV per share at the beginning of the performance period increased by an annual rate of 7%) x 20%) x the time weighted average number of core shares in issue in the period since the starting date. Contract terminable on notice period of 24 months.
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| Abrdn UK Smlr Cmpn Grth Trst PLC | 22.86m | 17.14m |
| Albion Technology & General VCT PLC | 5.45m | 109.00k |
| Albion Enterprise VCT PLC | 9.64m | 3.21m |
| Brooks Macdonald Group plc | 111.56m | 11.63m |
| Fintel PLC | 85.00m | 6.20m |
| STS Global Income & Growth Trust PLC | 28.25m | 24.72m |
| Real Estate Credit Investments Ltd | 31.13m | 19.12m |
| Gore Street Energy Storage Fund PLC | -24.41m | -32.06m |
| British Smaller Companies VCT plc | 17.61m | 11.93m |
| VH Global Energy Infrastructure PLC | -13.13m | -19.35m |
| Manchester & London Investment Trust plc | 107.65m | 101.36m |
| International Biotechnology Trust Plc | 6.07m | -1.17m |
| Invesco Global Equity Income Trust PLC | 24.86m | 22.73m |
| CVC Income & Growth Ltd | 27.02m | 7.15m |
| Aurora UK Alpha PLC | 24.22m | 23.01m |
| Seraphim Space Investment Trust PLC | 56.94m | 52.99m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| Hargreaves Lansdown Asset Management Ltd.as of 31 Mar 2025 | 17.42m | 7.86% |
| Premier Fund Managers Ltd.as of 31 Mar 2025 | 13.26m | 5.98% |
| TrinityBridge Ltd.as of 30 Sep 2025 | 12.91m | 5.82% |
| abrdn Investments Ltd.as of 31 Mar 2025 | 12.23m | 5.52% |
| W1m Investment Management Ltd.as of 30 Sep 2025 | 12.16m | 5.49% |
| Canaccord Genuity Wealth Ltd.as of 31 Mar 2025 | 11.31m | 5.10% |
| Evelyn Partners Investment Management LLPas of 31 Mar 2025 | 11.10m | 5.01% |
| Jupiter Asset Management Ltd.as of 30 Sep 2025 | 3.80m | 1.71% |
| Degroof Petercam Asset Management SAas of 30 Sep 2025 | 2.94m | 1.33% |
| Liontrust Multi-Asset Ltd.as of 30 Jun 2025 | 1.71m | 0.77% |
