Originally posted on HYP-P board, and now moved here... --MDW1954
Dear Fools,
I today topped up on my holding in Real Estate Credit Investments (RECI.L). I realise it might be a borderline company to post about on this board, but the rules say: REITs and REIT-like investment companies (e.g. infrastructure companies) are perfectly acceptable, so I thought I'd give it a go.
To quote from its Stockopedia page:
"The Investment Policy of the Company is the investment policy for the core segment (Core). In order to achieve its investment objective for the Core, the Company invests and will continue to invest primarily in debt secured by commercial or residential properties in Western Europe and the United Kingdom." So i'd describe it as a REIT-like investment company.
It is Guernsey based, so no stamp duty to pay, and yields over 7%. It is also trading at a discount to NAV of around 6%. Dividends are paid quarterly and have been maintained at the current level for several years.
A recent investor presentation can be found here:
https://www.youtube.com/watch?v=ASpzaJLG878&t=5s
Any comments, bullish or bearish, would be most welcome.
Gostevie