Directors Talk Interview on Real Estate Credit Investments | Investor Day: Focus on the opportunities

By Mark Thomas

In this interview, Hardman & Co analyst Mark Thomas explains how RECI is leveraging Cheyne’s scale and specialist expertise to target the least competitive areas of real estate lending, generating typically 8–10% unleveraged returns with resilience to wider market dynamics. He highlights a strong and flexible pipeline, underpinned by deep sub-sector knowledge, an increasing appetite for development finance, and disciplined portfolio management, alongside the support of an ongoing buyback programme and a long-established dividend, reinforcing RECI’s focus on long-term shareholder value.

Key Moments

• 00:10 – Introduction to RECI’s focus and Hardman & Co’s new report
• 01:10 – Key takeaways from Invest Today: Opportunities Are Plenty
• 01:51 – How Cheyne is finding high-return deals in low-competition niches
• 02:40 – Why banks are retreating from development finance and how RECI fills the gap
• 03:33 – Capital allocation: balancing pipeline opportunities with share buybacks
• 04:25 – Macroeconomic risks and how RECI mitigates them
• 05:08 – Track record in handling distressed borrowers

Real Estate Credit Investments plc is a specialist investor in UK and European real estate credit markets, focused on delivering attractive risk-adjusted returns through secured lending.