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1.2. The “Company” means Real Estate Credit Investments Limited and any of its subsidiaries and related companies and references to the “Company’s website” are to any of the Company’s websites and also include, but are not limited to, the text, images, links, sounds, graphics and video sequences displayed in such websites (the “Materials”).
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In previous notes, we have outlined why we believe RECI shows resilience against inflation, interest rate increases and inflation risk (inter alia, see Experience shows resilience of the model (2) and Why rising rates should not hurt RECI). In our latest note, New faces, same resilience, and as outlined in RECI’s recent quarterly presentation, we highlighted how the recent deals have confirmed this protection. The other key themes from these reports were the sector and geographical diversity (important when considering exposure to UK rate rises), strong loan to value (LTV) metrics, conservative leverage and good counterparty quality.
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