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Real Estate Credit Investments (LSE:RECP.PFD) Scaled Net Operating Assets : 1.09 (As of Sep. 2024)


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What is Real Estate Credit Investments Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Real Estate Credit Investments's operating assets for the quarter that ended in Sep. 2024 was £395.21 Mil. Real Estate Credit Investments's operating liabilities for the quarter that ended in Sep. 2024 was £10.76 Mil. Real Estate Credit Investments's Total Assets for the quarter that ended in Mar. 2024 was £352.25 Mil. Therefore, Real Estate Credit Investments's scaled net operating assets (SNOA) for the quarter that ended in Sep. 2024 was 1.09.

Real Estate Credit Investments Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Real Estate Credit Investments's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2024 )
=(Operating Assets (A: Mar. 2024 )-Operating Liabilities (A: Mar. 2024 ))/Total Assets (A: Mar. 2023 )
=(333.962-2.08)/418.991
=0.79

where

Operating Assets(A: Mar. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=352.252 - 18.29
=333.962

Operating Liabilities(A: Mar. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=25.87 - 23.79 - 0
=2.08

Real Estate Credit Investments's Scaled Net Operating Assets (SNOA) for the quarter that ended in Sep. 2024 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Sep. 2024 )
=(Operating Assets (Q: Sep. 2024 )-Operating Liabilities (Q: Sep. 2024 ))/Total Assets (Q: Mar. 2024 )
=(395.209-10.764)/352.252
=1.09

where

Operating Assets(Q: Sep. 2024 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=412.121 - 16.912
=395.209

Operating Liabilities(Q: Sep. 2024 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=90.364 - 79.6 - 0
=10.764

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Real Estate Credit Investments Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Real Estate Credit Investments Ltd (LSE:RECP.PFD) » Definitions » Scaled Net Operating Assets
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Traded in Other Exchanges
RECIl:UK RECI:UK
Address
East Wing, Trafalgar Court, Les Banques, Saint Peter Port, GGY, GY1 3PP
Website
https://www.realestatecreditinvestments.com
Real Estate Credit Investments Ltd is a closed-ended company registered in Guernsey. Its investment objective is to provide leveraged exposure to a portfolio and stable returns in the form of quarterly dividends. The company seeks to ensure that its investment portfolio is geographically diverse and backed by a broad range of financial assets. It mainly invests in secured residential and commercial debt by exploiting opportunities in publicly traded securities and real estate loans. To achieve its objective, the company will invest in real estate debt investments such as securitized tranches of secured real estate-related debt securities. The company holds two reportable segments the Market Bond Portfolio, Equity Securities, and Bilateral Loan and Bond Portfolio.