Overview
Duet Real Estate Finance’s objective is to provide Shareholders with regular dividends and an attractive total return whilst limiting downside risk to capital, through exposure to European commercial real estate debt. It does this by investing in a Master Fund (an exempted limited partnership registered in the Cayman Islands) which makes new loans as well as buying existing loans and bonds collateralised by European commercial real estate. Investments are in debt instruments which benefit from the protection of being a secured loan or bond. These Investments are intended to be held for the medium to long term with a view to realising interest income and possible long term gain.
Research History
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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14 Feb 2017 1 min read
QuotedData investment companies roundup – February 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup
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31 Jan 2017 1 min read
QuotedData – 2016 review of the year
Our review of 2016 includes performance data, significant moves in discounts and premiums, money raised and money handed back, major news stories and links to the research we have published including our guide to investment companies. 2016 Annual roundup
News
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07 Feb 2017 1 min read
All trust sectors bar one made money in ’16
UK Smaller Companies was the only investment sector to lose money in 2016 despite a turbulent political and economic landscape, new research has revealed. See more here
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27 Jan 2017 1 min read
Duet Real Estate Finance exits last investment
Duet Real Estate Finance has announced that full repayment of all principal and accrued interest has been received on the Master Fund’s Belgian Office loan (Loan 11), earning returns in-line with its investment criteria. The Company will announce further details concerning returning its cash to shareholders in the most efficient and cost effective manner shortly. […]
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22 Sep 2016 1 min read
Duet Real Estate Finance benefits from discount narrowing
Duet Real Estate Finance Limited has announced its half-yearly results for the period from 1 January 2016 to 30 June 2016. A total of 14.93 pence per share (period to 30 2015: 23.51 pence) has been returned by way of B share issues and redemptions in the six months ended 30 June 2016. In August […]
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11 Jan 2016 2 min read
Duet announces cash return after loan repayment
On 5 January Duet Real Estate Finance announced that a loan it had made against some German hotels (loan 12) had been repaid early, resulting in a cash inflow for the fund and an uplift in NAV thanks to early repayment penalties. The Company’s share of proceeds realised totalled £11m, equivalent to 15.29 pence per share. This […]
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17 Apr 2015 2 min read
Duet lost out when care home company went bust
Duet Real Estate Finance results for 2014 are out. The total net asset value return for the year was 5.7% and the shareholder return was 9%. They paid 6.2p in dividends during the year and declared 5.2p worth of dividends for the 2014 accounting year as a whole (part of the 6.2p related to 2013 and […]
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02 Jul 2014 1 min read
Duet Real Estate Finance : DREF – loan repayment
Duet Real Estate Finance has announced that “loan 13” has been fully realised (because the underlying asset that it was secured against has been sold) and that the return on the investment was “in-line with its investment criteria”. Whilst that statement is not too informative, Duet Real Estate Finance has said that the net effect of […]
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07 Apr 2014 1 min read
Duet Real Estate Finance : DREF – results
Duet Real Estate Finance has announced results for the year ended 31 December 2013. The net asset value fell from 98.5p to 93.5p but Duet real Estate finance paid dividends totalling 10p for the year so the total return on the net asset value was 5.1%. The share price fell from 90.5p to 86.5p and […]
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13 Feb 2014 1 min read
Duet Real Estate Finance : DREF – update
Duet Real Estate Finance is paying a 2.25p dividend for the final quarter of 2013 (shareholders get paid on 14 March). They are also announcing that their NAV at the end of 2013 was 93.5p. this has been impacted by a provision made against one of their loans (“loan 5” – they don’t tell us […]
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27 Jan 2014 1 min read
Duet Real Estate Finance : DREF – trading update
DREF has announced today that the master fund has realised three of its mezzanine loan investments (numbered one, three and eight – DREF does not report who it lends money to but these borrowers were against a retail property in Denmark, against eight hotels in Germany and against an office and light industrial park in France). […]
