DJ SWEF: June 2025 NAV
Starwood European Real Estate Finance Ltd (SWEF) SWEF: June 2025 NAV 05-Aug-2025 / 07:00 GMT/BST =---------------------------------------------------------------------------------------------------------------------- Starwood European Real Estate Finance Limited (the "Company") (Ticker: "SWEF") Net Asset Value, 30 June 2025 This announcement contains price sensitive information. As at the close of business on 30 June 2025 the unaudited net asset value (NAV) of the Company's Ordinary Shares was 97.41p (31 May 2025: 101.09p). The 30 June 2025 NAV shown here has been calculated after taking into account the EUR7.3 million new provision announced on 1 August 2025 related to Office Portfolio, Ireland and before taking into account the dividend of 1.375 pence per Share announced by the Company today. Please refer to the Reconciliation of NAV per share movements below for more information. Net Asset Value in total: Loans advanced GBP96.1m Cash and cash equivalents GBP48.6m Financial assets at fair value through profit or loss GBP0.5m Other net assets/(liabilities) (GBP1.0m) Net assets GBP144.2m
Capital amounts drawn as at 30 June 2025 are shown below.
Local Currency Sterling (2) Amounts drawn GBPm (1) GBP81.3m GBP81.3m Amounts drawn EURm (1) EUR35.8m GBP30.7m Total drawn GBP112.0m
(1) The balances shown corresponds to cash advanced.
(2) Euro amounts drawn converted at the month end spot rate.
The difference between amounts drawn in the table above and "Loans advanced" in the first table is accrued income and impairment provisions.
Reconciliation of NAV per share movements for the month ended 30 June 2025:
June 2025 (pence) NAV at the beginning of period 101.09 Operating Income available to distribute (3) 0.55 Impairment provision on asset classified as Stage 3 (4) (4.22) Unrealised FX gains / (losses) (5) (0.01) NAV at the end of the period 97.41
(3) Operating Income available to distribute comprises loan income recognised in the period less operating costs incurred and before any impairment is taken into account. The Operating Income available to distribute also includes realised foreign exchange gains and losses that are available to distribute except where the realised gains and losses relate to the settlement of hedges that were previously rolled forward and the gain or loss on that roll forward was classified as unavailable to distribute.
(4) In June 2025 a loan classified as Stage 3 had an additional impairment provision recognised against it.
(5) Unrealised foreign exchange gains/losses relate to the net impact of changes in the valuation of foreign exchange hedges and the sterling equivalent value of Euro loan investments (using the applicable month end rate). Mismatches between the hedge valuations and the loan investments may occur depending on the shape of the forward FX curve and this may cause some movement in the NAV. These unrealised FX gains / losses are not considered part of distributable reserves.
All figures herein are published based on current information, estimates and judgements.
Enquiries:
Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary
Duke Le Prevost
T: +44 20 3530 3630
E: starwood@apexgroup.com
Jefferies International Limited
Gaudi Le Roux
Harry Randall
Ollie Nott
T: +44 020 7029 8000
Notes:
Starwood European Real Estate Finance Limited is an investment company listed on the main market of the London Stock Exchange with an investment objective to conduct an orderly realisation of the assets of the Company. www.starwoodeuropeanfinance.com.
The Group's assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of Starwood Capital Group.
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Dissemination of a Regulatory Announcement that contains inside information in accordance with the Market Abuse Regulation (MAR), transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.
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ISIN: GG00BTZJM644 Category Code: NAV TIDM: SWEF LEI Code: 5493004YMVUQ9Z7JGZ50 OAM Categories: 3.1. Additional regulated information required to be disclosed under the laws of a Member State Sequence No.: 397902 EQS News ID: 2179224 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
August 05, 2025 02:00 ET (06:00 GMT)
