DJ SWEF: August 2025 NAV
Starwood European Real Estate Finance Ltd (SWEF) SWEF: August 2025 NAV 18-Sep-2025 / 07:00 GMT/BST =---------------------------------------------------------------------------------------------------------------------- Starwood European Real Estate Finance Limited (the "Company") (Ticker: "SWEF") Net Asset Value, 31 August 2025 This announcement contains price sensitive information. As at the close of business on 31 August 2025 the unaudited net asset value (NAV) of the Company's Ordinary Shares was 95.75p (31 July 2025: 97.92p). The 31 August 2025 NAV shown here has been calculated after taking account of the dividend of 1.375 pence per Share announced by the Company on 5 August 2025 and the EUR2.2 million/GBP1.9 million further provision announced on 8 September 2025 related to the Office Portfolio, Ireland loan investment. Please refer to the Reconciliation of NAV per share movements below for more information. Net Asset Value in total: Loans advanced GBP64.2m Cash and cash equivalents GBP80.1m Financial assets at fair value through profit or loss GBP0.3m Other net assets/(liabilities) (GBP2.9m) Net assets GBP141.7m
Capital amounts drawn as at 31 August 2025 are shown below.
Local Currency Sterling (2) Amounts drawn GBPm (1) GBP52.2m GBP52.2m Amounts drawn EURm (1) EUR35.8m GBP30.9m Total drawn GBP83.1m
(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 31 August 2025:
August 2025 pence) NAV at the beginning of period 97.92 Operating Income available to distribute (3) 0.45 Impairment provision on asset classified as Stage 3 (4) (1.27) Realised FX gains / (losses) not distributable (5) 0.12 Unrealised FX gains / (losses) (6) (0.09) Dividend declared (1.38) NAV at the end of the period 95.75
(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. (see note 5 below).
(4) In August 2025 a loan classified as Stage 3 had an additional impairment provision recognised against it.
(5) On occasion, the Group may realise a gain or loss on a capital hedge before the loan matures. When this situation arises the Group separates the realised FX gain or loss from other realised FX gains or losses and considers it unavailable to distribute or not as a reduction in distributable profits. The FX gain or loss will only be transferred to distributable income when the loan is settled, and the final net gain or loss on the capital hedges over the life of the loan can be determined.
(6) 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.: 402226 EQS News ID: 2199238 End of Announcement EQS News Service =------------------------------------------------------------------------------------
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(END) Dow Jones Newswires
September 18, 2025 02:00 ET (06:00 GMT)
