Starwood European Real Estate Finance Ltd: Quarterly Portfolio Update

Starwood European Real Estate Finance Ltd (SEREF) has shared its performance for the quarter ending 30 June 2025. The company has so far returned £256 million to shareholders, equaling 61.9% of its NAV as of 31 January 2023. Investments are keenly monitored, with 53% classified as low-risk Stage 1, 26% as Stage 2, and 21% as Stage 3. A significant impairment of €7.3 million was made to a loan linked to the Dublin office market.

Remaining cash balances stand at approximately £48.6 million. A dividend of 1.375 pence per share is set for September 2025, in line with a 5.5 pence annual target. The portfolio, with an average loan term of 0.5 years, benefits from 77.7% floating interest rate contracts and a weighted Loan to Value of 69.9%.

Chairman John Whittle emphasizes the strategic realisation progress while acknowledging market challenges. The company continues its orderly realisation strategy, aiming for consistent updates on its status throughout 2025.