Starwood European Real Estate Finance Ltd Reports September 2024 NAV

On September 30, 2024, Starwood European Real Estate Finance Ltd (SWEF) reported an unaudited net asset value (NAV) of 105.61 pence per ordinary share. This marks a slight increase from the previous month's NAV of 105.02 pence. It's important to note that the September NAV does not yet account for a €12.9 million provision related to an Irish office portfolio or a 1.375 pence per share dividend, both to be reflected in October's NAV.

The company revealed robust total net assets of £204.8 million, with £160.2 million in loans advanced and £44.6 million in cash and cash equivalents. A portion of this cash, totaling £23.0 million, is reserved for undrawn loan commitments. The company continues to pursue its strategy of managing its asset portfolio effectively amidst changing market conditions.