SWEF: May 2024 NAV Announcement

Starwood European Real Estate Finance Ltd (SWEF) has disclosed its unaudited net asset value (NAV) for May 31, 2024. The NAV stands at 104.29p per ordinary share, up from 103.65p in April.

The company's net assets total £281.8 million, with £221.8 million in loans advanced and £59.4 million in cash and cash equivalents. Notably, the cash reserve to cover undrawn loan commitments is £29.4 million.

Amounts drawn for loans sum up to £220.2 million, split between sterling and euros. Additionally, the company has committed but undrawn cash amounts of £29.4 million. The difference between these amounts and the loans advanced is attributed to accrued income.

In May, the company's NAV per share rose due to operating income of 0.80p, counterbalanced by unrealized foreign exchange losses of 0.16p.