SWEF Reports Increase in Net Asset Value for February 2024

Starwood European Real Estate Finance Limited (SWEF) disclosed its unaudited net asset value (NAV) for February 29, 2024, as part of its latest financial announcement. The NAV per ordinary share has seen a modest increase from 103.08p as of January 31, 2024, to 103.69p. This progression reflects the company's condition at the close of business on the reported date.

The details highlight a composition of SWEF's net assets including loans advanced amounting to £258.4 million, cash and cash equivalents totalling £45.1 million, and financial assets valued at £1.9 million. Adjustments for other net assets and liabilities result in total net assets of £305.1 million. Moreover, SWEF maintains a cash reserve of £32.9 million to cover undrawn loan commitments in its portfolio.

The report also provides a reconciliatory breakdown of movements in NAV per share for February 2024, spotlighting an operating income of 0.69p available for distribution and the influence of unrealised foreign exchange gains/losses on the NAV. SWEF's disclosed figures are based on current estimates and judgements, adhering to regulatory compliance and market disclosure norms.