SWEF Reports Decrease in July 2024 Net Asset Value

Starwood European Real Estate Finance Ltd (SWEF) announced its unaudited net asset value (NAV) for July 2024. As of 31 July 2024, the NAV per ordinary share was 104.28p, down from 104.92p on 30 June 2024.

The total net assets amounted to £202.2 million, reflecting loans advanced of £165.9 million, cash and cash equivalents of £39.1 million, financial assets at fair value of £1.0 million, and other net liabilities of £3.8 million. Notably, the cash and equivalents include £23.0 million reserved for undrawn loan commitments.

The reconciliation of NAV per share movements for July indicates operating income of 0.77p, unrealized FX losses of 0.04p, and a declared dividend of 1.37p, leading to the net decrease.