Starwood European Real Estate Finance Ltd Reports October 2024 NAV

Starwood European Real Estate Finance Ltd (SWEF) has announced its unaudited net asset value (NAV) for 31 October 2024. The NAV per Ordinary Share stands at 99.38p, a decrease from 105.61p on 30 September 2024. This drop is attributed to various financial elements, including operating income and impairment provisions.

Total net assets as of 31 October 2024 reached £192.7 million, with loans advanced amounting to £149.2 million and cash and cash equivalents at £46.5 million. The company also maintains a cash reserve of £23.0 million to cover undrawn loan commitments in its portfolio.

A significant factor affecting the NAV was the reclassification of a loan to Stage 3, necessitating a provision. Other factors include realised and unrealised foreign exchange gains and losses, impacting the NAV's final figure.