SWEF Announces August 2024 NAV

Starwood European Real Estate Finance Limited (SWEF) has disclosed its unaudited net asset value (NAV) for 31 August 2024. The NAV of the company's ordinary shares stood at 105.02p, up from 104.28p in July 2024. This data includes price-sensitive information.

The breakdown of net assets reveals loans advanced at £165.9 million, cash and cash equivalents at £38.1 million, financial assets at fair value through profit or loss at £1.1 million, and other net liabilities at £1.4 million. The total net assets sum up to £203.7 million.

A cash reserve of £23.0 million is included to cover undrawn loan commitments. As of 31 August 2024, amounts drawn in sterling stood at £136.4 million and in euros at €33.9 million (£28.5 million). The total committed but undrawn cash amounts to £23.0 million.

Operating income available for distribution added 0.73p to the NAV, with unrealised foreign exchange gains contributing 0.01p.