Slight Decrease in Starwood European Real Estate Finance Ltd's Net Asset Value in January 2024

Starwood European Real Estate Finance Ltd (SWEF) reported a slight decrease in its Net Asset Value (NAV) per ordinary share as of January 31, 2024, standing at 103.08p compared to 104.35p at the end of December 2023. This fluctuation reflects movements in the operation and performance of investments during the month. The company also provided details regarding its assets and liabilities, with advances on loans amounting to £256.7m and cash balances amounting to £70.9m, including a reserve for unused loan commitments totaling £34.9m.

The report details the amount of lent capital, unused loan commitments, and specifies the conversion of amounts from euros to British pounds at the month-end exchange rate. Differences between the lent amounts and those reported in loan advances take into account accrued income and provisions for impairment. For January 2024, the available operation income for distribution added to the unrealized gains/losses from currency exchange had a slight impact on NAV, partially offset by the declared dividend.

The group's asset management is entrusted to Starwood European Finance Partners Limited, a wholly-owned subsidiary of the Starwood Capital group. The report emphasizes Starwood European Real Estate Finance Ltd's commitment to the orderly realization of assets, in line with its investment objective.