Starwood European Real Estate Finance: December 2024 NAV Update

Starwood European Real Estate Finance Ltd (SWEF) announced an unaudited net asset value (NAV) of 100.49p per Ordinary Share as of 31 December 2024, up from 99.90p in November. Net assets totalled £194.9 million, comprising £149.5 million in loans advanced, £45.7 million in cash and equivalents, £1.0 million in financial assets, and a £1.3 million net liabilities adjustment. The cash reserve includes £23.0 million to cover undrawn loan commitments.

At the year's end, capital drawn totalled £159.1 million, with additional undrawn commitments of £23.0 million. The NAV per share increased due to operating income of 0.60p, offset by a 0.01p unrealised foreign exchange loss.

Starwood European's performance reflects stable financial management despite FX-related impacts. All data are based on current estimates and judgments.