Starwood European Real Estate Finance Ltd Reports Increment in NAV for March 2024

Starwood European Real Estate Finance Ltd (SWEF) has announced an increase in its unaudited Net Asset Value (NAV) per ordinary share as of March 31, 2024. The reported NAV has risen to 104.45p from 103.69p, as noted on February 29, 2024. This development reflects a positive movement in the company's financial positioning over the month.

The statement outlined the composition of the NAV, including loans advanced amounting to £228.1 million, cash and cash equivalents totaling £53.9 million, and financial assets valued at £1.6 million. The report also identified liabilities which slightly reduced the total net assets to £282.2 million.

Significant details were provided concerning the coverage and engagement in financial activities, stating that a reserve of £31.4 million is in place for undrawn loan commitments. Operational details related to capital and foreign currency transactions were also disclosed, signifying ongoing management of financial resources and hedging strategies relevant to maintaining stability and growth in asset value.

The report also offered a reconciliation of the NAV per share movements, pinpointing various financial activities that influenced the NAV. These included operating income, the reclassification of realized FX gains, and unrealized FX gains or losses, which collectively contributed to the monthly NAV outcome.