REG-Starwood European Real Estate Finance Ltd SWEF: August 2025 NAV

Starwood European Real Estate FinanceAnnouncement

Today 07:00

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   Starwood European Real Estate Finance Ltd (SWEF)
   SWEF: August 2025 NAV

   18-Sep-2025 / 07:00 GMT/BST

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     Starwood European Real Estate Finance Limited (the “Company”) (Ticker:
                                    “SWEF”)

                        Net Asset Value, 31 August 2025

   This announcement contains price sensitive information.

   As at the  close of business  on 31  August 2025 the  unaudited net  asset
   value (NAV) of  the Company’s Ordinary  Shares was 95.75p  (31 July  2025:
   97.92p). The 31  August 2025  NAV  shown here  has been  calculated  after
   taking account of the dividend of  1.375 pence per Share announced by  the
   Company on  5  August  2025  and the  €2.2  million/£1.9  million  further
   provision announced on 8 September  2025 related to the Office  Portfolio,
   Ireland loan investment.  Please refer  to the Reconciliation  of NAV  per
   share movements below for more information.

    

   Net Asset Value in total:

    

   Loans advanced                                         £64.2m
   Cash and cash equivalents                              £80.1m
   Financial assets at fair value through profit or loss   £0.3m
   Other net assets/(liabilities)                        (£2.9m)
   Net assets                                            £141.7m

    

   Capital amounts drawn as at 31 August 2025 are shown below.

    

                  Local Currency                                 Sterling (2)
   Amounts drawn                    £52.2m                      £52.2m
   £m (1)
   Amounts drawn                    €35.8m                      £30.9m
   €m (1)
    Total drawn                                                        £83.1m

    

   (1) The balances shown corresponds to cash advanced.

   (2) Euro amounts drawn converted at the month end spot rate.

    

   The difference  between  amounts  drawn  in the  table  above  and  “Loans
   advanced” in the first table is accrued income and impairment provisions.

    

    Reconciliation of NAV per share movements for the month ended 31 August
   2025:

    

                                                           August 2025 pence)
   NAV at the beginning of period                                       97.92
   Operating Income available to distribute (3)                          0.45
   Impairment provision on asset classified as Stage 3 (4)             (1.27)
   Realised FX gains / (losses) not distributable (5)                    0.12
   Unrealised FX gains / (losses) (6)                                  (0.09)
   Dividend declared                                                   (1.38)
   NAV at the end of the period                                         95.75

    

   (3)  Operating  Income  available  to  distribute  comprises  loan  income
   recognised in  the period  less operating  costs incurred  and before  any
   impairment is  taken  into  account. The  Operating  Income  available  to
   distribute also includes realised foreign  exchange gains and losses  that
   are available to  distribute except  where the realised  gains and  losses
   relate to the settlement of hedges that were previously rolled forward and
   the gain or  loss on that  roll forward was  classified as unavailable  to
   distribute. (see note 5 below). 

   (4) In  August  2025  a loan  classified  as  Stage 3  had  an  additional
   impairment provision recognised against it.

   (5) On occasion, the Group may realise  a gain or loss on a capital  hedge
   before the loan matures.  When this situation  arises the Group  separates
   the realised FX gain or  loss from other realised  FX gains or losses  and
   considers  it  unavailable  to  distribute  or  not  as  a  reduction   in
   distributable profits. The  FX gain or  loss will only  be transferred  to
   distributable income when the loan is  settled, and the final net gain  or
   loss on the capital hedges over the life of the loan can be determined.

   (6) Unrealised foreign exchange gains/losses  relate to the net impact  of
   changes in  the valuation  of  foreign exchange  hedges and  the  sterling
   equivalent value of Euro loan investments (using the applicable month  end
   rate). Mismatches between  the hedge valuations  and the loan  investments
   may occur depending  on the shape  of the  forward FX curve  and this  may
   cause some movement in the NAV. These unrealised FX gains / losses are not
   considered part of distributable reserves.

    

   All figures herein are published  based on current information,  estimates
   and judgements.

                                   Enquiries:

    

   Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary

    

   Duke Le Prevost

   T: +44 20 3530 3630

   E:  1 starwood@apexgroup.com

    

   Jefferies International Limited

   Gaudi Le Roux

   Harry Randall

   Ollie Nott

   T: +44 020 7029 8000

    

   Notes: 

   Starwood European Real  Estate Finance  Limited is  an investment  company
   listed on the main market of the London Stock Exchange with an  investment
   objective to conduct an orderly realisation of the assets of the Company. 
    2 www.starwoodeuropeanfinance.com.

    

   The Group's  assets  are managed  by  Starwood European  Finance  Partners
   Limited, an indirect wholly-owned subsidiary of Starwood Capital Group.

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   Dissemination of a Regulatory Announcement that contains inside
   information in accordance with the Market Abuse Regulation (MAR),
   transmitted by EQS Group.
   The issuer is solely responsible for the content of this announcement.

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   ISIN:           GG00BTZJM644
   Category Code:  NAV
   TIDM:           SWEF
   LEI Code:       5493004YMVUQ9Z7JGZ50
   OAM Categories: 3.1. Additional regulated information required to be
                   disclosed under the laws of a Member State
   Sequence No.:   402226
   EQS News ID:    2199238


    
   End of Announcement EQS News Service

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References

   Visible links
   1. mailto:starwood@apexgroup.com
   2. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=6c17e6900ed8c3b5447dc05b49ad61d8&application_id=2199238&site_id=refinitiv~~~456f380e-074c-434c-ab61-d8ca972fa0de&application_name=news


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