Starwood European Real Estate Finance Ltd SWEF: January 2026 NAV

Starwood European Real Estate Finance

26/02/2026 07:01

Starwood European Real Estate Finance Ltd (SWEF)
 SWEF: January 2026 NAV

26-Feb-2026 / 07:01 GMT/BST
Starwood European Real Estate Finance Limited (the “Company”) (Ticker:“SWEF”)
Net Asset Value, 31 January 2026
This announcement contains price sensitive information.
As at the close of business on31 January 2026the unaudited net asset value (NAV) of the Company’s Ordinary Shares was 95.16p (31 December 2025:96.82p).Please refer to the Reconciliation of NAV per share movements below for more information. The Company is now coming to the end of the orderly realisation of its loan assets and a special resolution for the liquidation of the Company is due to be considered by the shareholders at the upcoming EGM to be held on Friday, 27 February 2026.
Net Asset Value in total:
Loans advanced
£8.2m
Cash and cash equivalents
£14.5m
Financial assets at fair value through profit or loss
£0.1m
Other net assets/(liabilities)
(£0.7m)
Net assets
£22.1m
Capital amounts drawn as at 31 January2026 are shown below.
Local Currency
Sterling(2)
Amounts drawn €m(1)
€8.8m
£7.6m
Total drawn
£7.6m
(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.
Reconciliation of NAV per share movements for the month ended 31 January2026:
January 2026 (pence)
NAV at the beginning of period
96.82
Operating Income (loss) available to distribute(3)
(0.33)
Realised FX gains / (losses) not distributable(4)
0.33
Unrealised FX gains / (losses)(5)
(0.28)
Dividend declared
(1.38)
NAV at the end of the period
95.16
(3)Operating Income (loss) available to distribute comprises loan income recognised in the period less operating costs incurredand 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 4 below).
(4)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.
(5)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: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.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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 The issuer is solely responsible for the content of this announcement.

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ISIN:
GG00BW9KGG29
Category Code:
NAV
TIDM:
SWEF
LEI Code:
5493004YMVUQ9Z7JGZ50
Sequence No.:
419216
EQS News ID:
2281728



End of Announcement
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