SWEF: Net Asset Value - 31 October 2018

16 November 2018

 

 

 

Starwood European Real Estate Finance Limited

(the "Company") (Ticker: "SWEF")

 

Net Asset Value, 31 October 2018

 

This announcement contains price sensitive information.

 

As at the close of business on 31 October 2018, the unaudited cum-dividend net asset value of the Company's Ordinary Shares was 103.14p. Further to an announcement released on 23rd October 2018, the unaudited ex-dividend net asset value of the Company's Ordinary Shares was 101.52p.

 

Loans advanced	401.4m
Financial assets at fair value through profit or loss (including accrued income)	22.1m
Financial liabilities at fair value through profit or loss	(5.9m)
Cash and cash equivalents	11.8m
Borrowing facilities (including accrued interest)	(44.6m)
Other net assets/(liabilities)	(4.1m)
Net assets	380.7m

 

Capital amounts drawn as at 31 October 2018 and amounts committed but undrawn as at 31 October 2018 is shown below.

 

 

	Local Currency	Sterling (2)
Amounts drawn £m (1)	£123.9m	£123.9m
Amounts drawn EURm (1)	EUR332.7m	£296.9m
		£420.8m
Committed but undrawn Loans £m	£0.6m	£0.6m
Committed but undrawn Loans EURm	EUR42.7m	£38.1m
		£38.7m

 

(1)  Balance includes both loans accounted at amortised cost and loans held at fair value through profit or loss. The amounts correspond to cash advanced, not values shown on statement of financial position.

 

(2)  Euro amounts drawn and commitments 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.

 

Enquiries:

 

Ipes (Guernsey) Limited as Company Secretary

 

Sarah Newton

T: +44 1481 735810

E: sarah.newton@ipes.com

 

 

 

Starwood European Real Estate Finance Limited