20 November 2017
Starwood European Real Estate Finance Limited
(the "Company") (Ticker: "SWEF")
Net Asset Value, 31 October 2017
This announcement contains price sensitive information.
As at the close of business on 31 October 2017, the unaudited cum-dividend net asset value of the Company's Ordinary Shares was 102.85p. Further to an announcement released on 19th October 2017, the unaudited ex-dividend net asset value of the Company's Ordinary Shares was 101.23p.
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Loans advanced
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360.4m
|
|
Financial assets/(liabilities) at fair value through profit or loss
|
(5.6m)
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|
Cash and cash equivalents
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31.3m
|
|
Borrowing facilities
|
-
|
|
Other net assets/(liabilities)
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(6.5m)
|
|
Net assets
|
379.6m
|
Capital amounts drawn as at 31 October 2017 and amounts committed but undrawn as at 31 October 2017 is shown below.
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Local Currency
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Sterling*
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Amounts drawn £m
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£216.6m
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£216.6m
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Amounts drawn EURm
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EUR161.8m
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£142.4m
|
|
|
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£359.0m
|
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Committed but undrawn Loans £m
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£3.1m
|
£3.1m
|
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Committed but undrawn Loans EURm
|
-
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-
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|
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£3.1m
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* Euro amounts drawn and commitments converted at the month end spot rate. The differenc between amounts drawn in the table above and "Loans advanced" in the first table is accrue income.
Of the change in Net Asset Value in October, approximately £1.4 million is due to unrealised FX gains. The Group recognised a large unrealised loss in September which has largely reversed this month. The Group also benefitted from the recognition of additional income due to loans recently repaid and some additional income from loan amendments.
Enquiries:
Ipes (Guernsey) Limited as Company Secretary
Jon Jehan
T: +44 1481 735814
E: Jon.Jehan@ipes.com
.