Starwood European Real Estate Finance Q3 2025 Portfolio Update

Starwood European Real Estate Finance Limited (SEREF) reported significant progress in its portfolio realisation for Q3 2025. During the quarter, two loan investments totaling £29.1 million were repaid. Post-quarter, an additional loan of £25.0 million was fully repaid. As of September 30, 2025, the company returned £65.0 million to shareholders, cumulating a £321.0 million returns since January 2023, equivalent to 77.6% of SEREF's NAV from that time.

The portfolio's risk profile remained stable, with 72% of the funded portfolio classified as Stage 1, indicating the lowest risk level. A single loan, accounting for 28% of the investment, is marked as Stage 3, with a significant impairment provision of €22.4 million. Cash reserves stood at approximately £13.0 million, with no unfunded commitments remaining.

Furthermore, the company's dividend strategy includes a third-quarter payment of 1.375 pence per share, keeping in line with the annual target of 5.5 pence per share.