SWEF: Portfolio Update

Starwood European Real Estate Finance Limited (SEREF) has shared its quarterly portfolio update for the period ending December 31, 2024. The Company, a prominent investor in real estate debt across the UK and Europe, is maintaining a strategy of orderly portfolio realisation, returning £210 million to shareholders through compulsory redemptions since January 2023. Although no redemptions occurred this quarter, loan repayments expected in 2025 should aid further returns.

The current portfolio consists of seven investments. Notably, four loan investments, representing 67% of the portfolio, hold the lowest risk classification (Stage 1), while one loan has been marked as Stage 3 with a €12.9 million impairment.

As of the end of December 2024, SEREF held £45.7 million in cash reserves. Directors announced a dividend payment of 1.375 pence per share for Q4 2024, aligning with the annual target. The portfolio remains robust, with an average loan term of 1.2 years and significant diversification across asset classes.