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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Starwood European Real Estate Finance Limited | SWEF | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 2.00 | 2.22% | 92.00 | 16:35:02 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 91.80 | 91.80 | 91.80 | 92.00 | 90.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 29/10/2024 | Interim | GBP | 0.01375 | 07/11/2024 | 08/11/2024 | 22/11/2024 |
| 24/07/2024 | Interim | GBP | 0.01375 | 01/08/2024 | 02/08/2024 | 23/08/2024 |
| 25/04/2024 | Interim | GBP | 0.01375 | 02/05/2024 | 03/05/2024 | 24/05/2024 |
| 25/01/2024 | Interim | GBP | 0.01875 | 01/02/2024 | 02/02/2024 | 23/02/2024 |
| 20/10/2023 | Interim | GBP | 0.01375 | 02/11/2023 | 03/11/2023 | 24/11/2023 |
| 21/07/2023 | Interim | GBP | 0.01375 | 03/08/2023 | 04/08/2023 | 25/08/2023 |
| 21/04/2023 | Interim | GBP | 0.01375 | 04/05/2023 | 05/05/2023 | 26/05/2023 |
| 23/03/2023 | Special | GBP | 0.02 | 30/03/2023 | 31/03/2023 | 21/04/2023 |
| 20/01/2023 | Interim | GBP | 0.01375 | 02/02/2023 | 03/02/2023 | 24/02/2023 |
| 21/10/2022 | Interim | GBP | 0.01375 | 03/11/2022 | 04/11/2022 | 25/11/2022 |
| 22/07/2022 | Interim | GBP | 0.01375 | 04/08/2022 | 05/08/2022 | 26/08/2022 |
| 22/04/2022 | Interim | GBP | 0.01375 | 05/05/2022 | 06/05/2022 | 27/05/2022 |
| 21/01/2022 | Interim | GBP | 0.01375 | 03/02/2022 | 04/02/2022 | 25/02/2022 |
| 22/10/2021 | Interim | GBP | 0.01375 | 04/11/2021 | 05/11/2021 | 03/12/2021 |
| 23/07/2021 | Interim | GBP | 0.01375 | 05/08/2021 | 06/08/2021 | 03/09/2021 |
| 23/04/2021 | Interim | GBP | 0.01375 | 06/05/2021 | 07/05/2021 | 04/06/2021 |
| 22/01/2021 | Interim | GBP | 0.01625 | 04/02/2021 | 05/02/2021 | 05/03/2021 |
| 22/10/2020 | Interim | GBP | 0.01625 | 29/10/2020 | 30/10/2020 | 20/11/2020 |
| 23/07/2020 | Interim | GBP | 0.01625 | 30/07/2020 | 31/07/2020 | 28/08/2020 |
| 23/04/2020 | Interim | GBP | 0.01625 | 30/04/2020 | 01/05/2020 | 20/05/2020 |
| 23/01/2020 | Interim | GBP | 0.01625 | 30/01/2020 | 31/01/2020 | 21/02/2020 |
| Top Posts |
|---|
Posted at 25/10/2024 09:07 by makinbuks SWEF recovering some composure which is nice to see. Still good value. 6% yield and at least 8% discount to ultimate NAV. Possibly 15% if all the loans were repaid in full (105p). Just my estimates DYORThanks Sky for posting the link here and on the wind up thread. I just assumed everyone would look it up or would have already read it in the morning |
Posted at 22/10/2024 10:31 by skyship This is the RNS to which Makinbuks refers: |
Posted at 10/10/2024 09:46 by makinbuks ii won't allow me to reinvest the proceeds of the redemption. Here's what they say:"Unfortunately, we are unable to set up ‘SWEF’ for purchases as we have not received a ' Value For Money ' assessment from the provider. This is due to a recent update on consumer duty, and Fund managers and providers of ETFs have had to confirm if their ETF/fund is good value for money and justify their charges by completing a 'Value for Money Assessment' (VFMA). It is the responsibility of the fund manager/ETF provider to do this, and without this information, we cannot allow it to be purchased on our platform." |
Posted at 09/9/2024 11:12 by makinbuks Half Year Report out NAV 104.92, discount 11%, yield 5.9% £8.8m lent this year £0.6m interest capitalised (trivial, but a concern) "We do not expect to see significant movements in NAV as the Group’s loans are held at amortised cost, Euro exposures are hedged and credit risk is proactively managed." "The Board, the Investment Manager and Adviser continue to believe that the shares represent attractive value at this level." As do I! |
Posted at 25/1/2024 11:04 by makinbuks Update published today:Dividend 6p , 0.5p higher than forecast, very nice with over 90% now variable rate with floors. 5.5p reaffirmed for 2024 (yield 6%) and may be beaten if rates stay higher for longer (UK and US inflation both increased MOM in Dec) Disappointingly, the Spanish retail asset sale did not go through and the provision was doubled but they sound very confident of Q1 24 completion. Not material to the NAV which remains above £1.04 (discount 10%) My expectation is for them to return 45% of NAV at that level in 2024 Got to keep an eye of the 4 stage 2 loans, with avg LTV 77% representing 31% of NAV. A year ago there were only two loans in this category but it had risen to 5 earlier in the year Summary, holding for an expected 10% return this year with 45% of capital repaid. Limited downside risk |
Posted at 21/11/2023 16:51 by makinbuks NAV for October £1.036 xd. Excess Cash £30.2m, so I expect another distribution announcement in December or January. Net income in the month 58p well head of the run rate required to sustain the dividend at £1.38/Qtr, so we may also see a special dividend declared again.All good news and expecting some real developments in the next couple of months |
Posted at 22/4/2022 07:20 by killing_time Starwood European Real Estate Finance Limited (the "Company") has declared a quarterly dividend in respect of the first quarter of 2022 of 1.375 pence per share as targeted, payable on 27 May 2022 to Shareholders on the register at 6 May 2022. The ex-dividend date will be 5 May 2022. The targeted full year dividend is 5.5 pence per share equating to an annualised dividend yield of 5.9% based on the closing share price on 21 April 2022. |
Posted at 20/4/2022 06:13 by killing_time SWEF NAV up to 103.13p for March. |
Posted at 21/1/2022 11:01 by killing_time Thanks MakinbuksFrom LSE site: Starwood European Real Estate Finance Limited (the "Company") has declared a quarterly dividend in respect of the fourth quarter of 2021 of 1.375 pence per share as targeted, payable on 25 February 2022 to Shareholders on the register at 4 February 2022. The ex-dividend date will be 3 February 2022. The targeted full year dividend is 5.5 pence per share equating to an annualised dividend yield of 5.8% based on the closing share price on 20 January 2022. |
Posted at 26/8/2020 17:18 by speedsgh Dividend to be re-based to 5.50p per annum from 2021...Q2 2020 Factsheet - CURRENT AND FUTURE DIVIDEND On 23 July 2020, the Directors declared a dividend in respect of the second quarter of 1.625 pence per Ordinary Share, equating to an annualised 6.5 pence per annum. This was covered 0.95x by earnings excluding unrealised FX gains. We expect the dividend cover to reduce to approximately 0.87x during the second half of the year following the repayment and amortisation received in the second quarter. The Board and Investment Adviser recognise the importance of stable and predictable dividends for our shareholders. Accordingly, we hold a dividend reserve built up over several years which we have been using to maintain the annual dividend at 6.5 pence per share over the last eighteen months even though the dividend has been uncovered by earnings more recently. As a result of this reserve, dividends have not therefore been paid out of capital reserves. The Company intends to continue to use the remaining reserve to maintain the annual dividend at 6.5 pence per share for the rest of 2020 which will leave a small reserve remaining. In the period since the Group’s inception, the Bank of England base rate has reduced from 0.50 per cent to 0.10 per cent. The average 5 year GBP swap rate from inception to year end 2019 was 1.16 per cent, compared to 0.13 per cent at 30 June 2020 representing a fall of over 1 per cent on the average. At inception LIBOR / EURIBOR might have contributed up to 10 per cent of the company’s underlying return profile, today it makes up less than 1 per cent. In light of the declining interest rate environment, from 1 January 2021 the Group intends to reduce the dividend target to 5.5 pence per annum (payable quarterly) which, in the Board and the Investment Adviser’s view, is a more sustainable level of dividend which should be fully covered by earnings whilst ensuring we maintain our strong credit discipline whilst managing risk. On the share price at 30 June 2020, a dividend of 5.5 pence per annum represents an attractive 6.4 per cent dividend yield. |
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