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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
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 93.00 | 08:05:44 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 93.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 24/10/2022 09:29 by makinbuks Not sure what they mean by this:"In addition, the Board has been consulting with investors in recent weeks in recognition of the ongoing discount control assessment period." They have £139m maturing in the next 12 months so plenty of cash around |
Posted at 13/8/2020 10:56 by makinbuks hxxps://www.trustint |
Posted at 29/4/2015 10:47 by salchow Jonwig - no I wouldn't be worried but it may make investors think before buying at the current price. Had the loans been longer term then it would be more attractive. Having said that interest rates may one day increase making it easier to maintain the current level of income. |
Posted at 15/4/2014 23:30 by hugepants Ive some SWEF but is LBOW better? This is from the LBOW thread (mentions SWEF).davebowler 10 Apr'14 - 10:03 - 7 of 8 0 0 Investec Insights ¢ Today's announcement is excellent news and takes LBOW to substantially fully-invested, and more-or-less within the time-frame set out at launch (12 months). This is in contrast with SWEF which has struggled to deploy the capital it raised at launch. We understand the property-lending space remains competitive and we prefer the regional UK exposure the LBOW team offer, rather than a London-centric approach. ¢ The underlying loan metrics mean the company's target return of a 6% pa dividend should be more than fully met going forwards. Net of fees and expenses, we believe a run-to-maturity IRR of 7.2% pa looks achievable. We think ICG Longbow have now demonstrated they are amongst the market leaders in UK Commercial Property Senior Secured Lending. ¢ We continue to like the property debt space and think LBOW highlights the very attractive risk / reward profile experienced managers can offer to investors right at the top of the capital structure with low LTVs. (In all cases, LBOW's loans are given the senior secured position and the average portfolio LTV is 61%, with 160% interest coverage ratio.) ¢ We note the potential tenth investment opportunity and look forward to an announcement on it (in the near future. We also expect the company's maiden set of final results soon. ¢ Looking at the other funds within the property debt space which, to reiterate, we main bullish on LBOW offers the purest senior-loan exposure but we also believe RECI's more diverse strategy of bond and loan exposure offers investors excellent returns; a 12 month dividend yield of 6.1% with the shares trading around par. This is a much more attractive proposition, in our view, than SWEF which is currently 71% committed and trades at a premium of 3.4% and yields 3% (although this should increase when the fund becomes fully invested). |
Posted at 02/4/2014 17:29 by jonwig FT:International investors pile into eurozone real estate But the positive outlook is not being driven by an improvement in the continent's economic fundamentals. Very few property markets across the eurozone have yet seen an increase in occupier demand or rents. Instead the sudden good mood is being fuelled by international investors, who have piled into the region's property market in recent months. After yesterday's ... The Board of Starwood European Real Estate Finance Limited (the "Company") announces that it has today published a circular (the "Circular") to Shareholders setting out and recommending its proposal to amend the Company's investment policy in order to: [...] · allow the Company the flexibility to make investments in Spain and Italy, A slight concern there? |
Posted at 23/1/2014 12:56 by m1das_touch Recently increased my own holding jonwig - very little financial press coverage and the company seems to be under the radar of many investors.With so many REITS and other property funds trading at well above NAV and looking expensive, I think this could re-rate as the remaining cash is invested and the forward 7% yield comes to investors' attention. |
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