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SWEF Starwood European Real Estate Finance Limited

92.00
-1.00 (-1.08%)
23 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Starwood European Real Estate Finance Limited LSE:SWEF London Ordinary Share GG00BRC3R375 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -1.08% 92.00 3,177 16:35:18
Bid Price Offer Price High Price Low Price Open Price
91.00 93.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 39.02M 29.36M 0.0742 12.53 367.9M
Last Trade Time Trade Type Trade Size Trade Price Currency
15:11:56 O 3,177 91.50 GBX

Starwood European Real E... (SWEF) Latest News

Starwood European Real E... (SWEF) Discussions and Chat

Starwood European Real E... Forums and Chat

Date Time Title Posts
19/3/202414:14Commercial Real Estate Debt - 7% Yield102
22/4/202208:20Starwood European Real Estate Finance5

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Starwood European Real E... (SWEF) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-23 14:11:5691.503,1772,906.96O

Starwood European Real E... (SWEF) Top Chat Posts

Top Posts
Posted at 23/4/2024 09:20 by Starwood European Real E... Daily Update
Starwood European Real Estate Finance Limited is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker SWEF. The last closing price for Starwood European Real E... was 93p.
Starwood European Real E... currently has 395,592,696 shares in issue. The market capitalisation of Starwood European Real E... is £367,901,207.
Starwood European Real E... has a price to earnings ratio (PE ratio) of 12.53.
This morning SWEF shares opened at -
Posted at 26/7/2023 14:38 by makinbuks
Latest factsheet for 30th June

hxxps://starwoodeuropeanfinance.com/media/1404/starwood-23-041-q3-fact-sheet-05.pdf

NAV 103.75p
£61m (16% of book)expected repayment in coming weeks, will distribute a further £13.7m being the excess over final existing commitments
Some signs of stress with one provision of £1.7m raised, but in a case where the LTV is 94% against an accepted sale price
Posted at 21/7/2022 08:47 by makinbuks
A share buyback programme is a clear indication that the portfolio continues to perform. Rising interest rates are going to work in our favour too with a high proportion of the portfolio lent on a floating basis
Posted at 22/4/2022 08:20 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 07:13 by killing_time
SWEF NAV up to 103.13p for March.
Posted at 21/1/2022 11:01 by killing_time
Thanks Makinbuks

From 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 21/1/2022 10:59 by makinbuks
No I read Investigate every day for RNS's. Purely on a time basis I only tend to read the 7am announcements. This is the link to todays announcement:



but if you click on the "Todays Announcements" button you see a full list of them

Theres a similar feed on the LSE site
Posted at 10/10/2021 13:52 by stemis
Surely if interest rates do start to rise then the rates SWEF charge will also increase, leading to higher dividends?
Posted at 26/8/2020 18:18 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.
Posted at 13/8/2020 10:58 by makinbuks
Nothing out of the ordinary and paid for of course, but good to see the managers trying to cut the discount with this article and the share buyback scheme underway
Posted at 16/11/2018 16:41 by jonwig
Skinny - I think a movement down from premium is expected now, with the increased risk of default (increased rates, eurozone stress) which would be a big hit even with a single issue. They say:

If a borrower defaults on a loan and the real estate market enters a downturn it could materially and adversely affect the value of the collateral over which loans are secured. However, this risk is considered by the Board to constitute credit risk as it relates to the borrower defaulting on the loan and not directly to any movements in the real estate market. The Group's exposure to market price risk arises from Credit Linked Notes held by the Group and classified as assets at fair value through profit or loss. The Group considers that there is no material market price risk at the end of the reporting period.

I'm moderately relaxed but not laid back, as it were.
Starwood European Real E... share price data is direct from the London Stock Exchange

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