24th Mar 2022 19:16
Starwood European Real Estate Finance Ltd - London-based investment company focused on real estate debt investments in the UK and Europe - Net asset value per share at December 31 stands at 103.09 pence, down 1.0% from 104.18p at the same time a year ago. NAV total return in 2021 totals 6.6%, up from 6.3% the previous year. Net assets total GBP421.6 million, down 1.2% from GBP426.7 million in 2020. Dividend falls 15% to 5.5p from 6.5p.
Looking forward, Chair John Whittle says: "The group is seeing a strong pipeline of opportunities for 2022, and with the increases in inflation rates currently being anticipated, the group, with 78% of the portfolio contracted at floating interest rates, is extremely well placed should interest rates increase as a result."
Current stock price: 91.20 pence
12-month change: up 8.3%
By Heather Rydings; [email protected]
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