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Starwood European Real Estate Finance Announces Impairment on Dublin Office Portfolio

Story Highlights
  • Starwood European Real Estate Finance Limited has impaired its Dublin office loan investment.
  • The company has returned £256.0 million to shareholders under its realisation strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Starwood European Real Estate Finance Announces Impairment on Dublin Office Portfolio

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An update from Starwood European Real Estate ate Finance ( (GB:SWEF) ) is now available.

Starwood European Real Estate Finance Limited has announced a significant impairment on its loan investment secured on a portfolio of properties in Central Dublin, reducing its carrying value to €6.75 million. This decision reflects the challenging dynamics of the Dublin office market and the company’s ongoing evaluation of business plan scenarios. The company has returned £256.0 million to shareholders as part of its orderly realisation strategy, representing 61.9% of its NAV as of January 2023.

Spark’s Take on GB:SWEF Stock

According to Spark, TipRanks’ AI Analyst, GB:SWEF is a Outperform.

Starwood European Real Estate Finance’s overall score is driven by its financial stability, high equity, and robust cash flows. The stock’s undervaluation and attractive dividend yield further support its appeal. However, limited price momentum and revenue growth fluctuations are notable risks.

To see Spark’s full report on GB:SWEF stock, click here.

More about Starwood European Real Estate ate Finance

Starwood European Real Estate Finance Limited is an investment company listed on the main market of the London Stock Exchange. Its primary objective is to conduct an orderly realisation of its assets. The company’s assets are managed by Starwood European Finance Partners Limited, a subsidiary of Starwood Capital Group.

Average Trading Volume: 60,414

Technical Sentiment Signal: Strong Buy

Current Market Cap: £132.1M

For an in-depth examination of SWEF stock, go to TipRanks’ Overview page.

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