STARWOOD PROPERTY TRUST, INC. - STWD STOCK NEWS

Starwood Capital Group has appointed Raul Leal as the new CEO of SH Hotels & Resorts, effective August 19, 2021. Leal succeeds Arash Azarbarzin and brings extensive industry experience, having previously led Virgin Hotels. His leadership is anticipated to accelerate SH's growth, particularly for the 1 Hotels, Treehouse Hotels, and Baccarat brands, which are expanding into new markets globally, including Toronto and London. Chairman Barry Sternlicht expressed confidence in Leal's capabilities to enhance guest services and brand innovation as the company aims for major industry recognition.

Starwood Capital Group expressed disappointment over Monmouth Real Estate Investment Corp.'s rejection of its all-cash acquisition proposal. The firm claims its offer provides over $100 million more value to Monmouth shareholders compared to their existing merger agreement with Equity Commonwealth, with EQC's current stock price at $26.61. Starwood believes shareholders will be dissatisfied with the EQC transaction if approved by a two-thirds vote. Starwood is prepared to execute its fully financed offer to enhance shareholder value.

Starwood Capital Group has made a revised proposal to acquire Monmouth Real Estate Investment Corporation for $19.51 per share, netting $18.88 after a $62.2 million termination fee to Equity Commonwealth. This enhanced offer, submitted on July 15, 2021, increases the previous bid of $18.70. Starwood emphasizes that its all-cash proposal provides more certainty and value than the existing merger agreement with EQC. The firm requests that Monmouth's Board declares this as a superior proposal and finalize the transaction promptly.

Starwood Property Trust (NYSE: STWD) will release its Q2 2021 financial results on August 5, 2021, before NYSE trading opens. A conference call is scheduled for the same day at 10:00 a.m. ET, where company officers will review performance and answer questions. Interested parties can access the conference call via the Company's website or by dialing in. Starwood manages over $18 billion in investments and aims to provide stable returns through dividends.

Starwood Property Trust (NYSE: STWD) announced a quarterly dividend of $0.48 per share for the quarter ending June 30, 2021. This dividend will be payable on July 15, 2021 to shareholders on record as of June 30, 2021. Starwood Property Trust, a diversified finance company focusing on real estate and infrastructure, has deployed over $69 billion in capital since inception and manages a portfolio exceeding $18 billion. The company aims to generate stable returns primarily through dividends.

Starwood Property Trust (NYSE: STWD) reported its Q1 2021 results, achieving a GAAP net income of $111.4 million or $0.38 per diluted share, and Distributable Earnings of $150.8 million or $0.50 per diluted share. The company deployed $2.7 billion in capital, boosting total post-COVID deployment to $5.7 billion. A notable achievement includes the upgrade of LNR by Fitch to the highest servicer rating globally. Starwood also closed two CLOs totaling $1.8 billion, enhancing balance sheet stability.

Starwood Property Trust (NYSE: STWD) will release its first quarter 2021 financial results on May 6, 2021, before market opening. A conference call is scheduled for the same day at 10:00 a.m. ET, where executives will review performance and answer questions. The results will be accessible on the company’s website. Starwood has deployed over $68 billion in capital since inception and manages a portfolio worth $18 billion to deliver stable returns primarily through dividends.