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Starwood Property Trust, Inc. (NYSE: STWD) operates as a leading real estate investment trust (REIT) in the United States and Europe. The company focuses on four main segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing.
The Commercial and Residential Lending segment is engaged in originating, acquiring, financing, and managing commercial and residential first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities (RMBS). The Infrastructure Lending segment focuses on infrastructure debt investments, ensuring a diversified investment portfolio.
Within the Property segment, Starwood acquires and manages equity interests in commercial real estate properties, including multi-family properties. The Investing and Servicing segment deals with the management and workout of problem assets, as well as the acquisition and management of unrated, investment-grade, and non-investment grade rated CMBS.
Starwood Property Trust has a robust investment portfolio, having deployed over $97 billion of capital since its inception. As of March 31, 2024, the company manages a portfolio exceeding $26 billion across diverse debt and equity investments. The company aims to generate attractive and stable returns for shareholders, primarily through dividends.
Recent achievements include the monetization of their Master Lease Portfolio, reflecting their success in creating value from property assets. They also demonstrated strong access to liquidity through a $600 million five-year unsecured debt issuance, marking the first such issuance in their industry in over two years.
Latest News:
- April 9, 2024 - Starwood Property Trust to release Q1 2024 financial results on May 8, 2024.
- March 19, 2024 - Starwood Capital announces a 10.7% equity stake acquisition in ESR Group.
- March 15, 2024 - Declared a dividend of $0.48 per share for Q1 2024.
- March 8, 2024 - Starwood Capital and Jaws Mustang Acquisition Corp sign LOI for business combination.
- February 22, 2024 - Announced Q4 and full-year 2023 GAAP net income of $71 million and $339.2 million, respectively.
Starwood Capital Group has originated a £1.8 billion Term Loan as Mandated Lead Arrangers for Blackstone Capital Partners to acquire Bourne Leisure, a leading UK holiday company. Starwood holds £720 million split between two investment vehicles: Starwood Real Estate Income Trust and Starwood Property Trust (NYSE: STWD). Bourne Leisure operates popular brands including Haven and Butlin's, serving 4.5 million guests annually. This move aims to capitalize on the post-COVID recovery in the leisure sector, enhancing portfolio diversification and providing stable income streams.
Starwood Property Trust (NYSE: STWD) reported strong financial results for the fourth quarter and full year 2020. The fourth quarter saw a GAAP net income of $107 million ($0.37 per diluted share) and Distributable Earnings of $148.4 million ($0.50 per diluted share). For the entire year, GAAP net income totaled $331.7 million ($1.16 per diluted share), with Distributable Earnings reaching $585.3 million ($1.98 per diluted share). CEO Barry Sternlicht highlighted the company’s resilience during the pandemic, emphasizing liquidity and the successful deployment of $3 billion in capital to seize emerging opportunities.
Starwood Property Trust (NYSE: STWD) will announce its fourth quarter and full year 2020 financial results on February 25, 2021, before market opening. A conference call is scheduled for the same day at 10:00 a.m. ET, where company officers will discuss performance and answer questions. The earnings release will be available on the company's website, with playback options provided for those unable to attend live. Starwood Property Trust has successfully deployed over $65 billion in capital and manages a portfolio worth over $17 billion.
Starwood Property Trust (NYSE: STWD) announced the tax treatment for its 2020 distributions on January 26, 2021. The total distribution per share for the year was $1.9121, with ordinary dividends accounting for $1.5392. Notably, the fourth quarter of 2020 saw a distribution of $0.0000 due to tax earnings adjustments. Starwood has successfully deployed over $65 billion since inception and manages a portfolio valued at $17 billion, focusing on generating stable returns for shareholders through dividends.
Starwood Property Trust, Inc. (NYSE: STWD) declared a dividend of $0.48 per share for Q4 2020, payable on January 15, 2021. This dividend is for stockholders of record as of December 31, 2020. The company has deployed over $65 billion in capital and manages a portfolio exceeding $17 billion across various investments. Starwood aims to provide attractive and stable returns to shareholders primarily through dividends.
Starwood Property Trust (NYSE: STWD) announced the topping off of its new corporate headquarters at 2340 Collins Avenue, Miami Beach, a 144,430-square-foot 'Class A' office building, expected to be completed in late 2021. Starwood will occupy approximately 55% of the space. The development involves a $76 million construction loan from Citizens Bank and aims for LEED Gold and Wellness certifications. The building will include amenities like outdoor terraces and retail space, promoting tenant connectivity and sustainability, enhancing Miami Beach's evolution into a mixed-use community.
Starwood Property Trust announced its Q3 2020 results, reporting a GAAP net income of $151.8 million, or $0.52 per diluted share, alongside Core Earnings of $148.6 million, or $0.50 per diluted share. The company deployed $1.5 billion during the quarter, capitalizing on lucrative opportunities. Addressing upcoming debt maturities, it raised funds through two successful debt offerings, including its first sustainability bond. With a liquidity of over $880 million and a significant portion of its portfolio in affordable housing producing high yields, Starwood remains well-positioned for future investments.
Starwood Property Trust (NYSE: STWD) will release its Q3 2020 financial results on November 5, 2020, before market opening. A conference call is scheduled for the same day at 10:00 a.m. ET to discuss performance and recent developments. The earnings release will be accessible on the company’s website, with a playback available until November 12, 2020. Starwood has deployed over $63 billion in capital and manages a portfolio exceeding $17 billion, focusing on generating stable returns through dividends.
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