STARWOOD PROPERTY TRUST, INC. - STWD STOCK NEWS

Starwood Capital Group announced the hiring of Jared Melnik as Managing Director and Head of Hotel Acquisitions for the Americas, effective March 22, 2021. Based in New York, Melnik will focus on sourcing acquisition opportunities in the hospitality and leisure sectors. With 15 years at KSL Capital Partners, he brings considerable experience in hotel and leisure investments. The firm, with over $75 billion in assets under management, continues to pursue attractive investment opportunities, reinforcing its leadership in the industry.

Cano Health has announced the formation of its Board of Directors following its business combination with Jaws Acquisition Corp. (NYSE: JWS). The board features diverse professionals from healthcare, technology, and finance, including Dr. Marlow Hernandez, who will serve as Chairman. The strategic expertise of board members, such as Elliot Cooperstone and Barry Sternlicht, is expected to support Cano Health’s growth as a publicly-traded company. Cano Health, which operates over 70 medical centers across multiple states, focuses on value-based primary care for seniors.

Starwood Property Trust (NYSE: STWD) declared a $0.48 per share dividend for Q1 2021, payable on April 15, 2021, to stockholders of record as of March 31, 2021. The company has allocated over $66 billion in capital since its inception and manages a portfolio exceeding $18 billion in debt and equity investments. Starwood aims to deliver attractive and stable returns to shareholders through dividends by capitalizing on prime investment opportunities in the real estate and infrastructure sectors.

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.