STARWOOD PROPERTY TRUST, INC. - STWD STOCK NEWS

Starwood Property Trust (NYSE: STWD) announced its first quarter 2023 financial results will be released on May 4, 2023, prior to the market opening. A conference call will follow at 10:00 a.m. Eastern Time to review performance and address investor questions. Interested parties can access the live webcast via the Investor Relations section of the Company's website. Starwood Property Trust, a leader in diversified finance focused on real estate and infrastructure, has deployed over $94 billion and manages a portfolio exceeding $28 billion. The Company aims to deliver attractive returns primarily through dividends.

Starwood Property Trust (NYSE: STWD) has appointed Deborah L. Harmon as an independent director, effective immediately. This decision expands the Board to nine members, with seven being independent. Ms. Harmon, co-founder and CEO of Artemis Real Estate Partners, brings valuable real estate expertise to the company. Her appointment, according to Barry Sternlicht, Chairman and CEO, underlines a commitment to strong governance. The annual meeting of shareholders is scheduled for May 18, 2023, where Ms. Harmon will stand for election. Starwood Property Trust, a major player in diversified finance, has deployed $94 billion in capital since inception and manages a portfolio exceeding $28 billion.

On March 28, 2023, Higharc announced a strategic investment from Ferguson Ventures and Starwood Capital Group, aimed at accelerating the adoption of its intelligent homebuilding platform among U.S. homebuilders. This funding, part of a push to enhance the integration of Ferguson's products into home designs, brings Higharc's total capital raised to over $30 million. The investment is expected to streamline design and purchasing processes, improve community opening speeds, and support the construction of homes more affordably. Higharc, founded in 2018, has already aided in designing and constructing 38 communities across the nation.

Starwood Property Trust (NYSE: STWD) declared a dividend of $0.48 per share for the quarter ending March 31, 2023. This dividend is payable on April 14, 2023 to stockholders of record as of March 31, 2023. Starwood is a diversified finance company focusing on real estate and infrastructure, having deployed over $94 billion in capital and managing a portfolio exceeding $28 billion. The company's investment strategy aims at generating stable returns for shareholders, mainly through dividends.

Starwood Property Trust (NYSE: STWD) reported its Q4 2022 earnings, achieving a GAAP net income of $140 million ($0.44 per diluted share) and Distributable Earnings of $160.5 million ($0.50 per diluted share). The company’s full-year GAAP net income was $871.5 million ($2.74 per diluted share) with a total asset value of $28.3 billion. In 2022, Starwood engaged in $10.7 billion of investment activities, including $5.3 billion in commercial real estate lending. The company declared a dividend of $0.48 per share and highlighted a year-over-year increase of 26% in book value, driven by robust investment performance.

Starwood Capital Group announced the launch of Starwood Impact Investors (SII) on February 1, 2023. This initiative focuses on investing in women and diverse-owned real estate firms across the U.S., aiming to address wealth disparities in the industry. Capital for these investments will come from existing vehicles and span various asset types. The initiative is led by Bakari Adams and reflects the firm’s commitment to ESG values. Since its inception, Starwood has raised over $70 billion and currently manages approximately $120 billion in assets. Starwood Property Trust (NYSE: STWD), the largest commercial mortgage REIT in the U.S., has deployed over $91 billion in capital.

Starwood Capital and AJ Capital have launched Field & Stream Lodge Co., a new hospitality platform aimed at creating 20 to 25 affordable hotels near outdoor attractions across the U.S. This initiative taps into the booming outdoor recreation market, driven by changing consumer preferences post-pandemic. Field & Stream, a well-known brand since 1871, will focus on modern yet authentic lodging experiences. Starwood Capital and AJ Capital will leverage their real estate expertise to fill gaps in the market for quality accommodation in areas where options are currently lacking.