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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 Property Trust (NYSE: STWD) announced the tax treatment for its common stock distributions for the calendar year ended December 31, 2022. The total cash distribution per share was $2.40, with $1.9955 classified as ordinary taxable dividends. Additionally, $0.5263 qualified as taxable qualified dividends, while $1.4467 was reported as capital gain distributions. Shareholders should note that due to excess cash distributions over earnings and profits in 2021, specific distributions were reported for both 2021 and 2022. For detailed tax reporting, stockholders can refer to the relevant Form 1099 documentation.
Starwood Property Trust (NYSE: STWD) will announce its fourth quarter and full year 2022 financial results on March 1, 2023, prior to market opening. A conference call is scheduled for the same day at 10:00 a.m. ET, during which company officers will discuss performance and recent events, followed by a Q&A session. Interested parties can access the call via the Investor Relations section of the company's website, with a replay available for 90 days. Starwood Property Trust focuses on real estate and infrastructure sectors, managing over $27 billion in assets and has deployed over $93 billion since inception.
Starwood Property Trust (NYSE: STWD) declared a quarterly dividend of $0.48 per share for the period ending December 31, 2022. This dividend is scheduled for payment on January 13, 2023 to stockholders recorded as of December 30, 2022. The company, affiliated with Starwood Capital Group, has invested over $93 billion since inception and manages a portfolio exceeding $27 billion across various debt and equity investments, aiming to deliver stable returns primarily through dividends.
Starwood Property Trust reported a strong third quarter for 2022, achieving GAAP net income of $194.6 million ($0.61 per diluted share) and Distributable Earnings of $163.3 million ($0.51 per diluted share). The company undertook $1.3 billion in investments, including $0.9 billion in commercial lending, and increased its undepreciated book value by $0.18 to $21.69 per share. A new $600 million term loan enhances liquidity, which now stands at $1.3 billion. Additionally, LNR regained its position as the largest special servicer in the U.S., servicing over $100 billion.
Starwood Property Trust (NYSE: STWD) will announce its third quarter financial results on November 9, 2022, 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 recent events, followed by a Q&A session. The earnings release will be available on the company's website. Starwood Capital Group has deployed over $91 billion in capital since inception, managing a portfolio exceeding $27 billion across debt and equity investments.
EnviroSpark has partnered with Starwood Capital Group to install over 400 electric vehicle (EV) charging stations at 82 multi-family properties across the U.S. This multi-million dollar deal, the largest of its kind for a single owner of multi-family properties, aims to expand EV access to over 55,000 consumers in 12 states within the next six to 12 months. EnviroSpark's CEO highlights this initiative as crucial for enhancing EV infrastructure, particularly in underserved multi-family segments. Since its inception in 2014, EnviroSpark has installed over 5,500 charging ports.
Starwood Energy and energyRe launched Radial Power, a joint venture aimed at providing advanced clean energy solutions for large real estate and commercial & industrial asset owners. Radial Power aims to unlock revenue from underutilized properties, deliver cost savings, and assist in North America's energy transition. The venture is supported by investment affiliates with a combined portfolio of over $175 billion in real estate. Radial Power will focus on sustainable energy solutions, including solar and EV charging technologies, to meet ESG objectives across its partners' properties.
Starwood Property Trust (NYSE: STWD) announced a $0.48 per share dividend for Q3 2022, payable on October 14, 2022. Stockholders of record by September 30, 2022 will receive this payment. The Company, a leader in diversified finance, has deployed over $91 billion in capital since its inception and manages a portfolio exceeding $27 billion. Starwood's aim is to provide attractive returns for shareholders through dividends by leveraging its global organization for optimal investment opportunities.
Starwood Property Trust, NYSE: STWD, reported Q2 2022 GAAP earnings of $0.67 and Distributable Earnings (DE) of $0.51 per diluted share. The company achieved $3.8 billion in new investments, enhancing its portfolio to a record $27 billion. Notably, undepreciated book value rose 26% year-over-year to $21.51. The company paid a dividend of $0.48 per share. The commercial loan portfolio's loan-to-value (LTV) ratio stands at 61%, with a significant shift towards multifamily loans, reflecting strategic positioning amidst market volatility.
Starwood Property Trust (NYSE: STWD) will release its second quarter financial results on August 4, 2022, before the stock market opens. A conference call is scheduled for the same day at 10:00 a.m. ET to discuss performance and recent developments, followed by a Q&A session. Investors can access the live call through the company's website and listen to a replay available for 90 days. Starwood manages a portfolio of over $25 billion across debt and equity investments.
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