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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 acquired a majority interest in Land Tejas, a Houston-based residential developer, enhancing its real estate portfolio. This acquisition includes 10 communities with 16,000 residential lots, targeting entry-level and move-up buyers in a high-demand market. CEO Mike Moser emphasized the strategic importance of this investment as it aligns with Starwood's focus on risk-reward ventures in the single-family housing sector. Starwood Capital, managing over $105 billion in assets, aims to leverage this opportunity for growth under Starwood Land Advisors.
Starwood Property Trust (NYSE: STWD) has declared a $0.48 dividend per share for the quarter ending December 31, 2021. This dividend is payable on January 14, 2022 to shareholders on record as of December 31, 2021. The company, which focuses on the real estate and infrastructure sectors, has deployed over $76 billion in capital since its inception and manages a portfolio valued at over $21 billion. The aim is to deliver stable returns primarily through dividends.
Starwood Property Trust (NYSE: STWD) has priced a public offering of 16,000,000 common stock shares, aiming for gross proceeds of approximately $397.1 million, or $456.7 million if the option for additional shares is exercised. The underwriters hold a 30-day option for up to 2,400,000 shares. Proceeds will be used to purchase commercial mortgage loans and for corporate purposes. Settlement is expected on December 10, 2021. The Company has deployed over $76 billion in capital since inception, managing a portfolio exceeding $21 billion.
Starwood Property Trust has announced a public offering of 16,000,000 shares of common stock, with an additional 2,400,000 shares available through underwriters. The proceeds will be used primarily for originating and purchasing commercial mortgage loans and other investments, with potential allocations for general corporate purposes. The offering is subject to market conditions and is registered with the SEC.
Citigroup, BofA Securities, Morgan Stanley, and Wells Fargo Securities are the joint book-running managers.
On Nov. 10, 2021, Starwood Real Estate Income Trust acquired a multifamily housing portfolio of 15,460 units from Strata Equity Group. The properties span 62 communities across 10 states, primarily in the Southeast, with growing populations and employment rates projected to double U.S. averages in the next five years. Strata will manage the assets post-acquisition. As of Sept. 30, 2021, SREIT had an asset value of $12.6 billion across 246 properties. This acquisition aligns with SREIT's strategy to enhance its portfolio stability and yield.
Starwood Property Trust (NYSE: STWD) reported strong Q3 2021 results, with GAAP net income at $128.6 million ($0.44/share) and Distributable Earnings of $155.1 million ($0.52/share). Post-quarter, the company established a new fund for its Woodstar affordable housing portfolio, selling a 20.6% interest for $1.1 billion above cost, enhancing shareholder value and validating $4.57/share in estimated property gains. Capital deployment reached $3.8 billion, with total portfolio growth to over $21 billion. The balance sheet was strengthened through a $400 million sustainability bond issuance.
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