STARWOOD PROPERTY TRUST, INC. - STWD STOCK NEWS

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.

Starwood Capital Group announced the hiring of David Matheson as Managing Director and Head of Real Estate for Europe, starting January 2022. Matheson, based in London, will focus on sourcing real estate acquisition opportunities across Europe. Having previously completed over $20 billion in transactions at Oxford Properties Group, he brings extensive experience in M&A and investment strategies to Starwood. The firm emphasizes its commitment to leveraging Matheson’s expertise to enhance its investment portfolio across the region.

Starwood Capital Group, a global private investment firm, has closed its Starwood Distressed Opportunity Fund XII (SOF XII) with over $10 billion in capital commitments, exceeding the $7.6 billion raised for its predecessor fund. This marks the largest fundraising in the firm's history. Currently, Starwood Capital maintains over $95 billion in assets under management. The fund has already deployed over 35% of its capital in 25 transactions across various countries, including the U.S., U.K., and Japan, focusing on diverse investment opportunities.

Starwood Property Trust (NYSE: STWD) will announce its third quarter 2021 financial results on November 9, 2021, before the NYSE opens. A conference call will follow at 10:00 a.m. ET on the same day, where company officers will discuss the quarterly performance and recent events. Interested attendees can access the call via the company's website. The earnings release will also be posted on their site on the announcement date, providing investors with essential insights into the company's performance.

Starwood Property Trust (NYSE: STWD) has declared a $0.48 per share dividend for the quarter ending September 30, 2021. This dividend is scheduled for payment on October 15, 2021 to shareholders on record as of September 30, 2021. The company has successfully deployed over $72 billion of capital since inception, managing a portfolio exceeding $19 billion across various debt and equity investments, aiming to generate stable returns for shareholders.

Starwood Capital Group has reaffirmed its readiness to complete an all-cash acquisition of Monmouth Real Estate Investment Corporation (MNR) at $19.20 per share. The Monmouth Board has declined to classify this offer as a 'Superior Proposal' under its existing agreement with Equity Commonwealth (EQC), which is facing shareholder resistance and an unfavorable ISS recommendation. Starwood urges Monmouth shareholders to demand board engagement to ensure maximum value is delivered.

A joint venture between Starwood Capital Group and Arrow Capital Partners has entered a recapitalization agreement for a portfolio of office and industrial assets valued at over A$760m in Sydney, Melbourne, and Brisbane. This strategic move aims to increase investment in the portfolio and offer liquidity for investors. The joint venture, which includes Altis Property Partners, targets leasing vacant spaces for long-term value creation. Previous investments in St Leonards and Zenith towers have raised total investments to over $1.5bn.