Starwood Property Trust Announces $0.48 Per Share Dividend for Third and Fourth Quarters 2024
Starwood Property Trust (NYSE: STWD) has announced a $0.48 per share dividend for both the third and fourth quarters of 2024. The third quarter dividend will be paid on October 15, 2024, to stockholders of record as of September 30, 2024, while the fourth quarter dividend will be paid on January 15, 2025, to stockholders of record as of December 31, 2024.
Chairman and CEO Barry Sternlicht expressed confidence in maintaining the dividend, citing the company's differentiated multi-cylinder structure and low leverage balance sheet. The company also has the potential to monetize over $4.00 per share of distributable earnings gains from owned property. President Jeffrey DiModica highlighted the company's strong financial position, with $4.5 billion in unencumbered assets and the capacity to issue over $2.0 billion of incremental debt without amending covenants.
Starwood Property Trust (NYSE: STWD) ha annunciato un dividendo di $0,48 per azione per i terzi e quarti trimestri del 2024. Il dividendo del terzo trimestre sarà pagato il 15 ottobre 2024 agli azionisti registrati al 30 settembre 2024, mentre il dividendo del quarto trimestre sarà pagato il 15 gennaio 2025 agli azionisti registrati al 31 dicembre 2024.
Il presidente e CEO Barry Sternlicht ha espresso fiducia nel mantenere il dividendo, citando la struttura differenziata dell'azienda e il basso livello di indebitamento. L'azienda ha anche il potenziale di monetizzare oltre $4,00 per azione di guadagni distribuibili provenienti da proprietà possedute. Il presidente Jeffrey DiModica ha sottolineato la solida posizione finanziaria dell'azienda, con $4,5 miliardi in attivi non gravati e la capacità di emettere oltre $2,0 miliardi di debito incrementale senza modificare i vincoli.
Starwood Property Trust (NYSE: STWD) ha anunciado un dividendo de $0.48 por acción para los terceros y cuartos trimestres de 2024. El dividendo del tercer trimestre se pagará el 15 de octubre de 2024 a los accionistas registrados hasta el 30 de septiembre de 2024, mientras que el dividendo del cuarto trimestre se pagará el 15 de enero de 2025 a los accionistas registrados hasta el 31 de diciembre de 2024.
El presidente y CEO Barry Sternlicht expresó confianza en mantener el dividendo, citando la estructura diferenciada de la empresa y su bajo apalancamiento. La empresa también tiene el potencial de monetizar más de $4.00 por acción en ganancias distribuibles de propiedades propias. El presidente Jeffrey DiModica destacó la fuerte posición financiera de la empresa, con $4.5 mil millones en activos no gravados y la capacidad de emitir más de $2.0 mil millones de deuda incremental sin modificar los convenios.
스타우드 프로퍼티 트러스트 (NYSE: STWD)는 2024년 3분기와 4분기에 대한 주당 $0.48 배당금을 발표했습니다. 3분기 배당금은 2024년 10월 15일에 2024년 9월 30일 기준 주주에게 지급되며, 4분기 배당금은 2025년 1월 15일에 2024년 12월 31일 기준 주주에게 지급됩니다.
회장 겸 CEO인 배리 스턴리히트는 회사의 차별화된 다중 실린더 구조와 낮은 레버리지 자산 상태를 언급하며 배당금을 유지할 것이라는 자신감을 나타냈습니다. 회사는 또한 보유 자산에서 주당 $4.00 이상의 배당 가능한 수익을 창출할 수 있는 가능성이 있습니다. 사장 제프리 디모디카는 제한 없는 자산 $45억과 계약을 수정하지 않고 $20억의 추가 부채를 발행할 수 있는 능력으로 회사의 강력한 재무 상태를 강조했습니다.
Starwood Property Trust (NYSE: STWD) a annoncé un dividende de 0,48 $ par action pour les troisième et quatrième trimestres de 2024. Le dividende du troisième trimestre sera versé le 15 octobre 2024 aux actionnaires enregistrés au 30 septembre 2024, tandis que le dividende du quatrième trimestre sera versé le 15 janvier 2025 aux actionnaires enregistrés au 31 décembre 2024.
Le président et PDG Barry Sternlicht a exprimé sa confiance dans le maintien du dividende, citant la structure différenciée de l'entreprise et un bilan à faible effet de levier. L'entreprise a également le potentiel de monétiser plus de 4,00 $ par action de gains distribuables provenant de propriétés détenues. Le président Jeffrey DiModica a souligné la solide position financière de l'entreprise, avec 4,5 milliards $ d'actifs libres de toute charge et la capacité d'émettre plus de 2,0 milliards $ de nouvelles dettes sans modifier les covenants.
Starwood Property Trust (NYSE: STWD) hat eine Dividende von 0,48 $ pro Aktie für das dritte und vierte Quartal 2024 angekündigt. Die Dividende für das dritte Quartal wird am 15. Oktober 2024 an die Aktionäre ausgezahlt, die am 30. September 2024 im Aktienregister stehen, während die Dividende für das vierte Quartal am 15. Januar 2025 an die Aktionäre ausgezahlt wird, die am 31. Dezember 2024 im Aktienregister stehen.
Vorsitzender und CEO Barry Sternlicht äußerte Vertrauen in die Beibehaltung der Dividende, da die differenzierte Multizylinderstruktur des Unternehmens und die niedrige Verschuldung angesprochen wurden. Das Unternehmen hat zudem das Potenzial, über 4,00 $ pro Aktie an ausschüttbaren Erträgen aus eigener Immobilien zu monetarisieren. Präsident Jeffrey DiModica hob die starke Finanzlage des Unternehmens hervor, mit 4,5 Milliarden $ an lastenfreien Vermögenswerten und der Fähigkeit, mehr als 2,0 Milliarden $ an zusätzlicher Schulden aufzunehmen, ohne die Bedingungen zu ändern.
- Maintained dividend of $0.48 per share for Q3 and Q4 2024
- Low leverage balance sheet enabling outperformance in volatile times
- $4.00 per share of potential distributable earnings gains from owned property
- $4.5 billion of unencumbered assets
- Capacity to issue over $2.0 billion of incremental debt without amending covenants
- Expected increase in fixed charge coverage ratio
- None.
"We created a differentiated multi-cylinder company and have maintained a low leverage balance sheet in order to enable us to outperform in times of volatility. We expect to maintain our dividend for the foreseeable future assuming macro and market conditions don't materially change. As a result, our Board has declared our third and fourth quarter dividends of
"With
Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm, Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. As of March 31, 2024, the Company has successfully deployed over
Statements in this press release which are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are developed by combining currently available information with our beliefs and assumptions and are generally identified by the words "believe," "expect," "anticipate" and other similar expressions. Although Starwood Property Trust, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, completion of pending investments and financings, continued ability to acquire additional investments, competition within the finance and real estate industries, availability of financing, and other risks detailed under the heading "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as well as other risks and uncertainties set forth from time to time in the Company's reports filed with the SEC, including its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024.
In light of these risks and uncertainties, there can be no assurances that the results referred to in the forward-looking statements contained herein will in fact occur. Except to the extent required by applicable law or regulation, we undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, changes to future results over time or otherwise.
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com
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SOURCE Starwood Property Trust, Inc.
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