Starwood Property Trust Announces Tax Reporting Information

Rhea-AI Summary

Starwood Property Trust (NYSE: STWD) has released its tax reporting information for distributions on common stock paid during the calendar year 2024. The company paid four quarterly cash distributions of $0.48 per share, totaling $1.92 for the year. After adjustments, the total dividend per share was $1.5792.

The distributions were categorized as follows: $1.2525 as ordinary taxable dividends (including $0.2359 in qualified dividends), $0.3267 as total capital gain distributions (with $0.1497 as unrecaptured 1250 gain), and $1.0166 as Section 199A dividends. The December 2024 dividend was a split-year dividend, with $0.1392 allocable to 2024 and $0.3408 to 2025 for federal tax purposes.

Positive

• Consistent quarterly dividend payments of $0.48 per share throughout 2024
• Total annual distribution of $1.92 per share
• Qualified dividend portion represents 18.8% of total taxable dividends

Negative

• Final quarter dividend partially deferred to 2025 tax year ($0.3408 of $0.48)

GREENWICH, Conn., Jan. 29, 2025 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced the tax treatment for the Company's distributions on its common stock (CUSIP: 85571B105) paid with respect to the calendar year ended December 31, 2024:

Form 1099-DIV Reference:				(Boxes 1a + 2a + 3)	Box 1a	Box 1b	Box 2a	Box 2b	Box 2e	Box 2f	Box 3	Box 5
Record Date	Payable Date	Cash Distribution	Adjustment	Total Dividend Per Share	Ordinary Taxable Dividend	Taxable Qualified Dividends	Total Capital Gain Distribution	Unrecaptured 1250 Gain	Section 897 Ordinary Dividends	Section 897 Capital Gain	Nondividend Distributions	Section 199A dividends
				(v)		(i)	(ii)	(iii)	(i)	(iii)	(iv)	(i)
3/29/2024	4/15/2024	0.4800	0.0000	0.4800	0.3807	0.0717	0.0993	0.0455	0.0000	0.0866	0.0000	0.3090
6/28/2024	7/15/2024	0.4800	0.0000	0.4800	0.3807	0.0717	0.0993	0.0455	0.0000	0.0866	0.0000	0.3090
9/30/2024	10/15/2024	0.4800	0.0000	0.4800	0.3807	0.0717	0.0993	0.0455	0.0000	0.0866	0.0000	0.3090
12/31/2024	1/15/2025	0.4800	-0.3408	0.1392	0.1104	0.0208	0.0288	0.0132	0.0000	0.0251	0.0000	0.0896
	Totals	1.9200	-0.3408	1.5792	1.2525	0.2359	0.3267	0.1497	0.0000	0.2849	0.0000	1.0166
	(i)	Amounts in Box 1b, Box 2e, and Box 5 are included in Box 1a
	(ii)	For purposes of the disclosure required by Treas. Reg. Sec. 1.1061-6(c), the Company reports to direct or indirect holders
		of an 'applicable partnership interest' that the portion of the amounts shown on Box 2a relating to the 'One Year Amounts Disclosure'
		is equal to $0.0328 and the portion relating to the 'Three Year Amounts Disclosure' is equal to $0.0280.
	(iii)	Amounts in Box 2b and Box 2f are included in Box 2a
	(iv)	Amounts in Box 3 are also known as Return of Capital
	(v)	The cash dividend of $0.48 per share of common stock (with a record date of December 31, 2024, that was paid on January 15, 2025) is a split-year dividend, of which $0.1392 is allocable to 2024  for federal income tax purposes and the remaining $0.3408 will be allocable to 2025 for federal income tax purposes.

About Starwood Property Trust, Inc.

Starwood Property Trust (NYSE: STWD), is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. An affiliate of global private investment firm Starwood Capital Group, the Company has successfully deployed over $100 billion of capital since inception and manages a portfolio of over $26 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.

Contact:
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com

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SOURCE Starwood Property Trust, Inc.

FAQ

What is the total dividend distribution for STWD in 2024?

STWD's total cash distribution for 2024 was $1.92 per share, paid in four quarterly installments of $0.48 each.

How much of STWD's 2024 distributions are qualified dividends?

Of STWD's 2024 distributions, $0.2359 per share were classified as qualified dividends.

What is the tax treatment of STWD's December 2024 dividend?

The December 2024 dividend of $0.48 is split between tax years: $0.1392 for 2024 and $0.3408 for 2025.

How much of STWD's 2024 distributions are considered return of capital?

None of STWD's 2024 distributions were classified as return of capital (Box 3 shows $0.0000).

What portion of STWD's 2024 distributions qualify as Section 199A dividends?

STWD reported $1.0166 per share as Section 199A dividends for 2024.