Starwood Property Trust Announces Tax Reporting Information

Rhea-AI Summary

Starwood Property Trust (NYSE: STWD) announced tax treatment for its common stock distributions for the year ending December 31, 2021. Investors will receive Form 1099 detailing their earnings and distributions. Total distribution per share is reported at $2.3245, with $1.2600 classified as ordinary taxable dividends. Notably, a portion of the 2021 earnings exceeds distributions, affecting tax reporting for 2022. The company has successfully deployed over $76 billion of capital and manages a diverse portfolio valued at over $21 billion, aiming to generate stable returns through dividends.

Positive

• Total distribution per share reported at $2.3245.
• $1.2600 classified as ordinary taxable dividends, indicating stable income for investors.
• Company has deployed over $76 billion of capital since inception, showcasing strong growth.
• Portfolio valued at over $21 billion, signifying financial stability and investment potential.

Negative

• A portion of the 2021 distributions exceeds earnings, which may complicate tax reporting for shareholders.

GREENWICH, Conn., Jan. 28, 2022 /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, 2021:

Form 1099 Reference:		(Boxes 1a + 2a + 3)	Box 1a		Box 1b	Box 2a	Box 2b	Box 3	Box 5
Record Date	Payable Date	Total Distribution Per Share		Ordinary Taxable Dividend	Taxable Qualified Dividends (1)	Total Capital Gain Distribution (2)	Unrecaptured 1250 Gain (3)	Nondividend Distributions (4)	Section 199A dividends (5)
12/31/2020*	1/15/2021	0.4800	0.2602		0.0054	0.2198	0.0169	0.0000	0.2548
3/31/2021	4/15/2021	0.4800	0.2602		0.0054	0.2198	0.0169	0.0000	0.2548
6/30/2021	7/15/2021	0.4800	0.2602		0.0054	0.2198	0.0169	0.0000	0.2548
9/30/2021	10/15/2021	0.4800	0.2602		0.0054	0.2198	0.0169	0.0000	0.2548
12/31/2021**	1/14/2022	0.4045	0.2192		0.0046	0.1853	0.0142	0.0000	0.2146
	Totals	2.3245	1.2600		0.0262	1.0645	0.0818	0.0000	1.2338
	(1)	Amounts in 1b are included in 1a
	(2)	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 Line 2a relating to the 'One Year   Amounts Disclosure' is equal to $0.4719 and the portion relating to the "Three Year Amounts Disclosure' is equal to $0.4711.
	(3)	Amounts in 2b are included in 2a
	(4)	Amounts in 3 are also known as Return of Capital
	(5)	Amounts in 5 are included in 1a

* The dividend with a record date of 12/31/2020, payable on 1/15/2021 represents the $0.48 per share fourth quarter 2020 dividend that exceeded 2020 tax earnings and thus was not included on the 2020 Form 1099-DIV.

**To the extent that total distributions for the year exceeded 2021 earnings, the portion of the fourth quarter distribution paid in January of 2022 that was equal to that excess will be treated as a 2022 distribution for federal tax purposes and is not included on the 2021 Form 1099.

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 $76 billion of capital since inception and manages a portfolio of over $21 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

View original content:https://www.prnewswire.com/news-releases/starwood-property-trust-announces-tax-reporting-information-301470947.html

SOURCE Starwood Property Trust, Inc.

FAQ

What is the total distribution per share for STWD for the year 2021?

The total distribution per share for STWD for the year 2021 is $2.3245.

How much of the total distribution is classified as ordinary taxable dividends for STWD?

For STWD, $1.2600 of the total distribution is classified as ordinary taxable dividends.

What impact does the distribution exceedance have on STWD shareholders for tax purposes?

The exceedance of distributions over earnings may complicate tax reporting for STWD shareholders in 2022.

How much capital has Starwood Property Trust deployed since inception?

Starwood Property Trust has deployed over $76 billion of capital since its inception.

What is the value of STWD's portfolio?

STWD manages a portfolio valued at over $21 billion.