Starwood Property Trust Announces Tax Reporting Information

Rhea-AI Summary

Starwood Property Trust (NYSE: STWD) announced the tax treatment for its common stock distributions for the calendar year ended December 31, 2022. The total cash distribution per share was $2.40, with $1.9955 classified as ordinary taxable dividends. Additionally, $0.5263 qualified as taxable qualified dividends, while $1.4467 was reported as capital gain distributions. Shareholders should note that due to excess cash distributions over earnings and profits in 2021, specific distributions were reported for both 2021 and 2022. For detailed tax reporting, stockholders can refer to the relevant Form 1099 documentation.

Positive

• Total cash distribution per share was $2.40.
• $1.9955 classified as ordinary taxable dividends.
• $0.5263 reported as taxable qualified dividends.
• $1.4467 reported as capital gain distributions.

Negative

• None.

GREENWICH, Conn., Jan. 30, 2023 /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, 2022:

Form 1099 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 (i)	Ordinary Taxable Dividend	Taxable Qualified Dividends (ii)	Total Capital Gain Distribution (iii)	Unrecaptured 1250 Gain (iv)	Section 897 Ordinary Dividends (ii)	Section 897 Capital Gain (iv)	Nondividend Distributions (v)	Section 199A dividends (ii)
12/31/2021	1/14/2022	0.4800	-0.4045	0.0755	0.0556	0.0009	0.0199	0.0007	0.0000	0.0186	0.0000	0.0547
3/31/2022	4/15/2022	0.4800	0.0000	0.4800	0.3534	0.0054	0.1266	0.0041	0.0000	0.1185	0.0000	0.3480
6/30/2022	7/15/2022	0.4800	0.0000	0.4800	0.3534	0.0054	0.1266	0.0041	0.0000	0.1185	0.0000	0.3480
9/30/2022	10/14/2022	0.4800	0.0000	0.4800	0.3534	0.0054	0.1266	0.0041	0.0000	0.1185	0.0000	0.3480
12/30/2022	1/13/2023	0.4800	0.0000	0.4800	0.3534	0.0054	0.1266	0.0041	0.0000	0.1185	0.0000	0.3480
	Totals	2.4000	-0.4045	1.9955	1.4692	0.0225	0.5263	0.0171	0.0000	0.4926	0.0000	1.4467

(i)	As the Company's aggregate 2021 cash distributions exceeded its 2021 earnings and profits, a portion of the January 2022 cash distribution declared in the fourth quarter of 2021 was treated as a 2022 distribution for federal income tax purposes and not included on the 2021 Form 1099. If you were a stockholder of record as of December 31, 2021, $0.4045 was reported on your 2021 Form 1099 and $0.0755 is reported on your 2022 Form 1099.
(ii)	Amounts in Box 1b, Box 2e, and Box 5 are included in Box 1a
(iii)	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 $0.1012 and the portion relating to the 'Three Year Amounts Disclosure' is equal to $0.0921.
(iv)	Amounts in Box 2b and Box 2f are included in Box 2a
(v)	Amounts in Box 3 are also known as Return of Capital

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 $93 billion of capital since inception and manages a portfolio of over $27 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-301733870.html

SOURCE Starwood Property Trust, Inc.

FAQ

What is the total cash distribution per share for STWD in 2022?

The total cash distribution per share for Starwood Property Trust (STWD) in 2022 was $2.40.

How much of the STWD distribution is classified as ordinary taxable dividends for 2022?

In 2022, $1.9955 of the Starwood Property Trust (STWD) distribution was classified as ordinary taxable dividends.

What are the capital gain distributions for STWD in 2022?

Starwood Property Trust (STWD) reported capital gain distributions of $1.4467 per share for the year 2022.

What is the reporting date for STWD's cash distribution?

The record date for Starwood Property Trust's (STWD) cash distribution was December 30, 2022.

When was the payable date for STWD's distribution in 2022?

The payable date for Starwood Property Trust's (STWD) distribution in 2022 was January 13, 2023.