Press release year list 2018 2017 2016 2015 2014 2013 2012 2011 2010
December 31, 2014
Starwood Property Trust, Inc. (NYSE: STWD) today announced that the conversion rate applicable to its outstanding 4.55% Convertible Senior Notes due 2018 has been adjusted to 45.1313 from 44.6455, and the conversion rate applicable to its outstanding 4.00% Convertible Senior Notes due 2019 has been adjusted to 47.9958 from 47.5456, in each case effective December 29, 2014 and subject to further adjustment as provided in the applicable governing indenture. The adjustments have been made pursuant to the terms of the notes as a result of the cash dividend paid on October 15, 2014, which adjustment was deferred and carried forward as permitted under the applicable indenture, and the cash dividend with an ex-dividend date of December 29, 2014 to be paid on January 15, 2015. About Starwood Property Trust, Inc. Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the ...
December 16, 2014
Starwood Property Trust (NYSE: STWD) announced today that its Board of Directors has authorized an amendment to its program for the repurchase of up to $250 million of its outstanding common shares to include the repurchase of convertible notes issued by the Company. Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions periodically as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock or convertible note price, applicable legal requirements and other factors. The program may be suspended or discontinued at any time. About Starwood Property Trust, Inc. Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United ...
October 27, 2014
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its third quarter financial results on Wednesday, November 5, 2014 before the opening of trading on the New York Stock Exchange.  A conference call will be held on Wednesday, November 5 2014 at 9:00 am. Eastern time. During the conference call, the Company's officers will review third quarter performance, discuss recent events and conduct a question-and-answer period. Webcast The conference call will also be available in the Investor Relations section of the Company's website at www.starwoodpropertytrust.com . To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.  A replay of the call will also be available for 90 days on the Company's website To Participate in the Telephone Conference Call: Dial in at least five minutes prior to start time. Domestic:  1-800-946-0709 International:  ...
October 2, 2014
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of $375,000,000 aggregate principal amount of its 3.75% Convertible Senior Notes due 2017 (the "Notes").  The underwriters have a 30-day option to purchase up to an additional $56,250,000 aggregate principal amount of the Notes from the Company to cover over-allotments, if any.  Settlement of the offering is subject to customary closing conditions and is expected to occur on October 8, 2014.  The Notes will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission.  The Notes will be the Company's senior unsecured obligations and will rank equally with all of its present and future senior unsecured debt and senior to any future subordinated debt. The Notes will pay interest semiannually at a rate of 3.75% per annum and will mature on October 15, 2017.  The Notes will have an initial conversion ...
October 2, 2014
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it is offering $500,000,000 aggregate principal amount of two series of its Convertible Senior Notes in an underwritten public offering, with one series to mature on October 15, 2017 (the "2017 Notes") and the other series to mature on October 15, 2019 (the "2019 Notes" and, together with the 2017 Notes, the "Notes").  Prior to April 15, 2017, in the case of the 2017 Notes, or April 15, 2019, in the case of the 2019 Notes, the Notes will be convertible only upon certain circumstances and during certain periods, and thereafter will be convertible at any time prior to the close of business on the second scheduled trading day prior to maturity of the Notes of the applicable series. Upon conversion, holders will receive cash, shares of the Company's common stock or a combination thereof at the Company's election. The underwriters will have the option to purchase within 30 days from the date of the offering up ...
September 26, 2014
Starwood Property Trust (NYSE: STWD) announced today that its Board of Directors has authorized the repurchase of up to $250 million of its outstanding common shares over a period of one year.  The share repurchase program will be funded through the Company's existing cash. Purchases made pursuant to the program will be made in either the open market or in privately negotiated transactions from time to time as permitted by federal securities laws and other legal requirements. The timing, manner, price and amount of any repurchases will be determined by the Company in its discretion and will be subject to economic and market conditions, stock price, applicable legal requirements and other factors. The program may be suspended or discontinued at any time. About Starwood Property Trust, Inc. Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United States. The ...
September 18, 2014
Starwood Property Trust, Inc. (NYSE: STWD) and Starwood Capital Group, the global private real estate investment firm, today announced that Jeffrey F. DiModica has been named President of Starwood Property Trust Inc., effective September 18, 2014.  In this role, Mr. DiModica replaces Boyd Fellows, who will leave the Company to pursue other opportunities, but will remain on Starwood Property Trust's Board of Directors. "We are pleased to add an executive with Jeff's deep expertise and high-caliber leadership ability to the Starwood Property Trust team. His extensive industry experience and long involvement with the business since its inception as a former member of the Board and Investment Committee of the Board, positions him to step seamlessly into this role," said Barry Sternlicht, Chairman and CEO of Starwood Capital Group and Starwood Property Trust. "Boyd was a great partner who helped to grow Starwood Property Trust during his time here.  We thank him for his efforts and are ...
July 17, 2014
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its second quarter financial results on Wednesday, August 6, 2014 before the opening of trading on the New York Stock Exchange. A conference call will be held on Wednesday, August 6, 2014 at 9:00 a.m. Eastern time. During the conference call, the Company's officers will review second quarter performance, discuss recent events and conduct a question-and-answer period. Webcast The conference call will also be available in the Investor Relations section of the Company's website at www.starwoodpropertytrust.com . To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. A replay of the call will also be available for 90 days on the Company's website To Participate in the Telephone Conference Call: Dial in at least five minutes prior to start time. Domestic:  1-888-713-4486 International:  ...
July 16, 2014
Starwood Property Trust, Inc. (NYSE: STWD) today announced that Sol Kumin, the former Chief Operating Officer of SAC Capital Advisors LP, has joined its Board of Directors. Mr. Kumin is replacing Jeffrey DiModica, who has accepted a position as Managing Director with Starwood Capital Group. Mr. Kumin was most recently at SAC Capital Advisors LP where he served as the Chief Operating Officer from 2008 to 2014.  Prior to joining SAC in 2005, he was a Vice President in the Equity Sales department at Sanford C. Bernstein & Co., part of AllianceBernstein LP. Mr. Kumin started his career at Lazard Asset Management as an associate in 1999. Mr. Kumin is a graduate of The Johns Hopkins University where he earned a bachelor's degree in Political Science and Government. Commenting on the appointment, Barry Sternlicht, Chairman and Chief Executive Officer of Starwood Property Trust, said, "We could not be more pleased that Sol has agreed to serve on Starwood Property Trust's Board. Sol is an ...
June 26, 2014
 Starwood Property Trust, Inc. (NYSE: STWD) today announced that the conversion rate applicable to its outstanding 4.55% Convertible Senior Notes due 2018 has been adjusted to 44.6455 from 44.1753 and the conversion rate applicable to its outstanding 4.00% Convertible Senior Notes due 2019 has been adjusted to 47.5456 from 47.1092, in each case effective June 26, 2014 and subject to further adjustment as provided in the applicable governing indenture. The adjustments have been made pursuant to the terms of the notes as a result of the cash dividend paid on April 15, 2014, which adjustment was deferred and carried forward as permitted under the applicable indenture, and the cash dividend with an ex-dividend date of June 26, 2014 to be paid on July 15, 2014. About Starwood Property Trust, Inc. Starwood Property Trust, Inc. is focused on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt investments, commercial ...
May 15, 2014
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it has adopted a Dividend Reinvestment and Direct Stock Purchase Plan (the "Plan"). The Plan has two components: a dividend reinvestment component and a direct stock purchase component. The dividend reinvestment component allows the Company's stockholders to designate all or a portion of the cash dividends on their shares of common stock for reinvestment in additional shares of common stock. The direct stock purchase component allows stockholders and new investors to purchase shares of common stock directly from the Company. The Plan will be administered through the Company's transfer agent, American Stock Transfer and Trust Company, LLC ("AST"). AST will purchase shares for the Plan either in the open market or directly from the Company as newly issued shares of common stock, as described in the Plan. Stockholders and other persons may obtain a copy of the Plan prospectus and enrollment applications by ...
May 6, 2014
announced today that, as part of the Company's previously disclosed transition plan, Rina Paniry, who currently serves as the Chief Financial Officer of subsidiary LNR Property LLC, has been promoted to Chief Financial Officer. Ms. Paniry will succeed Stew Ward effective May 7, 2014. "We welcome Rina as a member of our executive team here at Starwood Property Trust. Rina has been instrumental in leading the integration and transition of our core finance functions, including accounting, treasury, planning and tax, to LNR's Miami office following our acquisition of the business in 2013," said Barry Sternlicht, Chairman and Chief Executive Officer of Starwood Property Trust. "Her depth of experience and knowledge, along with her eight-year tenure at LNR and current responsibility for the Company's finance functions, give us great confidence in her ability to lead our financial team's efforts as CFO. I would also like to thank Stew for his tremendous work over the past four years.  He was ...
May 6, 2014
Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the first fiscal quarter ended March 31, 2014.  The Company's Core Earnings, a Non-GAAP financial measure, were $121.5 million, or $0.60 per diluted share, for the first quarter of 2014, compared to $58.1 million, or $0.43 per diluted share, for the first quarter of 2013. Excluding LNR's first quarter contribution to Core Earnings of $49.3 million, Core Earnings for the remaining business segments were $72.3 million in the first quarter, representing an increase of 24% over the same quarter last year. GAAP net income attributable to the Company for the first quarter of 2014 was $120.6 million, or $0.60 per diluted share, compared to $62.2 million, or $0.46 per diluted share, for the first quarter of 2013. "We are pleased by the continued momentum of our lending business, which generated $1.7 billion of originations in the first quarter of 2014, and is on track for the year to exceed the record $3.0 ...
April 15, 2014
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its first quarter financial results on Tuesday, May 6, 2014  before the opening of trading on the New York Stock Exchange.  A conference call will be held on Tuesday, May 6, 2014 at 10:00 a.m. Eastern time. During the conference call, the Company's officers will review first quarter performance, discuss recent events and conduct a question-and-answer period. Webcast The conference call will also be available in the Investor Relations section of the Company's website at www.starwoodpropertytrust.com . To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.  A replay of the call will also be available for 90 days on the Company's website. To Participate in the Telephone Conference Call: Dial in at least five minutes prior to start time. Domestic:  1-888-601-3878 International:  ...
April 8, 2014
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of 22,000,000 shares of its common stock for total estimated gross proceeds of approximately $496.1 million (or approximately $570.5 million if the option to purchase additional shares is exercised in full).  The underwriters have a 30-day option to purchase up to an additional 3,300,000 shares from the Company.  Settlement of the offering is subject to customary closing conditions and is expected to occur on April 11, 2014.  All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds received from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments.  The Company may also use a portion of the net proceeds for other general corporate purposes, including, but not ...
April 7, 2014
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it is offering 22,000,000 shares of its common stock in an underwritten public offering.  The underwriters will have a 30-day option from the date of the offering to purchase up to an additional 3,300,000 shares from the Company.  All of the shares will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The Company intends to use the net proceeds received from the offering to originate and purchase additional commercial mortgage loans and other target assets and investments.  The Company may also use a portion of the net proceeds for other general corporate purposes, including, but not limited to, the payment of liabilities and other working capital needs. Credit Suisse Securities (USA) LLC, BofA Merrill Lynch, Barclays Capital Inc., Citigroup Global Markets Inc. and Wells Fargo Securities, LLC will serve as joint book-running ...
March 10, 2014
Starwood Property Trust, Inc. (NYSE: STWD) today provided the tax basis for its previously completed spin-off of Starwood Waypoint Residential Trust (NYSE: SWAY).  Starwood Property Trust, Inc. completed the spin-off of SWAY on January 31, 2014 (the "Spin-off") by distributing one share of SWAY common stock for every five shares of STWD common stock held by the holders of STWD common stock as of 5:00 p.m., Eastern Time, on January 24, 2014, the spin-off record date. If you were not a holder of STWD common stock as of the record date for the Spin-off, the following information will not be applicable to you. If you purchased STWD shares after the record date or purchased SWAY shares in the open market, the following information will not be applicable to you. Tax Basis of Distributed SWAY Stock For U.S. federal income tax purposes, STWD intends to report the fair market value of the distribution at $28.84 per share of SWAY common stock distributed. Accordingly, every STWD stockholder who ...
February 19, 2014
 Starwood Property Trust, Inc. (NYSE: STWD) today announced that the conversion rate applicable to its outstanding 4.55% Convertible Senior Notes due 2018 has been adjusted to 44.1753 from 35.5391 and the conversion rate applicable to its outstanding 4.00% Convertible Senior Notes due 2019 has been adjusted to 47.1092 from 37.9896, in each case effective February 3, 2014 and subject to further adjustment as provided in the applicable governing indenture. The adjustments have been made pursuant to the terms of the notes as a result of Starwood Property Trust's spin-off of Starwood Waypoint Property Trust, and the adjustment applicable to the 4.55% Convertible Senior Notes due 2018 also reflects Starwood Property Trust's recognition of deferred adjustments relating to cash dividends paid since the second quarter of 2013, which adjustments were carried forward as permitted under the applicable indenture.  About Starwood Property Trust Starwood Property Trust is focused on ...
February 12, 2014
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its fourth quarter and full year 2013 financial results on Wednesday, February 26, 2014  before the opening of trading on the New York Stock Exchange.  A conference call will be held on Wednesday, February 26, 2014 at 11:00 a.m. Eastern time. During the conference call, the Company's officers will review fourth quarter performance, discuss recent events and conduct a question-and-answer period. Webcast The conference call will also be available in the Investor Relations section of the Company's website at www.starwoodpropertytrust.com . To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software.  A replay of the call will also be available for 90 days on the Company's website To Participate in the Telephone Conference Call: Dial in at least five minutes prior to start time. Domestic:  ...
January 30, 2014
Starwood Property Trust, Inc. (NYSE: STWD) today announced that it has amended its existing credit facility with Wells Fargo Bank, National Association to increase available borrowings under the facility by $450 million to $1.0 billion.  The facility, which the Company originally entered into in December 2010, was extended an additional minimum term of five years and is now set to initially mature in January 2019. The Company also improved the pricing of the facility and made other structural changes to conform the facility to current market standards.   The Company will use the additional proceeds to fund its loan origination and acquisition pipeline. Stew Ward, Chief Financial Officer of Starwood Property Trust, stated, "With the Company's pipeline of attractive opportunities continuing to expand, we are pleased to have secured this additional $450 million of financial capacity while also increasing the term of this facility a minimum of an additional five years.  This line, as well ...
January 28, 2014
Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced the tax treatment for the Company's aggregate distributions of $1.9546 per share of common stock (CUSIP: 85571B105) paid with respect to the calendar year ended December 31, 2013: Form 1099 Reference: (Boxes 1a + 2a + 3)  Box 1a  Box 1b  Box 2a Box 2b Box 3 Record Date Payable Date  Cash Distribution Per Share  Ordinary Taxable Dividend  Taxable Qualified Dividends (1)  Total Capital Gain Distribution Unrecaptured 1250 Gain (2) Nondividend Distributions (3) 12/31/12 01/15/13 0.2102 0.1963 0.0389 0.0118 - 0.0021 03/28/13 04/15/13 0.4400 0.4108 0.0814 0.0248 - 0.0044 06/28/13 07/15/13 0.4600 0.4295 0.0851 0.0259 - 0.0046 09/30/13 10/15/13 0.4600 0.4295 0.0851 0.0259 - 0.0046 12/31/13 01/15/14 0.3844 0.3589 0.0711 0.0217 - 0.0038 Totals 1.9546 1.8249 0.3616 0.1101 - 0.0195 ...
January 21, 2014
Starwood Property Trust, Inc. (NYSE: STWD) today announced that in anticipation of its upcoming spin-off of Starwood Waypoint Residential Trust ("SWAY") on January 31, 2014 (the "Distribution Date"), Starwood Property Trust is providing an update on the estimate of the book value per SWAY common share on the Distribution Date.  As of January 21, 2014, Starwood Property Trust estimates that the book value per SWAY common share on the Distribution Date will be approximately $26.47. Starwood Property Trust's estimate of the book value per SWAY common share on the Distribution Date is based on management's expectations as of January 21, 2014. No assurance can be given that this estimate or management's expectations will prove to be accurate, and an investor should not place undue reliance on this estimate. No assurance can be given that the fair market value per SWAY common share on the Distribution Date will not be less than or greater than Starwood Property Trust's estimate, as of ...
January 14, 2014
Starwood Property Trust, Inc. (NYSE: STWD) today announced that its Board of Directors has formally declared the distribution of common shares of Starwood Waypoint Residential Trust ("Starwood Waypoint"), a wholly owned subsidiary of Starwood Property Trust. The distribution will complete the spin-off of Starwood Waypoint from Starwood Property Trust. Following the distribution, Starwood Waypoint will be an independent, publicly-traded real estate investment trust ("REIT") primarily focused on investing in U.S. single-family rental homes and non-performing residential mortgage loans. The distribution will be made on or about January 31, 2014 (the "Distribution Date") to Starwood Property Trust stockholders of record ("STWD Record Holders") as of 5:00 p.m., Eastern Time, on January 24, 2014 (the "Record Date"). On the Distribution Date, Starwood Property Trust will distribute all of the Starwood Waypoint common shares to STWD Record Holders. Each STWD Record Holder will receive one ...