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December 28, 2017
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 48.3443 from 47.7946 and the conversion rate applicable to its outstanding 4.00% Convertible Senior Notes due 2019 has been adjusted to 50.9581 from 50.4531, in each case effective December 28, 2017 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 13, 2017 , which adjustment was deferred and carried forward as permitted under the applicable indenture, and the cash dividend with an ex-dividend date of December 28, 2017 to be paid on January 15, 2018 . About Starwood Property Trust, Inc. Starwood Property Trust, Inc. (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group , is the largest commercial mortgage real estate investment trust in ...
November 27, 2017
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it has priced its private offering of $500 million aggregate principal amount of its 4.750% unsecured senior notes due March 2025 (the "Notes"). The Notes priced at 99.249% of the principal amount and the settlement of the offering is expected to occur on December 4, 2017 , subject to customary closing conditions. The Company intends to use all or substantially all of the net proceeds from this offering to repay a portion of the amount outstanding under its existing repurchase agreements and to use any remaining net proceeds for other general corporate purposes, which may include the repayment of indebtedness under its warehouse facilities and other indebtedness, the origination and purchase of additional commercial mortgage loans and other target assets and investments, the payment of other liabilities and other working capital needs. Amounts that the Company may repay under its revolving repurchase or ...
November 27, 2017
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it is offering $500 million aggregate principal amount of its unsecured senior notes due March 2025 (the "Notes") in a private offering. The Company intends to use all or substantially all of the net proceeds from the offering to repay a portion of the amount outstanding under its existing repurchase agreements and to use any remaining net proceeds for other general corporate purposes, which may include the repayment of indebtedness under its warehouse facilities and other indebtedness, the origination and purchase of additional commercial mortgage loans and other target assets and investments, the payment of other liabilities and other working capital needs. Amounts that the Company may repay under its revolving repurchase or credit facilities may be re-borrowed, subject to customary conditions. The Notes will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities ...
November 8, 2017
- Quarterly GAAP Earnings of $0.33 and Core Earnings of $0.65 per Diluted Common Share - - Deploys $2.1 Billion, including $1.1 Billion in Lending Segment and $553 Million on a Single-Tenant Triple Net Lease Acquisition - - Completes Sale of Majority of Investment in Ten-X for Proceeds of $66 Million - - Declares Dividend of $0.48 per share for the Fourth Quarter of 2017 - Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended September 30 , 2017.  The Company's third quarter 2017 GAAP net income was $88.4 million , or $0.33 per diluted share, and Core Earnings (a non-GAAP financial measure) was $170.9 million , or $0.65 per diluted share. Third quarter GAAP net income and Core Earnings included $0.05 and $0.13 per diluted share, respectively, from the sale of the Company's investment in Ten-X. "Our third quarter results were strong and were highlighted by over $2 billion of capital deployment across all of our business segments and ...
October 12, 2017
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its third quarter 2017 financial results on Wednesday, November 8, 2017 before the opening of trading on the New York Stock Exchange. A conference call will be held on Wednesday, November 8, 2017 at 10:00 a.m. 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 ...
August 9, 2017
- Quarterly GAAP Earnings of $0.44 and Core Earnings of $0.52 per Diluted Common Share - - Deploys $1.5 Billion of Capital - - Expands Borrowing Capacity with Membership in Federal Home Loan Bank of Chicago - - Expects Gains from Investment in Ten-X (formerly Auction.com) - - Declares Dividend of $0.48 per share for the Third Quarter of 2017 - PR Newswire  Starwood Property Trust, Inc. ( STWD ) (NYSE: STWD) today announced operating results for the fiscal quarter ended June 30, 2017.  The Company's second quarter 2017 GAAP net income was $117.4 million, or $0.44 per diluted share, and Core Earnings (a non-GAAP financial measure) was $136.8 million, or $0.52 per diluted share. "Our performance this quarter was driven by contributions from across our business segments," stated Barry Sternlicht, Chairman and CEO of Starwood Property Trust (SPT). "Our $1.5 billion of capital deployment included $871 million of floating-rate large loan originations that should benefit our results ...
July 17, 2017
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its second quarter 2017 financial results on Wednesday, August 9, 2017 before the opening of trading on the New York Stock Exchange. A conference call will be held on Wednesday, August 9, 2017 at 10:00 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: 1-888-397-5350 International: ...
June 28, 2017
 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 47.7946 from 47.2712 and the conversion rate applicable to its outstanding 4.00% Convertible Senior Notes due 2019 has been adjusted to 50.4531 from 49.9717, in each case effective June 28, 2017 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 14, 2017, which adjustment was deferred and carried forward as permitted under the applicable indenture, and the cash dividend with an ex-dividend date of June 28, 2017 to be paid on July 14, 2017. 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 ...
April 12, 2017
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its first quarter 2017 financial results on Tuesday, May 9, 2017 before the opening of trading on the New York Stock Exchange. A conference call will be held on Tuesday, May 9, 2017 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: 1-877-397-0292  International: ...
April 4, 2017
Starwood Property Trust (NYSE: STWD) announced today that its 2017 Annual Meeting of Shareholders will be held on May 4, 2017 at 1:30 p.m., Eastern time, at the 1 Hotel Brooklyn Bridge, 60 Furman Street, Brooklyn, New York 11202. Shareholders of record of the Company' as of the close of business on March 17, 2017 are entitled to vote at and attend the Annual Meeting. 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 Company's core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. Through its subsidiary LNR Property, LLC, the Company also operates as the largest commercial mortgage special servicer in the United States. Contact: Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788 ...
March 24, 2017
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of $250,000,000 aggregate principal amount of its 4.375% Convertible Senior Notes due 2023 (the "Notes"). The offering was upsized from the previously announced $200,000,000 aggregate principal amount. The Company intends to use the net proceeds from the offering to repurchase from time to time, in privately negotiated transactions, outstanding 4.55% convertible senior notes due 2018 of the Company. The Company may use any remaining net proceeds to fund potential future acquisitions or for general corporate purposes, including, but not limited to, the payment of liabilities and other working capital needs. Settlement of the offering is subject to customary closing conditions and is expected to occur on March 29, 2017. The Notes will be issued under the Company's currently effective shelf registration statement filed with the Securities and Exchange Commission. The ...
March 23, 2017
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it is offering $200,000,000 aggregate principal amount of its Convertible Senior Notes due 2023 (the "Notes") in an underwritten public offering.  The Company intends to use the net proceeds from the offering to repurchase from time to time, in privately negotiated transactions, outstanding 4.55% convertible senior notes due 2018 of the Company.  The Company may use any remaining net proceeds to fund potential future acquisitions or for general corporate purposes, including, but not limited to, the payment of liabilities and other working capital needs. Prior to October 1, 2022, 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. Upon conversion, holders will receive cash, shares of the Company's common stock or a combination ...
February 1, 2017
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its fourth quarter and full year 2016 financial results on Thursday, February 23, 2017 before the opening of trading on the New York Stock Exchange. A conference call will be held on Thursday, February 23, 2017 at 10:00 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 26, 2017
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, 2016: Form 1099 Reference:  (Boxes 1a + 2a + 3)  Box 1a  Box 1b  Box 2a Box 2b Box 3 Record Date Payable Date  Total Distribution Per Share  Ordinary Taxable Dividend  Taxable Qualified Dividends (1)  Total Capital Gain Distribution Unrecaptured 1250 Gain (2) Nondividend Distributions (3) 12/31/2015 1/15/2016 0.3294 0.3117 0.0268 0.0177 0.0000 0.0000 3/31/2016 4/15/2016 0.4800 0.4543 0.0390 0.0257 0.0000 0.0000 6/30/2016 7/15/2016 0.4800 0.4543 0.0390 0.0257 0.0000 0.0000 9/30/2016 10/17/2016 0.4800 0.4543 0.0390 0.0257 0.0000 0.0000 12/30/2016 1/13/2017 0.0938 0.0888 0.0078 0.0050 0.0000 0.0000 Totals 1.8632 1.7634 0.1516 0.0998 0.0000 0.0000 (1) Amounts in 1b are included in 1a (2) Amounts in 2b are included in 2a (3) Amounts in 3 are also known as Return of ...