Press release year list 2018 2017 2016 2015 2014 2013 2012 2011 2010
September 5, 2018
- Increases Independent Board Members to Five -  Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that the Company has appointed Fred S. Ridley as an independent director to its Board of Directors, effective immediately. With the addition of Mr. Ridley, the Board expands to seven members, five of whom are independent. "As we continue to grow our global platform, with a highly diverse asset base now in excess of $15 billion, we believe it is the right time to expand the Company's Board to include an individual of Fred's caliber and experience. Fred brings a wealth of legal and real estate knowledge to STWD and we are very pleased to have him join the Board," commented Barry Sternlicht, Chairman and Chief Executive Officer of Starwood Property Trust. "We believe that the contribution and dedication of our Board has been one of the keys to Starwood's success and are committed to continuously enhancing our governance. With that, we are pleased to expand our Board ...
August 22, 2018
Starwood Property Trust, Inc. (NYSE: STWD) ("Starwood"), announced it has completed its inaugural residential mortgage securitization, STAR 2018-IMC1, a $374 million transaction comprised primarily of non-QM residential loans. The securitization is backed by 100% Impac Mortgage Corp. (NYSE American: IMH) ("Impac") originated or acquired mortgages, and the $275mm senior tranche of STAR 2018-IMC1 received a AAA rating from both S&P and KBRA with over 94% of the transaction rated at least investment grade. The transaction was comprised of 889 loans with a weighted-average credit score of 732 and loan-to-value of 62.8%. Mr. Jeffrey F. DiModica, President of Starwood Property Trust commented, "The closing of this securitization represents a further diversification of funding sources for our residential lending cylinder, which is an accretive new business with attractive growth prospects for our multi-cylinder platform." About Starwood Property Trust, Inc. Starwood Property Trust (NYSE: ...
August 14, 2018
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it is offering $300 million aggregate principal amount of its unsecured senior notes due August 2023 (the "Notes") in a private offering. The Company intends to use all or substantially all of the net proceeds received 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 the Company's warehouse facilities and other indebtedness, the origination and purchase of additional commercial mortgage loans and other target assets and investments, the payment of a portion of the purchase price for the Company's pending acquisition of the energy project finance origination, underwriting and capital markets business (the "Project Finance Debt Business") of GE Capital Global Holdings, LLC, the payment of other liabilities and other working ...
August 8, 2018
- Quarterly GAAP Earnings of $0.40 and Core Earnings of $0.54 per Diluted Common Share -
- Deploys a Record $2.8 Billion of Capital, including $2.2 Billion in Lending Segment -
- Year-to-Date Capital Deployed of $4.7 Billion, Up 63% Versus 2017 -
- Declares Dividend of $0.48 per share for the Third Quarter of 2018 -
- Subsequent to Quarter End, Commits to Acquire $2.6 Billion Platform and Loan Portfolio from GE Capital -  Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended June 30, 2018.  The Company's second quarter 2018 GAAP net income was $109.2 million, or $0.40 per diluted share, and Core Earnings (a non-GAAP financial measure) was $148.4 million, or $0.54 per diluted share. "I am very pleased with the performance of our Company this quarter, with every business line continuing to perform at or above our expectations. The majority of our earnings are still derived from our primary line of business, real ...
August 8, 2018
- Acquires $2.56 Billion Platform and Loan Portfolio -
- Expands Position as a Leading Global Multi-Cylinder Finance Company -
- Unique and Scalable Full Service Energy Project Finance Platform with $24 Billion of Origination Volume Since Inception -
- Acquisition Expected to be Accretive to Core Earnings -
- Leverages Existing Expertise at Starwood Energy Group - Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that the Company has entered into a definitive agreement to acquire GE Capital's Energy Financial Services' Project Finance Debt Business ("Energy Project Finance Debt Business") and loan portfolio (the "Loan Portfolio") for $2.56 billion, including $400 million of unfunded loan commitments. The acquired business will leverage the extensive experience of the Company's affiliate, Starwood Energy Group, which specializes in comparable energy infrastructure equity investments and has executed transactions with approximately $7 ...
July 10, 2018
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its second quarter 2018 financial results on Wednesday, August 8, 2018 before the opening of trading on the New York Stock Exchange. A conference call will be held on Wednesday, August 8, 2018 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: 1-877-407-9039 International: ...
June 28, 2018
Starwood Property Trust, Inc. (NYSE: STWD) today announced that the conversion rate applicable to its outstanding 4.00% Convertible Senior Notes due 2019 has been adjusted to 51.4738 from 50.9581 effective June 28, 2018 and subject to further adjustment as provided in the governing indenture. The adjustment has been made pursuant to the terms of the notes as a result of the cash dividend paid on April 13, 2018 , which adjustment was deferred and carried forward as permitted under the indenture, and the cash dividend with an ex-dividend date of June 28, 2018 to be paid on July 13, 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 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 ...
June 25, 2018
Starwood Property Trust (NYSE: STWD) ("Starwood") and Impac Mortgage Holdings, Inc. (NYSE American: IMH) ("Impac"), today announced that the two companies have entered into a strategic relationship to collaborate on the origination and securitization of non-qualified residential mortgage loans ("NonQM"). This strategic relationship will allow Impac to further increase its NonQM loan production, with Starwood agreeing to purchase up to $600 million of NonQM loans over the next 12 months that meet its investment criteria. Additionally, Impac will retain the right to co-invest, along with Starwood, in future Starwood-sponsored securitizations that contain NonQM loans originated by Impac. Starwood is working on an initial securitization of NonQM loans that will be 100% backed by Impac NonQM collateral.  As part of this securitization, Impac expects to co-invest in the securities issued and anticipates co-investing in future Starwood securitizations. Mr. Steven Ujvary, Senior Vice ...
May 4, 2018
- Quarterly GAAP Earnings of $0.38 and Core Earnings of $0.58 per Diluted Common Share - - Deploys $2.0 Billion of Capital - - Closes $405 Million of Previously Announced $595 Million Affordable Housing Portfolio Purchase - - Issues $500 Million of 3.625% Unsecured Notes (Swapped to L+128 bps) - - Retires $370 Million of 4.55% Convertible Senior Notes - - Declares Dividend of $0.48 per share for the Second Quarter of 2018 - Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended March 31 , 2018.  The Company's first quarter 2018 GAAP net income was $99.9 million , or $0.38 per diluted share, and Core Earnings (a non-GAAP financial measure) was $155.8 million , or $0.58 per diluted share. "2018 is off to a great start as we have put more than $2.5 billion of capital to work year-to-date, including $1.8 billion in our Lending Segment," commented Barry Sternlicht, Chairman and CEO of Starwood Property Trust. "Our advantaged access to ...
April 17, 2018
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its first quarter 2018 financial results on Friday, May 4, 2018 before the opening of trading on the New York Stock Exchange . A conference call will be held on Friday, May 4, 2018 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: 1-800-263-0877 International: ...
February 28, 2018
- Quarterly GAAP Earnings of $0.35 and Core Earnings of $0.55 per Diluted Common Share - - Deploys $7.3 Billion of Capital During 2017, up 15% from Prior Year - - Deploys $2.3 Billion of Capital During Fourth Quarter of 2017 - - Closes $156 Million of $595 Million Affordable Housing Portfolio - - Subsequent to Year End, Issues $500 Million of Three-Year Unsecured Notes at L+128 bps - - Declares Dividend of $0.48 per share for the First Quarter of 2018 - Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter and year ended December 31 , 2017.  The Company's fourth quarter 2017 GAAP net income was $92.6 million , or $0.35 per diluted share, and $400.8 million , or $1.52 per diluted share, for the full year.  Core Earnings (a non-GAAP financial measure) for the fourth quarter was $144.7 million , or $0.55 per diluted share and $584.2 million , or $2.23 per diluted share, for the full year. "We are very pleased with our performance in 2017.  ...
February 9, 2018
Starwood Property Trust, Inc. (NYSE: STWD) today announced that the Company has rescheduled the date of its earnings press release and conference call by one day. On Wednesday, February 28, 2018 the Company will release its fourth quarter and full year 2017 financial results before the opening of trading on the New York Stock Exchange . A conference call will be held on Wednesday, February 28, 2018 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. 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 ...
January 26, 2018
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, 2017 : 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) 12/30/2016 1/13/2017 0.3862 0.3485 0.0282 0.0377 0.0007 0.0000 3/31/2017 4/14/2017 0.4800 0.4331 0.0351 0.0469 0.0009 0.0000 6/30/2017 7/14/2017 0.4800 0.4331 0.0351 0.0469 0.0009 0.0000 9/29/2017 10/13/2017 0.4800 0.4331 0.0351 0.0469 0.0009 0.0000 12/29/2017 1/15/2018 0.1456 0.1315 0.0106 0.0141 0.0002 0.0000








Totals 1.9718 1.7793 0.1441 0.1925 0.0036 0.0000 (1) Amounts in 1b are included in 1a (2) Amounts in 2b are included ...
January 25, 2018
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its fourth quarter 2017 financial results on Tuesday, February 27, 2018 before the opening of trading on the New York Stock Exchange . A conference call will be held on Tuesday, February 27, 2018 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: 1-800-289-0517  ...
January 24, 2018
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it has upsized and priced its private offering of $500 million aggregate principal amount of its 3.625% unsecured senior notes due February 2021 (the "Notes"). The offering was upsized from the previously announced $400 million aggregate principal amount. The Notes priced at 100.000% of the principal amount and the settlement of the offering is expected to occur on January 29, 2018 , subject to customary closing conditions. The Company intends to use the net proceeds from the offering to pay the cash amounts due on its outstanding 4.55% Convertible Senior Notes due 2018 at maturity or upon conversion, and to use the remaining net proceeds to repay a portion of the amount outstanding under its existing repurchase agreements. The Convertible Senior Notes due 2018 mature on March 1, 2018, and, as of September 30, 2017, approximately $370 million aggregate principal amount of the Convertible Senior Notes due ...
January 24, 2018
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it is offering $400 million aggregate principal amount of its unsecured senior notes due January 2021 (the "Notes") in a private offering. The Company intends to use the net proceeds from the offering to pay the cash amounts due on its outstanding 4.55% Convertible Senior Notes due 2018 at maturity or upon conversion, and to use any remaining net proceeds to repay a portion of the amount outstanding under its existing repurchase agreements. The Convertible Senior Notes due 2018 mature on March 1, 2018, and, as of September 30, 2017, approximately $370 million aggregate principal amount of the Convertible Senior Notes due 2018 was outstanding. Amounts that the Company may repay under its revolving repurchase 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 Act of 1933, as amended ...
January 4, 2018
- Commits to Acquire 28 Property Portfolio for $600 Million- Starwood Property Trust, Inc. (NYSE: STWD), a leading diversified real estate finance company and the largest commercial mortgage REIT in the U.S., today announced that it has signed a definitive agreement to acquire an institutional-quality multifamily affordable housing portfolio in Florida comprised of 28 properties and 6,185 units for approximately $600 million . The portfolio is 99% leased and predominately located in Orlando with smaller concentrations in the West Palm Beach , Tampa , and Miami MSA's. Starwood Property Trust is acquiring the portfolio with a combination of units in a newly-formed subsidiary which are exchangeable into STWD common shares, cash and debt financing. "This uniquely structured, off-market investment in a high quality multifamily affordable housing portfolio is a great way to begin 2018," stated Barry Sternlicht, Chairman and CEO of Starwood Property Trust. "The properties are located in ...