October 8, 2024
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its third quarter 2024 financial results on Wednesday, November 6, 2024 before the opening of trading on the New York Stock Exchange. A conference call will be held on Wednesday, November 6, 2024 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 time.
Domestic: 1-877-407-9039
...
September 26, 2024
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it has priced its private offering of $400 million aggregate principal amount of its 6.000% unsecured senior notes due 2030 (the "Notes"). The Notes priced at 100.0% of the principal amount and the settlement of the offering is expected to occur on October 10, 2024, subject to customary closing conditions. The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects. Net proceeds allocated to previously incurred costs associated with eligible green and/or social projects will be available for the repayment of indebtedness previously incurred. Pending full allocation of an amount equal to the net proceeds to eligible green and/or social projects, the Company intends to use the net proceeds for general corporate purposes, including the repayment of outstanding indebtedness
...
September 26, 2024
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that, subject to market and other conditions, it is offering $400 million aggregate principal amount of its unsecured senior notes due 2030 (the "Notes") in a private offering. The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects. Net proceeds allocated to previously incurred costs associated with eligible green and/or social projects will be available for the repayment of indebtedness previously incurred. Pending full allocation of an amount equal to the net proceeds to eligible green and/or social projects, the Company intends to use the net proceeds for general corporate purposes, including the repayment of outstanding indebtedness under the Company's repurchase facilities. The Notes will be offered only to persons reasonably believed to be qualified institutional
...
September 5, 2024
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that the underwriters for the Company's recently completed public offering of 17,500,000 shares of its common stock have fully exercised their option to purchase an additional 2,625,000 shares. After giving effect to the full exercise of the option, the aggregate net proceeds of the offering of the 20,125,000 shares of common stock will be approximately $391.7 million after deducting the Company's estimated expenses. Settlement of the sale of the additional shares is expected to take place on September 6, 2024, subject to customary closing conditions, with settlement of the initial shares having taken place on September 5, 2024. All of the shares have been or 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
...
September 3, 2024
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced the pricing of an underwritten public offering of 17,500,000 shares of its common stock for total estimated gross proceeds of approximately $345.1 million (or approximately $396.9 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 2,625,000 shares from the Company. Settlement of the offering is subject to customary closing conditions and is expected to occur on September 5, 2024. 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
...
September 3, 2024
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that, subject to market and other conditions, it is offering 17,500,000 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 2,625,000 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 repayment of outstanding indebtedness under the Company's repurchase facilities. Citigroup, Goldman Sachs & Co. LLC and Morgan Stanley will serve as joint book-running managers for the
...
August 6, 2024
– Quarterly GAAP Earnings of $0.24 and Distributable Earnings (DE) of $0.48 per Diluted Share – – Paid Dividend of $0.48 per Share and Declared $0.48 Dividend for each of the next Two Quarters – – Received Repayments of $0.9 Billion in the Quarter – – Repriced our $591.0 Million Term Loan B, Reducing Spread by 50 bps to S+275 – Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended June 30, 2024. The Company's second quarter 2024 GAAP net income was $77.9 million, inclusive of a $42.7 million credit loss provision, and Distributable Earnings (a non-GAAP financial measure) was $157.8 million. "We strategically diversified Starwood Property Trust into investment cylinders other than commercial lending as we saw risk and reward shift. Today, more than 40% of our assets are outside of our commercial lending book. This diversification, along with our low leverage ratios, have allowed us to outperform in what has been a tough correction
...
July 24, 2024
Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarters ending September 30, 2024 and December 31, 2024. The third quarter dividend is payable on October 15, 2024 to stockholders of record as of September 30, 2024 and the fourth quarter dividend is payable on January 15, 2025 to stockholders of record as of December 31, 2024. "We created a differentiated multi-cylinder company and have maintained a low leverage balance sheet in order to enable us to outperform in times of volatility. We expect to maintain our dividend for the foreseeable future assuming macro and market conditions don't materially change. As a result, our Board has declared our third and fourth quarter dividends of $0.48 per quarter, in-line with our current dividend. Beyond our current earnings power, we have the ability to monetize the over $4.00 per share of distributable earnings
...
July 22, 2024
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its second quarter 2024 financial results on Tuesday, August 6, 2024 before the opening of trading on the New York Stock Exchange. A conference call will be held on Tuesday, August 6, 2024 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
...
June 13, 2024
Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarter ending June 30, 2024. The dividend is payable on July 15, 2024 to stockholders of record as of June 28, 2024. 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 $97 billion of capital since inception and manages a portfolio of over $26 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.
...
May 8, 2024
– Quarterly GAAP Earnings of $0.48 and Distributable Earnings (DE) of $0.59 per Diluted Share – – Issued $600 Million of Senior Unsecured Sustainability Notes due 2029 – – Sold Master Lease Portfolio for $387 Million – – Over $1.0 Billion in Loan Repayments – – Liquidity Increased to a Record $1.5 Billion – – Undepreciated Book Value Per Share of $20.69 – – Paid Dividend of $0.48 per Share – Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended March 31, 2024. The Company's first quarter 2024 GAAP net income was $154.3 million, and Distributable Earnings (a non-GAAP financial measure) was $191.6 million. These amounts include net gains of $90.8 million and $37.4 million, respectively, on the sale of our Master Lease Portfolio. "We continue to navigate this dynamic market landscape with our low leverage multi-cylinder business. This quarter, we monetized our Master Lease Portfolio, highlighting the success we have had in creating
...
April 9, 2024
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its first quarter 2024 financial results on Wednesday, May 8, 2024 before the opening of trading on the New York Stock Exchange. A conference call will be held on Wednesday, May 8, 2024 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: 1-877-407-9039
...
March 15, 2024
Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarter ending March 31, 2024. The dividend is payable on April 15, 2024 to stockholders of record as of March 29, 2024. 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 $97 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.
...
March 13, 2024
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that it has priced its private offering of $600 million aggregate principal amount of its 7.250% unsecured senior notes due 2029 (the "Notes"), which was upsized from the previously announced $400 million aggregate principal amount. The Notes priced at 100.0% of the principal amount and the settlement of the offering is expected to occur on March 27, 2024, subject to customary closing conditions. The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects. Net proceeds allocated to previously incurred costs associated with eligible green and/or social projects will be available for the repayment of indebtedness previously incurred. Pending full allocation of an amount equal to the net proceeds to eligible green and/or social projects, the Company intends to use the net
...
March 13, 2024
Starwood Property Trust, Inc. (NYSE: STWD) (the "Company") today announced that, subject to market and other conditions, it is offering $400 million aggregate principal amount of its unsecured senior notes due 2029 (the "Notes") in a private offering. The Company intends to allocate an amount equal to the net proceeds from the offering to finance or refinance, in whole or in part, recently completed or future eligible green and/or social projects. Net proceeds allocated to previously incurred costs associated with eligible green and/or social projects will be available for the repayment of indebtedness previously incurred. Pending full allocation of an amount equal to the net proceeds to eligible green and/or social projects, the Company intends to use the net proceeds for general corporate purposes, including the repayment of outstanding indebtedness under the Company's repurchase facilities. The Notes will be offered only to persons reasonably believed to be qualified institutional
...
February 22, 2024
– Quarterly GAAP Earnings of $0.22 and Distributable Earnings (DE) of $0.58 per Diluted Share – – Originated or Acquired $1.6 Billion of Assets in the Quarter and $3.1 Billion for the Year – – Received Repayments of $1.1 Billion in the Quarter and $4.0 Billion for the Year – – Liquidity Increased to $1.2 Billion – – Undepreciated Book Value Per Share of $20.93 – – Paid Dividend of $0.48 per Share – Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter and year ended December 31, 2023. The Company's fourth quarter 2023 GAAP net income was $71.0 million, or $0.22 per diluted share. Distributable Earnings (a non-GAAP financial measure) was $189.4 million, or $0.58 per diluted share. The Company's full year 2023 GAAP net income was $339.2 million, or $1.07 per diluted share, and Distributable Earnings was $662.6 million, or $2.05 per diluted share. "When we created STWD more than 14 years ago, we set out
...
January 31, 2024
Starwood Property Trust (NYSE: STWD) today announced that the Company will release its fourth quarter and full year 2023 financial results on Thursday, February 22, 2024 before the opening of trading on the New York Stock Exchange. A conference call will be held on Thursday, February 22, 2024 at 10:00 a.m. Eastern Time. During the conference call, the Company's officers will review fourth quarter and full year 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.
...
January 26, 2024
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, 2023:
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 Total Dividend Per Share Ordinary Taxable Dividend Taxable Qualified Dividends Total Capital Gain Distribution Unrecaptured 1250 Gain Section 897 Ordinary Dividends Section 897 Capital Gain Nondividend Distributions Section 199A dividends
(i) (ii) (iii) (i) (iii) (iv) (i)
3/31/2023 4/14/2023 0.4800 0.4800 0.4607 0.0000 0.0193 0.0083 0.0000 0.0050 0.0000 0.4607
...