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Starwood Property Trust Reports Results for Quarter Ended June 30, 2024
Prnewswire· 2024-08-06 11:00
– 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 – – Received 8th Nareit Gold Investor CARE (Communications & Reporting Excellence) Award – – LNR's Commercial Special Servicer Rating of CSS1 (Highest Rating Possible) Reaffirmed by Fi ...
Starwood Property Trust(STWD) - 2024 Q2 - Quarterly Report
2024-08-06 10:56
Table of Contents Title of each class Trading Symbol(s) Name of each exchange on which registered Common stock, $0.01 par value per share STWD New York Stock Exchange UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 001-34436 _ ...
Starwood Property Trust Announces $0.48 Per Share Dividend for Third and Fourth Quarters 2024
Prnewswire· 2024-07-24 19:16
"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 ...
Starwood Property Trust Announces Date for Second Quarter 2024 Earnings Release and Conference Call
Prnewswire· 2024-07-22 20:15
Webcast Conference Call Playback: Domestic: 1-844-512-2921 International: 1-412-317-6671 Passcode: 13742860 The playback can be accessed through August 20, 2024. About Starwood Property Trust, Inc. Zachary Tanenbaum Starwood Property Trust Phone: 203-422-7788 Email: [email protected] During the conference call, the Company's officers will review second quarter performance, discuss recent events and conduct a question-and-answer period. To Participate in the Telephone Conference Call: Dial in at least five m ...
Starwood Property Trust Will Likely Get Relief From Future Interest Rate Cuts
Seeking Alpha· 2024-07-11 11:05
Data by YCharts gerenme/iStock via Getty Images Data by YCharts STWD has about $26.1B in total assets, and we can see that this spans across many different areas of real estate. This wide reach enables investors to gain instant diversity within the real estate sector, which mitigates the risk from any sector-specific concentration. Speaking of risk, something that I do not like is the US Office exposure, but thankfully this only accounts for 11% of their portfolio. US Offices were a large source of weakness ...
I'm Buying Cash Cows With Up To 10% Yield
Seeking Alpha· 2024-06-26 12:10
There's no free lunch on Wall Street, but undervalued dividend stocks are focused on rewarding shareholders with capital returns are the next best thing. While the overall market is up this year, it's important to bear in mind that performance has been driven by just a handful of stocks. It's no wonder that more than half of Americans believe that the stock market is down this year. At first glance, this kind of thinking may seem preposterous to the seasoned investor, especially with the S&P 500 (SPY) tradi ...
Starwood Property Trust Announces $0.48 Per Share Dividend for Second Quarter 2024
Prnewswire· 2024-06-13 20:15
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 sha ...
Starwood Property: Don't Miss This Drop And Lock In A 10% Yield
seekingalpha.com· 2024-05-29 05:26
Starwood Property's core strength is that it is the largest commercial REIT in the U.S. and therefore has access to a ton of liquidity which the company could deploy to grow its distributable earnings, especially in times of distress. Starwood Property had $9.8B in potential liquidity available as of the end of Q1'24 which is set to make STWD a considerable force on the acquisition front. peshkov Starwood Property Trust (NYSE:STWD) is a strong choice for dividend investors in the commercial real estate mark ...
Starwood Capital Group Appoints Matt Smith as Managing Director, Head of U.S. Residential Asset Management
prnewswire.com· 2024-05-28 20:31
MIAMI, May 28, 2024 /PRNewswire/ -- Starwood Capital Group ("Starwood Capital"), a global private investment firm with a primary focus on real estate, today announced that Matt Smith will join the firm in June as Managing Director, Head of U.S. Residential Asset Management. In this role, Mr. Smith will oversee the Firm's existing ~107,000-unit market rate and affordable housing multi-family portfolio as well as Highmark Residential, Starwood Capital's multi-family property management affiliate. Mr. Smith ha ...
Starwood Property Trust(STWD) - 2024 Q1 - Earnings Call Transcript
2024-05-08 17:50
Starwood Property Trust, Inc. (NYSE:STWD) Q1 2024 Earnings Conference Call May 8, 2024 10:00 AM ET Company Participants Zach Tanenbaum - Head of IR Barry Sternlicht - Chairman and CEO Jeff DiModica - President Rina Paniry - CFO Conference Call Participants Jade Rahmani - KBW Don Fandetti - Wells Fargo Rick Shane - JPMorgan Stephen Laws - Raymond James Doug Harter - UBS Operator Greetings. Welcome to Starwood Property Trust's First Quarter 2024 Earnings Call. At this time, all participants are in a listen-o ...