Starwood Rides On Portfolio Optimization Amid Escalating Expenses
Key Takeaways STWD continues to earn stable income from its $1.02B CMBS and CRE debt portfolio. The 2024 divestitures, including $387.1M in retail sales, generated above $100M in total gains. Expenses rose, seeing a 19.9% CAGR since 2020, and liquidity is tight with $17.6B debt vs. $447.6M cash.Starwood Property Trust, Inc. (STWD) is gaining from its steady income through investments in commercial mortgage-backed securities (CMBS) and commercial real estate (CRE) debt. Its portfolio optimization through a ...