Starwood Prpty Stock Price, News & Analysis

Starwood Property Trust (NYSE: STWD) has declared a $0.48 per share dividend for the quarter ending September 30, 2021. This dividend is scheduled for payment on October 15, 2021 to shareholders on record as of September 30, 2021. The company has successfully deployed over $72 billion of capital since inception, managing a portfolio exceeding $19 billion across various debt and equity investments, aiming to generate stable returns for shareholders.

Starwood Capital Group has reaffirmed its readiness to complete an all-cash acquisition of Monmouth Real Estate Investment Corporation (MNR) at $19.20 per share. The Monmouth Board has declined to classify this offer as a 'Superior Proposal' under its existing agreement with Equity Commonwealth (EQC), which is facing shareholder resistance and an unfavorable ISS recommendation. Starwood urges Monmouth shareholders to demand board engagement to ensure maximum value is delivered.

A joint venture between Starwood Capital Group and Arrow Capital Partners has entered a recapitalization agreement for a portfolio of office and industrial assets valued at over A$760m in Sydney, Melbourne, and Brisbane. This strategic move aims to increase investment in the portfolio and offer liquidity for investors. The joint venture, which includes Altis Property Partners, targets leasing vacant spaces for long-term value creation. Previous investments in St Leonards and Zenith towers have raised total investments to over $1.5bn.

Starwood Property Trust, NYSE: STWD, reported strong second-quarter results for 2021, with GAAP net income of $116.3 million ($0.40 per diluted share) and Distributable Earnings of $153.2 million ($0.51 per diluted share). The total portfolio reached a record $19.3 billion, reflecting robust asset performance and a growing investment pipeline. The company executed CLOs totaling $1.8 billion, enhancing its balance sheet. Additionally, unrealized gains in its real estate portfolio exceeded $4.00 per share, highlighting strong market recovery and investment opportunities.

Starwood Capital Group has appointed Raul Leal as the new CEO of SH Hotels & Resorts, effective August 19, 2021. Leal succeeds Arash Azarbarzin and brings extensive industry experience, having previously led Virgin Hotels. His leadership is anticipated to accelerate SH's growth, particularly for the 1 Hotels, Treehouse Hotels, and Baccarat brands, which are expanding into new markets globally, including Toronto and London. Chairman Barry Sternlicht expressed confidence in Leal's capabilities to enhance guest services and brand innovation as the company aims for major industry recognition.

Starwood Capital Group expressed disappointment over Monmouth Real Estate Investment Corp.'s rejection of its all-cash acquisition proposal. The firm claims its offer provides over $100 million more value to Monmouth shareholders compared to their existing merger agreement with Equity Commonwealth, with EQC's current stock price at $26.61. Starwood believes shareholders will be dissatisfied with the EQC transaction if approved by a two-thirds vote. Starwood is prepared to execute its fully financed offer to enhance shareholder value.

Starwood Capital Group has made a revised proposal to acquire Monmouth Real Estate Investment Corporation for $19.51 per share, netting $18.88 after a $62.2 million termination fee to Equity Commonwealth. This enhanced offer, submitted on July 15, 2021, increases the previous bid of $18.70. Starwood emphasizes that its all-cash proposal provides more certainty and value than the existing merger agreement with EQC. The firm requests that Monmouth's Board declares this as a superior proposal and finalize the transaction promptly.

Starwood Property Trust (NYSE: STWD) will release its Q2 2021 financial results on August 5, 2021, before NYSE trading opens. A conference call is scheduled for the same day at 10:00 a.m. ET, where company officers will review performance and answer questions. Interested parties can access the conference call via the Company's website or by dialing in. Starwood manages over $18 billion in investments and aims to provide stable returns through dividends.