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Starwood Property Trust, Inc. operates as a real estate investment trust and diversified finance company focused on real estate and infrastructure credit. Its business includes commercial and residential lending, infrastructure lending, property investments, and investing and servicing activities tied to mortgage loans, CMBS, RMBS, securitizations, and related debt and equity investments.
Company news commonly covers quarterly operating results, distributable earnings, portfolio investment activity, balance sheet management, dividends, tax reporting for common-stock distributions, share repurchase authorizations, and capital markets transactions. Updates also address commercial lending, infrastructure CLO activity, residential lending exposure, conduit and special servicing, and the company’s affiliation with Starwood Capital Group.
Starwood Property Trust (NYSE: STWD) reported its Q4 and full year 2021 results, achieving a GAAP net income of $91.4 million ($0.31 per diluted share) for Q4, and $447.7 million ($1.52 per diluted share) for the full year. Distributable Earnings were $335.0 million ($1.10 per share) for Q4 and $794.1 million ($2.63 per share) for the year, with significant gains from the sale of a 20.6% interest in an affordable housing fund. The company invested a record $16.7 billion in 2021, with a strong liquidity position of $9.0 billion available for future opportunities.
Starwood Capital Group has appointed Steve Goldman as Managing Director and Head of Hotel Acquisitions for the Americas, effective January 31, 2022. Goldman brings over 35 years of hospitality experience and will collaborate with Cody Bradshaw to enhance the firm's hotel and leisure investment strategies. His background includes leadership roles at FelCor Lodging Trust and Sunstone Hotel Investors. Starwood Capital is a global investment firm with over $110 billion in assets under management, including managing Starwood Property Trust (NYSE: STWD), the largest commercial mortgage REIT in the U.S.
Starwood Property Trust (NYSE: STWD) announced tax treatment for its common stock distributions for the year ending December 31, 2021. Investors will receive Form 1099 detailing their earnings and distributions. Total distribution per share is reported at $2.3245, with $1.2600 classified as ordinary taxable dividends. Notably, a portion of the 2021 earnings exceeds distributions, affecting tax reporting for 2022. The company has successfully deployed over $76 billion of capital and manages a diverse portfolio valued at over $21 billion, aiming to generate stable returns through dividends.
Starwood Property Trust (NYSE: STWD) will release its fourth quarter and full year 2021 financial results on February 25, 2022, before market opening. A conference call is scheduled for the same day at 10:00 a.m. Eastern Time, where company officers will discuss performance and recent events. The call can be accessed via the company’s website, and a replay will be available for 90 days. Starwood Property Trust has deployed over $76 billion since inception, managing a portfolio exceeding $21 billion, aimed at generating stable returns for shareholders.
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Starwood Capital Group has acquired a majority interest in Land Tejas, a Houston-based residential developer, enhancing its real estate portfolio. This acquisition includes 10 communities with 16,000 residential lots, targeting entry-level and move-up buyers in a high-demand market. CEO Mike Moser emphasized the strategic importance of this investment as it aligns with Starwood's focus on risk-reward ventures in the single-family housing sector. Starwood Capital, managing over $105 billion in assets, aims to leverage this opportunity for growth under Starwood Land Advisors.
Starwood Property Trust (NYSE: STWD) has declared a $0.48 dividend per share for the quarter ending December 31, 2021. This dividend is payable on January 14, 2022 to shareholders on record as of December 31, 2021. The company, which focuses on the real estate and infrastructure sectors, has deployed over $76 billion in capital since its inception and manages a portfolio valued at over $21 billion. The aim is to deliver stable returns primarily through dividends.
Starwood Property Trust (NYSE: STWD) has priced a public offering of 16,000,000 common stock shares, aiming for gross proceeds of approximately $397.1 million, or $456.7 million if the option for additional shares is exercised. The underwriters hold a 30-day option for up to 2,400,000 shares. Proceeds will be used to purchase commercial mortgage loans and for corporate purposes. Settlement is expected on December 10, 2021. The Company has deployed over $76 billion in capital since inception, managing a portfolio exceeding $21 billion.
Starwood Property Trust has announced a public offering of 16,000,000 shares of common stock, with an additional 2,400,000 shares available through underwriters. The proceeds will be used primarily for originating and purchasing commercial mortgage loans and other investments, with potential allocations for general corporate purposes. The offering is subject to market conditions and is registered with the SEC.
Citigroup, BofA Securities, Morgan Stanley, and Wells Fargo Securities are the joint book-running managers.