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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 Q2 2020 results, achieving a GAAP net income of $139.7 million or $0.49 per diluted share, and Core Earnings of $126.1 million or $0.43 per diluted share. The company highlighted its cautious investment strategy amid the COVID-19 pandemic, maintaining over $800 million in cash and undrawn debt capacity. It has reduced its funding obligations by over $700 million while paying dividends. The company is well-positioned to capitalize on future investment opportunities across its diversified business lines.
Starwood Property Trust (NYSE: STWD) plans to release its second quarter 2020 financial results on August 5, 2020, before the market opens. A conference call will follow at 10:00 a.m. ET to review performance and address questions. Investors can access the live call through the Investor Relations section of the company's website. The full earnings release will also be available online on the same date. Starwood has successfully deployed over $63 billion in capital and manages a portfolio of over $17 billion.
Starwood Property Trust has declared a $0.48 dividend per share for the quarter ending June 30, 2020, payable on July 15, 2020. This decision reflects the company's commitment to delivering stable returns for shareholders. Since inception, Starwood has deployed over $63 billion in capital and currently manages a portfolio exceeding $17 billion. The firm focuses on the real estate and infrastructure sectors, aiming to provide attractive returns primarily through dividends.