公司概况 - 公司主要从事房地产商业和住宅贷款、基础设施贷款、房地产物业投资和房地产投资与服务等四大业务[39,40,41,42] - 公司为房地产投资信托(REIT)，不需缴纳联邦公司所得税，只要将至少90%的应纳税所得分配给股东即可[43] - 公司通过多家全资子公司开展业务，由外部管理公司SPT Management, LLC提供管理服务[44] 可变利益实体(VIE) - 公司需要合并计算多个房地产证券化的可变利益实体(VIE)的资产和负债[45,46,47] - 公司确定了最重大影响VIE经济表现的活动，并识别出对这些活动拥有决策权的一方[53] - 公司评估了其在VIE中的经济利益是否可能对VIE产生重大影响[54] - 公司在某些情况下担任VIE的特殊服务商,拥有重大影响VIE经济表现的权利[55] - 公司选择以公允价值计量并入账的VIE的资产和负债[56] - 公司持续评估是否存在导致VIE合并结论发生变化的事实和情况变化[57] - 公司选择以公允价值计量VIE的资产和负债,并单独列示在资产负债表上[58,59] - VIE资产主要由贷款构成,以公允价值计量,少量为不良贷款转为的房地产[60,61,62,63,64] 公允价值计量 - 公司选择对某些金融资产和负债采用公允价值选择权[65,66] - 公司采用现金流折现等方法对资产和负债进行公允价值计量[67,68] 贷款组合 - 公司持有的贷款总额为194.69亿美元[106] - 其中持有待售贷款28.20亿美元[106] - 持有待售贷款中包括2.50亿美元的住宅贷款和3.16亿美元的商业贷款[106] - 持有待投资贷款166.49亿美元[106] - 其中商业贷款142.68亿美元,基础设施优先贷款23.81亿美元[106] - 商业贷款中包括13.85亿美元的第一抵押贷款,4.00亿美元的次级抵押贷款,3.03亿美元的夹层贷款[106] - 公司对持有待投资贷款计提了3.54亿美元的信用损失准备[106] - 商业贷款总额为173.83亿美元[108] - 其中商业贷款持有待售为26.46亿美元[108] - 总贷款总额为205.29亿美元[108] - 贷款损失准备为3.09亿美元[108] - 净贷款总额为202.20亿美元[109] - 可变利率贷款持有待投资总额为158.78亿美元，加权平均利差为3.9%[115] - 商业贷款中LTV小于60%的贷款余额为59.53亿美元，损失准备为0.16亿美元[124] - 基础设施贷款中电力行业贷款余额为12.46亿美元，损失准备为0.032亿美元[124] - 有609.5百万美元的贷款逾期90天或以上，但未被视为信用恶化[125][126] - 公司在2024年5月和6月分别通过抵押贷款收回了华盛顿特区的一处办公楼和纳什维尔的一处多户住宅物业[128][129] - 公司在2024年6月30日前6个月内对6笔商业贷款进行了修改,这些贷款的总摊余成本基础为9.166亿美元,占公司商业贷款的6%[131] 证券投资 - 公司将所有未在合并中抵消的RMBS归类为可供出售[152] - 截至2024年6月30日,公司RMBS投资的加权平均票面利率为5.8%,加权平均剩余期限为7.9年[155][156][157] - 截至2024年6月30日,约87.7百万美元或89%的RMBS为浮动利率[158] - 公司聘请了一家专门从事RMBS的第三方管理人,管理费用为每季度20万美元[159] - 截至2024年6月30日,公司持有的CMBS和RMBS公允价值总额为15亿美元,其中除27.9百万美元外,其余部分因合并证券化VIE而被抵消[162] - 截至2024年6月30日,公司持有的HTM债务证券总额为5.32亿美元,其中包括5.058亿美元的CMBS和1.849亿美元的优先股权益[163] - 公司对一项19.2百万美元的基础设施债券计提了1000万美元的特定信用损失准备,该债券由一座密西西比州的燃煤电厂作为抵押[167] - 公司持有两项总额为18.5百万美元的非应计商业贷款债务证券,但预期可以全额收回[168] - 截至2024年6月30日,公司HTM债务证券的到期情况为:1年内3044万美元,1-3年4.804亿美元,3-5年1.207亿美元,5年以上9114万美元[169][170] - 公司于2024年6月30日持有6,242,339股Starwood European Real Estate Finance Limited(SEREF)股票,占SEREF约2.3%权益,该投资的公允价值为7.3亿美元[171] 房地产投资 - 公司医疗办公楼投资组合包括34栋物业,总建筑面积190万平方英尺,总资产781.0百万美元,负债478.5百万美元[173] - 公司在华盛顿特区收购了一处空置办公楼,计划将其改建为多户型住宅,该物业账面价值114.7百万美元,其中8860万美元为在建工程[174] - 公司投资和服务板块拥有7处商业房地产,总资产120.1百万美元,负债68.2百万美元[175] - 公司商业和住宅贷款板块拥有的不良贷款资产转为的房地产总资产504.4百万美元,负债87.8百万美元[176] - 公司

GREENWICH, Conn., July 24, 2024 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarters ending September 30, 2024 and December 31, 2024. The third quarter dividend is payable on October 15, 2024 to stockholders of record as of September 30, 2024 and the fourth quarter dividend is payable on January 15, 2025 to stockholders of record as of December 31, 2024."We ...

GREENWICH, Conn., July 22, 2024 /PRNewswire/ -- Starwood Property Trust (NYSE: STWD) today announced that the Company will release its second quarter 2024 financial results on Tuesday, August 6, 2024 before the opening of trading on the New York Stock Exchange. A conference call will be held on Tuesday, August 6, 2024 at 10:00 a.m. Eastern Time.During the conference call, the Company's officers will review second quarter performance, discuss recent events and conduct a question-and-answer period.WebcastThe ...

gerenme/iStock via Getty Images Overview I previously covered Starwood Property Trust (NYSE:STWD) back in November 2023 and since my initial coverage, STWD has provided a total return of 10%. Despite this undercutting the performance of the general S&P, I am quite happy with that performance when you consider the fact that real estate was one of the worst performing asset classes over the last three years because of interest rate fluctuations. Even though the total return of STWD is down over 3%, it outperf ...

Sashkinw 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 (S ...

GREENWICH, Conn., June 13, 2024 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) ("the Company") today announced that the Company's Board of Directors has declared a dividend of $0.48 per share of common stock for the quarter ending June 30, 2024. The dividend is payable on July 15, 2024 to stockholders of record as of June 28, 2024. 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 infrastruct ...

peshkov Starwood Property Trust (NYSE:STWD) is a strong choice for dividend investors in the commercial real estate market: Starwood Property supported its dividend with distributable earnings in the first fiscal quarter and the company has considerable access to liquidity which could make the REIT a net buyer of commercial mortgage assets in the future. Starwood Property has suffered a valuation decline last week as redemption issues affecting the non-traded Starwood Real Estate Income Trust were reported ...

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, 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 ...

Table of Contents 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 March 31, 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, Inc. (Exact name of registrant as specified in its charter) Maryland 27-0 ...