Starwood Property's (NYSE: STWD ) third-quarter earnings were slightly better than expected , with distributable earnings beating consensus expectations by $0.01 per-share, but the commercial REIT did not succeed in improving its dividend coverage profile which continues to reflect no safety margin. Starwood PropertyAnalyst’s Disclosure: I/we have a beneficial long position in the shares of STWD, LADR, BXMT either through stock ownership, options, or other derivatives. I wrote this article myself, and it ex ...