Starwood Property Trust Reports Strong Financial Performance for 2024 with Increased Investments
Starwood Property Trust, Inc. (NYSE: STWD) has recently reported its operating results for the fiscal quarter and year ending December 31, 2024. The company showcased a robust performance, achieving a GAAP net income of $51.6 million for the fourth quarter, while the entire year reflected a total GAAP net income of $359.9 million. Notably, the fourth-quarter distributable earnings reached $166.7 million, translating to a distributable earnings per share of $0.48, while for the full year, distributable earnings were reported at $675.0 million, which amounts to $2.02 per share.
Starwood made significant strides in its investment activities, having deployed $1.6 billion during the fourth quarter alone, with the annual total rising to $5.1 billion. This strategic approach has positioned the company well in a recovering capital market, as it began to see opportunities for growth and investment.
"Our diversified investment model, supported by a low leverage framework, has allowed us to remain active in the market through challenging economic conditions,” said Barry Sternlicht, Chairman and CEO of Starwood Property Trust. "We are optimistic about the opportunities that lie ahead in 2025, with a pace of investment expected to increase significantly owing to improved market liquidity."
During the fourth quarter, Starwood also executed $2.3 billion in corporate debt, extending the average maturity of its debt portfolio to 3.5 years. The firm maintains a strong liquidity position with current liquidity reported at $1.8 billion, enabling it to respond agilely to emerging opportunities.
In continuing its commitment to shareholders, Starwood Property Trust declared a dividend of $0.48 per share, marking the 62nd consecutive quarter of dividend payments. This positive trend underscores the company's ambition to provide reliable and stable returns through its diverse portfolio that includes various investment vehicles in the real estate and infrastructure sectors.
Starwood's success is further bolstered by its various businesses, which collectively contribute to its earnings. With accessible capital markets offering favorable conditions and a diversified asset portfolio with $1.5 billion in harvestable unrealized property gains, the company is well-equipped to capitalize on emerging trends in real estate finance.
In its dedication to transparency and communication, Starwood has made available supplemental earnings schedules on its website, allowing stakeholders an in-depth look at its financial standing. Additionally, the company will host a live conference call and webcast on February 27, 2025, at 10:00 AM ET, where they will discuss the earnings report in further detail.
Starwood Property Trust, part of the Starwood Capital Group, has successfully allocated over $102 billion in capital since its inception and currently manages a portfolio exceeding $25 billion in diverse debt and equity investments. The firm aims to generate attractive and sustainable returns for its shareholders primarily through dividends delivered from informed investment decisions. Information about its performance can also be found on the company's website at www.starwoodpropertytrust.com.
This robust financial report reinforces Starwood Property Trust's position as a key player in real estate financing and investment, demonstrating resilience, strategic investment planning, and commitment to shareholder value.
Starwood made significant strides in its investment activities, having deployed $1.6 billion during the fourth quarter alone, with the annual total rising to $5.1 billion. This strategic approach has positioned the company well in a recovering capital market, as it began to see opportunities for growth and investment.
"Our diversified investment model, supported by a low leverage framework, has allowed us to remain active in the market through challenging economic conditions,” said Barry Sternlicht, Chairman and CEO of Starwood Property Trust. "We are optimistic about the opportunities that lie ahead in 2025, with a pace of investment expected to increase significantly owing to improved market liquidity."
During the fourth quarter, Starwood also executed $2.3 billion in corporate debt, extending the average maturity of its debt portfolio to 3.5 years. The firm maintains a strong liquidity position with current liquidity reported at $1.8 billion, enabling it to respond agilely to emerging opportunities.
In continuing its commitment to shareholders, Starwood Property Trust declared a dividend of $0.48 per share, marking the 62nd consecutive quarter of dividend payments. This positive trend underscores the company's ambition to provide reliable and stable returns through its diverse portfolio that includes various investment vehicles in the real estate and infrastructure sectors.
Starwood's success is further bolstered by its various businesses, which collectively contribute to its earnings. With accessible capital markets offering favorable conditions and a diversified asset portfolio with $1.5 billion in harvestable unrealized property gains, the company is well-equipped to capitalize on emerging trends in real estate finance.
In its dedication to transparency and communication, Starwood has made available supplemental earnings schedules on its website, allowing stakeholders an in-depth look at its financial standing. Additionally, the company will host a live conference call and webcast on February 27, 2025, at 10:00 AM ET, where they will discuss the earnings report in further detail.
Starwood Property Trust, part of the Starwood Capital Group, has successfully allocated over $102 billion in capital since its inception and currently manages a portfolio exceeding $25 billion in diverse debt and equity investments. The firm aims to generate attractive and sustainable returns for its shareholders primarily through dividends delivered from informed investment decisions. Information about its performance can also be found on the company's website at www.starwoodpropertytrust.com.
This robust financial report reinforces Starwood Property Trust's position as a key player in real estate financing and investment, demonstrating resilience, strategic investment planning, and commitment to shareholder value.
Topics Financial Services & Investing）
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