secwatch.observer — SEC 8-K summary
======================================

Issuer:     STARWOOD PROPERTY TRUST, INC. (STWD)
CIK:        0001465128
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021355
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starwood Property Trust Q1 GAAP EPS $0.48, DE $0.59; record liquidity $1.5B
---------------------------------------------------------------------------

- GAAP net income $154.3M ($0.48 diluted EPS); Distributable Earnings $191.6M ($0.59/sh).
- Issued $600M of 5-year senior unsecured sustainability notes due 2029, 7x oversubscribed.
- Sold Master Lease Portfolio for $387M, generating net gains of $90.8M (GAAP) and $37.4M (DE).
- Record liquidity of $1.5B; over $1.0B in loan repayments during the quarter.
- Undepreciated book value per share $20.69; quarterly dividend maintained at $0.48/sh.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465128/000162828024021355/0001628280-24-021355-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465128/000162828024021355/stwd-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021355

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer