secwatch.observer — SEC 8-K summary
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Issuer:     STARWOOD PROPERTY TRUST, INC. (STWD)
CIK:        0001465128
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001628280-24-034947
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Starwood Property Trust Q2 2024: GAAP EPS $0.24, DE $0.48; declares $0.48 dividend for next two quarters
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- GAAP net income $77.9M ($0.24 diluted EPS), includes $42.7M credit loss provision.
- Distributable Earnings (non-GAAP) $157.8M ($0.48 per share); dividend of $0.48 declared for Q3 and Q4 2024.
- Received $0.9B in repayments; repriced $591M Term Loan B from S+325 to S+275 bps.
- Special servicing assignments ~$10B, up 40% since start of 2024; Fitch reaffirmed CSS1 rating.
- Over 40% of assets outside commercial lending; $1.2B liquidity and $4.5B unencumbered assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1465128/000162828024034947/0001628280-24-034947-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1465128/000162828024034947/stwd-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-034947

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