2024-05-13 11:22:40 ET
Summary
- Starwood Property Trust Inc. covered its dividend with distributable earnings in Q1 and saw strong origination activity.
- The trust's 10% yield is expected to be safe in 2024 with a payout ratio of 81%.
- The portfolio remained well-diversified with a combined value of $26.1 billion and the commercial lending segment performed well.
Starwood Property Trust, Inc. ( STWD ) managed to cover its $0.48 per share per quarter dividend with distributable earnings in the first quarter and the commercial real estate investment trust saw strong origination activity as well....
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Starwood Property Trust: A Safe 10% Yield For Passive Income Investors