Starwood Property Trust (STWD) Investor presentation summary

Company overview and strategy

• Diversified finance platform focused on real estate and infrastructure, with $6.8B market cap and $31.7B in undepreciated assets; annualized total returns of 9.8% since inception.

• Over $117B deployed since 2009; 370 employees leverage Starwood Capital Group's 7,000-person organization.

• Portfolio diversified across asset classes and geographies, with 59% of loans backed by multifamily or industrial assets.

• Floating-rate loan portfolio designed to perform in varying interest rate environments; special servicer role hedges credit risk.

• Focus on secure, uninterrupted dividend with a current yield of 10.5% and $8.7B paid or declared since inception.

Investment segments and portfolio composition

• Commercial lending is the largest segment, with $16.7B in loans, 96% first mortgages, and 96% floating rate.

• Residential lending platform has deployed $13.5B, focusing on non-agency loans to high-quality borrowers; $2.2B held for sale.

• Infrastructure lending portfolio of $3.2B, targeting thermal/renewable power and oil & gas sectors, with 100% senior secured loans.

• Property segment includes $4.9B in high-quality assets, with 97% occupancy and a focus on multifamily and medical office properties.

• Net lease portfolio valued at $2.5B, 515 properties, 100% occupancy, 17.4-year average lease term, and 2.28% average annual rent increases.

Business model and competitive advantages

• Flexible investment platform with access to Starwood Capital Group’s resources and market intelligence.

• Scale enables one-stop financing, focus on large transactions, and lower cost of capital.

• Long-standing relationships with sponsors, borrowers, and brokers; deep underwriting and asset management expertise.

• Special servicer on $94.6B of loans, with a 20-year track record in CMBS investing and servicing.

• Ability to underwrite 300–400 commercial loans in six weeks, leveraging a proprietary database and 150+ professionals.