Starwood Property Trust reported its financial results for the fourth quarter and full year 2024, highlighting stable earnings, substantial investment activity, and a strong liquidity position. The company continued its streak of consistent dividends and expanded its investment portfolio despite market fluctuations.

### Key Financial Highlights:

**Fourth Quarter 2024:**
- **GAAP Net Income:** $51.6 million, impacted by a $52.4 million credit loss provision
- **Distributable Earnings:** $166.7 million, equating to $0.48 per diluted share
- **Total Investments:** $1.6 billion during the quarter
- **Corporate Debt Issuance:** $2.3 billion, extending average maturity to 3.5 years
- **Liquidity Position:** $1.8 billion
- **Dividend:** Paid $0.48 per share for the 62nd consecutive quarter

**Full Year 2024:**
- **GAAP Net Income:** $359.9 million, inclusive of a $197.4 million credit loss provision
- **Distributable Earnings:** $675 million ($2.02 per diluted share)
- **Total Investments:** $5.1 billion throughout the year
- **Post-Year Investments:** $1.5 billion already closed in early 2025
- **Portfolio Size:** Over $25 billion across real estate and infrastructure investments

### Operational and Strategic Updates:

- **Investment Strategy:** Starwood Property Trust maintains a multi-segment approach, leveraging its lending, property, and servicing divisions to generate stable returns.
- **Market Position:** The company remains a major player in the commercial mortgage-backed securities (CMBS) market and special servicing, securing significant unrealized property gains.
- **Debt Management:** The issuance of $2.3 billion in corporate debt strengthened liquidity and extended maturities, improving financial flexibility.
- **Future Outlook:** Management expects an acceleration in investment activity in 2025, capitalizing on improving market conditions.

### CEO Commentary:

Barry Sternlicht, Chairman and CEO, emphasized Starwood’s ability to navigate volatile markets, highlighting its history of over $100 billion in capital deployment and expectations for increased investment in 2025. President Jeffrey DiModica underscored the company’s diversified investment approach and access to capital, positioning it for continued growth.

Starwood Property Trust’s commitment to stable dividends, robust liquidity, and diversified investments supports its long-term strategy of generating attractive risk-adjusted returns for shareholders.