NYSE:STWDMortgage REITs
Starwood Property Trust (STWD) Stock Rallies As Credit Cleanup Takes Center Stage
Starwood Property Trust stock jumped 3.3% to US$16.45 as investors cheered a headline that sits squarely in the balance sheet risk column rather than the growth column. The market appears to be rewarding a cleaner path through troubled commercial real estate, even though the quarter’s story is really about how much capital is still tied up in problem loans and real estate owned.
The key tension is simple. Distributable earnings of US$0.40 per share and undepreciated book value of US$18.62...