Starwood Property Trust (STWD) 2015年年度报告「NYSE」.pdf

1、Starwood Property Trust,Inc.591 West Putnam AvenueGreenwich,Connecticut 06830April 1,2016Dear Fellow Shareholders:When we launched Starwood Property Trust,Inc.(NYSE:STWD)in the summer of 2009,wesought to fill the void created by traditional commercial real estate lenders who had significantlyscaled

2、back their business.Our goal at the time was to build a diversified commercial real estatefinancing business that would outlast inevitable cycles and provide a safe and predictable dividend.Six-plus years later,we have navigated among sectors,asset types and geographies to find the bestavailable ris

3、k-adjusted returns.We have delivered on our mandate by investing in quality assets ingreat locations with great partners and consistently earning and paying our dividendwhile not takinga single dollar of realized loan loss on the more than$17 billion in capital we have deployed in ourcore lending bu

4、siness to date.In 2013,the acquisition of LNR Property added numerous new business lines to our existinglending platform,allowing us to further diversify our income streams with profits from higherreturn-on-equity activities:special servicing,conduit loan origination and securities investing.In thel

5、ast 18 months,we added another pillar to our business,the Property Segment,where we havedeployed over$800 million into attractive risk-reward cash flowing assets.While other companiesremain focused solely on a specific sector of the real estate markets,our dynamic model and deepexperience allow us t

6、o seek out fissures and mispricings across a much broader universe and moveseamlessly among sectors and opportunities,while utilizing the vast database and knowledge set withinStarwood Property Trust and our managers parent,Starwood Capital Group.As a result,we have now built a multi-cylinder invest