Starwood Property Trust (STWD) 2020年年度报告「NYSE」.pdf

1、2020 ANNUAL REPORTTERMINI,SANDYFORD,IRELAND58.7m First MortgageTurnberry Ocean Club Residences,Sunny Isles Beach,FLSkyline Tower,Long Island City,NY11 Hoyt,Brooklyn,NYMagna Park,Lutterworth,UKCalifornia Market Center,Los Angeles,CAOmega at Bonita Bay,Bonita Springs,FLThe Overlook at St.Gabriels,Brig

2、hton,MA1200 K Street,Washington,DCWatermarque Building,Dublin,IrelandGetaway Big Bear,Running Springs,CAPorthaven Care Home,Cheshire,UKNine Lanyon Place,Belfast,Ireland1213 Walnut,Philadelphia,PA Starwood Property Trust,Inc.Starwood Property Trust,Inc.591 West Putnam Avenue591 West Putnam Avenue Gre

3、enwich,Connecticut 06830Greenwich,Connecticut 06830 Shareholders of Starwood Property Trust,When we wrote to you last year,the World Health Organization had just declared the COVID-19 virus a global pandemic.We were in the midst of historic volatility in both the equity and fixed income markets.Whil

4、e the ultimate outcome of 2020 was unknown to us at the time,we reiterated that we had built Starwood Property Trust with its diversity of business lines to outperform in all market cycles.We can now confidently say that our multi-cylinder model,coupled with our diversified balance sheet,worked as w

5、e projected.We uniquely withstood market dislocations,created significant excess liquidity,and while the majority of our peers were nursing their financial wounds,we made over$3.0 billion in accretive investments across all of our business segments in 2020 since COVID began.The total return to our s

6、hareholders in 2020,inclusive of our$1.92 dividend,was 14.5%greater than the average of our five largest commercial real estate(CRE)mortgage REIT peers.Management is a significant shareholder,and those of you who have invested alongside us have enjoyed a 12.6%annual return and a 295%total return sin