The REIT targets $900M in nonaccrual and real estate-owned asset resolutions while eyeing net lease accretion in 2027.
Starwood Property Trust announced plans to resolve $900M in nonaccrual and real estate-owned assets by the end of 2026. The move follows Q1 2026 distributable earnings of $147 million, or $0.39 per share, driven by higher cash balances and asset resolutions.
Management highlighted ongoing efforts to address nonperforming assets, with a focus on improving portfolio performance. The company also aims for net lease accretion in 2027, signaling a strategic shift toward stabilization.
Shares showed limited immediate reaction as investors await further details on execution and timing.