Starwood Property Trust (STWD) Stock Rallies As Credit Cleanup Takes Center Stage
Starwood Property Trust (STWD) shares rose 3.3% to $16.45 as investors focused on credit cleanup. The article cites Q2 results including distributable earnings of $152m, or $0.40/share, and undepreciated book value of $18.62. It also highlights $1.9b in nonaccrual and REO with $706m reserves, and management expects to resolve about 40% of the troubled portfolio by year end.



