The recent banking “crisis” pulled down share prices of many income stocks, not just banks. Broad-based stock selloffs provide excellent opportunities for investors who understand the difference between quality stocks available “on sale” and the companies that are actually at risk.
When the share price drops, there is one stock of which I will always buy a few shares.
It’s this one…
Initially, Starwood Property Trust focused 100% on commercial mortgage loans. As of the end of 2022, the company had assets of $28.3 billion, distributed across several investment categories.
Commercial lending accounts for $16.8 billion. Here is the portfolio breakdown:
Note the 60% loan-to-value ratio, and the fact that office mortgages make up just 23% of the portfolio.
Residential loans total $3.2 billion. Energy midstream infrastructure lending accounts for $2.4 billion.
Starwood Property owns $2.65 billion of property. These holdings include 15,000 apartments valued at $1.76 billion, $768 million of medical office properties, and $344 million of master lease properties.
The company owns and operates…
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