Starwood Property Trust Announces Q3 Results and Asset Resolution Efforts
STWD Starwood Property Trust Inc
$11.89 -1.33%
View chart & analysis → - 1Starwood Property Trust recorded $254 million in resolved accrued interest and REO during the quarter.
- 2Starwood Property Trust holds $1 billion in reserves for accrued interest NREO assets.
- 3This currently represents a non-amortized book value of $17.22 for Starwood Property Trust.
So what's the key point?
What is the main point? Starwood Property Trust secured $254 million by resolving unpaid interest and assets. The company is also setting aside $1 billion to prepare for unpaid assets.
Source The Motley Fool +1 · View original ↗
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