Starwood Property Trust Q2 Preview: All Eyes On Net Lease

Starwood Property Trust faces mounting pressure from rising interest expense and underperformance following its net lease acquisition. STWD's distributable earnings have lagged its $0.48/share dividend, with last quarter's $0.39/share miss intensifying dividend sustainability concerns. The net lease portfolio integration remains a wildcard; management hints at a potential spinoff if value cannot be realized internally.