May 21, 2024
Loans

Blackstone and Starwood Are Both Mortgage REITs. Their Reserves Tell Different Stories.

The specialized lenders known as mortgage real estate investment trusts have a prominent spot on the injured list of players in commercial real estate. Since rising rates started to weigh on real estate borrowers in early 2022, shares of two mortgage REITs— Starwood Property Trust and Blackstone Mortgage Trust —have fallen 15% and 35%, respectively.

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