Starwood Property Trust (STWD) Reports In-Line Q1 EPS, Revenues Miss

Starwood Property Trust (NYSE: STWD) reported Q1 EPS of $0.50, in-line with the analyst estimate of $0.50. Revenue for the quarter came in at $211.44 million versus the consensus estimate of $262.49 million.

"Starwood Property Trust has one of the strongest balance sheets in the commercial mortgage REIT industry, with over $870 million in cash and approved undrawn capacity, and well over $1.0 billion of additional liquidity available to us if ever needed. Our powerful balance sheet is bolstered by our diversified platform, anchored by our real estate equity book and multiple business lines that create considerable stability in an uncertain time. We continue to benefit from our scale, relatively low leverage and $3.3 billion unencumbered asset base. STWD is well positioned to take advantage of dislocations in the market and to weather this economic storm with immense human and financial resources," commented Barry Sternlicht, Chairman and CEO of Starwood Property Trust.

For earnings history and earnings-related data on Starwood Property Trust (STWD) click here.

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