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Starwood Property Trust (STWD) Tops Q2 EPS by 3c, Affirms FY15 Guidance

August 4, 2015 8:56 AM

Starwood Property Trust (NYSE: STWD) reported Q2 EPS of $0.55, $0.03 better than the analyst estimate of $0.52.

2015 Guidance

For 2015, the Company is reaffirming its Core Earnings guidance in the range of $2.05 to $2.25 per diluted share. This guidance reflects the Company's estimates on the (i) yield on existing investments; (ii) yield on incremental investments inclusive of the Company's existing pipeline; (iii) amount and timing of debt and equity capital deployment to fund new investments; (iv) costs of additional debt and equity capital to fund new investments; (v) pace of amortization of the servicing intangible based on the amount and timing of servicing fees on existing contracts; (vi) taxation associated with the TRSs, particularly the Investing and Servicing TRSs, which house this segment's servicing and conduit loan operations, both of which generate significant taxable income; and (vii) changes in costs and expenses reflective of the Company's forecasted operations. This guidance does not reflect any impact that may result from repurchases of equity or convertible debt securities pursuant to the Company's existing repurchase program. All guidance is based on current expectations of future economic conditions, the dynamics of the commercial real estate markets in which it operates and the judgment of the Company's management team.

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

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Earnings Guidance

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