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Starwood Property Trust (STWD) Tops Q2 EPS by 1c, Revenues Beat

August 8, 2018 7:05 AM

Starwood Property Trust (NYSE: STWD) reported Q2 EPS of $0.54, $0.01 better than the analyst estimate of $0.53. Revenue for the quarter came in at $269.56 million versus the consensus estimate of $257.88 million.

"I am very pleased with the performance of our Company this quarter, with every business line continuing to perform at or above our expectations. The majority of our earnings are still derived from our primary line of business, real estate lending, where the $2.0 billion of loan originations this quarter were the largest in our Company's history. Our property investments, residential lending platform, CMBS and conduit operations continue to enhance our enterprise, along with our special servicer, where we added 13 new special servicing assignments, the highest since we acquired LNR in 2013. With the acquisition of GE Capital\'s Energy Project Finance platform, we have further diversified our lending opportunity set outside of traditional real estate and have never been more excited about our Company's future," 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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