Starwood Property Trust (STWD) Reports In-Line Q4 EPS, Revenues Miss
Starwood Property Trust (NYSE: STWD) reported Q4 EPS of $0.54, in-line with the analyst estimate of $0.54. Revenue for the quarter came in at $293.42 million versus the consensus estimate of $306.8 million.
"As we approach our ten year anniversary as a public company, we are proud to have created a generational enterprise, with multiple business lines, allowing us to achieve best in class returns. We could achieve higher returns through increased leverage but have instead chosen a more conservative strategy," commented Barry Sternlicht, Chairman and CEO of Starwood Property Trust. "Our platform delivered outstanding results in 2018, led by record origination volumes in our commercial lending segment and a property segment which produces double digit cash returns. We are well positioned to capitalize on our robust investment pipeline with ample liquidity and available credit capacity and the significant unrealized gains in our property book."
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