Starwood Property Trust (STWD) Reports In-Line Q3 EPS

Starwood Property Trust (NYSE: STWD) reported Q3 EPS of $0.53, in-line with the analyst estimate of $0.53. Revenue for the quarter came in at $158.6 million versus the consensus estimate of $279.79 million.

"We are excited to have completed another successful quarter which was highlighted by record levels of capital deployment including the acquisition of our new infrastructure finance platform," commented Barry Sternlicht, Chairman and CEO of Starwood Property Trust. "We continue to see the benefits of a multi-cylinder approach as we execute on attractive investments across our existing businesses. During the quarter, our asset base and commercial loan portfolio both reached record levels, with assets of $16.0 billion and commercial loans of $7.5 billion."

"We intend to capitalize on attractive opportunities to expand our infrastructure finance platform as we continue to execute on the prudent allocation of capital across our cylinders allowing us to achieve the best risk-adjusted returns for our shareholders."

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

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