Starwood Property Trust (STWD) Reports Q1 EPS of $0.55
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Starwood Property Trust Reports Results for the Quarter Ended March 31, 2015
May 5, 2015 7:01 AM EDTGREENWICH, Conn., May 5, 2015 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended March 31, 2015. The Company's first quarter 2015 Core Earnings (a non-GAAP financial measure) were $123.7 million, or $0.55 per diluted share, an increase of over 10% from the $112.1 million, or $0.50 per diluted share, reported for the fourth quarter of 2014.
GAAP net income for the first quarter of 2015 was $120.4 million, or $0.52 per diluted share. GAAP net income increased 32% over the $91.5 million, or $0.40 per diluted share, reported for the fourth quarter of 2014.
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