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

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

Starwood Property Trust Reports Results for the Quarter Ended June 30, 2015

August 4, 2015 7:00 AM EDT

GREENWICH, Conn., Aug. 4, 2015 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended June 30, 2015.  The Company's second quarter 2015 Core Earnings (a non-GAAP financial measure) were $125.9 million, or $0.53 per diluted share. Excluding one-time acquisition and pursuit costs of $4.9 million, the Company's second quarter 2015 Core Earnings were $130.8 million, or $0.55 per diluted share.

GAAP net income for the second quarter of 2015 was $117.1 million, or $0.49 per diluted. Excluding one-time acquisition and pursuit costs of $4.9 million, the Company's second quarter 2015 GAAP net income was $122.0 million, or $0.51 per diluted... More