Starwood Property Trust (STWD) Reports In-Line Q1 EPS
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Starwood Property Trust Reports Results for the Quarter Ended March 31, 2016
May 9, 2016 6:30 AM EDTGREENWICH, Conn., May 9, 2016 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended March 31, 2016. The Company's first quarter 2016 Core Earnings (a non-GAAP financial measure) were $118.9 million, or $0.50 per diluted share. GAAP net income for the first quarter of 2016, which was impacted by unrealized changes in fair value of securities and foreign currency hedges, as well as depreciation on the Company's property portfolio, was $26.7 million, or $0.11 per diluted share.
"I am very pleased with our performance this quarter. Last... More
