Starwood Property Trust (STWD) Reports In-Line Q4 EPS
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Starwood Property Trust Reports Results for the Quarter and Year Ended December 31, 2016
February 23, 2017 6:45 AM ESTGREENWICH, Conn., Feb. 23, 2017 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter and year ended December 31, 2016. The Company's fourth quarter 2016 GAAP net income was $121.3 million, or $0.49 per diluted share, and $365.2 million, or $1.50 per diluted share, for the full year. Core Earnings (a non-GAAP financial measure) for the fourth quarter was $122.6 million, or $0.50 per diluted share, and $502.5 million or $2.09 per diluted share, for the full year. Excluding the write-off of unamortized costs associated with the early retirement of the Company's term loan due 2020, GAAP... More
