Starwood Property Trust (STWD) Tops Q2 EPS by 1c
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Starwood Property Trust Reports Results for the Quarter Ended June 30, 2017
August 9, 2017 6:45 AM EDTGREENWICH, Conn., Aug. 9, 2017 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended June 30, 2017. The Company's second quarter 2017 GAAP net income was $117.4 million, or $0.44 per diluted share, and Core Earnings (a non-GAAP financial measure) was $136.8 million, or $0.52 per diluted share.
"Our performance this quarter was driven by contributions from across our business segments," stated Barry Sternlicht, Chairman and CEO of Starwood Property Trust. "Our $1.5 billion of capital deployment included $871 million of floating-rate large loan originations that should benefit our results in a rising rate... More
