Starwood Property Trust (STWD) Reports In-Line Q3 EPS

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Go back to Starwood Property Trust (STWD) Reports In-Line Q3 EPS

Starwood Property Trust Reports Results for the Quarter Ended September 30, 2018

November 9, 2018 7:00 AM EST

GREENWICH, Conn., Nov. 9, 2018 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended September 30, 2018.  The Company's third quarter 2018 GAAP net income was $84.5 million, or $0.31 per diluted share, and Core Earnings (a non-GAAP financial measure) was $148.4 million, or $0.53 per diluted share.  This includes $6.9 million, or $0.03 per diluted share, and $3.0 million, or $0.01 per diluted share, of acquisition costs associated with the infrastructure finance platform and portfolio for GAAP and Core Earnings, respectively.

"We are excited to have completed another successful quarter which was highlighted... More