Starwood Property Trust (STWD) Misses Q1 EPS by 24c, Revenues In-Line

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Go back to Starwood Property Trust (STWD) Misses Q1 EPS by 24c, Revenues In-Line

Starwood Property Trust Reports Results for the Quarter Ended March 31, 2019

May 8, 2019 7:00 AM EDT

GREENWICH, Conn., May 8, 2019 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended March 31, 2019.  The Company's first quarter 2019 GAAP net income was $70.4 million, or $0.25 per diluted share, and Core Earnings was $82.9 million, or $0.28 per diluted share. These amounts reflect a write down of the Company's interest in a regional mall portfolio of $44.9 million and $68.9 million for GAAP and Core Earnings, respectively, or $0.16 and $0.24 per diluted share, respectively.

"Our multi-cylinder platform continues to generate consistent returns, led by our commercial lending business, which... More