Starwood Property Trust (STWD) Misses Q4 EPS by 6c, Revenues Miss
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Starwood Property Trust Reports Results for the Quarter and Year Ended December 31, 2019
February 25, 2020 7:01 AM ESTGREENWICH, Conn., Feb. 25, 2020 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter and year ended December 31, 2019. The Company's fourth quarter 2019 GAAP net income was $171.9 million, or $0.60 per diluted share, and Core Earnings (a non-GAAP financial measure) was $139.5 million, or $0.47 per diluted share. These amounts include a gain on sale of the Company's Ireland property portfolio of $119.7 million and $60.1 million for GAAP and Core Earnings, respectively, or $0.41 and $0.20 per diluted share, respectively, and a GAAP and Core loss of $71.9 million and $70.6 million, respectively,... More
