Starwood Property Trust (STWD) Tops Q3 EPS by 3c, Revenues Beat

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Go back to Starwood Property Trust (STWD) Tops Q3 EPS by 3c, Revenues Beat

Starwood Property Trust Reports Results for the Quarter Ended September 30, 2020

November 5, 2020 7:00 AM EST

GREENWICH, Conn., Nov. 5, 2020 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended September 30, 2020.  The Company's third quarter 2020 GAAP net income was $151.8 million, or $0.52 per diluted share, and Core Earnings (a non-GAAP financial measure) was $148.6 million, or $0.50 per diluted share.

"We shifted from a cautious stance in the second quarter and deployed $1.5 billion in the third quarter, taking advantage of the most compelling risk adjusted returns presented across our various business lines. We also proactively addressed the near-term maturity of our $500 million February 2021 notes... More