Starwood Property Trust (STWD) Tops Q1 EPS by 1c

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Go back to Starwood Property Trust (STWD) Tops Q1 EPS by 1c

Starwood Property Trust Reports Results for the Quarter Ended March 31, 2021

May 6, 2021 7:00 AM EDT

GREENWICH, Conn., May 6, 2021 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended March 31, 2021.  The Company's first quarter 2021 GAAP net income was $111.4 million, or $0.38 per diluted share, and Distributable Earnings (a non-GAAP financial measure) was $150.8 million, or $0.50 per diluted share.

"We benefited from a strong start to the year with $2.7 billion of capital deployed in the first quarter across our business cylinders, including $2.2 billion in Commercial Lending, bringing our post-COVID capital deployment to $5.7 billion. The credit performance of our diversified business... More