earnings
confidence high
sentiment positive
materiality 0.75
Starwood Property Trust Q2 GAAP EPS $0.01, DE $0.40; invested $2.5B
STARWOOD PROPERTY TRUST, INC.
- GAAP net income $6.6M ($0.01 diluted EPS); Distributable Earnings $151.5M ($0.40 per share).
- Invested $2.5B in Q2 and $6.7B through July; record total assets $31.8B, commercial lending $17.3B.
- Repurchased $30M of common shares in six months; dividend maintained at $0.48/share.
- Expects to resolve ~$900M of underperforming assets by year end.
- Completed $2.1B corporate debt transactions, extending weighted avg maturity to 3.7 years.