Starwood Property Trust Q3 GAAP EPS $0.61, distributable earnings $0.51; new $600M term loan

STARWOOD PROPERTY TRUST, INC.

2022-Q3 EPS reported $2.30 revenue$1,010,119,000

Q3 GAAP net income $194.6M ($0.61/diluted share); Distributable Earnings $163.3M ($0.51/share).
Investment activity of $1.3B, including $0.9B in commercial lending; undepreciated book value rose $0.18 to $21.69.
Priced new $600M 5-year term loan; liquidity of $1.3B including net proceeds; $3.9B unencumbered assets.
LNR regained top special servicer position in U.S. with over $100B in named servicing.
Paid quarterly dividend of $0.48 per share; management focused on deploying capital selectively.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

STARWOOD PROPERTY TRUST, INC. reported the quarter ended September 30, 2022 results: net income $0.61 per diluted share, EPS $0.61 per diluted share.

Period: the quarter ended September 30, 2022
Net income: $0.61 per diluted share
EPS: $0.61 per diluted share
Result: reported results

Exact text from the filing

Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended September 30, 2022. The Company’s third quarter 2022 GAAP net income was $194.6 million, or $0.61 per diluted share, and Distributable Earnings (a non-GAAP financial measure) was $163.3 million, or $0.51 per diluted share.

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Source: SEC EDGAR

accession 0001628280-22-029055

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