Starwood Property Trust Q1 GAAP EPS $0.16, Distributable EPS $0.49

STARWOOD PROPERTY TRUST, INC.

2023-Q1 EPS reported $0.16 revenue$490,414,000

GAAP net income $52M ($0.16/diluted share); Distributable Earnings $157.2M ($0.49/diluted share).
Undepreciated book value per share $21.37; paid dividend of $0.48/share.
LNR affirmed by Fitch at CSS1 — only special servicer with highest rating.
Repaid $250M convertible notes (April 2023) after quarter end; leverage 2.5x.
40% of distributable earnings from non-lending sources; 73% of new origination in infrastructure lending.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

STARWOOD PROPERTY TRUST, INC. reported quarter ended March 31, 2023 results: net income GAAP net income was $52.0 million, EPS Quarterly GAAP Earnings of $0.16 and Distributable Earnings (DE) of $0.49 per Diluted Share.

Period: quarter ended March 31, 2023
Net income: GAAP net income was $52.0 million
EPS: Quarterly GAAP Earnings of $0.16 and Distributable Earnings (DE) of $0.49 per Diluted Share
Result: reported results

Exact text from the filing

– Quarterly GAAP Earnings of $0.16 and Distributable Earnings (DE) of $0.49 per Diluted Share – – Undepreciated Book Value Per Share of $21.37 – – LNR Affirmed by Fitch at CSS1, Only Special Servicer Carrying Highest Rating – – Repaid $250 Million April 2023 Convertible Notes Subsequent to Quarter End – – Paid Dividend of $0.48 per Share – GREENWICH, Conn., May 4, 2023 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended March 31, 2023. The Company’s first quarter 2023 GAAP net income was $52.0 million, and Distributable Earnings (a non-GAAP financial measure) was $157.2 million.

View on SEC.gov

171 earnings releases filed in the last 30 days. Browse all earnings releases →

STARWOOD PROPERTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001628280-23-015419

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.