earnings
confidence high
sentiment neutral
materiality 0.60
Starwood Property Trust Q2 2023 GAAP EPS $0.54; Distributable Earnings $0.49 per share
STARWOOD PROPERTY TRUST, INC.
2023-Q2 EPS reported
$0.70
revenue$1,006,083,000
- GAAP net income of $168.8M ($0.54 diluted EPS); Distributable Earnings of $157.5M ($0.49 per share).
- Undepreciated book value per share rose to $21.46; liquidity near record $1.2B.
- Received $1.3B in loan repayments during Q2 and $0.5B subsequent to quarter end.
- Issued $381M of 2027 Sustainable Convertible Notes after quarter end; paid $0.48 dividend per share.
- Chairman cites declining transaction volumes but expects favorable lending opportunities as rates stabilize.