earnings
confidence high
sentiment positive
materiality 0.70
Starwood Property Trust Q3 GAAP EPS $0.15, DE $0.49; deployed $652M in assets
STARWOOD PROPERTY TRUST, INC.
2023-Q3 EPS reported
$0.85
revenue$1,527,630,000
- GAAP net income $47.4M ($0.15 diluted); Distributable Earnings $158.4M ($0.49 diluted).
- Undepreciated book value $21.15 per share; paid quarterly dividend of $0.48 per share.
- Originated/acquired $652M of assets in Q3; received $1.1B in repayments during quarter.
- Raised $381M of convertible notes; repaid $300M of senior notes after quarter end.
- Management highlights strong liquidity and capital position to capitalize on lending opportunities.