Starwood Property Trust Q1 GAAP EPS $0.48, DE $0.59; record liquidity $1.5B

STARWOOD PROPERTY TRUST, INC.

2024-Q1 EPS reported $0.48 revenue$523,088,000

GAAP net income $154.3M ($0.48 diluted EPS); Distributable Earnings $191.6M ($0.59/sh).
Issued $600M of 5-year senior unsecured sustainability notes due 2029, 7x oversubscribed.
Sold Master Lease Portfolio for $387M, generating net gains of $90.8M (GAAP) and $37.4M (DE).
Record liquidity of $1.5B; over $1.0B in loan repayments during the quarter.
Undepreciated book value per share $20.69; quarterly dividend maintained at $0.48/sh.

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 0.95

STARWOOD PROPERTY TRUST, INC. reported the fiscal quarter ended March 31, 2024 results: net income $154.3 million, EPS $0.48.

Period: the fiscal quarter ended March 31, 2024
Net income: $154.3 million
EPS: $0.48
Result: reported results

Exact text from the filing

Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended March 31, 2024. The Company’s first quarter 2024 GAAP net income was $154.3 million

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STARWOOD PROPERTY TRUST, INC. filing history →

Source: SEC EDGAR

accession 0001628280-24-021355

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