earnings
confidence high
sentiment positive
materiality 0.75
Starwood Property Trust Q3 2024 GAAP EPS $0.23, DE $0.48; record liquidity $1.8B
STARWOOD PROPERTY TRUST, INC.
2024-Q3 EPS reported
$0.96
revenue$1,492,454,000
- GAAP net income $76.1M ($0.23 per diluted share), including $66.4M credit loss provision.
- Distributable Earnings $159.0M ($0.48 per share); dividend maintained at $0.48 per share.
- Originated or acquired $2.1B of assets in Q3, highest quarterly volume since Fed began raising rates.
- Raised $800M of capital, boosting liquidity to record $1.8B; leverage ratio 2.1x.
- Undepreciated book value per share $20.22; commercial lending book now 60% of total assets.