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Sep 30, 2023
Starwood Property Trust Q3 2023 Earnings Report
Reported GAAP earnings of $0.15 and Distributable Earnings (DE) of $0.49 per diluted share.
Key Takeaways
Starwood Property Trust reported a net income of $47.4 million and Distributable Earnings of $158.4 million for the quarter ended September 30, 2023. The company originated or acquired $652 million of assets and received repayments of $1.1 billion during the quarter.
GAAP net income was $47.4 million for Q3 2023.
Distributable Earnings (DE) was $158.4 million for Q3 2023.
Originated or acquired $652 million of assets in the quarter.
Received repayments of $1.1 billion in the quarter.
Starwood Property Trust
Starwood Property Trust
Starwood Property Trust Revenue by Segment
Revenue by Segment
Commercial and Residential Lending Revenue
CapyFin.comInfrastructure Lending Revenue
CapyFin.comProperty Revenue
CapyFin.comInvesting and Servicing Revenue
CapyFin.com Forward Guidance
Starwood Property Trust is positioned to capitalize on credit conditions and become a leading private credit alternative firm for real estate and infrastructure lending.
Positive Outlook
- Significant current liquidity
- Lower leveraged balance sheet
- Diversified business model
- Access to capital in difficult markets
- Well positioned for current environment
Challenges Ahead
- U.S. regional and money center banks have dramatically reduced their real estate lending activities
- Level of interest rates and the trajectory of the economy need to become more transparent
- Potential extended wait times to access the conference call via dial-in
- Factors that could cause actual results to differ materially from the Company’s expectations
- Severity and duration of economic disruption caused by the COVID-19 global pandemic
Revenue & Expenses
Visualization of income flow from segment revenue to net income