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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.
Revenue by Segment
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
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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