Loading...
•
Dec 31, 2023
Starwood Property Trust Q4 2023 Earnings Report
Starwood Property Trust reported Q4 2023 GAAP earnings of $0.22 and Distributable Earnings (DE) of $0.58 per diluted share.
Key Takeaways
Starwood Property Trust's Q4 2023 GAAP net income was $71.0 million, or $0.22 per diluted share, while Distributable Earnings was $189.4 million, or $0.58 per diluted share. The company originated or acquired $1.6 billion of assets and received repayments of $1.1 billion during the quarter. Liquidity increased to $1.2 billion.
GAAP earnings per diluted share were $0.22.
Distributable Earnings per diluted share were $0.58.
Originated or acquired $1.6 billion of assets.
Liquidity increased to $1.2 billion.
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 anticipates navigating the challenging real estate environment with its diversified platform, strong balance sheet, and ability to allocate capital to high-returning verticals.
Positive Outlook
- Strong balance sheet
- Diversified platform
- Ability to allocate capital to high-returning verticals
- Low leverage
- Strong access to liquidity
Challenges Ahead
- Headwinds in real estate both in the U.S. and abroad
- Commercial real estate industry faces a balance sheet issue
- Rapid and unprecedented increase in interest rates
- Challenges in domestic office markets
- Potential extended wait times to access the conference call via dial-in
Revenue & Expenses
Visualization of income flow from segment revenue to net income