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Dec 31, 2024
Starwood Property Trust Q4 2024 Earnings Report
Starwood Property Trust reported a decline in net income but strong investment activity and liquidity.
Key Takeaways
Starwood Property Trust's Q4 2024 revenue reached $496.67 million, driven by interest income from loans and investment securities. Net income for the quarter was $51.6 million, significantly impacted by a $52.4 million credit loss provision. Distributable earnings stood at $166.7 million, with a GAAP EPS of $0.15 and a non-GAAP EPS of $0.48.
Total revenue for Q4 2024 reached $496.67 million.
Net income for the quarter was $51.6 million, reflecting credit loss provisions.
GAAP EPS stood at $0.15, while non-GAAP EPS (Distributable Earnings) was $0.48.
Invested $1.6 billion in Q4 2024, with $1.5 billion deployed after year-end.
Revenue by Segment
Forward Guidance
Starwood Property Trust expects to increase investment activity in 2025, leveraging its liquidity and diverse investment platform.
Positive Outlook
- Strong liquidity position of $1.8 billion.
- Plans to significantly increase investment activity in 2025.
- Diverse business model reduces reliance on any single investment segment.
- Consistent dividend payout with 62 consecutive quarters of distributions.
- Successful deployment of capital across multiple investment classes.
Challenges Ahead
- Net income impacted by credit loss provisions.
- Uncertainty in real estate markets affecting investment decisions.
- Higher interest expenses due to debt issuances.
- Potential macroeconomic headwinds affecting borrower credit quality.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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