Starwood Property Trust, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 06:52 am EST
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Starwood Property Trust, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 33.09 million compared to USD 32.93 million a year ago. Revenue was USD 521.55 million compared to USD 390.54 million a year ago. Net income was USD 47.44 million compared to USD 194.56 million a year ago. Basic earnings per share from continuing operations was USD 0.15 compared to USD 0.62 a year ago. Diluted earnings per share from continuing operations was USD 0.15 compared to USD 0.61 a year ago.
For the nine months, sales was USD 97.69 million compared to USD 96.04 million a year ago. Revenue was USD 1,527.63 million compared to USD 1,010.12 million a year ago. Net income was USD 268.25 million compared to USD 731.45 million a year ago. Basic earnings per share from continuing operations was USD 0.85 compared to USD 2.35 a year ago. Diluted earnings per share from continuing operations was USD 0.85 compared to USD 2.3 a year ago.
Starwood Property Trust, Inc. is a real estate investment trust. The Company's segments include Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing. Commercial and Residential Lending segment is engaged in originating, acquiring, financing and managing commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities, residential mortgage-backed securities and other real estate and real estate-related debt investments in the United States, Europe and Australia. Infrastructure Lending segment is engaged in originating, acquiring, financing and managing infrastructure debt investments. Property segment is engaged primarily in acquiring and managing equity interests in stabilized commercial real estate properties. Investing and Servicing segment includes a servicing business in the United States; an investment business, and a mortgage loan business.
STARWOOD PROPERTY TRUST, INC. 
