Starwood Property Trust: Q1 Earnings Snapshot
By Ap News
Published - May 08, 2024, 07:15 AM ET
Last Updated - May 27, 2024, 01:00 AM EDT
GREENWICH, Conn. (AP) — GREENWICH, Conn. (AP) — Starwood Property Trust Inc. (STWD) on Wednesday reported first-quarter net income of $154.3 million.
On a per-share basis, the Greenwich, Connecticut-based company said it had profit of 48 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 59 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.
The commercial real estate investment trust posted revenue of $523.1 million in the period.
