Starwood Property Trust, Inc. (NYSE:STWD) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 2.39%.
Starwood Property Trust, Inc. Earnings Cheat Sheet
Revenue: Rose 22.02% to $74.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Starwood Property Trust, Inc. reported adjusted EPS income of $0.48 per share. By that measure, the company beat the mean analyst estimate of $0.42. It beat the average revenue estimate of $50.75 million.
Quoting Management: “Starwood Property Trust produced a strong quarter, ending a year of significant growth for the Company,” stated Barry Sternlicht, Chairman and CEO of Starwood Property Trust. “In 2012, we invested over $2.6 billion, dramatically expanding our asset base with high quality investments producing a compelling yield in a highly competitive environment. We are building a successful brand in the commercial real estate markets as a lender to many high profile and growing real estate owners and developers. We are valued for our speed, flexibility, creativity, scale and real estate knowledge, all of which should contribute to our continued growth and success.”
Key Stats (on next page)…