Starwood Property Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 03, 2023 at 11:52 am
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Starwood Property Trust, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 32.31 million compared to USD 31.52 million a year ago. Revenue was USD 515.67 million compared to USD 325.59 million a year ago. Net income was USD 168.84 million compared to USD 212.29 million a year ago. Basic earnings per share from continuing operations was USD 0.54 compared to USD 0.68 a year ago. Diluted earnings per share from continuing operations was USD 0.54 compared to USD 0.67 a year ago.
For the six months, sales was USD 64.6 million compared to USD 63.1 million a year ago. Revenue was USD 1,006.08 million compared to USD 619.58 million a year ago. Net income was USD 220.82 million compared to USD 536.89 million a year ago. Basic earnings per share from continuing operations was USD 0.7 compared to USD 1.72 a year ago. Diluted earnings per share from continuing operations was USD 0.7 compared to USD 1.69 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. 
