Starwood Property Trust Beats Q4 EPS Estimates Amid Real Estate Challenges: Details
Portfolio Pulse from Lekha Gupta
Starwood Property Trust, Inc. (NYSE:STWD) reported Q4 FY23 earnings with revenue of $522.3 million, missing estimates but beating EPS consensus with $0.58. The company saw repayments of $1.1 billion and securitized $467 million of loans. Its servicing portfolio grew to $6.6 billion. Despite challenges in the real estate market due to rapid interest rate increases, STWD shares rose 2.49% to $19.93.
February 22, 2024 | 6:58 pm
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Starwood Property Trust reported Q4 FY23 earnings with a revenue miss but an EPS beat, alongside a positive price action of 2.49% increase to $19.93.
The positive earnings surprise, particularly the EPS beat, is likely to instill investor confidence in STWD's financial health and operational efficiency, especially in a challenging real estate market. The share price increase reflects the market's positive reception to the earnings report.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100