Starwood Property Trust Reports Results for Quarter Ended September 30, 2024
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Starwood Property Trust reported its Q3 2024 results, with GAAP earnings of $0.23 and distributable earnings of $0.48 per share. The company originated or acquired $2.1 billion in assets and received $1.6 billion in repayments during the quarter. It raised $800 million in capital, increasing liquidity to $1.8 billion, and paid a dividend of $0.48 per share.
November 06, 2024 | 12:15 pm
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Starwood Property Trust reported Q3 2024 GAAP earnings of $0.23 and distributable earnings of $0.48 per share. The company acquired $2.1 billion in assets and received $1.6 billion in repayments. It raised $800 million in capital, boosting liquidity to $1.8 billion, and paid a $0.48 dividend per share.
The positive earnings report, strong asset acquisition, and high liquidity position are likely to boost investor confidence in STWD. The maintained dividend also supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100