Top-News
Mittwoch,
28.02.2018 12:45
von
PR Newswire
| Aufrufe: 118
Starwood Property Trust Reports Results for the Quarter and Year Ended December 31, 2017
Zeitungsständer (Symbolbild).
© AdrianHancu / iStock Editorial / Getty Images Plus / Getty Images
PR Newswire
GREENWICH, Conn., Feb. 28, 2018
GREENWICH, Conn., Feb. 28, 2018 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter and year ended December 31, 2017. The Company's fourth quarter 2017 GAAP net income was $92.6 million, or $0.35 per diluted share, and $400.8 million, or $1.52 per diluted share, for the full year. Core Earnings (a non-GAAP financial measure) for the fourth quarter was $144.7 million, or $0.55 per diluted share and $584.2 million, or $2.23 per diluted share, for the full year.
"We are very pleased with our performance in 2017. Each of our business lines continued to perform exceedingly well, demonstrating the strength of our multi-cylinder platform. We grew our diversified portfolio with the deployment of $7.3 billion of capital during the year, including $4.2 billion of originations in our large loan business, an increase of 29% from prior year," commented Barry Sternlicht, Chairman and CEO of Starwood Property Trust.
"Our large loan business continues to be our primary line of business, and we ended the quarter with the highest loan balance on the books in the over eight year history of our firm. As we expand our originations team, we have maintained credit quality while reducing the cost of our liabilities to create returns that are at or above historical levels, despite changes in the lending environment. Leveraging our diversified platform, our relationship with Starwood Capital Group, and ample liquidity, we expect to close on a record pipeline of over $2.5 billion of investments in the first quarter."
Dividend
On February 28, 2018, the Company's Board of Directors declared a dividend of $0.48 per share of common stock for the quarter ending March 31, 2018. The dividend is payable on April 13, 2018 to common stockholders of record as of March 30, 2018.
2018 Outlook
Given its current outlook, the Company is confident that it will generate Core Earnings in excess of the dividend and expects to maintain a $1.92 per share distribution for the full year.
Supplemental Schedules
The Company has published supplemental earnings schedules on its website in order to provide additional disclosure and financial information for the benefit of the Company's stakeholders. Specifically, these materials can be found at the Company's website in the Investor Relations section under "Quarterly Results" at www.starwoodpropertytrust.com.
Conference Call and Webcast Information
The Company will host a webcast and conference call on Wednesday, February 28, 2018, at 10:00 a.m. Eastern Time to discuss the quarter's financial results and recent events. A webcast will be available on the Company's website at www.starwoodpropertytrust.com. To listen to a live broadcast, access the site at least 15 minutes prior to the scheduled start time in order to register and download and install any necessary audio software.
To Participate in the Telephone Conference Call:
Dial in at least five minutes prior to start time.
Domestic: 1-800-289-0517
International: 1-323-994-2083
Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Passcode: 1496293
The playback can be accessed through March 14, 2018.
About Starwood Property Trust, Inc.
Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is the largest commercial mortgage real estate investment trust in the United States. The Company's core business focuses on originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. With total capital deployed since inception of over $39 billion, Starwood Property Trust continues to solidify its position as one of the premier real estate finance companies in the country.
Forward-Looking Statements
Statements in this press release which are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Although Starwood Property Trust, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Factors that could cause actual results to differ materially from the Company's expectations include completion of pending investments, continued ability to acquire additional investments, competition within the finance and real estate industries, economic conditions, availability of financing and other risks detailed from time to time in the Company's reports filed with the SEC.
| Starwood Property Trust, Inc. and Subsidiaries | |||||||||||||||||||||
| Condensed Consolidated Statement of Operations by Segment | |||||||||||||||||||||
| For the three months ended December 31, 2017 | |||||||||||||||||||||
| (Amounts in thousands) | |||||||||||||||||||||
| | |||||||||||||||||||||
| | | | | | | Investing | | | | | | Investing | | | |||||||
| | | Lending | | Property | | and Servicing | | | | | | and Servicing | | | |||||||
| | | Segment | | Segment | | Segment | | Corporate | | Subtotal | | VIEs | | Total | |||||||
| Revenues: | | | | | | | | | | | | | | | | | | | | | |
| Interest income from loans | | $ | 139,618 | | $ | — | | $ | 3,102 | | $ | — | | $ | 142,720 | | $ | — | | $ | 142,720 |
| Interest income from investment securities | | | 10,840 | | | — | | | 29,975 | | | — | | | 40,815 | | | (28,047) | | | 12,768 |
| Servicing fees | | | 143 | | | — | | | 24,321 | | | — | | | 24,464 | | | (10,590) | | | 13,874 |
| Rental income | | | — | | | 59,671 | | | 13,168 | | | — | | | 72,839 | | | — | | | 72,839 |
| Other revenues | | | 133 | | | 215 | | | 344 | | | — | | | 692 | | | (61) | | | 631 |
| Total revenues | | | 150,734 | | | 59,886 | | | 70,910 | | | — | | | 281,530 | | | (38,698) | | | 242,832 |
| Costs and expenses: | | | | | | | | | | | | | | | | | | | | | |
| Management fees | | | 528 Werbung Mehr Nachrichten zur Starwood Property Trust Aktie kostenlos abonnieren
E-Mail-Adresse
Bitte überprüfe deine die E-Mail-Adresse.
Benachrichtigungen von ARIVA.DE (Mit der Bestellung akzeptierst du die Datenschutzhinweise) -1  Vielen Dank, dass du dich für unseren Newsletter angemeldet hast. Du erhältst in Kürze eine E-Mail mit einem Aktivierungslink. Hinweis: ARIVA.DE veröffentlicht in dieser Rubrik Analysen, Kolumnen und Nachrichten aus verschiedenen Quellen. Die ARIVA.DE AG ist nicht verantwortlich für Inhalte, die erkennbar von Dritten in den „News“-Bereich dieser Webseite eingestellt worden sind, und macht sich diese nicht zu Eigen. Diese Inhalte sind insbesondere durch eine entsprechende „von“-Kennzeichnung unterhalb der Artikelüberschrift und/oder durch den Link „Um den vollständigen Artikel zu lesen, klicken Sie bitte hier.“ erkennbar; verantwortlich für diese Inhalte ist allein der genannte Dritte. Andere Nutzer interessierten sich auch für folgende News | ||||||||||||||||||
