Starwood Property Trust Inc. reported fourth-quarter 2017 core earnings of $144.7 million, or 55 cents per share.
The S&P Capital IQ consensus normalized EPS estimate for the quarter was 53 cents.
GAAP net income attributable to the company was $92.6 million, or 35 cents per share, for the quarter.
The lending segment had core earnings of $110.4 million, or 42 cents per share, for the quarter. Core earnings in the investing and servicing segment were booked at $41.9 million, or 16 cents per share, and the property segment reported core earnings of $23.0 million, or 9 cents per share.
For the full year 2017, Starwood Property reported core earnings of $584.2 million, or $2.23 per share.
The S&P Capital IQ consensus normalized EPS estimate for 2017 was $2.21.
GAAP net income attributable to the company was $400.8 million, or $1.52 per share, for the year.
The company expects to maintain an annual distribution of $1.92 per share for 2018.
The company deployed about $7.3 billion of capital during 2017, including $4.2 billion of originations in its loan business, an increase of 29% from 2016, Chairman and CEO Barry Sternlicht said. The company expects to close on a pipeline of more than $2.5 billion of investments in the first quarter.
