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Starwood Property Trust posts Q2 core earnings of $148.4M


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Starwood Property Trust posts Q2 core earnings of $148.4M

Starwood Property Trust Inc. reported second-quarter core earnings of $148.4 million, or 54 cents per share.

The second-quarter S&P Global Market Intelligence consensus estimate for normalized EPS was 53 cents.

GAAP net income attributable to the company was $109.2 million, or 40 cents per share, for the quarter.

Total revenues for the quarter were $269.6 million.

The lending segment had core earnings of $113.9 million. Core earnings for the property segment stood at $29.7 million, while the investing and servicing segment's core earnings reached $56.1 million. The corporate segment posted a core loss of $51.3 million.