Starwood Property Trust: 2Q Earnings Snapshot
GREENWICH, Conn. (AP) _ Starwood Property Trust Inc. (STWD) on Wednesday reported second-quarter earnings of $127 million.
The Greenwich, Connecticut-based company said it had profit of 43 cents per share. Earnings, adjusted for non-recurring costs and stock option expense, were 52 cents per share.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 52 cents per share.
The commercial real estate investment trust posted revenue of $311.2 million in the period.
Starwood Property Trust shares have climbed 17% since the beginning of the year. The stock has climbed roughly 1% in the last 12 months.