Business
Starwood Property Trust Reports Results for the Quarter and Year Ended December 31, 2024
Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter and year ended December 31, 2024. The Company's fourth quarter 2024 GAAP net income was $51.6 million, inclusive of a $52.4 million credit loss provision, and Distributable Earnings (a non-GAAP financial measure) was $166.7 million. The Company's full year 2024 GAAP net income was $359.9 million, inclusive of a $197.4 million credit loss provision, and Distributable Earnings was $675.0 million.
About this update from Starwood Property Trust Inc.
[{"type":"text","content":"– GAAP EPS of $0.15 for the Quarter and $1.10 for the Year and Distributable EPS for the Quarter of $0.48 and $2.02 for the Year –","length":130,"tagName":"p","attribs":{}},{"type":"text","content":"– Invested $1.6 Billion in the Quarter, $5.1 Billion for the Year and $1.5 Billion After Year End –","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"– Executed $2.3 Billion of Corporate Debt in the Quarter, Extending Average Maturity to 3.5 Years –","length":99,"tagName":"p","attribs":{}},{"type":"text","content":"– Current Liquidity of $1.8 Billion –","length":43,"tagName":"p","attribs":{}},{"type":"text","content":"– Paid Dividend of $0.48 per Share for the 62nd Straight Quarter –","length":66,"tagName":"p","attribs":{}},{"type":"text","content":"MIAMI BEACH, Fla., Feb. 27, 2025 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter and year ended December 31, 2024. The Company's fourth quarter 2024 GAAP net income was $51.6 million, inclusive of a $52.4 million credit loss provision, and Distributable Earnings (a non-GAAP financial measure) was $166.7 million. The Company's full year 2024 GAAP net income was $359.9 million, inclusive of a $197.4 million credit loss provision, and Distributable Earnings was $675.0 million.","length":600,"tagName":"p"},{"type":"text","content":""Having a low leverage multi-cylinder platform has allowed us to invest every quarter for 15 years despite volatile and disruptive market conditions, successfully deploying over $100 billion of capital. With capital markets continuing to thaw, we expect to significantly increase our pace of investment in 2025 and have already closed $1.5 billion so far this year," commented Barry Sternlicht, Chairman and CEO of Starwood Property Trust.","length":449,"tagName":"p"},{"type":"text","content":""With significant liquidity and proven access to capital at record low spreads, we are well positioned to grow across our investing cylinders. Our success is not reliant on any one of our many businesses. We have $1.5 billion of harvestable unrealized property gains and high return on equity divisions, including our special servicer (the largest named servicer in the U.S.) and our conduit (the largest non-bank contributor ...