Starwood Property reports Q3 EPS 40c, consensus 44c

Reports Q3 revenue $488.88M, consensus $479.7M. “At the time of our IPO in 2009, we committed to diversify our company. We once again delivered by acquiring Fundamental, a $2.2B portfolio of durable, long-term, high quality net lease assets and a best-in-class team. Leveraging the resources of our manager, Starwood Capital Group, we believe we can meaningfully grow this net lease portfolio accretively in the coming years,” said Barry Sternlicht, Chairman and CEO of Starwood Property (STWD) Trust. “As interest rates move lower and transaction volumes ramp, our ample liquidity offers us a great opportunity to continue growing all of our cylinders.”