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Starwood Property (STWD)
NYSE:STWD
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Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.47Last Year’s EPS
0.58Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 09, 2018
|% Change Since: 0.99%
|Next Earnings Date:Aug 08, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong financial performance with robust earnings and new investments, particularly in infrastructure lending and CRE. However, challenges remain with increased reserves and risk ratings, and concerns about long-term treasury impacts.Company Guidance
During the Q3 2024 earnings call for Starwood Property Trust (STWD), the company provided detailed guidance on various financial metrics. They reported distributable earnings (DE) of $159 million or $0.48 per share, with a GAAP net income of $76 million or $0.23 per share, affected by an increased CECL reserve. The company committed $2.1 billion to new investments, with commercial lending making up 56% of their assets. The commercial lending segment contributed $190 million in DE, with $848 million in loan originations and $1.1 billion in repayments. Their loan book stood at $14.6 billion with a consistent risk rating of 3.0. In residential lending, their portfolio was at $2.5 billion, with prepayment speeds decreasing and a $22 million net positive mark-to-market. The company also highlighted $38 million DE from investing and servicing, with $1 billion in year-to-date securitizations. Infrastructure lending contributed $23 million in DE, as they committed $527 million to new loans and completed a $600 million CLO post-quarter end. Liquidity was strong at $1.8 billion, with $9.8 billion available under existing lines and a debt-to-equity ratio of 2.14x, the lowest in over two years.Strong Distributable Earnings
Reported distributable earnings of $159 million or $0.48 per share, with a GAAP net income of $76 million or $0.23 per share.
Significant New Investments
Committed $2.1 billion towards new investments this quarter, with 60% in businesses other than commercial lending.
Robust Loan Origination and Repayment
Originated $848 million in commercial loans and received $1.1 billion in repayments, with a year-to-date total of $2.6 billion.
Infrastructure Lending Growth
Committed $527 million to new loans in infrastructure lending, expecting a 15% levered IRR.
Strong Liquidity Position
Enhanced liquidity with $392 million of common stock issuance and $400 million in senior unsecured sustainability notes, leading to current liquidity of $1.8 billion.
Record Pipeline in CRE Lending
CRE lending pipeline is the strongest it has been in 2 years, with expectations for an increase in investment pace.
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STWD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STWD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $19.18 | $18.92 | -1.36% |
| Aug 06, 2024 | $17.94 | $18.43 | +2.73% |
| May 08, 2024 | $18.15 | $18.65 | +2.75% |
| Feb 22, 2024 | $17.63 | $18.07 | +2.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Starwood Property (STWD) report earnings?
Starwood Property (STWD) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Starwood Property (STWD) earnings time?
Starwood Property (STWD) earnings time is at Feb 21, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STWD EPS forecast?
STWD EPS forecast for the fiscal quarter 2024 (Q4) is 0.47.
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