Last $23.50 USD
Change Today -0.03 / -0.13%
Volume 333.6K
STWD On Other Exchanges
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As of 1:20 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

starwood property trust inc (STWD) Key Developments

Starwood Property Trust, Inc. Declares Dividend for the Quarter Ending September 30, 2014, Payable on October 15, 2014

On August 6, 2014, the Starwood Property Trust, Inc.'s Board of Directors declared a dividend of $0.48 per share of common stock for the quarter ending September 30, 2014. The dividend is payable on October 15, 2014 to common shareholders of record as of September 30, 2014.

Starwood Property Trust, Inc. Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Full Year 2014

Starwood Property Trust, Inc. reported consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s total revenues were $170,750,000. Income from continuing operations before income taxes was $124,659,000. Income from continuing operations was $120,382,000. Net income was $120,382,000. Net income attributable to Starwood Property Trust, Inc. was $117,868,000 or $0.52 per diluted share. Core earnings were $115,242,000 or $0.51 diluted per share. For the six months, the company’s total revenues were $342,729,000. Income from continuing operations before income taxes was $252,711,000. Income from continuing operations was $242,814,000. Net income` was $241,263,000. Net income attributable to Starwood Property Trust, Inc. was $238,469. Core earnings were $236,765,000 or $1.11 diluted per share. On a fully diluted basis, the company's GAAP book value at June 30, 2014 was $16.59 per share, up from $15.85 at March 31, 2014. For year 2014, the company reaffirms core earnings guidance in the range of $2.00 per diluted share to $2.20 per diluted share. This guidance reflects the company's estimates on the) yield on existing investments; yield on incremental investments inclusive of the company's existing pipeline; amount and timing of debt and equity capital deployment to fund new investments; costs of additional debt and equity capital to fund new investments; pace of amortization of the servicing intangible based on the amount and timing of servicing fees on existing contracts; taxation associated with the TRSs, particularly the LNR TRSs, which house this segment's servicing and conduit loan operations, both of which generate significant taxable income; and changes in costs and expenses reflective of the company's forecasted operations.

Starwood Property Trust, Inc., Q2 2014 Earnings Call, Aug 06, 2014

Starwood Property Trust, Inc., Q2 2014 Earnings Call, Aug 06, 2014

Starwood Property Trust, Inc. to Report Q2, 2014 Results on Aug 06, 2014

Starwood Property Trust, Inc. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 06, 2014

Starwood Property Trust, Inc. Announces Board Changes

Starwood Property Trust, Inc. announced that Sol Kumin, the former Chief Operating Officer of SAC Capital Advisors LP, has joined its Board of Directors. Mr. Kumin is replacing Jeffrey DiModica, who has accepted a position as Managing Director with Starwood Capital Group. Mr. Kumin was most recently at SAC Capital Advisors LP where he served as the Chief Operating Officer from 2008 to 2014.

 

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STWD Competitors

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Company Last Change
MFA Financial Inc $8.37 USD +0.02
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STWD

Industry Average

Valuation STWD Industry Range
Price/Earnings 11.4x
Price/Sales 9.8x
Price/Book 1.4x
Price/Cash Flow 11.8x
TEV/Sales 1.8x
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