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Shares of Starwood Property Trust (NYSE:STWD) rose 2.7% in pre-market trading after the company reported Q1 results.
Earnings per share increased 96.43% over the past year to $0.55, which beat the estimate of $0.50.
Revenue of $312,560,000 up by 0.67% year over year, which beat the estimate of $262,490,000.
Earnings guidance hasn't been issued by the company for now.
Starwood Property Trust hasn't issued any revenue guidance for the time being.
Details Of The Call
Date: Feb 25, 2020
Time: 09:04 AM ET
Webcast URL: http://public.viavid.com/player/index.php?id=137848
Recent Stock Performance
52-week high: $26.33
52-week low: $7.59
Price action over last quarter: down 46.76%
Starwood Property Trust Inc is an American real estate investment trust principally engaged in originating, acquiring, and managing commercial mortgage loans and commercial mortgage-backed securities in the U.S. and Europe. The company organizes its activities into Commercial and Residential Lending Segment, Infrastructure Lending Segment, Property Segment and Investing and Servicing Segment. The former acquires and finances first mortgages, or mortgages with primary lien positions. The collateral for these mortgages is mainly office and hospitality properties in the American West and Northeast. Starwood's Investing and Servicing unit primarily generates revenue from the acquisition and sale of commercial mortgage-backed securities.
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