NYSE$STWD
Starwood Property Trust Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Reported GAAP earnings of $0.15 and Distributable Earnings (DE) of $0.49 per diluted share.
Starwood Property Trust reported a net income of $47.4 million and Distributable Earnings of $158.4 million for the quarter ended September 30, 2023. The company originated or acquired $652 million of assets and received repayments of $1.1 billion during the quarter.
- GAAP net income was $47.4 million for Q3 2023.
- Distributable Earnings (DE) was $158.4 million for Q3 2023.
- Originated or acquired $652 million of assets in the quarter.
- Received repayments of $1.1 billion in the quarter.
Headline financials
Revenue & EPS history
Starwood Property Trust · Revenue · Quarterly
$522M
Revenue by segment
Starwood Property Trust · $565M total across 4 segments · Q3 2023
- Commercial & Residential Lending$437M+38.6%77.3%
- Infrastructure Lending$59.3M+33.6%10.5%
- Investing & Servicing$45.4M-9.4%8.0%
- Property$23.8M+3.6%4.2%
Forward guidance
Starwood Property Trust is positioned to capitalize on credit conditions and become a leading private credit alternative firm for real estate and infrastructure lending.
Tailwinds
- Significant current liquidity
- Lower leveraged balance sheet
- Diversified business model
- Access to capital in difficult markets
- Well positioned for current environment
Headwinds
- U.S. regional and money center banks have dramatically reduced their real estate lending activities
- Level of interest rates and the trajectory of the economy need to become more transparent
- Potential extended wait times to access the conference call via dial-in
- Factors that could cause actual results to differ materially from the Company’s expectations
- Severity and duration of economic disruption caused by the COVID-19 global pandemic
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.0%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+1.4%
Avg return
30 days after
53%
35 / 66 earnings
Positive
+6.0%
Q4 2012
Best reaction
-9.1%
Q2 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.6% | -5.2% | -5.5% | |
| Q4 2025 | +0.1% | +1.8% | -3.6% | |
| Q3 2025 | -2.8% | -3.2% | +0.7% | |
| Q1 2025 | +0.7% | +5.1% | +6.1% | |
| Q4 2024 | +0.9% | -0.6% | -0.7% | |
| Q3 2024 | -1.1% | -0.6% | +2.1% | |
| Q2 2024 | +2.6% | +3.7% | +5.7% | |
| Q1 2024 | +2.6% | +3.6% | -3.1% | |
| Q4 2023 | +2.2% | +2.3% | +4.6% | |
| Q3 2023 | +2.0% | +2.6% | +8.4% | |
| Q2 2023 | +3.0% | +2.9% | +1.9% | |
| Q1 2023 | -1.8% | -3.2% | +7.8% | |
| Q4 2022 | +0.1% | +7.3% | -7.7% | |
| Q3 2022 | +3.5% | +2.7% | -3.0% | |
| Q2 2022 | +0.3% | +1.4% | -4.2% | |
| Q1 2022 | +1.4% | -3.6% | +0.1% | |
| Q4 2021 | +1.5% | +1.7% | +2.9% | |
| Q3 2021 | +0.5% | +0.6% | -4.4% | |
| Q2 2021 | -0.5% | -0.1% | -0.5% | |
| Q1 2021 | -0.7% | -2.3% | +1.3% | |
| Q4 2020 | -1.7% | +0.5% | +8.7% | |
| Q3 2020 | -0.7% | +18.4% | +32.9% | |
| Q2 2020 | +4.6% | +7.1% | +4.6% | |
| Q1 2020 | +6.0% | +9.7% | +22.9% | |
| Q4 2019 | -5.3% | -13.4% | -49.6% | |
| Q3 2019 | -0.2% | -0.9% | +2.5% | |
| Q2 2019 | +3.2% | +2.4% | +3.5% | |
| Q1 2019 | -2.6% | -3.0% | -1.2% | |
| Q4 2018 | +1.0% | +2.0% | +1.4% | |
| Q3 2018 | +1.1% | +1.1% | +2.9% | |
| Q2 2018 | -3.0% | -3.7% | -0.5% | |
| Q1 2018 | +2.1% | +2.1% | +3.9% | |
| Q4 2017 | +0.5% | +3.0% | +4.8% | |
| Q3 2017 | +1.9% | +0.9% | +1.2% | |
| Q2 2017 | +2.1% | +1.6% | +0.9% | |
| Q1 2017 | -1.1% | -2.0% | -0.2% | |
| Q4 2016 | +0.2% | -0.0% | -0.7% | |
| Q3 2016 | +0.3% | +1.4% | +2.9% | |
| Q2 2016 | +2.9% | +3.1% | +6.4% | |
| Q1 2016 | +2.7% | — | — | |
| Q4 2015 | +0.9% | — | — | |
| Q3 2015 | +1.4% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | +0.2% | — | — | |
| Q3 2014 | +1.2% | — | — | |
| Q2 2014 | -1.3% | — | — | |
| Q1 2014 | -0.5% | — | — | |
| Q4 2013 | -0.5% | — | — | |
| Q3 2013 | -0.6% | — | — | |
| Q2 2013 | -0.4% | — | — | |
| Q1 2013 | +2.1% | — | — | |
| Q4 2012 | +6.0% | — | — | |
| Q3 2012 | -2.6% | — | — | |
| Q2 2012 | +0.6% | — | — | |
| Q1 2012 | -0.1% | — | — | |
| Q4 2009 | -0.6% | — | — | |
| Q4 2011 | -0.6% | — | — | |
| Q3 2009 | -0.6% | — | — | |
| Q3 2011 | -0.2% | — | — | |
| Q3 2010 | -0.2% | — | — | |
| Q2 2011 | -9.1% | — | — | |
| Q2 2010 | -9.1% | — | — | |
| Q1 2010 | -4.0% | — | — | |
| Q4 2010 | -4.0% | — | — | |
| Q1 2011 | -4.0% | — | — |
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