NYSE$STWD
Starwood Property Trust Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported GAAP earnings of $0.23 and Distributable Earnings (DE) of $0.48 per diluted share.
Starwood Property Trust reported a net income of $76.1 million and Distributable Earnings of $159.0 million for Q3 2024. They originated or acquired $2.1 billion of assets and raised $800 million in capital, bringing liquidity to a record $1.8 billion.
- GAAP Earnings were $0.23 per share and Distributable Earnings (DE) were $0.48 per diluted share.
- Originated or acquired $2.1 Billion of assets in the quarter.
- Received repayments of $1.6 Billion in the quarter.
- Raised $800 Million of capital bringing liquidity to a record $1.8 Billion.
Headline financials
Revenue & EPS history
Starwood Property Trust · Revenue · Quarterly
$480M
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 well-positioned to increase its investment pace as transaction volumes return to the real estate markets, due to its record liquidity, robust pipeline, unencumbered assets, and unrealized gains in its property book.
Tailwinds
- Record liquidity of $1.8 billion.
- Robust pipeline for investments.
- Access to capital via $4.6 billion of unencumbered assets.
- Over $4.00 per share of unrealized gains in property book.
- Well positioned to increase investment pace.
Headwinds
- Likely to continue to have restructurings in loan book.
- Cycle moves on.
- Commercial lending book is roughly 60% of total assets.
- Potential extended wait times to access the conference call via dial-in.
- Competition within the finance and real estate industries.
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 2024
+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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