Starwood Property Trust: 4Q Earnings Snapshot
GREENWICH, Conn. (AP) _ Starwood Property Trust Inc. (STWD) on Tuesday reported fourth-quarter earnings of $171.9 million.
The Greenwich, Connecticut-based company said it had profit of 60 cents per share. Earnings, adjusted for non-recurring gains, came to 47 cents per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The commercial real estate investment trust posted revenue of $286.4 million in the period.
For the year, the company reported profit of $509.7 million, or $1.79 per share. Revenue was reported as $1.2 billion.
Starwood Property Trust shares have climbed 3% since the beginning of the year. The stock has risen 16% in the last 12 months.