Starwood Property Trust (STWD) Declares $0.48 Quarterly Dividend; 8.8% Yield
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Starwood Property Trust Reports Results for the Quarter Ended September 30, 2016
November 2, 2016 6:45 AM EDTGREENWICH, Conn., Nov. 2, 2016 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended September 30, 2016. The Company's third quarter 2016 GAAP net income was $105.8 million, or $0.44 per diluted share, and Core Earnings (a non-GAAP financial measure) was $141.1 million, or $0.59 per diluted share.Â
"Our results this quarter were driven by contributions from across our businesses, demonstrating the strength of our multi-cylinder platform," stated Barry Sternlicht, Chairman and Chief Executive Officer of Starwood Property Trust. "We deployed over $1.3 billion of capital this quarter and $3.8 billion year-to-date through... More
