Starwood Property Trust Q1 EPS Misses at $0.39 While Revenue Hits $512M
Starwood Property Trust reported Q1 EPS of $0.39, missing the $0.42 consensus while generating revenue of $512.5 million, up from $418 million a year ago. The mortgage REIT deployed $2.5 billion in new investments during the quarter and reaffirmed its $0.48 per share dividend.
1. Q1 Financial Results
Starwood reported first-quarter EPS of $0.39, below the $0.42 analyst consensus, while revenue rose to $512.46 million, a 23% increase from $418 million in Q1 last year.
2. Investment Activity
During the quarter, the company deployed $2.5 billion in new real estate credit investments and committed an additional $1.5 billion after quarter-end, bringing total year-to-date investment to $4 billion.
3. Dividend and Valuation Metrics
The REIT maintained its quarterly dividend at $0.48 per share and trades at a trailing P/E ratio of 16.89 and a price-to-sales ratio of 3.29.