Key Takeaways from Starwood Property Trust, Inc. (NYSE:STWD) 1Q18 Earnings

Starwood Property Trust, Inc.

Starwood Property Trust, Inc. (NYSE:STWD) revealed net income for the first quarter of $ 99.93 million or $ 0.38 per share

On adjusted basis, STWD reported core earnings of $ 155.84 million or $ 0.58 per share.

Headquartered in Greenwich, Connecticut, the company disclosed, total revenue that reached $ 260.59 million.

The consensus estimates from Thomson Reuters are income of $ 0.53 per share from $ 252.10 million in revenue.

Barry Sternlicht, Chairman and CEO, commented, Our advantaged access to best-in-class low cost funding options, including our most recent $500 million unsecured debt offering, has enabled us to continue to source and close attractive risk adjusted lending investments in a very competitive market.

The Board of Directors declared a dividend of $0.48 per share of common stock for the quarter ending June 30, 2018. The dividend is payable on July 13, 2018 to common stockholders of record as of June 29, 2018.