STWDStarwood Property Trust, Inc.

$7B

Q1 2018 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$261M+31.4% YoY

Gross Profit

$159M60.8% margin

Operating Income

$47M18.1% margin

Net Income

$99M38.0% margin

EPS (Diluted)

$0.38

QoQ Revenue Growth

+7.5%

Cash Flow

Operating Cash Flow

$92M

Free Cash Flow

$85M

Stock-Based Comp.

$16M

Balance Sheet

Total Assets

$61.1B

Total Liabilities

$56.4B

Stockholders' Equity

$4.5B

Cash & Equivalents

$286M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$261M	$199M	+31.4%
Gross Profit	$159M	$122M	+30.2%
Operating Income	$47M	$34M	+39.5%
Net Income	$99M	$101M	-2.2%

Revenue Segments

Real Estate Investment Lending

$150M50%

L N R Business Segments

$85M28%

Property Segment

$67M22%

STWD Q1 2018 Earnings — Starwood Property Trust, Inc. Revenue & Financial Results | Market Cap Arena