STWD Q1 2024 Earnings — Starwood Property Trust, Inc. Revenue & Financial Results | Market Cap Arena

STWDStarwood Property Trust, Inc.

$7B

Q1 2024 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$615M+25.4% YoY

Gross Profit

$548M89.1% margin

Operating Income

$572M92.9% margin

Net Income

$154M25.1% margin

EPS (Diluted)

$0.48

QoQ Revenue Growth

+18.7%

Cash Flow

Operating Cash Flow

$56M

Free Cash Flow

$50M

Stock-Based Comp.

$10M

Balance Sheet

Total Assets

$66.2B

Total Liabilities

$59.1B

Stockholders' Equity

$6.3B

Cash & Equivalents

$327M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$615M	$491M	+25.4%
Gross Profit	$548M	$148M	+271.0%
Operating Income	$572M	$385M	+48.5%
Net Income	$154M	$52M	+196.9%

Revenue Segments

Commercial And Residential Lending Segment

$431M77%

Infrastructure Lending Segment

$67M12%

L N R Business Segments

$42M8%

Property Segment

$21M4%