STWD Q2 2023 Earnings — Starwood Property Trust, Inc. Revenue & Financial Results | Market Cap Arena

STWDStarwood Property Trust, Inc.

$7B

Q2 2023 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$520M+59.8% YoY

Gross Profit

$396M76.1% margin

Operating Income

-$68M-13.0% margin

Net Income

$169M32.4% margin

EPS (Diluted)

$0.54

QoQ Revenue Growth

+6.1%

Cash Flow

Operating Cash Flow

$189M

Free Cash Flow

$180M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$73.2B

Total Liabilities

$66.0B

Stockholders' Equity

$6.4B

Cash & Equivalents

$334M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$520M	$326M	+59.8%
Gross Profit	$396M	$404M	-2.1%
Operating Income	-$68M	$64M	-205.4%
Net Income	$169M	$208M	-18.9%

Revenue Segments

Commercial And Residential Lending Segment

$431M78%

Infrastructure Lending Segment

$60M11%

L N R Business Segments

$41M7%

Property Segment

$24M4%