STWDStarwood Property Trust, Inc.

$7B

Q3 2018 Earnings

Real Estate REIT - Mortgage

Income Statement

Revenue

$286M+25.6% YoY

Gross Profit

$166M58.2% margin

Operating Income

$53M18.7% margin

Net Income

$84M29.2% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

+6.0%

Cash Flow

Operating Cash Flow

$322M

Free Cash Flow

$314M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$62.9B

Total Liabilities

$58.0B

Stockholders' Equity

$4.6B

Cash & Equivalents

$266M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$286M	$227M	+25.6%
Gross Profit	$166M	$144M	+15.5%
Operating Income	$53M	$39M	+38.3%
Net Income	$84M	$88M	-4.7%

Revenue Segments

Real Estate Investment Lending

$159M49%

L N R Business Segments

$87M27%

Property Segment

$76M23%

Infrastructure Lending Segment

$3M1%

STWD Q3 2018 Earnings — Starwood Property Trust, Inc. Revenue & Financial Results | Market Cap Arena