Starwood Property Trust Net Income Drops, CRE Originations Soar – Commercial Observer
Starwood Property Trust’s earnings fell in the first quarter, but the firm’s commercial real estate lending business soared and it is positioned for more originations growth this year. The real estate investment trust reported Friday first-quarter net income of $112.3 million, or 33 cents per share, down from $154.3 million, or 48 cents per share in the year-ago period, which was in line with analyst expectations. Its total revenues for the quarter came in at $418.18 million, down 20 percent from a year earlier.SEE ALSO: Nuveen Secures $320M to Buy...