Overview

• US real estate finance firm's Q1 distributable earnings missed analyst expectations

• GAAP net income for Q1 was $51.9 mln

• Company invested $2.5 bln in Q1 and $1.5 bln after quarter end

Outlook

• Company did not provide specific financial guidance for the current or future periods

Result Drivers

• BALANCE SHEET OPTIMIZATION - Co completed infrastructure CLO at record tight credit spread and refinanced ABS transaction at lower cost, per President Jeffrey DiModica

Company press release: ID:nPn3BQJg0a

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the specialized reits peer group is "buy"

• Wall Street's median 12-month price target for Starwood Property Trust Inc is $20.00, about 10.8% above its May 7 closing price of $18.05

• The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 10 three months ago

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