Starwood Property Trust, Inc. (STWD) CEO Barry Sternlicht on Q1 2019 Results - Earnings Call Transcript

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Q1: 2019-05-08 Earnings Summary

EPS of $0.28 misses by $0.24
 | Revenue of $310.48M (19.15% Y/Y) beats by $7.96M

Starwood Property Trust, Inc. (NYSE:STWD) Q1 2019 Results Earnings Conference Call May 8, 2019 10:00 AM ET

Company Participants

Zachary Tanenbaum - Head of Investor Strategy
Rina Paniry - Chief Financial Officer
Jeff DiModica - President
Barry Sternlicht - Chairman, Chief Executive Officer

Conference Call Participants

Steve DeLaney - JMP Securities
Jade Rahmani - KBW
Steven Laws - Raymond James
Doug Harter - Credit Suisse
Rick Shane - JPMorgan
Tim Hayes - B. Riley FBR

Operator

Greetings. Welcome to Starwood Property Trust first quarter 2019 earnings call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions]. Please note, this conference is being recorded.

I would turn the conference over to Zachary Tanenbaum, Director of Investor Relations for Starwood Property Trust. Thank you. You may begin.

Zachary Tanenbaum

Thank you operator. Good morning and welcome to Starwood Property Trust earnings call. This morning the company released its financial results for the quarter ended March 31, 2019, filed its Form 10-Q with the Securities and Exchange Commission and posted its earnings supplement to its website. These documents are available in the Investor Relations section of the company's website at www.starwoodpropertytrust.com.

Before the call begins, I would like to remind everyone that certain statements made in the course of this call are not based on historical information and may constitute forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to a number of trends and uncertainties that cause actual results to differ materially from those described in the forward-looking statements.

I refer you to the company's filings made with the SEC for a more thorough discussion of risks and the factors that could cause actual results to differ materially from those expressed or implied in any

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