Starwood Property Trust's (STWD) CEO Barry Sternlicht on Q2 2020 Results -Earnings Call Transcript

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Q2: 2020-08-05 Earnings Summary

EPS of $0.43 beats by $0.02
 | Revenue of $265.61M (-14.65% Y/Y) misses by $24.27M

Starwood Property Trust, Inc. (NYSE:STWD) Q2 2020 Earnings Conference Call August 5, 2020 10:00 AM ET

Company Participants

Zach Tanenbaum – Director-Investor Relations
Rina Paniry – Chief Financial Officer
Jeff DiModica – President
Barry Sternlicht – Chairman and Chief Executive Officer
Andrew Sossen – Chief Operating Officer
Sean Murdock – Chief Risk Officer and Managing Director- Starwood Infrastructure Finance
Denise Tait – President-Starwood Infrastructure Finance

Conference Call Participants

Steven Laws – Raymond James
Rick Shane – JPMorgan
Tim Hayes – B. Riley FBR
George Bahamondes – Deutsche Bank
Don Fandetti – Wells Fargo
Jade Rahmani – KBW

Operator

Greetings and welcome to Starwood Property Trust Second Quarter 2020 Earnings Call. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

I’d now like to turn the conference over to your host, Mr. Zach Tanenbaum, Director of Investor Relations for Starwood Property Trust. Thank you. You may begin.

Zach 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 June 30, 2020, filed 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 could 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

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