Starwood Property Trust, Inc. (STWD) CEO Barry Sternlicht on Q3 2020 Results - Earnings Call Transcript

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Q3: 2020-11-05 Earnings Summary

EPS of $0.50 beats by $0.03
 | Revenue of $267.43M (-7.25% Y/Y) misses by $59.67K

Starwood Property Trust, Inc. (NYSE:STWD) Q3 2020 Earnings Conference Call November 5, 2020 10:00 AM ET

Company Participants

Zach Tanenbaum - IR
Rina Paniry - CFO
Jeff DiModica - President
Barry Sternlicht - CEO
Andrew Sossen - COO

Conference Call Participants

Steve Delaney - JMP Securities
Charlie Arestia - JPMorgan
Don Fandetti - Wells Fargo
Doug Harter - Crédit Suisse
Stephen Laws - Raymond James
Jade Rahmani - KBW

Operator

Greetings. Welcome to the Starwood Property Trust Third Quarter 2020 Earnings Call. [Operator Instructions] A question-and-answer session will follow the formal presentation. [Operator Instructions] Please note, this conference is being recorded.

I'll now turn the conference over to your host, Zach Tanenbaum, Head of Investor Relations. You may begin.

Zach Tanenbaum

Thank you, operator. Good morning, and welcome to Starwood Property Trust's earnings call. This morning, the company released its financial results for the quarter ended September 30, 2020, 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 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 for a more detailed discussion of the risks and factors that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today. The company undertakes no duty to update any forward-looking statements that may be made during the

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