Overview

* Starwood Q3 revenue beats analyst expectations, adjusted net income misses estimates

* Company invested $4.6 bln in Q3, including $2.2 bln in triple net lease investments

* Raised $2.3 bln of capital across equity, term loan B, and high yield markets

Outlook

* Company did not provide specific guidance for future quarters or full year

Result Drivers

* TRIPLE NET LEASE INVESTMENTS - Starwood invested $2.2 bln in triple net lease investments, highlighting strategic acquisitions as a growth driver

* CAPITAL RAISING - Raised $2.3 bln across equity, term loan B, and high yield markets, showcasing financial management and market confidence

* INFRASTRUCTURE LENDING - Record $0.8 bln in infrastructure lending during the quarter, indicating focus on infrastructure sector

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $488.88 $469.70

Revenue mln mln (3

Analysts

)

Q3 Miss $148.60 $172.60

Adjusted mln mln (6

Net Analysts

Income )

Q3 Net $72.60

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "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 ( STWD ) is $22.00, about 16.3% above its November 7 closing price of $18.42

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

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)