Starwood Property Trust, Inc. (STWD) CEO Barry Sternlicht on Q2 2018 Results - Earnings Call Transcript

8/13/18

Starwood Property Trust, Inc. (NYSE:STWD) Q2 2018 Results Earnings Conference Call August 8, 2018 10:00 AM ET

Executives

Zach Tanenbaum - Director of Investor Relations

Barry Sternlicht - Chief Executive Officer

Rina Paniry - Chief Financial Officer

Jeff DiModica - President

Andrew Sossen - Chief Operating Officer

Himanshu Saxena - CEO, Starwood Energy

Analysts

Doug Harter - Credit Suisse

Jade Rahmani - KBW

Tim Hayes - B. Riley FBR

Ben Zucker - BTIG

Operator

Greetings and welcome to the Starwood Property Trust Second Quarter 2018 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] As a reminder this conference is being recorded.

I would now like to turn the conference over to your host Zach Tanenbaum, Director of Investor Relations.

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, 2018 filed its 10-Q with the Securities and Exchange Commission and posted its earnings supplement to its website. These documents are available on the Investor Relations section of the website at www.starwoodpropertytrust.com. In addition we’ve also posted a slide presentation relating to the company’s acquisition of GE’s project finance debt business in the Investor Relations section of the website.

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 course of this call.

Additionally, certain non-GAAP financial measures will be discussed on this conference call. Our presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with GAAP. Reconciliations of these non-GAAP financial measures to the most comparable measures prepared in accordance with GAAP can be accessed through our filings with the SEC at www.sec.gov.

Joining me on the call today are Barry Sternlicht, the company’s Chief Executive Officer; Rina Paniry, the company’s Chief Financial Officer; Jeff DiModica, the company’s President; and Andrew Sossen, the company’s Chief Operating Officer.

With that, I'm now going to turn the call over to Andrew.

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