Starwood Property Trust reported a third-quarter GAAP net loss of $389.7 million, driven by a $336.6 million credit loss provision and $32.2 million in non-cash property impairments. Distributable Earnings (DE) were $116.8 million, or $0.31 per diluted share, while DE prior to realized commercial lending gains and losses was $155.2 million, or $0.41 per share. The company invested $3.2 billion during the quarter, including a record $2.4 billion in commercial lending, bringing its total portfolio to $17.8 billion. It also repurchased $108 million of common shares and declared a dividend of $0.48 per share. Starwood Property Trust is a diversified finance company focused on real estate and infrastructure debt and equity investments.
