Starwood Property Trust, Inc. (NYSE:STWD) Q1 2023 Earnings Conference Call May 4, 2023 10:00 AM ET

Company Participants

Zach Tanenbaum - Director, Investor Relations

Barry Sternlicht - Chairman and Chief Executive Officer

Jeff DiModica - President

Rina Paniry - Chief Financial Officer

Conference Call Participants

Stephen Laws - Raymond James

Jade Rahmani - KBW

Rick Shane - JPMorgan

Don Fandetti - Wells Fargo

Doug Harter - Credit Suisse

Sarah Barcomb - BTIG

Operator

Greetings, and welcome to the Starwood Property Trust First Quarter 2023 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Zach Tanenbaum, Director of Investor Relations. Thank you, Zach. 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 March 31, 2023, filed its Form 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 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 course of this call.

Additionally, certain non-GAAP financial measures will be discussed on this conference call. A 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 Chairman and Chief Executive Officer; Jeff DiModica, the company’s President; and Rina Paniry, the company’s Chief Financial Officer.