Barry Sternlicht’s Starwood Property Trust saw earnings fall by nearly a third at the start of the year as the company wrote down losses from struggling malls. The real estate investment trust, an affiliate of Miami Beach-based Starwood Capital, reported a year-over-year drop in net income of nearly 30 percent, down to $70.4 million, or 25 cents per share in the first quarter of 2019. The company’s core earnings totaled $82.9 million, down 47 percent […]
source https://therealdeal.com/miami/2019/05/08/starwood-earnings-down-30-as-reit-writes-off-losses-from-regional-malls/#new_tab
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