Market Updates
U.S. Movers: Air Canada, Starwood Property
Scott Peters
12 May, 2025
New York City
Starwood Property Trust Inc. eased 0.1% to $19.15 after the real estate finance company reported first-quarter 2025 results.
Revenue declined to $418.18 million from $523.09 million, net income edged down to $112.25 million from $154.33 million, and diluted earnings per share fell to 45 cents from 59 cents a year ago.
The company invested $1.4 billion in commercial lending and a record $0.7 billion in infrastructure lending during the quarter.
Starwood Property paid a quarterly dividend of 48 cents per share, and the company also issued $500 million of corporate debt, extending the average maturity to 3.7 years.
Air Canada soared 14.6% to C$17.54 after Canada’s largest airline company reported first-quarter 2025 results.
Revenue edged down to C$5.20 billion from C$5.23 billion, net loss expanded to C$102 million from a loss of C$81 million, and diluted loss per share widened to 40 cents from a loss of 22 cents a year ago.
The company said its cargo and vacation segments delivered solid results in the period, and the airline carried nearly 10.8 million passengers during the quarter.
Air Canada has previously said its decline in U.S.-bound bookings over the next six months mirrors an industry-wide drop of roughly 10%.
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