What does LNR business segments — tenant improvements mean?

The amount of capital spent to customize or upgrade commercial spaces for tenants.

How do you interpret LNR business segments — tenant improvements?

High spending may indicate aggressive leasing efforts or the need to modernize aging assets, while low spending could suggest high occupancy with stable tenants or deferred maintenance.

How does LNR business segments — tenant improvements compare across companies?

Standard capital expenditure metric across all commercial real estate owners, often compared as a percentage of total property revenue or per square foot.

Starwood Property Trust STWD LNR Business Segments — Tenant Improvements

Discontinued — last reported Q1 '16

Similar metrics at other companies

MRNANorwood Leases — Tenant improvements

$22.2M—

UDRSame Store — Real Estate Improvements

$11.1M+1.8%

LENRialto Investments — Real Estate Owned Improvements

-$1.93M-260%

UDRNon Mature Communities Other — Real Estate Improvements

$2M0.0%

ARWRWisconsin — Expected leasehold improvements, net of tenant improvement allowances

$2.75M—

SCILessor — Investment Building and Building Improvements

$9.3M-4.1%

Other financials

Income statement

See full

Revenue$512.5M+22.5%

Net income$51.9M-53.8%

EPS (diluted)$0.13-60.6%

Balance sheet

See full

Cash & equivalents$666.1M-3.8%

Total debt$69.0M+94.1%

Total equity$6.7B+4.1%

Total assets$62.1B-0.1%

Cash flow

See full

Operating cash flow$93.6M-60.8%

CapEx$219.6M—

Free cash flow$488.8M+65.4%

Valuation

See full

Market cap$6.19B-4.4%

P/E17.6×-2.7×

P/S3.2×-0.3×

Profitability

See full

Operating margin14.2%—

Net margin18.1%+0.9pp

FCF margin25.8%—

Returns & leverage

See full

Return on equity5.4%+0.4pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Starwood Property Trust in its filing.

Tagged under the XBRL concept us-gaap:TenantImprovements.

The official record: Starwood Property Trust’s 10-Q, filed May 9, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does LNR business segments — tenant improvements mean?: The amount of capital spent to customize or upgrade commercial spaces for tenants.
How do you interpret LNR business segments — tenant improvements?: High spending may indicate aggressive leasing efforts or the need to modernize aging assets, while low spending could suggest high occupancy with stable tenants or deferred maintenance.
How does LNR business segments — tenant improvements compare across companies?: Standard capital expenditure metric across all commercial real estate owners, often compared as a percentage of total property revenue or per square foot.