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Operator
Greetings. Welcome to the Starwood Property Trust s fourth quarter and full-year 2020 earnings call. [Operator instructions] Please note, this conference is being recorded. I will now turn the call over to your host, Zach Tanenbaum, head of investor relations.
You may begin.
Head of Investor Relations
Thank you, operator. Good morning, and welcome to Starwood Property Trust s earnings call. This morning, the company released its financial results for the quarter ended December 31, 2020, filed its Form 10-K with the Securities and Exchange Commission and posted its earnings supplement to its website. These documents are available in the Investor Relations section of the company s website at www.starwoodpropertytrust.com.
Barry Sternlicht (Getty, Starwood, iStock)
Barry Sternlicht was in such a good mood during Starwood’s earnings call on Thursday that he joked he was taking all of the company’s cash and buying bitcoin.
Sternlicht, chairman and CEO of Starwood Property Trust, said that while real estate is still just recovering from the effects of the pandemic, nearly all of the real estate investment trust’s business lines are in a “prime position.”
He called the company’s collateralized loan obligations (CLO) and energy book business a “gamechanger.” On other segments of the real estate market, he said: industrial is “fine;” multifamily is “weak, but will be OK;” and office is a “question mark” but he believes people will return to the office on some scale. Retail is still “really difficult” to underwrite. And the single-family rental market is “crushing it.”