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Companies / Financials / Starwood Property Trust, Inc.
STWD

Starwood Property Trust, Inc.

Ticker STWDMIAMI BEACH, FLFiscal year ends DecemberBook value per share $16.38Diluted shares 356.2M

Starwood Property Trust, Inc. (NYSE: STWD) originates, acquires, finances and manages real estate debt and equity investments in the United States, Europe and Australia. Its four reportable segments are Commercial and Residential Lending, which invests in commercial and residential mortgages, mezzanine loans,… From the company’s description.

Over the twelve months to Sep 30, 2026, Starwood Property Trust, Inc. reported revenue of $2.06B, up 14.4% from a year earlier, and a net loss of $196.37M. Its operating margin was −12.7%, and operations generated $984.19M in cash. In fiscal 2025, it reported revenue of $1.84B, down 5.3% from fiscal 2024, and net income of $443.09M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$1.84BFY2025
−5.3% year over year
Last 12 mo $2.06B
3.13%FY2025
+4.9 percentage points
Last 12 mo -12.70%
$443.09MFY2025
+16.4% year over year
Last 12 mo $-196.37M
6.06%FY2025
+0.5 percentage points
Last 12 mo -4.02%
Cash & financing
$977.85MFY2025
+51.2% year over year
Last 12 mo $984.19M
$-169.68MFY2025
−127.4% year over year
Last 12 mo $367.23M
2.50FY2025
Was 2.20× a year earlier
Last 12 mo 3.40
357.9MFY2025
+9.4% year over year
Last 12 mo 356.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Starwood Property Trust, Inc. does

In the company’s own words

Starwood Property Trust, Inc. (NYSE: STWD) originates, acquires, finances and manages real estate debt and equity investments in the United States, Europe and Australia. Its four reportable segments are Commercial and Residential Lending, which invests in commercial and residential mortgages, mezzanine loans, mortgage-backed securities and related debt; Infrastructure Lending, focused on project-finance debt; Property, which owns commercial real estate; and Investing and Servicing, which combines commercial mortgage special servicing, CMBS investing, conduit loan origination and selective property investment. In 2025, the company acquired Fundamental Income Properties, adding retail, industrial and service properties leased under net operating leases to its Property Segment. The company began operations in 2009 and expanded into servicing through its 2013 acquisition of LNR Property, and into infrastructure lending through a 2018 acquisition. As of December 31, 2025, it had 324 full-time employees; its Property Segment held investments with a carrying value of $4.8 billion. It operates as a real estate investment trust and is externally managed by SPT Management, an affiliate of Starwood Capital Group. Its website is www.starwoodpropertytrust.com.

Company details
Sector
Financials
Industry (SIC)
REITs
Headquarters
MIAMI BEACH, FL
Fiscal year end
December
CIK
1465128
SIC
6798

Financial performance, year by year

Fiscal 2011–2025 · USD
$-422.50M$255.89M$934.28M$1.61B$2.29B201120122013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Starwood Property Trust, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

263
funds hold it
0 of 35
superinvestors hold it
$1.38B
held by funds, at market
22.7%
of shares held by funds
11
bond issues held by funds

Largest fund holders · Starwood Property Trust, Inc.’s weight in each

iShares Core S&P Mid-Cap ETF
IJH · iShares Trust
0.16%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.01%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.07%of fund net assets
VANGUARD SMALL-CAP VALUE INDEX FUND
VBR · VANGUARD INDEX FUNDS
0.12%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.07%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Starwood Property Trust, Inc.’s bonds, as funds hold them

Funds report holding 11 issues of Starwood Property Trust, Inc.’s debt, $1.91B at market value — what funds hold, not the company’s total debt. Weighted-average coupon 5.82%, maturing 2026 to 2031.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do Starwood Property Trust, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Starwood Property Trust, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in Starwood Property Trust, Inc.'s last four quarterly filings that the numbers alone won't show?”
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