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Companies / Real Estate / STARWOOD PROPERTY TRUST, INC.
STWD

STARWOOD PROPERTY TRUST, INC.

Real EstateREITs
Ticker STWDMIAMI BEACH, FLFiscal year ends DecemberBook value per share $16.68Diluted shares 389.6M

Starwood Property Trust, Inc. (NYSE: STWD) operates as a real estate investment trust focused on originating, acquiring, financing and managing mortgage loans and other real estate investments across the United States, Europe and Australia. The company maintains its corporate presence at www.starwoodpropertytrust.com… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.84B
−5.3% year over year
Last 12 mo $2.01B
0.00%
$443.09M
+16.4% year over year
Last 12 mo $264.72M
6.06%
+0.5 percentage points
Last 12 mo 3.51%
Cash & financing
$977.85M
+51.2% year over year
Last 12 mo $1.09B
$-169.68M
−127.4% year over year
Last 12 mo $-397.40M
2.50
Was 2.20× a year earlier
Last 12 mo 2.91
357.9M
+9.4% year over year
Last 12 mo 389.6M

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) operates as a real estate investment trust focused on originating, acquiring, financing and managing mortgage loans and other real estate investments across the United States, Europe and Australia. The company maintains its corporate presence at www.starwoodpropertytrust.com and conducts operations through four primary reportable business segments.

The Commercial and Residential Lending Segment represents the company's largest division, engaging in origination and acquisition of commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities and residential mortgage-backed securities. The Infrastructure Lending Segment originates, acquires and manages infrastructure debt investments, with particular concentration in power generation and oil and gas assets. The Property Segment acquires and manages equity interests in stabilized commercial real estate, including multifamily properties, medical office net lease properties and diversified single-tenant triple net lease properties. The Investing and Servicing Segment encompasses a servicing business managing problem assets, an investment business acquiring unrated and rated commercial mortgage-backed securities, a mortgage loan origination business and a commercial real estate investment business.

As of December 31, 2025, the company's Commercial and Residential Lending Segment held approximately $19.7 billion in carrying value across its portfolio, while the Infrastructure Lending Segment maintained $2.9 billion in carrying value. The Property Segment held $4.8 billion in carrying value, including the July 2025 acquisition of Fundamental Income Properties, which added 468 properties spanning 12.3 million square feet across 44 states. The Investing and Servicing Segment maintained $1.5 billion in carrying value.

The company operates with 324 full-time employees as of year-end 2025, predominantly real estate professionals distributed throughout the United States. Starwood Property Trust is externally managed by SPT Management, LLC, an affiliate of Starwood Capital Group, a privately-held private equity firm specializing in real estate investments across multiple capital structure levels and asset classes. The company qualifies as a REIT under Internal Revenue Code provisions and maintains exemption from registration under the Investment Company Act of 1940.

Company details
Sector
Real Estate
Industry
REITs
Headquarters
MIAMI BEACH, FL
Fiscal year end
December
CIK
1465128
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-204.99M$409.98M$1.02B$1.64B$2.25B2013201420152016201720182019202020212022202320242025Last 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
22.3%
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.

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  • “How do STARWOOD PROPERTY TRUST, INC. and its peers compare on margins and cash generation over ten years?”
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  • “What changed in STARWOOD PROPERTY TRUST, INC.'s last four quarterly filings that the numbers alone won't show?”
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