STARWOOD PROPERTY TRUST, INC.
For the period ended Dec 31, 2025. Filed Feb 25, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 25, 2026
STWD$11.89-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Financial Statements and Supplementary Data
Index to Financial Statements and Schedules
| Financial Information | |
|---|---|
| Reports of Independent Registered Public Accounting Firm (PCAOB ID no. 34) | 97 |
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | 100 |
| Consolidated Statements of Operations for the Years Ended December 31, 2025, 2024 and 2023 | 101 |
| Consolidated Statements of Comprehensive Income for the Years Ended December 31, 2025, 2024 and 2023 | 102 |
| Consolidated Statements of Equity for the Years Ended December 31, 2025, 2024 and 2023 | 103 |
| Consolidated Statements of Cash Flows for the Years Ended December 31, 2025, 2024 and 2023 | 104 |
| Notes to Consolidated Financial Statements | 106 |
| Note 1 Business and Organization | 106 |
| Note 2 Summary of Significant Accounting Policies | 107 |
| Note 3 Acquisitions and Divestitures | 118 |
| Note 4 Restricted Cash | 119 |
| Note 5 Loans | 120 |
| Note 6 Investment Securities | 127 |
| Note 7 Properties | 130 |
| Note 8 Investments of Consolidated Affordable Housing Fund | 133 |
| Note 9 Investments in Unconsolidated Entities | 134 |
| Note 10 Goodwill and Intangibles | 135 |
| Note 11 Secured Borrowings | 137 |
| Note 12 Unsecured Senior Notes | 142 |
| Note 13 Loan Securitization/Sale Activities | 145 |
| Note 14 Derivatives and Hedging Activity | 146 |
| Note 15 Offsetting Assets and Liabilities | 148 |
| Note 16 Variable Interest Entities | 148 |
| Note 17 Related-Party Transactions | 150 |
| Note 18 Stockholders’ Equity and Non-Controlling Interests | 155 |
| Note 19 Earnings per Share | 159 |
| Note 20 Accumulated Other Comprehensive Income | 160 |
| Note 21 Fair Value | 161 |
| Note 22 Income Taxes | 168 |
| Note 23 Commitments and Contingencies | 169 |
| Note 24 Segment and Geographic Data | 171 |
| Note 25 Subsequent Events | 176 |
| Schedule III—Real Estate and Accumulated Depreciation as of December 31, 2025 | 177 |
| Schedule IV—Mortgage Loans on Real Estate as of December 31, 2025 | 179 |
All other schedules are omitted because they are not required or the required information is shown in the financial statements or the notes thereto.
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