STARWOOD PROPERTY TRUST, INC.
For the period ended Mar 31, 2026. Filed May 8, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 8, 2026
STWD$11.89-1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Operations
(Unaudited, amounts in thousands, except per share data)
| For the Three Months EndedMarch 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Revenues: | ||
| Interest income from loans | $373,811 | $353,923 |
| Interest income from investment securities | 5,438 | 12,221 |
| Servicing fees | 48,020 | 17,460 |
| Rental income | 79,971 | 29,183 |
| Other revenues | 5,216 | 5,393 |
| Total revenues | 512,456 | 418,180 |
| Costs and expenses: | ||
| Management fees | 36,182 | 40,763 |
| Interest expense | 328,906 | 292,158 |
| General and administrative | 58,333 | 48,147 |
| Costs of rental operations | 23,134 | 14,820 |
| Depreciation and amortization | 33,726 | 11,484 |
| Credit loss reversal, net | (377) | (24,999) |
| Other expense | 401 | 1,851 |
| Total costs and expenses | 480,305 | 384,224 |
| Other income (loss): | ||
| Change in net assets related to consolidated VIEs | 32,502 | 28,691 |
| Change in fair value of servicing rights | (537) | 753 |
| Change in fair value of investment securities, net | 89 | (173) |
| Change in fair value of mortgage loans, net | (12,668) | 58,404 |
| Income from affordable housing fund investments | 12,464 | 3,910 |
| Earnings from unconsolidated entities | 818 | 537 |
| Gain on sale of investments and other assets, net | 679 | — |
| Loss on derivative financial instruments, net | (2,463) | (39,689) |
| Foreign currency (loss) gain, net | (6,090) | 34,791 |
| Loss on extinguishment of debt | (335) | — |
| Other loss, net | (3,133) | (1,313) |
| Total other income | 21,326 | 85,911 |
| Income before income taxes | 53,477 | 119,867 |
| Income tax benefit (provision) | 3,945 | (3,766) |
| Net income | 57,422 | 116,101 |
| Net income attributable to non-controlling interests | (5,544) | (3,846) |
| Net income attributable to Starwood Property Trust, Inc. | $51,878 | $112,255 |
| Earnings per share data attributable to Starwood Property Trust, Inc.: | ||
| Basic | $0.13 | $0.33 |
| Diluted | $0.13 | $0.33 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.