Balance Sheet Starwood Property Trust, Inc.

Equities

STWD

US85571B1052

Specialized REITs

Market Closed - Nyse Other stock markets 04:00:02 2026-02-13 pm EST			5-day change	1st Jan Change
18.07 ^USD	0.00%		-0.28%	+0.33%

Dec. 12	Starwood Property Trust, Inc. Declares Dividend for the Quarter Ending December 31, 2025, Payable on January 15, 2026	CI
Nov. 10	Starwood Property Q3 revenue beats estimates	RE

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Published financial data: STARWOOD PROPERTY TRUST, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023	2024
Interest and Dividend Income, Total	806M	845M	1.28B	1.88B	1.76B
Interest Expense, Total	420M	444M	797M	1.44B	1.35B
Net Interest Income	386M	401M	487M	445M	416M
Commission and Fees	29.63M	38.74M	40.36M	33.12M	55.2M
Other Revenues, Total	300M	286M	141M	136M	127M
Revenues Before Provison For Loan Losses	716M	726M	668M	614M	598M
Provision For Loan Losses	43.15M	8.34M	46.66M	244M	197M
Total Revenues	673M	717M	621M	370M	401M
Salaries And Other Employee Benefits	65.73M	74.42M	65.09M	52.95M	59.45M
Cost of Services Provided, Total	341M	378M	313M	315M	333M
Depreciation & Amortization - (IS) - (Collected)	94.4M	83M	49.29M	49.14M	41.31M
Other Operating Expenses	3.72M	-3.58M	-1.01M	-1.59M	-3.01M
Total Operating Expenses	504M	531M	427M	415M	431M
Operating Income	169M	186M	194M	-45M	-30.2M
Income (Loss) on Equity Invest.	116M	171M	118M	198M	88.8M
Currency Exchange Gains (Loss)	42.4M	-36.29M	-96.96M	60.83M	-73.93M
Other Non Operating Income (Expenses)	-82.5M	80.18M	995M	240M	248M
EBT, Excl. Unusual Items	244M	401M	1.21B	454M	232M
Total Merger & Related Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) on Sale of Investments	12.7M	38.6M	135M	26.5M	102M
Gain (Loss) on Sale of Assets	133M	69.05M	-346M	62.7M	75.88M
Asset Writedown	-	-	-47K	-125M	-
Other Unusual Items	-3.65M	-7.43M	-1.18M	-1.24M	-3.94M
EBT, Incl. Unusual Items	386M	501M	998M	417M	406M
Income Tax Expense	20.2M	8.67M	-61.52M	-682K	25.43M
Earnings From Continuing Operations	366M	492M	1.06B	418M	381M
Net Income to Company	366M	492M	1.06B	418M	381M
Minority Interest	-34.39M	-44.69M	-188M	-78.94M	-20.64M
Net Income - (IS)	332M	448M	871M	339M	360M
Preferred Dividend and Other Adjustments	5.22M	6.81M	17.11M	6.41M	7.2M
Net Income to Common Incl Extra Items	326M	441M	854M	333M	353M
Net Income to Common Excl. Extra Items	326M	441M	854M	333M	353M
Per Share Items
Net EPS - Basic	1.16	1.54	2.8	1.07	1.1
Basic EPS - Continuing Operations	1.16	1.54	2.8	1.07	1.1
Basic Weighted Average Shares Outstanding	282M	286M	306M	310M	320M
Net EPS - Diluted	1.16	1.52	2.74	1.07	1.1
Diluted EPS - Continuing Operations	1.16	1.52	2.74	1.07	1.1
Diluted Weighted Average Shares Outstanding	282M	297M	316M	311M	321M
Normalized Basic EPS	0.42	0.72	1.86	0.66	0.39
Normalized Diluted EPS	0.42	0.69	1.8	0.66	0.39
Dividend Per Share	1.92	1.92	1.92	1.92	1.92
Payout Ratio	164.88	123.72	67.87	177.23	172.25
American Depositary Receipts Ratio (ADR)	0.33	0.33	0.33	0.33	0.33
Supplemental Items
Total Revenues (As Reported)	1.14B	1.17B	1.46B	2.05B	1.95B
Effective Tax Rate - (Ratio)	5.23	1.73	-6.17	-0.16	6.26
Current Domestic Taxes	8.89M	62K	2.15M	523K	3.7M
Current Foreign Taxes	195K	-392K	-	-	-
Total Current Taxes	9.09M	-330K	2.15M	523K	3.7M
Deferred Domestic Taxes	11.11M	9M	-63.67M	-1.2M	21.73M
Deferred Foreign Taxes	-	-	-	-	-
Total Deferred Taxes	11.11M	9M	-63.67M	-1.2M	21.73M
Normalized Net Income	118M	206M	568M	205M	125M
Supplemental Operating Expense Items
Stock-Based Comp., G&A Exp. (Total)	65.73M	74.42M	65.09M	52.95M	59.45M
Stock-Based Comp., Other (Total)	1.55M	-	18.24M	1.62M	3.4M
Total Stock-Based Compensation	67.29M	74.42M	83.33M	54.57M	62.85M

Fiscal Period: December	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	563M	217M	261M	195M	378M
Long-Term Investments - (FS Template)	845M	1.99B	2.67B	2.84B	2.71B
Trading Asset Securities, Total	40.56M	48.22M	109M	63.44M	176M
Loans and Lease Receivables - (FS Template)	11.09B	15.54B	18.4B	17.57B	15.44B
Other Receivables	95.98M	116M	169M	201M	168M
Gross Property Plant And Equipment	2.57B	1.35B	1.66B	1.23B	1.58B
Accumulated Depreciation	-302M	-181M	-210M	-180M	-211M
Net Property Plant And Equipment	2.27B	1.17B	1.45B	1.05B	1.37B
Goodwill	260M	260M	260M	260M	260M
Other Intangibles, Total	56.92M	46.78M	50.98M	45.58M	38.31M
Loans Held For Sale	1.05B	2.88B	2.78B	2.65B	2.52B
Restricted Cash	159M	105M	121M	117M	176M
Other Current Assets, Total	-	-	-	291M	-
Deferred Tax Assets Long-Term (Collected)	2.91M	-	57.58M	58.79M	37.06M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	64.44B	61.49B	52.71B	44.17B	39.29B
Total Assets	80.87B	83.85B	79.04B	69.5B	62.56B
Liabilities
Accounts Payable, Total	171M	167M	250M	245M	368M
Accrued Expenses, Total	39.17M	76.37M	41.19M	44.82M	38.96M
Short-Term Borrowings	41.32M	13.42M	91.4M	102M	94.89M
Current Portion of Long-Term Debt	-	-	3.34B	-	250M
Current Portion of Leases	7.02M	1.6M	5.02M	5.14M	5.36M
Long-Term Debt	12.81B	17.02B	17.17B	19.52B	17.09B
Long-Term Leases	22.48M	8.16M	34.28M	32.51M	30.2M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	138M	148M	152M	153M	163M
Deferred Tax Liability Non-Current	-	6.09M	-	-	-
Other Non Current Liabilities	62.78B	59.76B	50.76B	42.38B	37.32B
Total Liabilities	76.01B	77.2B	71.84B	62.48B	55.36B
Common Stock, Total	2.92M	3.12M	3.18M	3.21M	3.45M
Additional Paid In Capital	5.21B	5.67B	5.81B	5.86B	6.32B
Retained Earnings	-630M	493M	769M	506M	235M
Treasury Stock	-138M	-138M	-138M	-138M	-138M
Comprehensive Income and Other	43.99M	40.95M	20.96M	15.35M	13.59M
Total Common Equity	4.49B	6.07B	6.46B	6.25B	6.44B
Minority Interest	374M	576M	736M	772M	756M
Total Equity	4.86B	6.65B	7.2B	7.02B	7.19B
Total Liabilities And Equity	80.87B	83.85B	79.04B	69.5B	62.56B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	285M	305M	311M	313M	337M
ECS Total Common Shares Outstanding	285M	305M	311M	313M	337M
Book Value / Share	15.77	19.92	20.8	19.95	19.08
Tangible Book Value	4.17B	5.77B	6.15B	5.95B	6.14B
Tangible Book Value Per Share	14.66	18.92	19.8	18.97	18.19
Total Debt	12.88B	17.04B	20.64B	19.66B	17.47B
Net Debt	12.28B	16.78B	20.27B	19.4B	16.92B
Equity Method Investments, Total	62.72M	64.32M	68.9M	74.66M	82.93M
Full Time Employees	282	277	290	293	286

Fiscal Period: December	2020	2021	2022	2023	2024
Net Income	332M	448M	871M	339M	360M
Depreciation, Depletion & Amortization	82.46M	75.09M	45.14M	45.56M	38.99M
Amortization of Goodwill and Intangible Assets - (CF)	11.7M	9.5M	8.8M	8.73M	7.27M
Total Depreciation, Depletion & Amortization	94.15M	84.59M	53.94M	54.3M	46.26M
Amortization of Deferred Charges, Total	48.07M	50.28M	56.44M	59.83M	59.78M
(Gain) Loss on Sale of Investments - (CF)	121M	-163M	-1.17B	-192M	-183M
Total Asset Writedown	-	-	55K	125M	-
Provision for Credit Losses	-89.97M	-60.72M	393M	181M	122M
(Income) Loss On Equity Investments - (CF)	-34.34M	-4.04M	11.68M	-7.88M	-8.06M
Stock-Based Compensation (CF)	67.29M	56.33M	83.33M	54.57M	62.85M
Net (Increase) Decrease in Loans Originated / Sold - Operating	727M	-1.34B	-284M	200M	203M
Changes in Accrued Interest Receivable	-175M	-137M	-202M	-156M	-70.42M
Change in Accounts Payable	-372K	40.7M	171M	-17.99M	105M
Change in Other Net Operating Assets (Collected)	-1.47M	8.76M	8.93M	-62.15M	-82.11M
Other Operating Activities	-42.83M	26.88M	222M	-49.36M	31.73M
Cash from Operations	1.05B	-990M	214M	529M	647M
Capital Expenditure	-25.16M	-26.27M	-25.22M	-25.08M	-27.94M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	617K	824K	4.4M
Sale (Purchase) of Real Estate Properties (Collected)	24.54M	98.21M	204M	73.57M	217M
Investment in Marketable and Equity Securities, Total	79.67M	-110M	32.35M	90.19M	188M
Net (Increase) Decrease in Loans Originated / Sold - Investing	-933M	-4.27B	-3.35B	715M	1.67B
Other Investing Activities, Total	-58.13M	24.31M	184M	627K	32.2M
Cash from Investing	-912M	-4.28B	-2.95B	855M	2.08B
Long-Term Debt Issued, Total	7.29B	17.51B	13.52B	6.56B	7.22B
Total Debt Issued	7.29B	17.51B	13.52B	6.56B	7.22B
Long-Term Debt Repaid, Total	-6.66B	-12.7B	-10.18B	-7.52B	-9.43B
Total Debt Repaid	-6.66B	-12.7B	-10.18B	-7.52B	-9.43B
Issuance of Common Stock	1.1M	394M	51.52M	3M	395M
Repurchase of Common Stock	-33.83M	-	-	-	-
Common Dividends Paid	-547M	-554M	-591M	-601M	-620M
Common & Preferred Stock Dividends Paid	-547M	-554M	-591M	-601M	-620M
Other Financing Activities, Total	-35.03M	223M	-5.01M	106M	-47.82M
Cash from Financing	13.28M	4.87B	2.8B	-1.45B	-2.49B
Foreign Exchange Rate Adjustments	1.1M	-1.72M	-1.1M	731K	-2.62M
Net Change in Cash	148M	-400M	60.22M	-70.16M	242M
Supplemental Items
Cash Interest Paid	380M	387M	671M	1.35B	1.29B
Cash Income Tax Paid (Refund)	11.37M	7.79M	-7.86M	1.67M	4.01M
Net Debt Issued / Repaid	628M	4.81B	3.34B	-962M	-2.21B

Fiscal Period: December	2020	2021	2022	2023	2024
Profitability
Return on Assets	0.46	0.6	1.3	0.56	0.58
Return On Equity %	7.32	8.56	15.3	5.88	5.35
Return on Common Equity	7.11	8.35	13.63	5.24	5.56
Margin Analysis
Gross Profit Margin %	81.98	84.27	92.35	87.63	87.96
SG&A Margin	42.35	47.27	53.29	86.94	85.94
Income From Continuing Operations Margin %	54.4	68.65	170.49	112.99	94.97
Net Income Margin %	49.28	62.42	140.29	91.66	89.81
Net Avail. For Common Margin %	48.51	61.47	137.53	89.93	88.02
Normalized Net Income Margin	17.56	28.7	91.5	55.41	31.08
Asset Turnover
Asset Turnover	0.01	0.01	0.01	0	0.01
Short Term Liquidity
Current Ratio	32.76	46.55	5.64	38.33	20.49
Quick Ratio	29.71	39.21	4.89	32.78	17.56
Operating Cash Flow to Current Liabilities	2.64	-2.44	0.06	0.96	0.7
Long Term Solvency
Total Debt/Equity	264.88	256.36	286.69	279.91	242.9
Total Debt / Total Capital	72.59	71.94	74.14	73.68	70.84
LT Debt/Equity	263.89	256.13	238.99	278.38	238.03
Long-Term Debt / Total Capital	72.32	71.87	61.81	73.27	69.42
Total Liabilities / Total Assets	93.99	92.07	90.89	89.9	88.5
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-0.62	6.58	-13.39	-40.43	8.29
Gross Profit, 1 Yr. Growth %	-0.26	9.54	-5.08	-43.47	8.39
Earnings From Cont. Operations, 1 Yr. Growth %	-31.82	34.51	115.07	-60.52	-8.99
Net Income, 1 Yr. Growth %	-34.92	34.99	94.64	-61.08	6.11
Normalized Net Income, 1 Yr. Growth %	-29.07	74.2	176.11	-63.92	-39.25
Diluted EPS Before Extra, 1 Yr. Growth %	-35.26	31.68	79.98	-61.01	2.8
Common Equity, 1 Yr. Growth %	-4.5	35.28	6.42	-3.27	2.98
Total Assets, 1 Yr. Growth %	3.63	3.68	-5.73	-12.07	-10
Tangible Book Value, 1 Yr. Growth %	-4.57	38.2	6.69	-3.35	3.25
Cash From Operations, 1 Yr. Growth %	-8.02K	-194.68	-121.59	147.31	22.32
Capital Expenditures, 1 Yr. Growth %	-18.47	4.4	-3.99	-0.56	11.38
Dividend Per Share, 1 Yr. Growth %	0	0	0	0	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	0.51	2.91	-3.93	-28.17	-19.68
Gross Profit, 2 Yr. CAGR %	1.98	4.53	1.97	-26.75	-21.84
Earnings From Cont. Operations, 2 Yr. CAGR %	-5.65	-4.23	70.09	-7.85	-40.05
Net Income, 2 Yr. CAGR %	-7.28	-6.27	62.09	-12.96	-35.73
Normalized Net Income, 2 Yr. CAGR %	-18.09	11.42	119.32	-0.19	-53.18
Diluted EPS Before Extra, 2 Yr. CAGR %	-9.69	-7.67	54.09	-16.23	-36.68
Common Equity, 2 Yr. CAGR %	-1.25	13.66	19.99	1.46	-0.2
Total Assets, 2 Yr. CAGR %	8.85	3.65	-1.14	-8.96	-11.04
Tangible Book Value, 2 Yr. CAGR %	-0.56	14.84	21.43	1.55	-0.1
Cash From Operations, 2 Yr. CAGR %	33.63	766.05	-54.79	-26.93	73.93
Capital Expenditures, 2 Yr. CAGR %	-32.22	-7.74	0.12	-2.29	5.24
Dividend Per Share, 2 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	4.5	2.49	-2.84	-18.07	-17.64
Gross Profit, 3 Yr. CAGR %	3.9	4.44	1.22	-16.23	-16.45
Earnings From Cont. Operations, 3 Yr. CAGR %	-3.92	6.19	25.41	4.53	-8.23
Net Income, 3 Yr. CAGR %	-6.11	5.09	19.58	0.75	-7.02
Normalized Net Income, 3 Yr. CAGR %	-18.36	5.33	50.77	20.17	-15.42
Diluted EPS Before Extra, 3 Yr. CAGR %	-8.67	2.41	15.34	-2.54	-10.31
Common Equity, 3 Yr. CAGR %	0.08	9.67	11.2	11.67	1.96
Total Assets, 3 Yr. CAGR %	8.72	7.1	0.43	-4.92	-9.3
Tangible Book Value, 3 Yr. CAGR %	0.14	10.97	12.06	12.53	2.11
Cash From Operations, 3 Yr. CAGR %	61.8	19.14	153	-20.34	-13.24
Capital Expenditures, 3 Yr. CAGR %	-64.74	-21.72	-6.5	-0.1	2.07
Dividend Per Share, 3 Yr. CAGR %	0	0	0	0	0
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.76	5.45	1.05	-11.09	-9.96
Gross Profit, 5 Yr. CAGR %	1.65	5.09	3.12	-9.37	-8.62
Earnings From Cont. Operations, 5 Yr. CAGR %	-4.14	6.02	20.74	0.34	-6.65
Net Income, 5 Yr. CAGR %	-5.95	4.16	16.81	-2.54	-6.72
Normalized Net Income, 5 Yr. CAGR %	-13.16	2.05	21.22	3.09	-5.56
Diluted EPS Before Extra, 5 Yr. CAGR %	-9.53	0.33	12.54	-5.5	-9.26
Common Equity, 5 Yr. CAGR %	1.63	6.07	7.61	6.31	6.49
Total Assets, 5 Yr. CAGR %	-1.15	1.65	4.66	0.36	-4.33
Tangible Book Value, 5 Yr. CAGR %	1.25	6.73	8.16	7.1	7.03
Cash From Operations, 5 Yr. CAGR %	11.54	12.2	-2.84	-2.02	117.78
Capital Expenditures, 5 Yr. CAGR %	67.3	10.48	-46.47	-14.46	-1.97
Dividend Per Share, 5 Yr. CAGR %	0	0	0	0	0