v3.26.1
Segment Data - Balance Sheet (Details) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets:        
Cash and cash equivalents $ 290,285 $ 499,480    
Restricted cash 375,777 175,167    
Loans held-for-investment 19,281,560 18,862,712    
Loans held-for-sale 2,322,940 2,323,543    
Investment securities 308,203 301,000    
Properties, net 3,859,134 3,448,652    
Investments in unconsolidated entities 85,558 84,752    
Goodwill 259,846 259,846    
Intangible assets, net 426,655 436,059    
Derivative assets 32,251 45,813    
Accrued interest receivable 177,408 162,679    
Other assets 538,466 362,991    
Variable interest entity (“VIE”) assets, at fair value 32,399,812 34,493,164    
Total Assets 62,087,328 63,183,357    
Liabilities:        
Dividends payable 180,900 180,413    
Derivative liabilities 79,430 83,983    
Secured financing agreements, net 13,769,576 12,678,948    
Securitized financing, net 5,081,897 5,131,453    
Unsecured senior notes, net 4,287,646 4,283,836    
VIE liabilities, at fair value 30,768,059 32,803,806    
Total Liabilities 54,738,601 55,693,851    
Temporary Equity: Redeemable non-controlling interests 357,487 364,118    
Starwood Property Trust, Inc. Stockholders’ Equity:        
Common stock 3,793 3,780    
Additional paid-in capital 6,974,621 6,957,216    
Treasury stock (157,958) (138,022)    
Retained earnings (accumulated deficit) (165,868) (39,018)    
Accumulated other comprehensive income 10,881 11,560    
Total Starwood Property Trust, Inc. Stockholders’ Equity 6,665,469 6,795,516    
Non-controlling interests in consolidated subsidiaries 325,771 329,872    
Total Permanent Equity 6,991,240 7,125,388 $ 6,729,916 $ 6,766,777
Total Liabilities and Equity 62,087,328 63,183,357    
Nonrelated Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 537,385 499,750    
Related Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 33,708 31,662    
Primary Beneficiary        
Assets:        
Investments of consolidated affordable housing fund 1,729,433 1,727,499    
Total Assets 79,800      
Infrastructure Lending Segment        
Assets:        
Goodwill 119,400 119,400    
Investing and Servicing Segment        
Assets:        
Goodwill 140,400 140,400    
Subtotal        
Assets:        
Cash and cash equivalents 290,285 499,480    
Restricted cash 375,777 175,167    
Loans held-for-investment 19,281,560 18,862,712    
Loans held-for-sale 2,322,940 2,323,543    
Investment securities 1,905,830 1,958,029    
Properties, net 3,859,134 3,448,652    
Investments in unconsolidated entities 100,670 99,714    
Goodwill 259,846 259,846    
Intangible assets, net 465,449 473,312    
Derivative assets 32,251 45,813    
Accrued interest receivable 177,408 162,679    
Other assets 538,466 362,991    
Variable interest entity (“VIE”) assets, at fair value 0 0    
Total Assets 31,339,049 30,399,437    
Liabilities:        
Dividends payable 180,900 180,413    
Derivative liabilities 79,430 83,983    
Secured financing agreements, net 13,789,356 12,698,834    
Securitized financing, net 5,081,897 5,131,453    
Unsecured senior notes, net 4,287,646 4,283,836    
VIE liabilities, at fair value 0 0    
Total Liabilities 23,990,322 22,909,931    
Temporary Equity: Redeemable non-controlling interests 357,487 364,118    
Starwood Property Trust, Inc. Stockholders’ Equity:        
Common stock 3,793 3,780    
Additional paid-in capital 6,974,621 6,957,216    
Treasury stock (157,958) (138,022)    
Retained earnings (accumulated deficit) (165,868) (39,018)    
Accumulated other comprehensive income 10,881 11,560    
Total Starwood Property Trust, Inc. Stockholders’ Equity 6,665,469 6,795,516    
Non-controlling interests in consolidated subsidiaries 325,771 329,872    
Total Permanent Equity 6,991,240 7,125,388    
Total Liabilities and Equity 31,339,049 30,399,437    
Subtotal | Nonrelated Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 537,385 499,750    
Subtotal | Related Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 33,708 31,662    
Subtotal | Primary Beneficiary        
Assets:        
Investments of consolidated affordable housing fund 1,729,433 1,727,499    
Operating segment | Commercial and Residential Lending Segment        
Assets:        
Cash and cash equivalents 44,239 74,534    
Restricted cash 322,650 123,215    
Loans held-for-investment 16,214,754 16,038,333    
Loans held-for-sale 2,218,429 2,278,067    
Investment securities 639,401 641,893    
Properties, net 1,039,257 732,714    
Investments in unconsolidated entities 8,514 8,514    
Goodwill 0 0    
Intangible assets, net 2,670 2,817    
Derivative assets 24,074 27,157    
Accrued interest receivable 168,183 157,116    
Other assets 329,455 193,525    
Variable interest entity (“VIE”) assets, at fair value 0 0    
Total Assets 21,011,626 20,277,885    
Liabilities:        
Dividends payable 0 0    
Derivative liabilities 63,970 72,351    
Secured financing agreements, net 9,846,525 8,637,246    
Securitized financing, net 1,874,602 2,224,239    
Unsecured senior notes, net 0 0    
VIE liabilities, at fair value 0 0    
Total Liabilities 11,992,177 11,099,153    
Temporary Equity: Redeemable non-controlling interests 0 0    
Starwood Property Trust, Inc. Stockholders’ Equity:        
Common stock 0 0    
Additional paid-in capital 2,122,871 2,434,975    
Treasury stock 0 0    
Retained earnings (accumulated deficit) 6,885,579 6,732,082    
Accumulated other comprehensive income 10,881 11,560    
Total Starwood Property Trust, Inc. Stockholders’ Equity 9,019,331 9,178,617    
Non-controlling interests in consolidated subsidiaries 118 115    
Total Permanent Equity 9,019,449 9,178,732    
Total Liabilities and Equity 21,011,626 20,277,885    
Operating segment | Commercial and Residential Lending Segment | Nonrelated Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 207,080 165,317    
Operating segment | Commercial and Residential Lending Segment | Related Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 0 0    
Operating segment | Commercial and Residential Lending Segment | Primary Beneficiary        
Assets:        
Investments of consolidated affordable housing fund 0 0    
Operating segment | Infrastructure Lending Segment        
Assets:        
Cash and cash equivalents 125,331 198,031    
Restricted cash 22,909 33,794    
Loans held-for-investment 3,066,806 2,824,379    
Loans held-for-sale 0 0    
Investment securities 30,301 31,273    
Properties, net 0 0    
Investments in unconsolidated entities 58,840 57,997    
Goodwill 119,409 119,409    
Intangible assets, net 0 0    
Derivative assets 0 0    
Accrued interest receivable 8,160 4,424    
Other assets 42,273 4,623    
Variable interest entity (“VIE”) assets, at fair value 0 0    
Total Assets 3,474,029 3,273,930    
Liabilities:        
Dividends payable 0 0    
Derivative liabilities 0 0    
Secured financing agreements, net 587,374 719,942    
Securitized financing, net 1,809,126 1,645,536    
Unsecured senior notes, net 0 0    
VIE liabilities, at fair value 0 0    
Total Liabilities 2,432,517 2,398,210    
Temporary Equity: Redeemable non-controlling interests 0 0    
Starwood Property Trust, Inc. Stockholders’ Equity:        
Common stock 0 0    
Additional paid-in capital 665,085 521,717    
Treasury stock 0 0    
Retained earnings (accumulated deficit) 376,427 354,003    
Accumulated other comprehensive income 0 0    
Total Starwood Property Trust, Inc. Stockholders’ Equity 1,041,512 875,720    
Non-controlling interests in consolidated subsidiaries 0 0    
Total Permanent Equity 1,041,512 875,720    
Total Liabilities and Equity 3,474,029 3,273,930    
Operating segment | Infrastructure Lending Segment | Nonrelated Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 36,017 32,732    
Operating segment | Infrastructure Lending Segment | Related Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 0 0    
Operating segment | Infrastructure Lending Segment | Primary Beneficiary        
Assets:        
Investments of consolidated affordable housing fund 0 0    
Operating segment | Property Segment        
Assets:        
Cash and cash equivalents 33,521 70,900    
Restricted cash 3,085 3,236    
Loans held-for-investment 0 0    
Loans held-for-sale 0 0    
Investment securities 0 0    
Properties, net 2,778,893 2,674,276    
Investments in unconsolidated entities 0 0    
Goodwill 0 0    
Intangible assets, net 392,643 401,268    
Derivative assets 0 0    
Accrued interest receivable 0 442    
Other assets 131,023 107,468    
Variable interest entity (“VIE”) assets, at fair value 0 0    
Total Assets 5,068,598 4,985,089    
Liabilities:        
Dividends payable 0 0    
Derivative liabilities 0 0    
Secured financing agreements, net 533,953 596,906    
Securitized financing, net 1,398,169 1,261,678    
Unsecured senior notes, net 0 0    
VIE liabilities, at fair value 0 0    
Total Liabilities 2,049,598 1,972,291    
Temporary Equity: Redeemable non-controlling interests 357,487 364,118    
Starwood Property Trust, Inc. Stockholders’ Equity:        
Common stock 0 0    
Additional paid-in capital 381,367 365,416    
Treasury stock 0 0    
Retained earnings (accumulated deficit) 2,074,321 2,077,439    
Accumulated other comprehensive income 0 0    
Total Starwood Property Trust, Inc. Stockholders’ Equity 2,455,688 2,442,855    
Non-controlling interests in consolidated subsidiaries 205,825 205,825    
Total Permanent Equity 2,661,513 2,648,680    
Total Liabilities and Equity 5,068,598 4,985,089    
Operating segment | Property Segment | Nonrelated Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 117,476 113,707    
Operating segment | Property Segment | Related Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 0 0    
Operating segment | Property Segment | Primary Beneficiary        
Assets:        
Investments of consolidated affordable housing fund 1,729,433 1,727,499    
Operating segment | Investing and Servicing Segment        
Assets:        
Cash and cash equivalents 6,001 25,149    
Restricted cash 412 454    
Loans held-for-investment 0 0    
Loans held-for-sale 104,511 45,476    
Investment securities 1,236,128 1,284,863    
Properties, net 40,984 41,662    
Investments in unconsolidated entities 33,316 33,203    
Goodwill 140,437 140,437    
Intangible assets, net 70,136 69,227    
Derivative assets 219 201    
Accrued interest receivable 218 562    
Other assets (15,547) 5,454    
Variable interest entity (“VIE”) assets, at fair value 0 0    
Total Assets 1,616,815 1,646,688    
Liabilities:        
Dividends payable 0 0    
Derivative liabilities 0 0    
Secured financing agreements, net 596,988 517,897    
Securitized financing, net 0 0    
Unsecured senior notes, net 0 0    
VIE liabilities, at fair value 0 0    
Total Liabilities 635,928 578,320    
Temporary Equity: Redeemable non-controlling interests 0 0    
Starwood Property Trust, Inc. Stockholders’ Equity:        
Common stock 0 0    
Additional paid-in capital (941,857) (814,760)    
Treasury stock 0 0    
Retained earnings (accumulated deficit) 1,802,916 1,759,196    
Accumulated other comprehensive income 0 0    
Total Starwood Property Trust, Inc. Stockholders’ Equity 861,059 944,436    
Non-controlling interests in consolidated subsidiaries 119,828 123,932    
Total Permanent Equity 980,887 1,068,368    
Total Liabilities and Equity 1,616,815 1,646,688    
Operating segment | Investing and Servicing Segment | Nonrelated Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 38,940 60,423    
Operating segment | Investing and Servicing Segment | Related Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 0 0    
Operating segment | Investing and Servicing Segment | Primary Beneficiary        
Assets:        
Investments of consolidated affordable housing fund 0 0    
Corporate        
Assets:        
Cash and cash equivalents 81,193 130,866    
Restricted cash 26,721 14,468    
Loans held-for-investment 0 0    
Loans held-for-sale 0 0    
Investment securities 0 0    
Properties, net 0 0    
Investments in unconsolidated entities 0 0    
Goodwill 0 0    
Intangible assets, net 0 0    
Derivative assets 7,958 18,455    
Accrued interest receivable 847 135    
Other assets 51,262 51,921    
Variable interest entity (“VIE”) assets, at fair value 0 0    
Total Assets 167,981 215,845    
Liabilities:        
Dividends payable 180,900 180,413    
Derivative liabilities 15,460 11,632    
Secured financing agreements, net 2,224,516 2,226,843    
Securitized financing, net 0 0    
Unsecured senior notes, net 4,287,646 4,283,836    
VIE liabilities, at fair value 0 0    
Total Liabilities 6,880,102 6,861,957    
Temporary Equity: Redeemable non-controlling interests 0 0    
Starwood Property Trust, Inc. Stockholders’ Equity:        
Common stock 3,793 3,780    
Additional paid-in capital 4,747,155 4,449,868    
Treasury stock (157,958) (138,022)    
Retained earnings (accumulated deficit) (11,305,111) (10,961,738)    
Accumulated other comprehensive income 0 0    
Total Starwood Property Trust, Inc. Stockholders’ Equity (6,712,121) (6,646,112)    
Non-controlling interests in consolidated subsidiaries 0 0    
Total Permanent Equity (6,712,121) (6,646,112)    
Total Liabilities and Equity 167,981 215,845    
Corporate | Nonrelated Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 137,872 127,571    
Corporate | Related Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 33,708 31,662    
Corporate | Primary Beneficiary        
Assets:        
Investments of consolidated affordable housing fund 0 0    
Securitization VIEs        
Assets:        
Cash and cash equivalents 0 0    
Restricted cash 0 0    
Loans held-for-investment 0 0    
Loans held-for-sale 0 0    
Investment securities (1,597,627) (1,657,029)    
Properties, net 0 0    
Investments in unconsolidated entities (15,112) (14,962)    
Goodwill 0 0    
Intangible assets, net (38,794) (37,253)    
Derivative assets 0 0    
Accrued interest receivable 0 0    
Other assets 0 0    
Variable interest entity (“VIE”) assets, at fair value 32,399,812 34,493,164    
Total Assets 30,748,279 32,783,920    
Liabilities:        
Dividends payable 0 0    
Derivative liabilities 0 0    
Secured financing agreements, net (19,780) (19,886)    
Securitized financing, net 0 0    
Unsecured senior notes, net 0 0    
VIE liabilities, at fair value 30,768,059 32,803,806    
Total Liabilities 30,748,279 32,783,920    
Temporary Equity: Redeemable non-controlling interests 0 0    
Starwood Property Trust, Inc. Stockholders’ Equity:        
Common stock 0 0    
Additional paid-in capital 0 0    
Treasury stock 0 0    
Retained earnings (accumulated deficit) 0 0    
Accumulated other comprehensive income 0 0    
Total Starwood Property Trust, Inc. Stockholders’ Equity 0 0    
Non-controlling interests in consolidated subsidiaries 0 0    
Total Permanent Equity 0 0    
Total Liabilities and Equity 30,748,279 32,783,920    
Securitization VIEs | Nonrelated Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 0 0    
Securitization VIEs | Related Party        
Liabilities:        
Accounts payable, accrued expenses and other liabilities 0 0    
Securitization VIEs | Primary Beneficiary        
Assets:        
Investments of consolidated affordable housing fund $ 0 $ 0