v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 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
Earnings from unconsolidated entities 818 537
Gain on sale of investments and other assets, net 679 0
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) 0
Other loss, net (3,133) (1,313)
Total other income (loss) 21,326 85,911
Income (loss) before income taxes 53,477 119,867
Income tax benefit (provision) 3,945 (3,766)
Net income (loss) 57,422 116,101
Net income attributable to non-controlling interests (5,544) (3,846)
Net income (loss) attributable to Starwood Property Trust, Inc. $ 51,878 $ 112,255
Earnings per share data attributable to Starwood Property Trust, Inc.:    
Basic (in dollars per share) $ 0.13 $ 0.33
Diluted (in dollars per share) $ 0.13 $ 0.33
Primary Beneficiary    
Other income (loss):    
Income from affordable housing fund investments $ 12,464 $ 3,910