v3.26.1
Segment Data - Balance Sheet (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Mar. 31, 2026
Dec. 31, 2025
Jun. 30, 2025
Mar. 31, 2025
Dec. 31, 2024
Assets:            
Cash and cash equivalents $ 367,592   $ 499,480      
Restricted cash 272,764   175,167      
Loans held-for-investment 19,816,968   18,862,712      
Loans held-for-sale 2,217,481   2,323,543      
Investment securities 402,829   301,000      
Properties, net 3,998,669   3,448,652      
Investments in unconsolidated entities 88,201   84,752      
Goodwill 259,846   259,846      
Intangible assets, net 440,974   436,059      
Derivative assets 24,406   45,813      
Accrued interest receivable 200,816   162,679      
Other assets 362,215   362,991      
Variable interest entity (“VIE”) assets, at fair value 30,868,147   34,493,164      
Total Assets 61,046,276   63,183,357      
Liabilities:            
Dividends payable 180,744   180,413      
Derivative liabilities 91,573   83,983      
Secured financing agreements, net 13,999,891   12,678,948      
Securitized financing, net 4,811,511   5,131,453      
Unsecured senior notes, net 4,882,722   4,283,836      
VIE liabilities, at fair value 29,293,820   32,803,806      
Total Liabilities 53,862,850   55,693,851      
Temporary Equity: Redeemable non-controlling interests 356,377   364,118      
Starwood Property Trust, Inc. Stockholders’ Equity:            
Common stock 3,798   3,780      
Additional paid-in capital 6,991,339   6,957,216      
Treasury stock (167,962)   (138,022)      
Retained earnings (accumulated deficit) (337,909)   (39,018)      
Accumulated other comprehensive income 9,697   11,560      
Total Starwood Property Trust, Inc. Stockholders’ Equity 6,498,963   6,795,516      
Non-controlling interests in consolidated subsidiaries 328,086   329,872      
Total Permanent Equity 6,827,049 $ 6,991,240 7,125,388 $ 6,743,277 $ 6,729,916 $ 6,766,777
Total Liabilities and Equity 61,046,276   63,183,357      
Nonrelated Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 575,556   499,750      
Related Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 27,033   31,662      
Primary Beneficiary            
Assets:            
Investments of consolidated affordable housing fund 1,725,368   1,727,499      
Total Assets 86,900          
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 367,592   499,480      
Restricted cash 272,764   175,167      
Loans held-for-investment 19,816,968   18,862,712      
Loans held-for-sale 2,217,481   2,323,543      
Investment securities 1,943,713   1,958,029      
Properties, net 3,998,669   3,448,652      
Investments in unconsolidated entities 103,231   99,714      
Goodwill 259,846   259,846      
Intangible assets, net 479,043   473,312      
Derivative assets 24,406   45,813      
Accrued interest receivable 200,816   162,679      
Other assets 362,215   362,991      
Variable interest entity (“VIE”) assets, at fair value 0   0      
Total Assets 31,772,112   30,399,437      
Liabilities:            
Dividends payable 180,744   180,413      
Derivative liabilities 91,573   83,983      
Secured financing agreements, net 14,019,547   12,698,834      
Securitized financing, net 4,811,511   5,131,453      
Unsecured senior notes, net 4,882,722   4,283,836      
VIE liabilities, at fair value 0   0      
Total Liabilities 24,588,686   22,909,931      
Temporary Equity: Redeemable non-controlling interests 356,377   364,118      
Starwood Property Trust, Inc. Stockholders’ Equity:            
Common stock 3,798   3,780      
Additional paid-in capital 6,991,339   6,957,216      
Treasury stock (167,962)   (138,022)      
Retained earnings (accumulated deficit) (337,909)   (39,018)      
Accumulated other comprehensive income 9,697   11,560      
Total Starwood Property Trust, Inc. Stockholders’ Equity 6,498,963   6,795,516      
Non-controlling interests in consolidated subsidiaries 328,086   329,872      
Total Permanent Equity 6,827,049   7,125,388      
Total Liabilities and Equity 31,772,112   30,399,437      
Subtotal | Nonrelated Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 575,556   499,750      
Subtotal | Related Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 27,033   31,662      
Subtotal | Primary Beneficiary            
Assets:            
Investments of consolidated affordable housing fund 1,725,368   1,727,499      
Operating segment | Commercial and Residential Lending Segment            
Assets:            
Cash and cash equivalents 22,616   74,534      
Restricted cash 177,912   123,215      
Loans held-for-investment 16,965,888   16,038,333      
Loans held-for-sale 2,154,653   2,278,067      
Investment securities 556,876   641,893      
Properties, net 1,028,671   732,714      
Investments in unconsolidated entities 8,514   8,514      
Goodwill 0   0      
Intangible assets, net 2,522   2,817      
Derivative assets 23,233   27,157      
Accrued interest receivable 195,044   157,116      
Other assets 195,215   193,525      
Variable interest entity (“VIE”) assets, at fair value 0   0      
Total Assets 21,331,144   20,277,885      
Liabilities:            
Dividends payable 0   0      
Derivative liabilities 64,972   72,351      
Secured financing agreements, net 9,496,528   8,637,246      
Securitized financing, net 1,603,874   2,224,239      
Unsecured senior notes, net 0   0      
VIE liabilities, at fair value 0   0      
Total Liabilities 11,397,509   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 2,904,306   2,434,975      
Treasury stock 0   0      
Retained earnings (accumulated deficit) 7,019,517   6,732,082      
Accumulated other comprehensive income 9,697   11,560      
Total Starwood Property Trust, Inc. Stockholders’ Equity 9,933,520   9,178,617      
Non-controlling interests in consolidated subsidiaries 115   115      
Total Permanent Equity 9,933,635   9,178,732      
Total Liabilities and Equity 21,331,144   20,277,885      
Operating segment | Commercial and Residential Lending Segment | Nonrelated Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 232,135   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 206,331   198,031      
Restricted cash 46,173   33,794      
Loans held-for-investment 2,851,080   2,824,379      
Loans held-for-sale 0   0      
Investment securities 123,934   31,273      
Properties, net 0   0      
Investments in unconsolidated entities 61,517   57,997      
Goodwill 119,409   119,409      
Intangible assets, net 0   0      
Derivative assets 0   0      
Accrued interest receivable 3,611   4,424      
Other assets 20,947   4,623      
Variable interest entity (“VIE”) assets, at fair value 0   0      
Total Assets 3,433,002   3,273,930      
Liabilities:            
Dividends payable 0   0      
Derivative liabilities 0   0      
Secured financing agreements, net 716,722   719,942      
Securitized financing, net 1,810,038   1,645,536      
Unsecured senior notes, net 0   0      
VIE liabilities, at fair value 0   0      
Total Liabilities 2,565,426   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 465,056   521,717      
Treasury stock 0   0      
Retained earnings (accumulated deficit) 402,520   354,003      
Accumulated other comprehensive income 0   0      
Total Starwood Property Trust, Inc. Stockholders’ Equity 867,576   875,720      
Non-controlling interests in consolidated subsidiaries 0   0      
Total Permanent Equity 867,576   875,720      
Total Liabilities and Equity 3,433,002   3,273,930      
Operating segment | Infrastructure Lending Segment | Nonrelated Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 38,666   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 30,912   70,900      
Restricted cash 2,802   3,236      
Loans held-for-investment 0   0      
Loans held-for-sale 0   0      
Investment securities 0   0      
Properties, net 2,938,255   2,674,276      
Investments in unconsolidated entities 0   0      
Goodwill 0   0      
Intangible assets, net 405,459   401,268      
Derivative assets 931   0      
Accrued interest receivable 4   442      
Other assets 111,988   107,468      
Variable interest entity (“VIE”) assets, at fair value 0   0      
Total Assets 5,215,719   4,985,089      
Liabilities:            
Dividends payable 0   0      
Derivative liabilities 0   0      
Secured financing agreements, net 731,638   596,906      
Securitized financing, net 1,397,599   1,261,678      
Unsecured senior notes, net 0   0      
VIE liabilities, at fair value 0   0      
Total Liabilities 2,252,304   1,972,291      
Temporary Equity: Redeemable non-controlling interests 356,377   364,118      
Starwood Property Trust, Inc. Stockholders’ Equity:            
Common stock 0   0      
Additional paid-in capital 329,107   365,416      
Treasury stock 0   0      
Retained earnings (accumulated deficit) 2,072,106   2,077,439      
Accumulated other comprehensive income 0   0      
Total Starwood Property Trust, Inc. Stockholders’ Equity 2,401,213   2,442,855      
Non-controlling interests in consolidated subsidiaries 205,825   205,825      
Total Permanent Equity 2,607,038   2,648,680      
Total Liabilities and Equity 5,215,719   4,985,089      
Operating segment | Property Segment | Nonrelated Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 123,067   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 1,725,368   1,727,499      
Operating segment | Investing and Servicing Segment            
Assets:            
Cash and cash equivalents 9,281   25,149      
Restricted cash 189   454      
Loans held-for-investment 0   0      
Loans held-for-sale 62,828   45,476      
Investment securities 1,262,903   1,284,863      
Properties, net 31,743   41,662      
Investments in unconsolidated entities 33,200   33,203      
Goodwill 140,437   140,437      
Intangible assets, net 71,062   69,227      
Derivative assets 242   201      
Accrued interest receivable 493   562      
Other assets (16,670)   5,454      
Variable interest entity (“VIE”) assets, at fair value 0   0      
Total Assets 1,595,708   1,646,688      
Liabilities:            
Dividends payable 0   0      
Derivative liabilities 0   0      
Secured financing agreements, net 583,078   517,897      
Securitized financing, net 0   0      
Unsecured senior notes, net 0   0      
VIE liabilities, at fair value 0   0      
Total Liabilities 620,599   578,320      
Temporary Equity: Redeemable non-controlling interests 0   0      
Starwood Property Trust, Inc. Stockholders’ Equity:            
Common stock 0   0      
Additional paid-in capital (974,433)   (814,760)      
Treasury stock 0   0      
Retained earnings (accumulated deficit) 1,827,396   1,759,196      
Accumulated other comprehensive income 0   0      
Total Starwood Property Trust, Inc. Stockholders’ Equity 852,963   944,436      
Non-controlling interests in consolidated subsidiaries 122,146   123,932      
Total Permanent Equity 975,109   1,068,368      
Total Liabilities and Equity 1,595,708   1,646,688      
Operating segment | Investing and Servicing Segment | Nonrelated Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 37,521   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 98,452   130,866      
Restricted cash 45,688   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 0   18,455      
Accrued interest receivable 1,664   135      
Other assets 50,735   51,921      
Variable interest entity (“VIE”) assets, at fair value 0   0      
Total Assets 196,539   215,845      
Liabilities:            
Dividends payable 180,744   180,413      
Derivative liabilities 26,601   11,632      
Secured financing agreements, net 2,491,581   2,226,843      
Securitized financing, net 0   0      
Unsecured senior notes, net 4,882,722   4,283,836      
VIE liabilities, at fair value 0   0      
Total Liabilities 7,752,848   6,861,957      
Temporary Equity: Redeemable non-controlling interests 0   0      
Starwood Property Trust, Inc. Stockholders’ Equity:            
Common stock 3,798   3,780      
Additional paid-in capital 4,267,303   4,449,868      
Treasury stock (167,962)   (138,022)      
Retained earnings (accumulated deficit) (11,659,448)   (10,961,738)      
Accumulated other comprehensive income 0   0      
Total Starwood Property Trust, Inc. Stockholders’ Equity (7,556,309)   (6,646,112)      
Non-controlling interests in consolidated subsidiaries 0   0      
Total Permanent Equity (7,556,309)   (6,646,112)      
Total Liabilities and Equity 196,539   215,845      
Corporate | Nonrelated Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 144,167   127,571      
Corporate | Related Party            
Liabilities:            
Accounts payable, accrued expenses and other liabilities 27,033   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 (1,540,884)   (1,657,029)      
Properties, net 0   0      
Investments in unconsolidated entities (15,030)   (14,962)      
Goodwill 0   0      
Intangible assets, net (38,069)   (37,253)      
Derivative assets 0   0      
Accrued interest receivable 0   0      
Other assets 0   0      
Variable interest entity (“VIE”) assets, at fair value 30,868,147   34,493,164      
Total Assets 29,274,164   32,783,920      
Liabilities:            
Dividends payable 0   0      
Derivative liabilities 0   0      
Secured financing agreements, net (19,656)   (19,886)      
Securitized financing, net 0   0      
Unsecured senior notes, net 0   0      
VIE liabilities, at fair value 29,293,820   32,803,806      
Total Liabilities 29,274,164   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 29,274,164   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