Subsequent Events	6 Months Ended
Jun. 30, 2026
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Our significant events subsequent to June 30, 2026 were as follows: Corporate Unsecured Senior Notes In July 2026, we issued $500.0 million of 5.875% Senior Notes due 2029 which mature on August 15, 2029. We used the proceeds to early redeem the entire $500.0 million principal balance of the 2027 Senior Notes due January 15, 2027. In connection with the redemption, we unwound the related interest rate hedges and recognized a derivative loss of $6.3 million. In July 2026, we repaid the entire $400.0 million principal balance of the 2026 Senior Notes at maturity with proceeds received from the senior note issuance that occurred during the three months ended June 30, 2026. Net Lease Securitized Financing In July 2026, we refinanced a pool of our Fundamental net lease properties through an ABS, FI Series 2026-2, with $321.0 million of third party financing at a weighted average fixed rate of 5.47% and weighted average maturity of 5.0 years. Commercial Lending Financings In July 2026, we redeemed at par the third party financing for our STWD 2021-FL2 and STWD 2022-FL3 CLOs issued in May 2021 and February 2022 for $279.9 million and $299.2 million, respectively, plus accrued interest. In connection with the redemptions, we amended an existing commercial credit facility, increasing the maximum facility size by $1.2 billion to $3.0 billion.

Subsequent Events

6 Months Ended

Jun. 30, 2026

Our significant events subsequent to June 30, 2026 were as follows:

Corporate Unsecured Senior Notes

In July 2026, we issued $500.0 million of 5.875% Senior Notes due 2029 which mature on August 15, 2029. We used the proceeds to early redeem the entire $500.0 million principal balance of the 2027 Senior Notes due January 15, 2027. In connection with the redemption, we unwound the related interest rate hedges and recognized a derivative loss of $6.3 million.

In July 2026, we repaid the entire $400.0 million principal balance of the 2026 Senior Notes at maturity with proceeds received from the senior note issuance that occurred during the three months ended June 30, 2026.

Net Lease Securitized Financing

In July 2026, we refinanced a pool of our Fundamental net lease properties through an ABS, FI Series 2026-2, with $321.0 million of third party financing at a weighted average fixed rate of 5.47% and weighted average maturity of 5.0 years.

Commercial Lending Financings

In July 2026, we redeemed at par the third party financing for our STWD 2021-FL2 and STWD 2022-FL3 CLOs issued in May 2021 and February 2022 for $279.9 million and $299.2 million, respectively, plus accrued interest. In connection with the redemptions, we amended an existing commercial credit facility, increasing the maximum facility size by $1.2 billion to $3.0 billion.