v3.26.1
Condensed Consolidated Statements of Equity (Unaudited) - USD ($)
$ in Thousands
Total
ATM Agreement
Total Starwood Property Trust, Inc. Stockholders’ Equity
Total Starwood Property Trust, Inc. Stockholders’ Equity
ATM Agreement
Common stock
Common stock
ATM Agreement
Additional Paid-in Capital
Additional Paid-in Capital
ATM Agreement
Treasury Stock​
Retained Earnings (Accumulated Deficit)
Accumulated Other Comprehensive Income
Non- Controlling Interests
Beginning balance at Dec. 31, 2024 $ 426,695                      
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income 1,115                      
Distributions to non-controlling interests (2,357)                      
Ending balance at Jun. 30, 2025 425,453                      
Beginning balance (in shares) at Dec. 31, 2024         344,858,379              
Beginning balance at Dec. 31, 2024 6,766,777   $ 6,437,107   $ 3,449   $ 6,322,763   $ (138,022) $ 235,323 $ 13,594 $ 329,670
Beginning balance (in shares) at Dec. 31, 2024                 7,448,691      
Increase (Decrease) in Stockholders' Equity                        
Net proceeds from ATM agreement (in shares)           1,561,634            
Net proceeds from ATM agreement   $ 31,105   $ 31,105   $ 16   $ 31,089        
Proceeds from DRIP Plan (in shares)         34,572              
Proceeds from DRIP Plan 660   660       660          
Proceeds from employee stock purchase plan (in shares)         82,025              
Proceeds from employee stock purchase plan 1,390   1,390   $ 1   1,389          
Redemption of Class A Units (in shares)         64,000              
Redemption of Class A Units 0   1,389   $ 1   1,388         (1,389)
Share-based compensation (in shares)         1,911,718              
Share-based compensation 26,780   26,780   $ 18   26,762          
Manager fee paid in stock (in shares)         575,517              
Manager fees paid in stock 11,396   11,396   $ 6   11,390          
Net income 249,682   242,069             242,069   7,613
Dividends declared (328,877)   (328,877)             (328,877)    
Other comprehensive income (loss) (809)   (809)               (809)  
Contributions from non-controlling interests 1,489                     1,489
Distributions to non-controlling interests (16,316)                     (16,316)
Ending balance (in shares) at Jun. 30, 2025         349,087,845              
Ending balance at Jun. 30, 2025 6,743,277   6,422,210   $ 3,491   6,395,441   $ (138,022) 148,515 12,785 321,067
Ending balance (in shares) at Jun. 30, 2025                 7,448,691      
Beginning balance at Mar. 31, 2025 426,835                      
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income 690                      
Distributions to non-controlling interests (2,072)                      
Ending balance at Jun. 30, 2025 425,453                      
Beginning balance (in shares) at Mar. 31, 2025         346,825,014              
Beginning balance at Mar. 31, 2025 6,729,916   6,405,665   $ 3,468   6,343,893   $ (138,022) 183,599 12,727 324,251
Beginning balance (in shares) at Mar. 31, 2025                 7,448,691      
Increase (Decrease) in Stockholders' Equity                        
Net proceeds from ATM agreement (in shares)         1,561,634              
Net proceeds from ATM agreement 31,105   31,105   $ 16   31,089          
Proceeds from DRIP Plan (in shares)         17,345              
Proceeds from DRIP Plan 326   326       326          
Proceeds from employee stock purchase plan (in shares)         17,087              
Proceeds from employee stock purchase plan 290   290       290          
Redemption of Class A Units (in shares)         64,000              
Redemption of Class A Units 0   1,389   $ 1   1,388         (1,389)
Share-based compensation (in shares)         345,833              
Share-based compensation 13,430   13,430   $ 3   13,427          
Manager fee paid in stock (in shares)         256,932              
Manager fees paid in stock 5,031   5,031   $ 3   5,028          
Net income 134,006   129,814             129,814   4,192
Dividends declared (164,898)   (164,898)             (164,898)    
Other comprehensive income (loss) 58   58               58  
Contributions from non-controlling interests 1,489                     1,489
Distributions to non-controlling interests (7,476)                     (7,476)
Ending balance (in shares) at Jun. 30, 2025         349,087,845              
Ending balance at Jun. 30, 2025 6,743,277   6,422,210   $ 3,491   6,395,441   $ (138,022) 148,515 12,785 321,067
Ending balance (in shares) at Jun. 30, 2025                 7,448,691      
Beginning balance at Dec. 31, 2025 364,118                      
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income 2,887                      
Distributions to non-controlling interests (10,628)                      
Ending balance at Jun. 30, 2026 $ 356,377                      
Beginning balance (in shares) at Dec. 31, 2025 370,562,879       378,011,570              
Beginning balance at Dec. 31, 2025 $ 7,125,388   6,795,516   $ 3,780   6,957,216   $ (138,022) (39,018) 11,560 329,872
Beginning balance (in shares) at Dec. 31, 2025 7,448,691               7,448,691      
Increase (Decrease) in Stockholders' Equity                        
Proceeds from DRIP Plan (in shares)         42,489              
Proceeds from DRIP Plan $ 764   764       764          
Proceeds from employee stock purchase plan (in shares)         103,553              
Proceeds from employee stock purchase plan $ 1,535   1,535   $ 1   1,534          
Common stock repurchased (in shares) (1,708,338)               1,708,338      
Common stock repurchased $ (29,940)   (29,940)           $ (29,940)      
Share-based compensation (in shares)         1,369,074              
Share-based compensation 27,307   27,307   $ 14   27,293          
Manager fee paid in stock (in shares)         258,653              
Manager fees paid in stock 4,535   4,535   $ 3   4,532          
Net income 69,540   58,435             58,435   11,105
Dividends declared (357,326)   (357,326)             (357,326)    
Other comprehensive income (loss) (1,863)   (1,863)               (1,863)  
Contributions from non-controlling interests 1,426                     1,426
Distributions to non-controlling interests $ (14,317)                     (14,317)
Ending balance (in shares) at Jun. 30, 2026 370,628,310       379,785,339              
Ending balance at Jun. 30, 2026 $ 6,827,049   6,498,963   $ 3,798   6,991,339   $ (167,962) (337,909) 9,697 328,086
Ending balance (in shares) at Jun. 30, 2026 9,157,029               9,157,029      
Beginning balance at Mar. 31, 2026 $ 357,487                      
Increase (Decrease) in Temporary Equity [Roll Forward]                        
Net income 689                      
Distributions to non-controlling interests (1,799)                      
Ending balance at Jun. 30, 2026 356,377                      
Beginning balance (in shares) at Mar. 31, 2026         379,313,805              
Beginning balance at Mar. 31, 2026 6,991,240   6,665,469   $ 3,793   6,974,621   $ (157,958) (165,868) 10,881 325,771
Beginning balance (in shares) at Mar. 31, 2026                 8,575,234      
Increase (Decrease) in Stockholders' Equity                        
Proceeds from DRIP Plan (in shares)         19,261              
Proceeds from DRIP Plan 343   343       343          
Proceeds from employee stock purchase plan (in shares)         19,172              
Proceeds from employee stock purchase plan $ 274   274       274          
Common stock repurchased (in shares) (581,795)               581,795      
Common stock repurchased $ (10,004)   (10,004)           $ (10,004)      
Share-based compensation (in shares)         271,588              
Share-based compensation 13,313   13,313   $ 3   13,310          
Manager fee paid in stock (in shares)         161,513              
Manager fees paid in stock 2,793   2,793   $ 2   2,791          
Net income 14,316   6,557             6,557   7,759
Dividends declared (178,598)   (178,598)             (178,598)    
Other comprehensive income (loss) (1,184)   (1,184)               (1,184)  
Contributions from non-controlling interests 1,426                     1,426
Distributions to non-controlling interests $ (6,870)                     (6,870)
Ending balance (in shares) at Jun. 30, 2026 370,628,310       379,785,339              
Ending balance at Jun. 30, 2026 $ 6,827,049   $ 6,498,963   $ 3,798   $ 6,991,339   $ (167,962) $ (337,909) $ 9,697 $ 328,086
Ending balance (in shares) at Jun. 30, 2026 9,157,029               9,157,029