Starwood Property Trust, Inc. STWD
Starwood Property Trust, Inc. operates as a real estate investment trust (REIT) in the United States and internationally. It operates through four segments: Commercial and Residential Lending; Infrastructure Lending; Property; and Investing and Servicing. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, including distressed or non-performing loans. Its Infrastructure Lending segment originates, acquires, finances, and manages infrastructure debt investments. The Property segment engages primarily in acquiring and managing equity interests in stabilized and to be stabilized commercial real estate properties, including multifamily properties, multi-tenant medical office net lease properties and diversified single-tenant triple net lease properties that are held for investment. Its Investing and Servicing segment manages and works out problem assets; acquires and manages unrated, investment grade, and non-investment grade rated CMBS comprising subordinated interests of securitization and re-securitization transactions; originates conduit loans for the primary purpose of selling these loans into securitization transactions; and acquires commercial real estate assets that include properties acquired from CMBS trusts. The company qualifies as a REIT for federal income tax purposes and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Starwood Property Trust, Inc. was incorporated in 2009 and is headquartered in Miami Beach, Florida.
Business overview written from the company's own Form 10-K (Item 1), filed 2026-02-25 — refreshed whenever it files a new one. The figures above are current; see its SEC filings. ✓ From the 10-K
Plain-English: the Snapshot is the quick read — what it pays you (yield, dividend), how its cash flow looks (FFO/AFFO, Price/OCF) and how much debt it carries. Switch to Expert in the header to hide these explanations.
Snapshot
Reported FFO / Distributable Earnings / leverage are from the Q1 2026 earnings release (filed 2026-05-08) — 8-K, EX-99.1 ✓ Verified to filing.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
$10,000 invested
Illustrative income only, at today's price and latest declared dividend — it excludes price changes, dividend cuts and taxes. Not a forecast.
Model STWD yourself — any amount, shares, per-payment & a multi-year DRIP projection →
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.88B | $411.54M | $82.06M | $1.84B | $977.85M |
| 2024 | $2.04B | $359.93M | $43.09M | $1.80B | $646.59M |
| 2023 | $2.05B | $339.21M | $51.09M | $1.90B | $528.60M |
| 2022 | $1.55B | $871.48M | $50.96M | $1.85B | $213.74M |
| 2021 | $1.19B | $447.74M | $84.39M | $1.03B | $-989.98M |
| 2020 | $1.14B | $331.69M | $96.03M | $902.07M | $1.05B |
Dividends
Recent regular dividends per share (special distributions excluded), oldest → newest.
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-06-30 | 2026-06-30 | 2026-07-15 | 2026-06-16 | $0.48 | Quarterly |
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-13 | $0.48 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-12-12 | $0.48 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-07-16 | $0.48 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-06-12 | $0.48 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-03-13 | $0.48 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-07-24 | $0.48 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-07-24 | $0.48 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-06-13 | $0.48 | Quarterly |
| 2024-03-27 | 2024-03-29 | 2024-04-15 | 2024-03-15 | $0.48 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-15 | 2023-12-15 | $0.48 | Quarterly |
| 2023-09-28 | 2023-09-30 | 2023-10-16 | 2023-09-15 | $0.48 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-06-15 | $0.48 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-14 | 2023-03-16 | $0.48 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-13 | 2022-12-09 | $0.48 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | 2022-09-16 | $0.48 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-06-15 | $0.48 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-15 | 2022-03-14 | $0.48 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-14 | 2021-12-15 | $0.48 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-15 | 2021-09-15 | $0.48 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-06-14 | $0.48 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-03-11 | $0.48 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-15 | 2020-12-09 | $0.48 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-15 | 2020-09-16 | $0.48 | Quarterly |
Coverage (payout of operating cash flow): 66.20%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Recent news — STWD
Starwood Property Trust Announces Date for Second Quarter 2026 Earnings Release and Conference Call
Starwood Capital Promotes Qahir Madhany to Head of Acquisitions, Americas Reflects Proven Track Record of Value Creation and Deal Execution across the U.S. Real Estate Landscape
Starwood Property Trust: An 11.6% Yield At A 52-Week Low Heading Into The End Of The Year
Dividend Harvesting Portfolio Week 279: $27,900 Allocated, $3,136.31 In Projected Dividends
Starwood Capital Group Raises $10.2 Billion Opportunistic Real Estate Fund
3 Dividend Stocks Yielding Over 8.5% to Buy With $1,000 Right Now -- and Hold for a Lifetime of Passive Income
Starwood Property Trust Announces Pricing of Private Offering of Sustainability Bonds
Starwood Property Trust Announces Private Offering of Sustainability Bonds
Headlines via Financial Modeling Prep; links open the original publisher in a new tab. Not an endorsement or investment advice.
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Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.