Here are the 10-K annual reports from Starwood Property Trust, Inc. (STWD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow STWD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full STWD filings page.
Starwood Property Trust, Inc. outlines its business, portfolio and risks in its annual report for the year ended December 31, 2025. The company operates as a REIT focused on originating, acquiring, financing and managing commercial and residential real estate debt and equity across the U.S., Europe and Australia.
Starwood reports four segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing. The Commercial and Residential Lending portfolio had carrying value of about $19.7 billion at year-end 2025, while Infrastructure Lending assets totaled about $2.9 billion. In July 2025, Starwood acquired Fundamental Income Properties for approximately $2.2 billion, adding a large triple net lease portfolio with a 17.1-year weighted-average lease term. Total consolidated indebtedness was about $22.1 billion, and the REIT highlights extensive risk factors, including dependence on its external manager, credit and market risks, interest rate volatility, and maintaining REIT and Investment Company Act exemptions.