Here are the 10-Q quarterly 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-Q covers the quarterly report filed between annual reports, 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 (STWD) reported $545.9 million of revenue for the three months ended September 30, 2026, compared with $488.9 million a year earlier. Costs and expenses were $839.7 million, including a $336.6 million credit loss provision versus $28.4 million; the company also recorded a $121.6 million fair value loss on mortgage loans, compared with a $52.4 million gain. Net loss attributable to Starwood Property Trust was $389.7 million, versus net income of $72.6 million, and loss per share was $1.08 versus earnings per share of $0.19.
For the nine months ended September 30, 2026, revenue was $1.572 billion and net loss attributable to the company was $331.3 million, compared with $1.351 billion revenue and $314.6 million net income for the same period in 2025. As of September 30, 2026, net loans were $22.0 billion and credit loss allowances totaled $704.2 million. The company attributed the provision to increased risk of repayment shortfalls associated with higher projected interest rates, which increase debt-service burdens for its predominantly floating-rate borrowers and contribute to higher capitalization rates and lower property values. Five commercial loans with an aggregate amortized cost basis of $677.5 million and residential loans totaling $81.6 million were 90 days or more past due.
Starwood Property Trust, Inc. reported results for the quarter ended June 30, 2026. Total revenues were $513.7 million, up from $444.3 million, including interest income from loans of $398.4 million, rental income of $87.9 million and servicing fees of $16.7 million.
Total costs and expenses were $524.8 million versus $430.5 million, including a credit loss provision of $30.2 million versus $5.7 million and higher depreciation and amortization. Other income was $32.3 million compared with $121.6 million. Net income attributable to common shareholders was $6.6 million, or $0.01 per diluted share, versus $129.8 million, or $0.38, a year earlier; for the first half, it was $58.4 million versus $242.1 million.
At June 30, 2026, total assets were $61.0 billion, including $22.0 billion of net loans and $30.9 billion of VIE assets at fair value; total liabilities were $53.9 billion and total permanent equity $6.8 billion. Operating cash flow for the first six months was $264.2 million. Dividends declared were $0.48 per share for the quarter and $0.96 year-to-date.
Starwood Property Trust, Inc. reported lower profitability for the three months ended March 31, 2026 even as revenues grew. Total revenues rose to $512.5 million from $418.2 million, driven by higher interest income, servicing fees and rental income from its expanded property portfolio.
Higher expenses and less favorable credit and fair value items reduced earnings. Net income attributable to Starwood fell to $51.9 million from $112.3 million, and diluted EPS declined to $0.13 from $0.33. Credit loss reversals were minimal compared with the prior year, and interest expense and depreciation increased. The company remained highly leveraged with $62.1 billion in assets and $6.99 billion in total permanent equity, continued to originate and fund new loans, and paid a quarterly dividend of $0.48 per share.
Starwood Property Trust reports steady results for the quarter ended September 30, 2025 while significantly reshaping its portfolio. Total assets were about $62.4 billion, roughly flat versus year-end, as large loan growth and a major property acquisition offset VIE run-off.
Quarterly revenues were $488.9 million, slightly above last year, but net income attributable to common stockholders slipped to $72.6 million with diluted EPS of $0.19, down from $0.23. For the first nine months, net income attributable to common stockholders was $314.6 million, modestly above 2024.
The commercial and infrastructure loan book expanded to $18.8 billion held-for-investment, and properties, net, rose to $3.33 billion, helped by the $2.2 billion merger acquisition of Fundamental Income Properties, LLC, adding 468 net-lease assets. The company raised equity, including a Q3 common stock offering with net proceeds of about $533.5 million, and continued paying dividends of $0.48 per share in the quarter, or $1.44 per share year-to-date.