For the quarter ending 2026-03-31, STWD had -$8,672K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 57,422 | 112,366 | 79,930 | 250,797 |
| Amortization of deferred financing costs, premiums and discounts on secured borrowings | 12,452 | 12,407 | 11,382 | 22,861 |
| Amortization of discounts and deferred financing costs on unsecured senior notes | 3,810 | 3,661 | 2,837 | 5,426 |
| Accretion of net discount on investment securities | 1,162 | 1,203 | 1,195 | 3,287 |
| Accretion of net deferred loan fees and discounts | 15,735 | 15,709 | 20,053 | 26,589 |
| Share-based compensation | 13,994 | 12,624 | 14,690 | 26,780 |
| Manager fees paid in stock | 1,742 | 0 | 92 | 11,396 |
| Change in fair value of investment securities | 89 | 221 | 1,794 | 172 |
| Change in fair value of consolidated vies | -2,562 | 4,163 | 7,638 | -5,941 |
| Change in fair value of servicing rights | -537 | 758 | 2,016 | 3,116 |
| Change in fair value of loans | -12,668 | 43,802 | 52,367 | 88,271 |
| Change in fair value of affordable housing fund investments | 1,934 | -134,432 | -193,624 | -17,978 |
| Change in fair value of derivatives | -9,119 | 3,415 | 1,612 | -158,614 |
| Foreign currency loss (gain), net | -6,090 | 6,607 | -12,215 | 118,552 |
| Gain on sale of investments and other assets, net | 679 | 10,224 | 1,027 | 31,662 |
| Impairment charges on properties and related intangibles | - | 26,766 | - | - |
| Credit loss reversal, net | -377 | 10,344 | 28,359 | -19,333 |
| Depreciation and amortization | 35,454 | 32,802 | 27,705 | 24,325 |
| Earnings from unconsolidated entities | 818 | 3,681 | 2,463 | 8,409 |
| Distributions of earnings from unconsolidated entities | 0 | 335 | 2,790 | 7,738 |
| Loss on extinguishment of debt, net | -335 | -2,309 | 0 | 19,990 |
| Origination and purchase of loans held-for-sale, net of principal collections | 191,254 | 94,695 | 182,241 | 646,561 |
| Proceeds from sale of loans held-for-sale | 182,087 | 372,887 | 169,251 | 743,164 |
| Related-party payable | 2,046 | 3,723 | 2,093 | -13,112 |
| Accrued and capitalized interest receivable, less purchased interest | 51,459 | 25,162 | 32,989 | 45,690 |
| Other assets | 7,308 | 12,974 | -69,647 | 33,523 |
| Accounts payable, accrued expenses and other liabilities | 24,059 | -13,292 | 28,371 | -65,242 |
| Purchases and additions to properties and other assets | - | - | - | 14,756 |
| Net cash provided by operating activities | 93,562 | 488,750 | 337,591 | 151,511 |
| Proceeds from loans sold | - | 0 | 0 | 229,867 |
| Origination, purchase and funding of loans held-for-investment | 1,879,043 | 1,718,122 | 2,247,130 | 3,822,158 |
| Proceeds from principal collections on loans | 982,816 | 1,240,150 | 1,711,197 | 1,559,497 |
| Purchase and funding of investment securities | 22,733 | 51,688 | 8,360 | 21,573 |
| Proceeds from sales and redemptions of investment securities | 625 | 1,695 | 2,018 | 5,543 |
| Proceeds from principal collections on investment securities | 4,831 | 3,468 | 245,931 | 54,952 |
| Proceeds from sales of real estate | 62,040 | 40,460 | 1,577 | 58,903 |
| Net cash paid in merger | - | 0 | 878,493 | - |
| Purchases and additions to properties and other assets | 149,339 | 205,671 | 63,372 | - |
| Investments in unconsolidated entities | - | 313 | 0 | - |
| Proceeds from sale of interest in an unconsolidated entity | - | 0 | -5 | 69,824 |
| Distribution of capital from unconsolidated entities | 0 | 0 | 0 | 250 |
| Cash acquired in foreclosure | 7,713 | 0 | 0 | 733 |
| Payments for purchase or termination of derivatives | 18,921 | 11,029 | 27,396 | 16,090 |
| Proceeds from termination of derivatives | 22,344 | 2,699 | 30,001 | 36,183 |
| Contributions from non-controlling interests | - | 5,961 | 0 | 1,489 |
| Net cash used in investing activities | -989,667 | -698,351 | -1,219,276 | -1,858,825 |
| Proceeds from borrowings | 2,867,550 | 4,672,710 | 3,334,889 | 6,659,763 |
| Principal repayments on and repurchases of borrowings | 1,809,786 | 4,011,470 | 2,703,059 | 4,716,024 |
| Payment of deferred financing costs | 12,601 | 31,867 | 27,642 | 29,684 |
| Net proceeds from issuances of common stock | 1,682 | 548 | 534,110 | 33,155 |
| Payment of dividends | 178,241 | 178,210 | 164,612 | 326,033 |
| Distributions to non-controlling interests | 16,276 | 35,148 | 46,164 | 18,673 |
| Purchase of treasury stock | 19,936 | - | - | - |
| Issuance of debt of consolidated vies | 3,865 | 0 | 0 | 0 |
| Repayment of debt of consolidated vies | 110 | 103,072 | 110 | 61,870 |
| Distributions of cash from consolidated vies | 51,286 | 26,233 | 19,109 | 85,229 |
| Net cash provided by financing activities | 887,433 | 345,685 | 946,521 | 1,627,352 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | -8,672 | 136,084 | 64,836 | -79,962 |
| Cash, cash equivalents and restricted cash, beginning of period | 674,647 | 539,107 | 553,995 | - |
| Effect of exchange rate changes on cash | 87 | -544 | 238 | - |
| Cash, cash equivalents and restricted cash, end of period | 666,062 | 674,647 | 539,107 | - |
STARWOOD PROPERTY TRUST, INC. (STWD)
STARWOOD PROPERTY TRUST, INC. (STWD)