For the quarter ending 2025-09-30, STWD had $64,836K increase in cash & cash equivalents over the period. -$540,902K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 79,930 | 250,797 |
| Amortization of deferred financing costs, premiums and discounts on secured borrowings | 11,382 | 22,861 |
| Amortization of discounts and deferred financing costs on unsecured senior notes | 2,837 | 5,426 |
| Accretion of net discount on investment securities | 1,195 | 3,287 |
| Accretion of net deferred loan fees and discounts | 20,053 | 26,589 |
| Share-based compensation | 14,690 | 26,780 |
| Manager fees paid in stock | 92 | 11,396 |
| Change in fair value of investment securities | 1,794 | 172 |
| Change in fair value of consolidated vies | 7,638 | -5,941 |
| Change in fair value of servicing rights | 2,016 | 3,116 |
| Change in fair value of loans | 52,367 | 88,271 |
| Change in fair value of affordable housing fund investments | -193,624 | -17,978 |
| Change in fair value of derivatives | 1,612 | -158,614 |
| Foreign currency gain, net | -12,215 | 118,552 |
| Gain on sale of investments and other assets, net | 1,027 | 31,662 |
| Credit loss provision, net | 28,359 | -19,333 |
| Depreciation and amortization | 27,705 | 24,325 |
| Earnings from unconsolidated entities | 2,463 | 8,409 |
| Distributions of earnings from unconsolidated entities | 2,790 | 7,738 |
| (gain) loss on extinguishment of debt, net | 0 | 19,990 |
| Origination and purchase of loans held-for-sale, net of principal collections | 182,241 | 646,561 |
| Proceeds from sale of loans held-for-sale | 169,251 | 743,164 |
| Related-party payable | 2,093 | -13,112 |
| Accrued and capitalized interest receivable, less purchased interest | 32,989 | 45,690 |
| Other assets | -69,647 | 33,523 |
| Accounts payable, accrued expenses and other liabilities | 28,371 | -65,242 |
| Purchases and additions to properties and other assets | - | 14,756 |
| Net cash provided by operating activities | 337,591 | 151,511 |
| Origination, purchase and funding of loans held-for-investment | 2,247,130 | 3,822,158 |
| Proceeds from principal collections on loans | 1,711,197 | 1,559,497 |
| Proceeds from loans sold | 0 | 229,867 |
| Purchase and funding of investment securities | 8,360 | 21,573 |
| Proceeds from sales and redemptions of investment securities | 2,018 | 5,543 |
| Proceeds from principal collections on investment securities | 245,931 | 54,952 |
| Proceeds from sales of real estate | 1,577 | 58,903 |
| Net cash paid in merger | 878,493 | - |
| Purchases and additions to properties and other assets | 63,372 | - |
| Investments in unconsolidated entities | 0 | - |
| Proceeds from sale of interest in an unconsolidated entity | -5 | 69,824 |
| Distribution of capital from unconsolidated entities | 0 | 250 |
| Cash acquired in foreclosure | 0 | 733 |
| Payments for purchase or termination of derivatives | 27,396 | 16,090 |
| Proceeds from termination of derivatives | 30,001 | 36,183 |
| Net cash (used in) provided by investing activities | -1,219,276 | -1,858,825 |
| Proceeds from borrowings | 3,334,889 | 6,659,763 |
| Principal repayments on and repurchases of borrowings | 2,703,059 | 4,716,024 |
| Payment of deferred financing costs | 27,642 | 29,684 |
| Net proceeds from issuances of common stock | 534,110 | 33,155 |
| Payment of dividends | 164,612 | 326,033 |
| Contributions from non-controlling interests | 0 | 1,489 |
| Distributions to non-controlling interests | 46,164 | 18,673 |
| Issuance of debt of consolidated vies | 0 | 0 |
| Repayment of debt of consolidated vies | 110 | 61,870 |
| Distributions of cash from consolidated vies | 19,109 | 85,229 |
| Net cash provided by (used in) financing activities | 946,521 | 1,627,352 |
| Net (decrease) increase in cash, cash equivalents and restricted cash | 64,836 | -79,962 |
| Cash and cash equivalents at beginning of period | 553,995 | - |
| Effect of exchange rate changes on cash | 238 | - |
| Cash and cash equivalents at end of period | 539,107 | - |
STARWOOD PROPERTY TRUST, INC. (STWD)
STARWOOD PROPERTY TRUST, INC. (STWD)