For the quarter ending 2025-09-30, STWD made $488,878K in revenue. $72,560K in net income. Net profit margin of 14.84%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|
| Total revenues | 488,878 | 444,283 | 488,739 | 479,540 |
| Management fees | 32,243 | 30,833 | 43,611 | 27,439 |
| Interest expense | 334,849 | 316,132 | 333,223 | 337,859 |
| General and administrative | 51,523 | 51,072 | 50,050 | 48,054 |
| Costs of rental operations | 15,987 | 14,512 | 12,017 | 12,133 |
| Depreciation and amortization | 26,044 | 10,371 | 10,497 | 10,188 |
| Credit loss provision, net | 28,359 | 5,666 | 44,132 | 66,427 |
| Other expense | -439 | -1,893 | -631 | -475 |
| Income from affordable housing fund investments | - | - | 50,643 | -5,590 |
| Total costs and expenses | 489,444 | 430,479 | 494,161 | 502,575 |
| Change in net assets related to consolidated vies | 43,735 | 40,280 | 36,378 | 16,570 |
| Change in fair value of servicing rights | 2,016 | 2,363 | 1,226 | -341 |
| Change in fair value of investment securities, net | 1,794 | 345 | 713 | -778 |
| Change in fair value of mortgage loans, net | 52,367 | 29,867 | -51,706 | 114,871 |
| Income (loss) from affordable housing fund investments-Variable Interest Entity Primary Beneficiary | 324 | 5,115 | - | - |
| Earnings from unconsolidated entities | 2,463 | 7,872 | 5,539 | 349 |
| Gain on sale of investments and other assets, net | 1,027 | 31,662 | 30,798 | 8,316 |
| Gain (loss) on derivative financial instruments, net | 5,814 | -101,296 | 120,445 | -83,941 |
| Foreign currency (loss) gain, net | -12,215 | 83,761 | -70,117 | 59,421 |
| (loss) gain on extinguishment of debt, net | 0 | 19,990 | -1,296 | -242 |
| Other loss, net | -3,486 | 1,604 | -2,304 | -2,981 |
| Total other income (loss) | 93,839 | 121,563 | 120,316 | 105,654 |
| Income (loss) before income taxes | 93,273 | 135,367 | 114,894 | 82,619 |
| Income tax provision | 13,343 | 671 | -447 | 10,449 |
| Net income | 79,930 | 134,696 | 115,341 | 72,170 |
| Net (income) loss attributable to non-controlling interests | 7,370 | 4,882 | 12,354 | -3,898 |
| Net income (loss) attributable to starwood property trust,inc | 72,560 | 129,814 | 102,988 | 76,068 |
| Basic (in dollars per share) | 0.19 | 0.38 | 0.315 | 0.23 |
| Diluted (in dollars per share) | 0.19 | 0.38 | 0.315 | 0.23 |
| Diluted - average shares outstanding (in shares) | 360,394,000 | 337,145,000 | -156,412,000 | 319,779,000 |
STARWOOD PROPERTY TRUST, INC. (STWD)
STARWOOD PROPERTY TRUST, INC. (STWD)