STWD
$12.44-0.72%
STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc.Stock · Real Estate
STWD financial statements
The full income statement, balance sheet, and cash-flow statement for STARWOOD PROPERTY TRUST INC. Starwood Property Trust Inc. (STWD), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 316.7M2024-09 337.2M2024-12 337.4M2025-03 339.5M2025-06 367.1M2025-09 370.3M2025-12 370.6M2026-03 370.7M2026-06 370.2M+16.9% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
PeriodRangeOrderChangeFiguresAs-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.84B-5.3% | 1.95B-5.0% | 2.05B+40.0% | 1.46B+25.2% | 1.17B+3.0% | ||
| Lease income | 182M+68.9% | 108M-15.4% | 128M-0.5% | 128M-54.0% | 279M-6.4% | |
| Selling, general & administrative | 209M+4.8% | 199M+10.6% | 180M+2.7% | 176M+2.5% | 171M+8.5% | |
| General & administrative | 209M+4.8% | 199M+10.6% | 180M+2.7% | 176M+2.5% | 171M+8.5% | |
| Amortization of intangibles | 15.1M+107.3% | 7.27M-16.8% | 8.73M-0.7% | 8.80M-7.4% | 9.50M-18.8% | |
| Interest expense | — | — | 1.44B+80.2% | 797M+79.1% | 445M+6.0% | |
| Other non-operating income | -33.0M-217.6% | -10.4M+92.3% | -136M-44.7% | -93.7M-1181.2% | -7.31M-2702.8% | |
| Equity-method income | 14.6M+11.1% | 13.1M-21.7% | 16.7M+364.5% | -6.32M-172.2% | 8.75M-76.5% | |
| Gain (loss) on equity securities | 2.19M+115.7% | 1.01M+32.2% | 767K+134.8% | -2.20M-469.5% | -387K-107.2% | |
| Pre-tax income | 480M+18.2% | 406M-2.7% | 417M-58.1% | 998M+99.1% | 501M+29.7% | |
| Income tax | 36.7M+44.4% | 25.4M+3829.0% | -682K+98.9% | -61.5M-809.7% | 8.67M-57.1% | |
| 412M+14.3% | 360M+6.1% | 339M-61.1% | 871M+94.6% | 448M+35.0% | ||
| Income from continuing operations | 412M+14.3% | 360M+6.1% | 339M-61.1% | 871M+94.6% | 448M+35.0% | |
| Net income to non-controlling interest | 31.5M+52.8% | 20.6M-73.8% | 78.9M-57.9% | 188M+319.8% | 44.7M+29.9% | |
| $1.15+4.5% | $1.10+2.8% | $1.07-60.9% | $2.74+80.3% | $1.52+31.0% | ||
| EPS (basic) | $1.15+4.5% | $1.10+2.8% | $1.07-61.8% | $2.80+81.8% | $1.54+32.8% | |
| Weighted-avg shares (diluted) | 350M+9.2% | 321M+3.2% | 311M-1.7% | 316M+6.4% | 297M+5.1% | |
| Dividends per share | $1.92+0.0% | $1.92+0.0% | $1.92+0.0% | $1.92+0.0% | $1.92+0.0% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 499M+32.2% | 378M+94.1% | 195M-25.4% | 261M+20.1% | 217M-61.4% | |
| 63.2B+1.0% | 62.6B-10.0% | 69.5B-12.1% | 79.0B-5.7% | 83.9B+3.7% | ||
| Operating lease right-of-use | 54.3M | — | — | — | — | |
| Goodwill | 260M+0.0% | 260M+0.0% | 260M+0.0% | 260M+0.0% | 260M+0.0% | |
| Intangible assets | 436M+618.3% | 60.7M-6.6% | 65.0M-5.5% | 68.8M+8.2% | 63.6M-9.3% | |
| 55.7B+0.6% | 55.4B-11.4% | 62.5B-13.0% | 71.8B-6.9% | 77.2B+1.6% | ||
| Long-term debt | — | — | — | — | 1.83B+5.5% | |
| Operating lease liability (total) | 55.0M+54.7% | 35.6M-5.6% | 37.7M-4.2% | 39.3M+302.6% | 9.76M-14.7% | |
| Finance lease liability (total) | 14.0M | — | — | — | — | |
| 6.80B+5.6% | 6.44B+3.0% | 6.25B-3.3% | 6.46B+6.4% | 6.07B+35.3% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 3.78M+9.6% | 3.45M+7.5% | 3.21M+0.8% | 3.18M+1.9% | 3.12M+6.9% | |
| Additional paid-in capital | 6.96B+10.0% | 6.32B+7.8% | 5.86B+1.0% | 5.81B+2.4% | 5.67B+8.9% | |
| Retained earnings | -39.0M-116.6% | 235M-53.5% | 506M-34.2% | 769M+56.0% | 493M+178.3% | |
| Treasury stock | 138M+0.0% | 138M+0.0% | 138M+0.0% | 138M+0.0% | 138M+0.0% | |
| Accumulated other comprehensive income | 11.6M-15.0% | 13.6M-11.5% | 15.4M-26.7% | 21.0M-48.8% | 41.0M-6.9% | |
| Non-controlling interest | 330M+0.1% | 330M-7.8% | 358M-4.3% | 373M+3.4% | 361M-3.3% | |
| Total equity incl. non-controlling | 7.13B+5.3% | 6.77B+2.4% | 6.61B-3.3% | 6.84B+6.2% | 6.43B+32.3% | |
| Total liabilities & equity | 63.2B+1.0% | 62.6B-10.0% | 69.5B-12.1% | 79.0B-5.7% | 83.9B+3.7% | |
| Common shares issued | 378M+9.6% | 345M+7.5% | 321M+0.8% | 318M+1.9% | 312M+6.9% | |
| Common shares outstanding | 371M+9.8% | 337M+7.7% | 313M+0.9% | 311M+1.9% | 305M+7.1% | |
| Shares outstanding (cover) | 371M+9.8% | 337M+7.7% | 313M+0.9% | 311M+1.9% | 305M+6.8% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 978M+51.2% | 647M+22.3% | 529M+147.3% | 214M+121.6% | -990M-194.7% | ||
| Depreciation & amortization | 79.0M+91.2% | 41.3M-15.9% | 49.1M-0.3% | 49.3M-40.6% | 83.0M-12.1% | |
| Intangible amortization | 15.1M+107.3% | 7.27M-16.8% | 8.73M-0.7% | 8.80M-7.4% | 9.50M-18.8% | |
| Deferred income taxes | 31.5M+45.1% | 21.7M+1903.5% | -1.21M+98.1% | -63.7M-807.6% | 9.00M-19.0% | |
| -3.78B-281.2% | 2.08B+143.7% | 855M+129.0% | -2.95B+31.1% | -4.28B-369.6% | ||
| Capital expenditure | 878M | 0.00 | 0.00-100.0% | 25.2M-4.0% | 26.3M+4.4% | |
| Free cash flow | 99.4M-84.6% | 647M+22.3% | 529M+180.4% | 189M+118.6% | -1.02B-199.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Purchases of investments | 81.6M-8.0% | 88.7M+666.2% | 11.6M-86.6% | 86.5M-56.4% | 198M+785.2% | |
| 2.92B+217.4% | -2.49B-70.9% | -1.45B-152.0% | 2.80B-42.6% | 4.87B+36586.8% | ||
| Long-term debt issued | 14.7B+103.6% | 7.20B+9.8% | 6.56B-51.5% | 13.5B-22.5% | 17.4B+145.6% | |
| Long-term debt repaid | 11.4B+23.7% | 9.24B+23.7% | 7.47B-24.4% | 9.89B-17.1% | 11.9B+94.4% | |
| Common stock issued | 568M+43.6% | 395M+13096.1% | 3.00M-94.1% | 50.4M-87.2% | 394M+35791.3% | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Dividends paid | 669M+7.9% | 620M+3.1% | 601M+1.6% | 591M+6.8% | 554M+1.3% | |
| FX effect on cash | -306K+88.3% | -2.62M-458.0% | 731K+166.8% | -1.09M+36.4% | -1.72M-255.8% | |
| Interest paid | 1.19B-8.1% | 1.29B-4.2% | 1.35B+101.4% | 671M+73.5% | 387M+1.8% | |
| Income taxes paid | 696K-82.6% | 4.01M+140.1% | 1.67M+121.2% | -7.86M-200.9% | 7.79M-31.5% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 6.67B+4.4% | 6.39B-2.9% | 6.58B+16.0% | 5.67B-23.4% | 7.41B+34.5% | |
| P/E | 16.2×-8.7% | 17.8×+10.2% | 16.1×+133.9% | 6.9×-58.3% | 16.5×-0.4% | |
| P/S | 3.6×+10.2% | 3.3×-1.1% | 3.3×-23.9% | 4.4×-31.0% | 6.3×+30.6% | |
| P/B | 1.0×-1.1% | 1.0×-4.6% | 1.0×+18.3% | 0.9×-27.8% | 1.2×-0.6% | |
| P/FCF | 67.2×+579.3% | 9.9× | — | 19.6× | — | |
| Earnings yield | 6.2%+9.5% | 5.6%-9.2% | 6.2%-57.2% | 14.5%+139.9% | 6.0%+0.4% | |
| FCF yield | 1.5%-85.3% | 10.1% | — | 5.1% | — | |
| Dividend yield | 10.7%+5.2% | 10.1%+10.9% | 9.1%-12.8% | 10.5%+32.6% | 7.9%-20.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: STWD’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all STWD filings on SEC EDGAR → Not investment advice.