Starwood Property Trust (STWD) Financials

$19.71 +0.18 (+0.92%)

Closing price 03:59 PM Eastern

Extended Trading

$19.75 +0.04 (+0.20%)

As of 07:14 PM Eastern

Annual Income Statements for Starwood Property Trust

This table shows Starwood Property Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	360	339	871	448	332	510	386	401	365	451
Consolidated Net Income / (Loss)	381	418	1,059	492	366	537	411	413	368	452
Net Income / (Loss) Continuing Operations	381	418	1,059	492	366	537	411	413	368	452
Total Pre-Tax Income	406	417	998	501	386	550	427	444	376	469
Total Revenue	2,323	2,342	2,220	890	627	665	720	882	554	533
Net Interest Income / (Expense)	67	368	821	-400	-365	-432	-351	-243	-160	369
Total Interest Income	67	368	821	45	54	77	57	53	71	572
Investment Securities Interest Income	67	368	821	45	54	77	57	53	71	94
Total Interest Expense	0.00	0.00	0.00	445	420	509	408	296	231	203
Total Non-Interest Income	2,256	1,974	1,399	1,290	992	1,097	1,071	1,124	714	164
Other Service Charges	1,772	1,846	1,271	846	784	782	703	578	561	128
Net Realized & Unrealized Capital Gains on Investments	376	0.36	-0.18	165	-90	-23	19	297	-	-
Other Non-Interest Income	108	128	128	279	298	338	350	249	153	37
Total Non-Interest Expense	1,982	2,098	1,273	544	496	514	535	445	420	334
Net Occupancy & Equipment Expense	48	45	44	112	118	123	127	94	65	12
Other Operating Expenses	1,893	2,004	1,180	348	286	277	266	254	275	280
Depreciation Expense	41	49	49	83	94	113	133	94	67	29
Nonoperating Income / (Expense), net	65	174	50	155	299	406	276	2.24	242	270
Income Tax Expense	25	-0.68	-62	8.67	20	13	15	32	8.34	17
Net Income / (Loss) Attributable to Noncontrolling Interest	21	79	188	45	34	27	25	12	2.47	1.49
Basic Earnings per Share	$1.10	$1.07	$2.80	$1.54	$1.16	$1.81	$1.44	$1.53	$1.52	$1.92
Weighted Average Basic Shares Outstanding	337.42M	313.38M	310.65M	304.83M	285.45M	282.61M	265.28M	259.62M	238.53M	237.03M
Diluted Earnings per Share	$1.10	$1.07	$2.74	$1.52	$1.16	$1.79	$1.42	$1.52	$1.50	$1.91
Weighted Average Diluted Shares Outstanding	337.42M	313.38M	310.65M	304.83M	285.45M	282.61M	265.28M	259.62M	238.53M	237.03M
Weighted Average Basic & Diluted Shares Outstanding	337.42M	313.38M	310.65M	304.83M	285.45M	282.61M	265.28M	259.62M	238.53M	237.03M
Cash Dividends to Common per Share	$1.92	$1.92	$1.92	$1.92	$1.92	$1.92	$1.92	$1.92	$1.92	$1.92

This table shows Starwood Property Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	112	52	76	78	154	71	47	169	52	140	195
Consolidated Net Income / (Loss)	116	71	72	78	160	85	51	222	60	169	224
Net Income / (Loss) Continuing Operations	116	71	72	78	160	85	51	222	60	169	224
Total Pre-Tax Income	120	69	83	94	161	103	40	224	51	157	175
Total Revenue	477	972	473	570	307	881	518	780	162	1,113	286
Net Interest Income / (Expense)	12	-52	12	444	-338	190	20	475	-317	661	-86
Total Interest Income	12	-407	12	444	18	-146	20	475	19	160	137
Investment Securities Interest Income	12	20	12	17	18	310	20	19	19	421	137
Total Interest Expense	0.00	-356	0.00	0.00	356	-335	0.00	0.00	335	-501	222
Total Non-Interest Income	464	1,024	462	126	645	692	498	305	479	452	372
Other Service Charges	377	840	436	20	476	929	468	8.59	439	667	339
Net Realized & Unrealized Capital Gains on Investments	59	156	-0.58	81	140	-268	-3.21	264	7.30	-247	0.30
Other Non-Interest Income	29	28	26	25	29	30	33	32	32	32	33
Total Non-Interest Expense	384	835	503	491	153	845	520	583	150	928	114
Net Occupancy & Equipment Expense	15	14	12	12	10	9.93	12	11	12	12	12
Other Operating Expenses	358	810	480	469	133	823	496	560	126	905	88
Depreciation Expense	11	11	10	10	9.82	12	12	12	12	13	13
Nonoperating Income / (Expense), net	27	-68	112	14	7.46	67	41	27	39	-25	3.36
Income Tax Expense	3.77	-2.10	10	16	1.21	18	-11	1.20	-8.80	-13	-49
Net Income / (Loss) Attributable to Noncontrolling Interest	3.85	19	-3.90	-0.17	5.53	14	3.94	54	7.79	29	29
Basic Earnings per Share	$0.33	$0.14	$0.23	$0.24	$0.49	$0.22	$0.15	$0.54	$0.16	$0.46	$0.62
Weighted Average Basic Shares Outstanding	339.45M	337.42M	337.16M	316.70M	315.96M	313.38M	313.23M	312.78M	312.09M	310.65M	309.58M
Diluted Earnings per Share	$0.33	$0.15	$0.23	$0.24	$0.48	$0.22	$0.15	$0.54	$0.16	$0.44	$0.61
Weighted Average Diluted Shares Outstanding	339.45M	337.42M	337.16M	316.70M	315.96M	313.38M	313.23M	312.78M	312.09M	310.65M	309.58M
Weighted Average Basic & Diluted Shares Outstanding	339.45M	337.42M	337.16M	316.70M	315.96M	313.38M	313.23M	312.78M	312.09M	310.65M	309.58M

This table details how cash moves in and out of Starwood Property Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	245	-71	61	-399	147	88	69	-236	262	92
Net Cash From Operating Activities	647	529	214	-990	1,046	-13	585	-247	557	606
Net Cash From Continuing Operating Activities	647	529	214	-990	1,047	-13	585	-247	557	606
Net Income / (Loss) Continuing Operations	381	418	1,059	492	366	537	411	413	368	452
Consolidated Net Income / (Loss)	381	418	1,059	492	366	537	411	413	368	452
Provision For Loan Losses	197	244	47	8.34	43	7.13	35	-5.46	3.76	-0.00
Depreciation Expense	46	54	54	85	94	113	131	91	62	27
Amortization Expense	54	51	44	37	35	32	24	26	21	11
Non-Cash Adjustments to Reconcile Net Income	16	-2.95	-969	-1,525	686	-550	11	-669	176	244
Changes in Operating Assets and Liabilities, net	-48	-236	-21	-87	-177	-153	-27	-102	-74	-128
Net Cash From Investing Activities	2,084	855	-2,950	-4,282	-912	-776	-2,521	-1,037	-801	-420
Net Cash From Continuing Investing Activities	2,084	855	-2,950	-4,250	-912	-776	-2,521	-1,037	-801	-420
Purchase of Investment Securities	-3,189	-2,799	-5,675	-8,925	-3,259	-5,663	-7,167	-3,998	-4,081	-3,148
Sale and/or Maturity of Investments	5,268	3,654	2,724	4,675	2,347	4,888	4,646	2,961	3,280	2,728
Other Investing Activities, net	4.40	0.82	0.62	0.00	0.00	-	-	-	-0.09	-
Net Cash From Financing Activities	-2,486	-1,455	2,798	4,873	13	877	2,005	1,048	506	-93
Net Cash From Continuing Financing Activities	-2,486	-1,455	2,798	4,873	13	877	2,005	1,048	506	-93
Issuance of Debt	7,217	6,560	13,521	17,506	7,288	10,352	9,515	6,299	6,060	4,865
Issuance of Common Equity	395	3.00	50	394	1.10	0.77	14	0.70	449	326
Repayment of Debt	-9,431	-7,522	-10,178	-12,697	-6,660	-9,044	-6,771	-4,724	-5,549	-4,800
Payment of Dividends	-562	-432	-498	-434	-467	-493	-674	-409	-401	-412
Other Financing Activities, Net	-106	-64	-97	103	-115	61	-67	-119	-34	-25
Cash Interest Paid	1,294	1,352	671	387	380	481	338	251	185	160
Cash Income Taxes Paid	4.01	1.67	-7.86	7.79	11	11	11	21	9.74	29

This table details how cash moves in and out of Starwood Property Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	138	45	74	-16	142	-120	-23	-77	149	-80	125
Net Cash From Operating Activities	239	296	242	53	56	12	356	189	-29	-631	159
Net Cash From Continuing Operating Activities	239	296	242	53	56	12	356	189	-29	-630	159
Net Income / (Loss) Continuing Operations	116	71	72	78	160	85	51	222	60	169	224
Consolidated Net Income / (Loss)	116	71	72	78	160	85	51	222	60	169	224
Provision For Loan Losses	-25	52	66	43	36	26	53	122	43	27	15
Depreciation Expense	13	12	11	11	11	13	14	14	14	14	14
Amortization Expense	12	12	14	14	13	13	12	13	13	13	11
Non-Cash Adjustments to Reconcile Net Income	102	136	116	-136	-99	98	93	-198	4.20	-722	-253
Changes in Operating Assets and Liabilities, net	21	12	-38	44	-65	-223	133	17	-163	-130	147
Net Cash From Investing Activities	-906	338	310	271	1,166	-88	391	539	13	-94	-380
Net Cash From Continuing Investing Activities	-906	334	314	265	1,171	-88	391	539	13	-94	-380
Purchase of Investment Securities	-1,736	-1,021	-1,220	-668	-281	-1,082	-653	-623	-441	-549	-1,120
Sale and/or Maturity of Investments	829	1,352	1,533	932	1,452	993	1,044	1,162	454	455	740
Other Investing Activities, net	0.73	3.35	-	-	-	0.70	-	-	-	-	-
Net Cash From Financing Activities	806	-588	-478	-340	-1,080	-43	-771	-805	164	645	345
Net Cash From Continuing Financing Activities	806	-588	-478	-340	-1,080	-43	-771	-805	164	645	345
Issuance of Debt	2,735	2,796	1,518	1,666	1,238	1,626	2,592	1,140	1,202	1,918	1,568
Issuance of Common Equity	1.43	0.62	393	0.60	1.40	0.48	0.63	0.63	1.27	16	0.86
Repayment of Debt	-1,817	-3,202	-2,229	-1,834	-2,166	-1,614	-3,208	-1,809	-892	-1,136	-1,068
Payment of Dividends	-90	-148	-137	-139	-137	-35	-137	-125	-134	-120	-127
Other Financing Activities, Net	-24	-34	-23	-32	-17	-21	-19	-12	-12	-32	-29
Cash Interest Paid	265	300	326	301	367	335	355	339	323	248	196
Cash Income Taxes Paid	-0.05	2.28	1.78	0.22	-0.27	-0.22	0.02	1.83	0.04	0.75	-0.39

This table presents Starwood Property Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	62,556	69,504	79,043	83,850	80,874	78,042	68,262	62,941	77,256	85,698
Cash and Due from Banks	378	195	261	217	563	478	240	369	616	369
Restricted Cash	176	117	121	105	159	96	248	49	35	23
Trading Account Securities	2,692	2,709	2,893	2,925	1,093	913	2,147	1,498	960	974
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	1,374	1,046	1,450	1,166	2,271	2,266	2,785	2,647	1,945	919
Goodwill	260	260	260	260	260	260	260	140	140	140
Intangible Assets	61	65	69	64	70	86	145	183	219	202
Other Assets	57,617	65,112	73,989	79,114	76,457	360	53,906	58,054	73,341	83,071
Total Liabilities & Shareholders' Equity	62,556	69,504	79,043	83,850	80,874	78,042	68,262	62,941	77,256	85,698
Total Liabilities	55,363	62,481	71,844	77,202	76,011	72,905	63,362	58,362	72,696	81,527
Short-Term Debt	95	102	91	13	41	-	15	-	3.90	5.20
Other Short-Term Payables	163	153	152	414	384	-	395	-	361	313
Long-Term Debt	14,146	16,027	16,831	14,405	11,879	10,876	10,757	8,015	6,201	5,392
Other Long-Term Liabilities	40,485	45,667	54,431	62,369	63,707	62,030	52,195	50,347	66,131	75,817
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	427	414	363	215	-	-	-	-	-	-
Total Equity & Noncontrolling Interests	6,767	6,609	6,836	6,434	4,863	5,137	4,900	4,579	4,560	4,171
Total Preferred & Common Equity	6,437	6,251	6,462	6,073	4,489	4,700	4,603	4,478	4,522	4,140
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	6,437	6,251	6,462	6,073	4,489	4,700	4,603	4,478	4,522	4,140
Common Stock	6,326	5,868	5,810	5,676	5,213	5,135	4,998	4,718	4,694	4,195
Retained Earnings	235	506	769	493	-630	-382	-349	-217	-116	-12
Treasury Stock	-138	-138	-138	-138	-138	-104	-104	-92	-92	-72
Accumulated Other Comprehensive Income / (Loss)	14	15	21	41	44	51	59	70	36	30
Noncontrolling Interest	330	358	373	361	374	437	297	101	38	31

This table presents Starwood Property Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	62,163	64,234	64,089	66,170	70,294	73,170	77,354	80,003
Cash and Due from Banks	441	358	259	327	195	334	396	340
Restricted Cash	252	152	176	125	236	120	136	122
Trading Account Securities	2,532	2,848	2,891	2,772	2,735	2,853	2,908	2,457
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Premises and Equipment, Net	1,413	1,195	1,207	1,045	1,406	1,443	1,444	1,217
Goodwill	260	260	260	260	260	260	260	260
Intangible Assets	60	60	62	63	66	68	67	73
Other Assets	57,207	59,361	59,234	61,577	65,396	68,092	72,145	75,534
Total Liabilities & Shareholders' Equity	62,163	64,234	64,089	66,170	70,294	73,170	77,354	80,003
Total Liabilities	55,007	56,951	57,116	59,129	63,200	65,977	70,237	72,837
Short-Term Debt	73	118	76	75	86	97	78	83
Other Short-Term Payables	165	164	153	153	153	152	469	739
Long-Term Debt	15,186	14,612	14,857	15,308	16,014	16,589	17,178	15,823
Other Long-Term Liabilities	39,066	41,637	41,656	43,289	46,515	48,844	52,511	56,193
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	427	411	414	415	410	408	364	344
Total Equity & Noncontrolling Interests	6,730	6,872	6,560	6,625	6,684	6,785	6,752	6,821
Total Preferred & Common Equity	6,406	6,540	6,218	6,273	6,321	6,414	6,382	6,447
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	6,406	6,540	6,218	6,273	6,321	6,414	6,382	6,447
Common Stock	6,347	6,315	5,910	5,889	5,859	5,846	5,830	5,783
Retained Earnings	184	346	433	508	586	689	671	779
Treasury Stock	-138	-138	-138	-138	-138	-138	-138	-138
Accumulated Other Comprehensive Income / (Loss)	13	16	14	14	14	17	20	23
Noncontrolling Interest	324	332	341	352	363	370	370	374

This table displays calculated financial ratios and metrics derived from Starwood Property Trust's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-0.80%	5.46%	149.46%	41.99%	-5.71%	-7.63%	-18.36%	59.16%	3.85%	-7.72%
EBITDA Growth	26.38%	-66.64%	123.67%	115.41%	-24.95%	-5.34%	-45.31%	158.02%	-8.95%	-12.66%
EBIT Growth	40.09%	-74.33%	173.73%	295.10%	-39.04%	-4.36%	-66.00%	230.94%	-33.10%	-21.74%
NOPAT Growth	31.10%	-75.78%	195.73%	309.68%	-40.80%	-3.18%	-64.73%	214.39%	-32.07%	-9.01%
Net Income Growth	-8.99%	-60.52%	115.07%	34.51%	-31.82%	30.58%	-0.38%	12.27%	-18.69%	-9.66%
EPS Growth	2.80%	-60.95%	80.26%	31.03%	-35.20%	26.06%	-6.58%	1.33%	-21.47%	-14.73%
Operating Cash Flow Growth	22.32%	147.31%	121.59%	-194.68%	8,021.42%	-102.25%	337.19%	-144.35%	-8.10%	174.42%
Free Cash Flow Firm Growth	68.06%	159.20%	48.10%	-474.24%	-243.25%	93.18%	-106.76%	-33.16%	-38.83%	-24.58%
Invested Capital Growth	-7.42%	-4.02%	14.49%	25.53%	4.81%	2.17%	24.44%	16.99%	12.50%	11.15%
Revenue Q/Q Growth	151.38%	30.33%	64.22%	16.82%	-2.38%	-7.35%	-34.49%	87.21%	9.06%	-10.38%
EBITDA Q/Q Growth	-6.09%	-32.74%	13.27%	16.45%	-17.83%	-22.32%	-56.46%	295.14%	19.90%	-22.91%
EBIT Q/Q Growth	-7.37%	-41.05%	14.79%	26.26%	-32.12%	-36.70%	-72.80%	1,040.48%	34.33%	-29.44%
NOPAT Q/Q Growth	-3.07%	-44.16%	15.70%	27.80%	9.94%	-25.71%	-71.40%	647.17%	15.42%	-12.30%
Net Income Q/Q Growth	-3.50%	-16.82%	6.66%	-2.31%	-14.75%	17.01%	1.49%	-6.53%	7.63%	1.06%
EPS Q/Q Growth	-5.98%	-17.05%	5.38%	-5.59%	-15.33%	17.76%	-2.07%	-7.32%	4.90%	1.60%
Operating Cash Flow Q/Q Growth	78.19%	562.67%	-32.47%	-1,817.34%	-3.44%	91.70%	289.70%	-285.55%	1.73%	148.38%
Free Cash Flow Firm Q/Q Growth	34.86%	286.17%	-38.20%	1.49%	46.39%	-128.62%	-1.13%	42.28%	-413.37%	45.81%
Invested Capital Q/Q Growth	-2.63%	-0.18%	4.55%	1.68%	2.02%	6.10%	0.44%	3.26%	11.17%	2.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	18.98%	14.90%	47.09%	52.52%	34.62%	43.49%	42.44%	63.35%	39.08%	44.57%
EBIT Margin	14.67%	10.39%	42.67%	38.88%	13.97%	21.61%	20.88%	50.13%	24.11%	37.43%
Profit (Net Income) Margin	16.38%	17.86%	47.70%	55.33%	58.40%	80.77%	57.14%	46.82%	66.38%	84.79%
Tax Burden Percent	93.74%	100.16%	106.17%	98.27%	94.77%	97.59%	96.41%	92.91%	97.78%	96.33%
Interest Burden Percent	119.17%	171.67%	105.30%	144.79%	440.99%	382.90%	283.90%	100.53%	281.56%	235.17%
Effective Tax Rate	6.26%	-0.16%	-6.17%	1.73%	5.23%	2.41%	3.59%	7.09%	2.22%	3.67%
Return on Invested Capital (ROIC)	1.43%	1.03%	4.45%	1.80%	0.51%	0.89%	1.02%	3.52%	1.28%	2.12%
ROIC Less NNEP Spread (ROIC-NNEP)	1.84%	2.09%	4.79%	2.95%	2.99%	4.55%	3.86%	3.55%	5.37%	7.25%
Return on Net Nonoperating Assets (RNNOA)	3.92%	4.85%	10.84%	6.76%	6.82%	9.81%	7.65%	5.52%	7.14%	9.11%
Return on Equity (ROE)	5.35%	5.88%	15.30%	8.56%	7.32%	10.70%	8.68%	9.03%	8.42%	11.23%
Cash Return on Invested Capital (CROIC)	9.14%	5.13%	-9.06%	-20.85%	-4.19%	-1.26%	-20.76%	-12.15%	-10.48%	-8.44%
Operating Return on Assets (OROA)	0.52%	0.33%	1.16%	0.42%	0.11%	0.20%	0.23%	0.63%	0.16%	0.20%
Return on Assets (ROA)	0.58%	0.56%	1.30%	0.60%	0.46%	0.73%	0.63%	0.59%	0.45%	0.45%
Return on Common Equity (ROCE)	4.78%	5.26%	13.85%	7.85%	6.73%	9.92%	8.31%	8.90%	8.36%	11.16%
Return on Equity Simple (ROE_SIMPLE)	5.91%	6.69%	16.39%	8.11%	8.16%	11.42%	8.93%	9.22%	8.13%	10.92%
Net Operating Profit after Tax (NOPAT)	319	244	1,006	340	83	140	145	411	131	192
NOPAT Margin	13.75%	10.40%	45.30%	38.21%	13.24%	21.09%	20.13%	46.59%	23.58%	36.06%
Net Nonoperating Expense Percent (NNEP)	-0.40%	-1.06%	-0.34%	-1.16%	-2.48%	-3.67%	-2.84%	-0.03%	-4.09%	-5.13%
SG&A Expenses to Revenue	2.08%	1.92%	1.99%	12.55%	18.77%	18.50%	17.66%	10.69%	11.75%	2.16%
Operating Expenses to Revenue	85.33%	89.61%	57.33%	61.12%	79.14%	77.31%	74.29%	50.49%	75.89%	62.58%
Earnings before Interest and Taxes (EBIT)	341	243	947	346	88	144	150	442	134	200
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	441	349	1,045	467	217	289	305	558	216	238
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.99	0.95	0.72	0.91	0.89	0.96	0.70	0.67	0.57	0.53
Price to Tangible Book Value (P/TBV)	1.04	1.01	0.76	0.96	0.96	1.03	0.77	0.73	0.62	0.58
Price to Revenue (P/Rev)	2.75	2.55	2.10	6.19	6.38	6.77	4.47	3.42	4.69	4.14
Price to Earnings (P/E)	17.75	17.60	5.34	12.31	12.06	8.84	8.33	7.52	7.11	4.90
Dividend Yield	10.13%	10.08%	12.77%	10.05%	13.66%	12.02%	16.44%	16.62%	17.64%	20.65%
Earnings Yield	5.63%	5.68%	18.72%	8.12%	8.29%	11.32%	12.00%	13.30%	14.07%	20.39%
Enterprise Value to Invested Capital (EV/IC)	0.97	0.97	0.91	0.96	0.93	0.95	0.88	0.85	0.76	0.76
Enterprise Value to Revenue (EV/Rev)	8.97	9.63	9.88	22.68	24.84	22.93	19.17	12.15	14.78	13.59
Enterprise Value to EBITDA (EV/EBITDA)	47.26	64.67	20.98	43.18	71.77	52.72	45.17	19.18	37.83	30.48
Enterprise Value to EBIT (EV/EBIT)	61.15	92.76	23.15	58.33	177.79	106.08	91.83	24.24	61.31	36.31
Enterprise Value to NOPAT (EV/NOPAT)	65.24	92.61	21.81	59.35	187.60	108.69	95.25	26.08	62.68	37.68
Enterprise Value to Operating Cash Flow (EV/OCF)	32.22	42.68	102.61	0.00	14.89	0.00	23.56	0.00	14.71	11.96
Enterprise Value to Free Cash Flow (EV/FCFF)	10.23	18.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.98	2.30	2.35	2.17	2.45	2.12	2.20	1.75	1.36	1.29
Long-Term Debt to Equity	1.97	2.28	2.34	2.17	2.44	2.12	2.20	1.75	1.36	1.29
Financial Leverage	2.14	2.32	2.26	2.29	2.28	2.16	1.98	1.56	1.33	1.26
Leverage Ratio	9.29	10.45	11.76	14.31	15.89	14.58	13.84	15.34	18.66	25.06
Compound Leverage Factor	11.07	17.93	12.39	20.72	70.08	55.81	39.29	15.42	52.55	58.92
Debt to Total Capital	66.44%	69.67%	70.16%	68.44%	71.03%	67.92%	68.73%	63.64%	57.64%	56.41%
Short-Term Debt to Total Capital	0.44%	0.44%	0.38%	0.06%	0.25%	0.00%	0.10%	0.00%	0.04%	0.05%
Long-Term Debt to Total Capital	66.00%	69.22%	69.78%	68.38%	70.78%	67.92%	68.64%	63.64%	57.60%	56.36%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.53%	3.33%	3.05%	2.74%	2.23%	2.73%	1.89%	0.80%	0.35%	0.32%
Common Equity to Total Capital	30.03%	27.00%	26.79%	28.82%	26.75%	29.35%	29.37%	35.56%	42.01%	43.27%
Debt to EBITDA	32.30	46.24	16.19	30.85	54.93	37.61	35.27	14.35	28.67	22.71
Net Debt to EBITDA	31.05	45.35	15.82	30.16	51.60	35.63	33.67	13.60	25.66	21.06
Long-Term Debt to EBITDA	32.09	45.95	16.10	30.82	54.74	37.61	35.22	14.35	28.65	22.68
Debt to NOPAT	44.60	66.22	16.83	42.40	143.59	77.56	74.37	19.52	47.50	28.07
Net Debt to NOPAT	42.86	64.94	16.45	41.45	134.89	73.46	71.00	18.50	42.52	26.03
Long-Term Debt to NOPAT	44.30	65.80	16.73	42.36	143.09	77.56	74.27	19.52	47.47	28.04
Noncontrolling Interest Sharing Ratio	10.75%	10.60%	9.48%	8.25%	8.10%	7.31%	4.19%	1.52%	0.78%	0.65%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2,037	1,212	-2,047	-3,945	-687	-200	-2,933	-1,419	-1,065	-767
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	-8.86	-1.64	-0.39	-7.19	-4.80	-4.62	-3.79
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	-2.22	2.49	-0.03	1.43	-0.83	2.41	2.99
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	-2.22	2.49	-0.03	1.43	-0.83	2.41	2.99
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.03	0.03	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Fixed Asset Turnover	1.92	1.88	1.70	0.52	0.28	0.26	0.27	0.38	0.39	1.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	21,435	23,152	24,121	21,068	16,783	16,013	15,672	12,594	10,765	9,569
Invested Capital Turnover	0.10	0.10	0.10	0.05	0.04	0.04	0.05	0.08	0.05	0.06
Increase / (Decrease) in Invested Capital	-1,718	-969	3,053	4,285	770	340	3,078	1,829	1,196	960
Enterprise Value (EV)	20,833	22,558	21,933	20,185	15,573	15,242	13,797	10,712	8,187	7,246
Market Capitalization	6,389	5,969	4,656	5,512	4,002	4,504	3,216	3,014	2,596	2,210
Book Value per Share	$19.09	$19.96	$20.87	$21.04	$15.77	$16.67	$16.72	$17.16	$18.97	$17.42
Tangible Book Value per Share	$18.14	$18.92	$19.81	$19.92	$14.61	$15.45	$15.25	$15.92	$17.46	$15.98
Total Capital	21,435	23,152	24,121	21,068	16,783	16,013	15,672	12,594	10,765	9,569
Total Debt	14,241	16,129	16,922	14,419	11,920	10,876	10,772	8,015	6,205	5,398
Total Long-Term Debt	14,146	16,027	16,831	14,405	11,879	10,876	10,757	8,015	6,201	5,392
Net Debt	13,687	15,817	16,540	14,097	11,198	10,302	10,284	7,597	5,554	5,006
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-61	-175	-53	-152	-283	-397	-266	-2.08	-237	-260
Net Nonoperating Obligations (NNO)	14,241	16,129	16,922	14,419	11,920	10,876	10,772	8,015	6,205	5,398
Total Depreciation and Amortization (D&A)	100	106	98	121	129	145	155	117	83	38
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.10	$1.07	$2.80	$1.54	$1.16	$1.81	$1.44	$1.53	$1.52	$1.92
Adjusted Weighted Average Basic Shares Outstanding	337.42M	313.38M	310.65M	304.83M	285.45M	282.61M	279.28M	261.38M	259.28M	237.03M
Adjusted Diluted Earnings per Share	$1.10	$1.07	$2.74	$1.52	$1.16	$1.79	$1.42	$1.52	$1.50	$1.91
Adjusted Weighted Average Diluted Shares Outstanding	337.42M	313.38M	310.65M	304.83M	285.45M	282.61M	279.28M	261.38M	259.28M	237.03M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	337.42M	313.38M	310.65M	304.83M	285.45M	282.61M	279.28M	261.38M	259.28M	237.03M
Normalized Net Operating Profit after Tax (NOPAT)	319	170	663	341	81	141	153	414	144	205
Normalized NOPAT Margin	13.75%	7.27%	29.87%	38.34%	12.97%	21.25%	21.28%	46.95%	25.96%	38.48%
Pre Tax Income Margin	17.48%	17.83%	44.93%	56.30%	61.62%	82.76%	59.27%	50.40%	67.89%	88.01%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.78	0.21	0.28	0.37	1.49	0.58	0.99
NOPAT to Interest Expense	0.00	0.00	0.00	0.76	0.20	0.28	0.35	1.39	0.57	0.95
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.78	0.21	0.28	0.37	1.49	0.58	0.99
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.76	0.20	0.28	0.35	1.39	0.57	0.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	147.57%	103.20%	47.03%	88.11%	127.56%	91.78%	163.93%	99.15%	109.09%	91.14%
Augmented Payout Ratio	147.57%	103.20%	47.03%	88.11%	136.80%	91.78%	166.88%	99.15%	114.45%	101.92%

This table displays calculated financial ratios and metrics derived from Starwood Property Trust's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-28.09%	10.30%	-8.68%	-26.83%	89.00%	-20.86%	81.27%	86.03%	-59.58%	354.07%	24.32%
EBITDA Growth	-34.19%	159.79%	-115.57%	-52.91%	352.52%	-70.63%	-87.43%	-33.14%	-87.06%	136.67%	34.45%
EBIT Growth	-39.79%	280.66%	-2,210.76%	-59.60%	1,141.90%	-80.58%	-100.74%	-36.62%	-95.60%	192.60%	50.39%
NOPAT Growth	-41.24%	377.18%	-1,470.67%	-66.27%	951.20%	-84.92%	-100.74%	-36.46%	-94.93%	219.26%	102.54%
Net Income Growth	-27.37%	-16.33%	40.47%	-65.05%	167.50%	-49.98%	-77.05%	-21.06%	-84.45%	64.23%	59.33%
EPS Growth	-31.25%	-31.82%	53.33%	-55.56%	200.00%	-50.00%	-75.41%	-19.40%	-84.31%	46.67%	38.64%
Operating Cash Flow Growth	326.93%	2,393.50%	-32.15%	-71.81%	295.91%	101.88%	123.45%	-64.41%	-118.50%	-19.46%	121.27%
Free Cash Flow Firm Growth	-95.38%	86.25%	1,031.97%	-23.98%	159.13%	134.94%	94.18%	128.19%	-18.80%	32.36%	48.80%
Invested Capital Growth	-0.03%	-7.42%	-5.09%	-8.26%	-8.00%	-4.02%	0.53%	-9.43%	17.17%	14.49%	11.35%
Revenue Q/Q Growth	-50.96%	105.35%	-17.01%	85.82%	625.91%	70.01%	-33.51%	379.98%	-51.70%	289.39%	-31.76%
EBITDA Q/Q Growth	-27.61%	4,308.11%	-103.67%	-41.17%	-6.51%	152.21%	-88.89%	465.33%	-83.04%	7.93%	-40.92%
EBIT Q/Q Growth	-32.52%	569.28%	-136.87%	-48.43%	-6.42%	2,948.73%	-100.64%	1,485.23%	-93.98%	7.99%	-44.49%
NOPAT Q/Q Growth	-36.58%	653.65%	-138.79%	-56.86%	12.97%	1,922.35%	-100.83%	1,244.69%	-93.34%	-10.58%	-28.47%
Net Income Q/Q Growth	63.93%	-1.87%	-7.15%	-51.38%	88.87%	64.74%	-76.90%	272.11%	-64.68%	-24.41%	-20.54%
EPS Q/Q Growth	120.00%	-34.78%	-4.17%	-50.00%	118.18%	46.67%	-72.22%	237.50%	-63.64%	-27.87%	-8.96%
Operating Cash Flow Q/Q Growth	-19.19%	22.24%	354.01%	-4.81%	371.98%	-96.67%	88.65%	761.51%	95.47%	-495.63%	-69.96%
Free Cash Flow Firm Q/Q Growth	-94.78%	60.88%	-43.29%	-3.12%	90.60%	905.02%	-104.63%	175.36%	-25.44%	-34.05%	77.59%
Invested Capital Q/Q Growth	4.58%	-2.63%	0.48%	-2.30%	-3.15%	-0.18%	-2.87%	-2.03%	1.05%	4.55%	-12.49%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	24.58%	16.65%	-0.81%	18.36%	58.01%	7.07%	4.77%	28.54%	24.23%	19.05%	68.74%
EBIT Margin	19.40%	14.10%	-6.17%	13.89%	50.04%	4.09%	-0.24%	25.15%	7.62%	16.65%	60.05%
Profit (Net Income) Margin	24.35%	7.29%	15.25%	13.63%	52.08%	9.60%	9.91%	28.53%	36.80%	15.20%	78.28%
Tax Burden Percent	96.86%	103.06%	87.35%	83.04%	99.25%	82.21%	128.51%	99.46%	117.26%	107.99%	127.85%
Interest Burden Percent	129.60%	50.14%	-282.86%	118.16%	104.85%	285.92%	-3,162.82%	114.02%	412.05%	84.49%	101.96%
Effective Tax Rate	3.14%	-3.06%	12.65%	16.96%	0.75%	17.79%	-28.51%	0.54%	-17.26%	-7.99%	-27.85%
Return on Invested Capital (ROIC)	1.79%	1.51%	-0.22%	0.49%	2.50%	0.33%	-0.02%	1.56%	0.48%	1.73%	4.74%
ROIC Less NNEP Spread (ROIC-NNEP)	1.96%	1.05%	0.41%	0.56%	2.55%	0.67%	0.31%	1.71%	0.77%	1.56%	4.77%
Return on Net Nonoperating Assets (RNNOA)	4.24%	2.24%	0.89%	1.26%	5.87%	1.55%	0.69%	4.30%	1.70%	3.53%	12.61%
Return on Equity (ROE)	6.03%	3.76%	0.67%	1.75%	8.37%	1.88%	0.66%	5.86%	2.18%	5.26%	17.35%
Cash Return on Invested Capital (CROIC)	1.18%	9.14%	6.68%	10.24%	10.49%	5.13%	1.36%	12.47%	-12.42%	-9.06%	-6.77%
Operating Return on Assets (OROA)	0.65%	0.50%	-0.08%	0.20%	0.82%	0.13%	-0.01%	0.50%	0.12%	0.45%	1.00%
Return on Assets (ROA)	0.81%	0.26%	0.21%	0.19%	0.86%	0.30%	0.24%	0.57%	0.56%	0.41%	1.31%
Return on Common Equity (ROCE)	5.38%	3.35%	0.60%	1.56%	7.48%	1.68%	0.60%	5.25%	1.97%	4.76%	15.80%
Return on Equity Simple (ROE_SIMPLE)	5.26%	0.00%	6.03%	6.01%	8.26%	0.00%	7.95%	10.53%	11.51%	0.00%	15.40%
Net Operating Profit after Tax (NOPAT)	90	141	-26	66	152	30	-1.62	195	15	196	220
NOPAT Margin	18.79%	14.53%	-5.39%	11.53%	49.67%	3.36%	-0.31%	25.02%	8.93%	17.63%	76.78%
Net Nonoperating Expense Percent (NNEP)	-0.17%	0.46%	-0.63%	-0.08%	-0.05%	-0.33%	-0.33%	-0.15%	-0.29%	0.17%	-0.03%
SG&A Expenses to Revenue	3.11%	1.41%	2.56%	2.12%	3.37%	1.13%	2.27%	1.47%	7.18%	1.08%	4.27%
Operating Expenses to Revenue	80.60%	85.90%	106.17%	86.11%	49.96%	95.91%	100.24%	74.85%	92.38%	83.35%	39.95%
Earnings before Interest and Taxes (EBIT)	92	137	-29	79	154	36	-1.26	196	12	185	172
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	117	162	-3.85	105	178	62	25	222	39	212	197
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.04	0.99	0.99	0.96	0.99	0.95	0.87	0.86	0.76	0.72	0.73
Price to Tangible Book Value (P/TBV)	1.10	1.04	1.04	1.01	1.04	1.01	0.92	0.90	0.80	0.76	0.77
Price to Revenue (P/Rev)	3.12	2.75	6.99	6.18	5.27	2.55	3.06	3.52	4.04	2.10	3.50
Price to Earnings (P/E)	20.99	17.75	17.02	17.07	14.06	17.60	13.48	9.90	8.13	5.34	5.75
Dividend Yield	9.71%	10.13%	9.42%	10.14%	9.69%	10.08%	10.91%	10.90%	12.25%	12.77%	12.56%
Earnings Yield	4.76%	5.63%	5.88%	5.86%	7.11%	5.68%	7.42%	10.10%	12.30%	18.72%	17.40%
Enterprise Value to Invested Capital (EV/IC)	0.98	0.97	0.97	0.97	0.98	0.97	0.95	0.94	0.92	0.91	0.91
Enterprise Value to Revenue (EV/Rev)	10.29	8.97	23.18	21.92	18.59	9.63	12.22	14.39	18.55	9.88	15.45
Enterprise Value to EBITDA (EV/EBITDA)	57.87	47.26	45.62	42.65	35.58	64.67	42.32	32.60	27.89	20.98	22.64
Enterprise Value to EBIT (EV/EBIT)	78.65	61.15	58.23	53.67	42.74	92.76	53.20	38.44	31.95	23.15	25.32
Enterprise Value to NOPAT (EV/NOPAT)	85.19	65.24	65.00	57.12	43.50	92.61	50.31	34.74	29.15	21.81	24.03
Enterprise Value to Operating Cash Flow (EV/OCF)	26.51	32.22	59.02	44.48	35.73	42.68	0.00	0.00	724.72	102.61	66.01
Enterprise Value to Free Cash Flow (EV/FCFF)	82.79	10.23	14.18	9.06	8.93	18.61	69.92	7.18	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.13	1.98	2.02	2.14	2.19	2.30	2.27	2.32	2.42	2.35	2.22
Long-Term Debt to Equity	2.12	1.97	2.01	2.13	2.17	2.28	2.26	2.31	2.41	2.34	2.21
Financial Leverage	2.16	2.14	2.14	2.23	2.31	2.32	2.24	2.52	2.22	2.26	2.65
Leverage Ratio	9.04	9.29	9.36	9.69	10.14	10.45	10.54	10.94	11.30	11.76	13.48
Compound Leverage Factor	11.72	4.66	-26.47	11.45	10.63	29.87	-333.38	12.47	46.57	9.94	13.75
Debt to Total Capital	68.07%	66.44%	66.92%	68.17%	68.60%	69.67%	69.42%	69.88%	70.80%	70.16%	68.94%
Short-Term Debt to Total Capital	0.33%	0.44%	0.54%	0.35%	0.33%	0.44%	0.37%	0.41%	0.32%	0.38%	0.36%
Long-Term Debt to Total Capital	67.75%	66.00%	66.38%	67.82%	68.27%	69.22%	69.05%	69.47%	70.48%	69.78%	68.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.35%	3.53%	3.37%	3.45%	3.42%	3.33%	3.33%	3.26%	3.01%	3.05%	3.12%
Common Equity to Total Capital	28.58%	30.03%	29.71%	28.39%	27.97%	27.00%	27.25%	26.86%	26.18%	26.79%	27.94%
Debt to EBITDA	40.16	32.30	31.38	29.99	24.99	46.24	31.05	24.17	21.55	16.19	17.23
Net Debt to EBITDA	38.34	31.05	30.29	29.11	24.25	45.35	30.22	23.51	20.89	15.82	16.73
Long-Term Debt to EBITDA	39.97	32.09	31.13	29.84	24.86	45.95	30.88	24.03	21.45	16.10	17.14
Debt to NOPAT	59.12	44.60	44.71	40.16	30.55	66.22	36.91	25.75	22.53	16.83	18.30
Net Debt to NOPAT	56.43	42.86	43.16	38.99	29.65	64.94	35.92	25.05	21.84	16.45	17.77
Long-Term Debt to NOPAT	58.83	44.30	44.35	39.96	30.40	65.80	36.71	25.60	22.43	16.73	18.20
Noncontrolling Interest Sharing Ratio	10.70%	10.75%	10.54%	10.83%	10.61%	10.60%	10.46%	10.37%	9.73%	9.48%	8.98%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	97	1,859	1,156	2,038	2,103	998	-124	2,680	-3,557	-2,857	-2,131
Operating Cash Flow to CapEx	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	5.91	0.00	0.00	0.00	-10.61	0.00	-9.58
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.16	0.00	0.00	0.00	-0.09	0.00	0.72
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.16	0.00	0.00	0.00	-0.09	0.00	0.72
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.04	0.01	0.01	0.02	0.03	0.02	0.02	0.02	0.03	0.02
Fixed Asset Turnover	1.74	1.92	0.71	0.73	0.95	1.88	1.37	1.17	0.94	1.70	0.78
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	22,415	21,435	22,013	21,907	22,423	23,152	23,194	23,879	24,374	24,121	23,071
Invested Capital Turnover	0.10	0.10	0.04	0.04	0.05	0.10	0.08	0.06	0.05	0.10	0.06
Increase / (Decrease) in Invested Capital	-7.49	-1,718	-1,181	-1,972	-1,951	-969	122	-2,485	3,571	3,053	2,351
Enterprise Value (EV)	21,988	20,833	21,417	21,237	21,906	22,558	21,946	22,509	22,328	21,933	20,892
Market Capitalization	6,671	6,389	6,454	5,984	6,208	5,969	5,505	5,499	4,868	4,656	4,729
Book Value per Share	$18.98	$19.09	$20.65	$19.68	$19.85	$19.96	$20.21	$20.55	$20.54	$20.87	$20.85
Tangible Book Value per Share	$18.04	$18.14	$19.64	$18.66	$18.83	$18.92	$19.17	$19.50	$19.49	$19.81	$19.77
Total Capital	22,415	21,435	22,013	21,907	22,423	23,152	23,194	23,879	24,374	24,121	23,071
Total Debt	15,259	14,241	14,730	14,933	15,383	16,129	16,100	16,686	17,257	16,922	15,906
Total Long-Term Debt	15,186	14,146	14,612	14,857	15,308	16,027	16,014	16,589	17,178	16,831	15,823
Net Debt	14,566	13,687	14,220	14,498	14,930	15,817	15,669	16,232	16,725	16,540	15,444
Capital Expenditures (CapEx)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Nonoperating Expense (NNE)	-27	70	-98	-12	-7.40	-55	-53	-27	-45	27	-4.29
Net Nonoperating Obligations (NNO)	15,259	14,241	14,730	14,933	15,383	16,129	16,100	16,686	17,257	16,922	15,906
Total Depreciation and Amortization (D&A)	25	25	25	26	24	26	26	26	27	27	25
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.33	$0.14	$0.23	$0.24	$0.49	$0.22	$0.15	$0.54	$0.16	$0.46	$0.62
Adjusted Weighted Average Basic Shares Outstanding	339.45M	337.42M	337.16M	316.70M	315.96M	313.38M	313.23M	312.78M	312.09M	310.65M	309.58M
Adjusted Diluted Earnings per Share	$0.33	$0.15	$0.23	$0.24	$0.48	$0.22	$0.15	$0.54	$0.16	$0.44	$0.61
Adjusted Weighted Average Diluted Shares Outstanding	339.45M	337.42M	337.16M	316.70M	315.96M	313.38M	313.23M	312.78M	312.09M	310.65M	309.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	339.45M	337.42M	337.16M	316.70M	315.96M	313.38M	313.23M	312.78M	312.09M	310.65M	309.58M
Normalized Net Operating Profit after Tax (NOPAT)	90	96	-26	66	152	30	-0.88	195	8.66	127	121
Normalized NOPAT Margin	18.79%	9.87%	-5.39%	11.53%	49.67%	3.36%	-0.17%	25.02%	5.33%	11.43%	42.33%
Pre Tax Income Margin	25.14%	7.07%	17.45%	16.41%	52.47%	11.68%	7.71%	28.68%	31.38%	14.07%	61.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.43	0.00	0.00	0.00	0.04	0.00	0.77
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.43	0.00	0.00	0.00	0.04	0.00	0.99
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.43	0.00	0.00	0.00	0.04	0.00	0.77
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.43	0.00	0.00	0.00	0.04	0.00	0.99
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	152.76%	147.57%	113.68%	120.10%	83.82%	103.20%	102.69%	74.95%	69.13%	47.03%	48.44%
Augmented Payout Ratio	152.76%	147.57%	113.68%	120.10%	83.82%	103.20%	102.69%	74.95%	69.13%	47.03%	48.44%

Frequently Asked Questions About Starwood Property Trust's Financials

When does Starwood Property Trust's financial year end?

According to the most recent income statement we have on file, Starwood Property Trust's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Starwood Property Trust's net income changed over the last 9 years?

Starwood Property Trust's net income appears to be on an upward trend, with a most recent value of $380.58 million in 2024, falling from $452.18 million in 2015. The previous period was $418.16 million in 2023. See where experts think Starwood Property Trust is headed by visiting Starwood Property Trust's forecast page.

How has Starwood Property Trust revenue changed over the last 9 years?

Over the last 9 years, Starwood Property Trust's total revenue changed from $533.33 million in 2015 to $2.32 billion in 2024, a change of 335.5%.

How much debt does Starwood Property Trust have?

Starwood Property Trust's total liabilities were at $55.36 billion at the end of 2024, a 11.4% decrease from 2023, and a 32.1% decrease since 2015.

How much cash does Starwood Property Trust have?

In the past 9 years, Starwood Property Trust's cash and equivalents has ranged from $194.66 million in 2023 to $615.52 million in 2016, and is currently $377.83 million as of their latest financial filing in 2024.

How has Starwood Property Trust's book value per share changed over the last 9 years?

Over the last 9 years, Starwood Property Trust's book value per share changed from 17.42 in 2015 to 19.09 in 2024, a change of 9.6%.

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This page (NYSE:STWD) was last updated on 5/27/2025 by MarketBeat.com Staff

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Starwood Property Trust (STWD) Financials

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Starwood Property Trust (STWD) Financials

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