0001465128FALSE00014651282024-08-062024-08-06

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 6, 2024

Starwood Property Trust, Inc.
(Exact name of registrant as specified in its charter)

Maryland001-3443627-0247747
(State or other jurisdiction
of incorporation)
 
(Commission
File Number)
 
(IRS Employer
Identification No.)

591 West Putnam Avenue
Greenwich, CT
 06830
(Address of principal (Zip Code)
executive offices)  
Registrant’s telephone number,
including area code:
(203) 422-7700

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common stock, $0.01 par value per shareSTWDNew York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐


Item 2.02. Results of Operations and Financial Condition.

On August 6, 2024, Starwood Property Trust, Inc. issued a press release announcing its financial results for the quarter ended June 30, 2024. A copy of the press release is attached as Exhibit 99.1 hereto and incorporated herein by reference.
 
Item 9.01. Financial Statements and Exhibits.

(d)    Exhibits

Exhibit
Number

Description
99.1
104Cover Page Interactive Data File (embedded within the Inline XBRL document)



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EXHIBIT INDEX

Exhibit
Number
Description
99.1



3


SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: August 6, 2024
STARWOOD PROPERTY TRUST, INC.
 By:
/s/ RINA PANIRY
 Name:Rina Paniry
 Title:Chief Financial Officer, Treasurer, Chief Accounting Officer and Principal Financial Officer

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image_0.jpg
Exhibit 99.1
For Immediate Release
Starwood Property Trust Reports Results for
Quarter Ended June 30, 2024
– Quarterly GAAP Earnings of $0.24 and Distributable Earnings (DE) of $0.48 per Diluted Share –
– Paid Dividend of $0.48 per Share and Declared $0.48 Dividend for each of the next Two Quarters –
– Received Repayments of $0.9 Billion in the Quarter –
– Repriced our $591.0 Million Term Loan B, Reducing Spread by 50 bps to S+275 –
– Received 8th Nareit Gold Investor CARE (Communications & Reporting Excellence) Award –
– LNR’s Commercial Special Servicer Rating of CSS1 (Highest Rating Possible) Reaffirmed by Fitch –

GREENWICH, Conn., August 6, 2024 /PRNewswire/ -- Starwood Property Trust, Inc. (NYSE: STWD) today announced operating results for the fiscal quarter ended June 30, 2024. The Company’s second quarter 2024 GAAP net income was $77.9 million, inclusive of a $42.7 million credit loss provision, and Distributable Earnings (a non-GAAP financial measure) was $157.8 million.

“We strategically diversified Starwood Property Trust into investment cylinders other than commercial lending as we saw risk and reward shift. Today, more than 40% of our assets are outside of our commercial lending book. This diversification, along with our low leverage ratios, have allowed us to outperform in what has been a tough correction for real estate. We think the roughest patch for the property sector globally is behind us, and the U.S. and Europe will be moving into an easing cycle.

We have delivered a consistent dividend and a greater than 10% annualized return since our inception 15 years ago. While some businesses slow, others have accelerated. Our special servicing team now has nearly $10 billion of assignments, up 40% from the beginning of the year. Our conduit had a superb first half of the year and our property book, concentrated in affordable housing, continues to exhibit meaningful and continued rental growth,” commented Barry Sternlicht, Chairman and CEO of Starwood Property Trust.

“In addition to the benefits of diversification, we remain well positioned with over $4.00 per share of embedded gains in our owned property portfolio, $1.2 billion of liquidity and $4.5 billion of unencumbered assets. Our liquidity and access to capital has uniquely allowed us to continue to invest across our businesses in every quarter since inception. This consistency and stability of our diversified portfolio provided our Board the confidence to declare our $0.48 per share quarterly dividend for the remainder of 2024,” added Jeffrey DiModica, President of Starwood Property Trust.

“In the quarter, we were awarded our 8th Nareit gold award in the last ten years. The award is granted to the mortgage REIT that exemplifies excellence in investor reporting and communications, further demonstrating our long-term commitment to our stakeholders,” added Zachary Tanenbaum, Head of Investor Relations.




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Supplemental Schedules
The Company has published supplemental earnings schedules on its website in order to provide additional disclosure and financial information for the benefit of the Company’s stakeholders. Specifically, these materials can be found on the Company’s website in the Investor Relations section under “Quarterly Results” at www.starwoodpropertytrust.com.
Webcast and Conference Call Information
The Company will host a live webcast and conference call on Tuesday, August 6, 2024, at 10:00 a.m. Eastern Time. To listen to a live broadcast, access the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. The webcast is available at www.starwoodpropertytrust.com in the Investor Relations section of the website. The Company encourages use of the webcast due to potential extended wait times to access the conference call via dial-in. 
To Participate via Telephone Conference Call:
Dial in at least 15 minutes prior to start time.
Domestic: 1-877-407-9039
International: 1-201-689-8470
Conference Call Playback:
Domestic: 1-844-512-2921
International: 1-412-317-6671
Passcode: 13742860
The playback can be accessed through August 20, 2024.
About Starwood Property Trust, Inc.
Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. As of June 30, 2024, the Company has successfully deployed over $98 billion of capital since inception and manages a portfolio of $26 billion across debt and equity investments. Starwood Property Trust’s investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets. Additional information can be found at www.starwoodpropertytrust.com.
Forward-Looking Statements
Statements in this press release which are not historical fact may be deemed forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  Forward-looking statements are developed by combining currently available information with our beliefs and assumptions and are generally identified by the words “believe,” “expect,” “anticipate” and other similar expressions.  Although Starwood Property Trust, Inc. believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained.  Factors that could cause actual results to differ materially from the Company’s expectations include, but are not limited to, completion of pending investments and financings, continued ability to acquire additional investments, competition within the finance and real estate industries, availability of financing, and other risks detailed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as well as other risks and uncertainties set forth from time to time in the Company’s reports filed with the SEC, including its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024.

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In light of these risks and uncertainties, there can be no assurances that the results referred to in the forward-looking statements contained herein will in fact occur. Except to the extent required by applicable law or regulation, we undertake no obligation to, and expressly disclaim any such obligation to, update or revise any forward-looking statements to reflect changed assumptions, the occurrence of anticipated or unanticipated events, changes to future results over time or otherwise.


Additional information can be found on the Company’s website at www.starwoodpropertytrust.com.

Contact:
Zachary Tanenbaum
Starwood Property Trust
Phone: 203-422-7788
Email: ztanenbaum@starwood.com
3


Starwood Property Trust, Inc. and Subsidiaries
Condensed Consolidated Statement of Operations by Segment
For the three months ended June 30, 2024
(Amounts in thousands)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Revenues:
Interest income from loans$358,749 $64,218 $— $4,465 $— $427,432 $— $427,432 
Interest income from investment securities29,373 130 — 24,637 — 54,140 (37,140)17,000 
Servicing fees124 — — 20,025 — 20,149 (4,116)16,033 
Rental income3,987 — 15,736 5,736 — 25,459 — 25,459 
Other revenues1,323 888 235 750 706 3,902 — 3,902 
Total revenues393,556 65,236 15,971 55,613 706 531,082 (41,256)489,826 
Costs and expenses:
Management fees192 — — — 30,325 30,517 — 30,517 
Interest expense216,511 37,875 11,652 8,475 70,084 344,597 (208)344,389 
General and administrative17,745 4,230 1,202 23,691 4,214 51,082 — 51,082 
Costs of rental operations3,412 — 5,545 3,113 — 12,070 — 12,070 
Depreciation and amortization2,136 15 5,926 1,795 252 10,124 — 10,124 
Credit loss provision (reversal), net42,995 (286)— — — 42,709 — 42,709 
Other expense26 — 35 224 — 285 — 285 
Total costs and expenses283,017 41,834 24,360 37,298 104,875 491,384 (208)491,176 
Other income (loss):
Change in net assets related to consolidated VIEs— — — — — — 17,180 17,180 
Change in fair value of servicing rights— — — 885 — 885 10 895 
Change in fair value of investment securities, net(274)— — (23,710)— (23,984)24,351 367 
Change in fair value of mortgage loans, net47,711 — — 16,710 — 64,421 — 64,421 
Income from affordable housing fund investments— — 6,446 — — 6,446 — 6,446 
Earnings (loss) from unconsolidated entities1,671 (58)— 550 — 2,163 (493)1,670 
Gain (loss) on derivative financial instruments, net9,120 41 267 709 (9,151)986 — 986 
Foreign currency gain, net6,858 17 10 — — 6,885 — 6,885 
Loss on extinguishment of debt— (60)(1,045)— — (1,105)— (1,105)
Other loss, net(2,515)— (277)— — (2,792)— (2,792)
Total other income (loss)62,571 (60)5,401 (4,856)(9,151)53,905 41,048 94,953 
Income (loss) before income taxes173,110 23,342 (2,988)13,459 (113,320)93,603 — 93,603 
Income tax (provision) benefit(10,787)130 — (5,221)— (15,878)— (15,878)
Net income (loss)162,323 23,472 (2,988)8,238 (113,320)77,725 — 77,725 
Net (income) loss attributable to non-controlling interests(4)— (5,637)5,806 — 165 — 165 
Net income (loss) attributable to Starwood Property Trust, Inc.$162,319 $23,472 $(8,625)$14,044 $(113,320)$77,890 $— $77,890 
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Definition of Distributable Earnings
Distributable Earnings, a non-GAAP financial measure, is used to compute the Company’s incentive fees to its external manager and is an appropriate supplemental disclosure for a mortgage REIT. For the Company’s purposes, Distributable Earnings is defined as GAAP net income (loss) excluding non-cash equity compensation expense, the incentive fee due to the Company’s external manager, acquisition costs for successful acquisitions, depreciation and amortization of real estate and associated intangibles, any unrealized gains, losses or other non-cash items recorded in net income (loss) for the period and, to the extent deducted from net income (loss), distributions payable with respect to equity securities of subsidiaries issued in exchange for properties or interests therein. The amount is adjusted to exclude one-time events pursuant to changes in GAAP and certain other non-cash adjustments as determined by the Company’s external manager and approved by a majority of the Company’s independent directors. Refer to the Company's Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 for additional information regarding Distributable Earnings.
Reconciliation of Net Income to Distributable Earnings
For the three months ended June 30, 2024
(Amounts in thousands except per share data)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateTotal
Net income (loss) attributable to Starwood Property Trust, Inc.$162,319 $23,472 $(8,625)$14,044 $(113,320)$77,890 
Add / (Deduct):
Non-controlling interests attributable to Woodstar II Class A Units— — 4,660 — — 4,660 
Non-controlling interests attributable to unrealized gains/losses— — (2,285)(9,470)— (11,755)
Non-cash equity compensation expense2,538 508 99 1,576 5,947 10,668 
Management incentive fee— — — — 3,510 3,510 
Depreciation and amortization2,285 5 6,012 1,888 — 10,190 
Interest income adjustment for securities5,367 — — 7,256 — 12,623 
Consolidated income tax provision (benefit) associated with fair value adjustments10,787 (130)— 5,221 — 15,878 
Other non-cash items4 — 278 (390)(9)(117)
Reversal of GAAP unrealized and realized (gains) / losses on:
Loans(47,711)— — (16,710)— (64,421)
Credit loss provision (reversal), net42,995 (286)— — — 42,709 
Securities274 — — 23,710 — 23,984 
Woodstar Fund investments— — (6,446)— — (6,446)
Derivatives(9,120)(41)(267)(709)9,151 (986)
Foreign currency(6,858)(17)(10)— — (6,885)
(Earnings) loss from unconsolidated entities(1,671)58 — (550)— (2,163)
Recognition of Distributable realized gains / (losses) on:
Loans (1,003)— — 15,778 — 14,775 
Securities (298)— — (5,913)— (6,211)
Woodstar Fund investments— — 17,593 — — 17,593 
Derivatives30,351 89 3,006 1,020 (11,176)23,290 
Foreign currency (3,074)3 10 — — (3,061)
Earnings (loss) from unconsolidated entities1,670 (13)— 370 — 2,027 
Distributable Earnings (Loss)$188,855 $23,648 $14,025 $37,121 $(105,897)$157,752 
Distributable Earnings (Loss) per Weighted Average Diluted Share$0.58 $0.07 $0.04 $0.11 $(0.32)$0.48 
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Starwood Property Trust, Inc. and Subsidiaries
Condensed Consolidated Statement of Operations by Segment
For the six months ended June 30, 2024
(Amounts in thousands)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Revenues:
Interest income from loans$753,221 $130,616 $— $7,087 $— $890,924 $— $890,924 
Interest income from investment securities60,778 268 — 45,781 — 106,827 (71,621)35,206 
Servicing fees252 — — 33,064 — 33,316 (7,594)25,722 
Rental income7,552 — 36,511 10,243 — 54,306 — 54,306 
Other revenues2,306 1,280 362 1,498 1,310 6,756 — 6,756 
Total revenues824,109 132,164 36,873 97,673 1,310 1,092,129 (79,215)1,012,914 
Costs and expenses:
Management fees384 — — — 76,147 76,531 — 76,531 
Interest expense452,660 76,848 24,950 16,792 129,513 700,763 (418)700,345 
General and administrative34,573 10,185 2,465 47,158 7,364 101,745 — 101,745 
Costs of rental operations5,437 — 11,252 5,725 — 22,414 — 22,414 
Depreciation and amortization4,085 29 11,781 3,544 503 19,942 — 19,942 
Credit loss provision, net77,972 576 — — — 78,548 — 78,548 
Other expense756 — 35 168 — 959 — 959 
Total costs and expenses575,867 87,638 50,483 73,387 213,527 1,000,902 (418)1,000,484 
Other income (loss):
Change in net assets related to consolidated VIEs— — — — — — 27,266 27,266 
Change in fair value of servicing rights— — — (2,496)— (2,496)3,619 1,123 
Change in fair value of investment securities, net(7,265)— — (40,168)— (47,433)48,715 1,282 
Change in fair value of mortgage loans, net7,034 — — 28,374 — 35,408 — 35,408 
Income from affordable housing fund investments— — 15,894 — — 15,894 — 15,894 
Earnings (loss) from unconsolidated entities9,016 269 — 863 — 10,148 (803)9,345 
(Loss) gain on sale of investments and other assets, net(41)— 92,003 — — 91,962 — 91,962 
Gain (loss) on derivative financial instruments, net120,072 163 1,988 3,721 (23,019)102,925 — 102,925 
Foreign currency (loss) gain, net(34,960)(67)42 — — (34,985)— (34,985)
Gain (loss) on extinguishment of debt315 (620)(2,254)— — (2,559)— (2,559)
Other (loss) income, net(5,191)40 (277)6 — (5,422)— (5,422)
Total other income (loss)88,980 (215)107,396 (9,700)(23,019)163,442 78,797 242,239 
Income (loss) before income taxes337,222 44,311 93,786 14,586 (235,236)254,669 — 254,669 
Income tax (provision) benefit(11,508)258 — (5,834)— (17,084)— (17,084)
Net income (loss)325,714 44,569 93,786 8,752 (235,236)237,585 — 237,585 
Net (income) loss attributable to non-controlling interests(7)— (11,862)6,506 — (5,363)— (5,363)
Net income (loss) attributable to Starwood Property Trust, Inc.$325,707 $44,569 $81,924 $15,258 $(235,236)$232,222 $— $232,222 
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Reconciliation of Net Income to Distributable Earnings
For the six months ended June 30, 2024
(Amounts in thousands except per share data)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateTotal
Net income (loss) attributable to Starwood Property Trust, Inc.$325,707 $44,569 $81,924 $15,258 $(235,236)$232,222 
Add / (Deduct):
Non-controlling interests attributable to Woodstar II Class A Units— — 9,319 — — 9,319 
Non-controlling interests attributable to unrealized gains/losses— — (3,963)(11,523)— (15,486)
Non-cash equity compensation expense4,738 964 185 3,173 11,654 20,714 
Management incentive fee— — — — 22,593 22,593 
Depreciation and amortization4,384 10 11,951 3,731 — 20,076 
Interest income adjustment for securities10,948 — — 17,261 — 28,209 
Consolidated income tax provision (benefit} associated with fair value adjustments
11,508 (258)— 5,834 — 17,084 
Other non-cash items7 — 552 (352)— 207 
Reversal of GAAP unrealized and realized (gains) / losses on:
Loans(7,034)— — (28,374)— (35,408)
Credit loss provision, net77,972 576 — — — 78,548 
Securities7,265 — — 40,168 — 47,433 
Woodstar Fund investments— — (15,894)— — (15,894)
Derivatives(120,072)(163)(1,988)(3,721)23,019 (102,925)
Foreign currency34,960 67 (42)— — 34,985 
Earnings from unconsolidated entities(9,016)(269)— (863)— (10,148)
Sales of properties— — (92,003)— — (92,003)
Recognition of Distributable realized gains / (losses) on:
Loans(3,398)— — 27,420 — 24,022 
Realized credit loss— (1,546)— — — (1,546)
Securities(9,292)— — (37,895)— (47,187)
Woodstar Fund investments— — 35,203 — — 35,203 
Derivatives71,085 184 8,823 5,373 (20,325)65,140 
Foreign currency(8,675)(12)42 — — (8,645)
Earnings (loss) from unconsolidated entities2,994 (29)— 683 — 3,648 
Sales of properties— — 39,150 — — 39,150 
Distributable Earnings (Loss)$394,081 $44,093 $73,259 $36,173 $(198,295)$349,311 
Distributable Earnings (Loss) per Weighted Average Diluted Share$1.21 $0.14 $0.22 $0.11 $(0.61)$1.07 
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Starwood Property Trust, Inc. and Subsidiaries
Condensed Consolidated Balance Sheet by Segment
As of June 30, 2024
(Amounts in thousands)
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Assets:
Cash and cash equivalents$8,935 $134,806 $28,757 $8,919 $77,850 $259,267 $— $259,267 
Restricted cash51,957 51,855 1,049 4,634 66,940 176,435 — 176,435 
Loans held-for-investment, net13,923,013 2,371,596 — — — 16,294,609 — 16,294,609 
Loans held-for-sale2,503,967 — — 316,059 — 2,820,026 — 2,820,026 
Investment securities1,046,972 17,886 — 1,104,981 — 2,169,839 (1,504,125)665,714 
Properties, net476,004 — 662,726 67,941 — 1,206,671 — 1,206,671 
Investments of consolidated affordable housing fund— — 2,004,983 — — 2,004,983 — 2,004,983 
Investments in unconsolidated entities25,917 52,960 — 33,360 — 112,237 (14,813)97,424 
Goodwill— 119,409 — 140,437 — 259,846 — 259,846 
Intangible assets12,043 — 23,589 60,878 — 96,510 (34,246)62,264 
Derivative assets65,522 — 2,677 2,331 — 70,530 — 70,530 
Accrued interest receivable174,982 14,834 286 1,644 5,368 197,114 — 197,114 
Other assets156,597 16,571 51,189 16,160 68,610 309,127 — 309,127 
VIE assets, at fair value— — — — — — 39,665,392 39,665,392 
Total Assets$18,445,909 $2,779,917 $2,775,256 $1,757,344 $218,768 $25,977,194 $38,112,208 $64,089,402 
Liabilities and Equity
Liabilities:
Accounts payable, accrued expenses and other liabilities$160,221 $39,912 $10,643 $35,395 $98,411 $344,582 $— $344,582 
Related-party payable— — — — 27,849 27,849 — 27,849 
Dividends payable— — — — 153,422 153,422 — 153,422 
Derivative liabilities29,358 — — — 46,773 76,131 — 76,131 
Secured financing agreements, net8,861,573 809,128 478,548 640,878 1,333,278 12,123,405 (20,546)12,102,859 
Collateralized loan obligations and single asset securitization, net2,379,206 1,144,515 — — — 3,523,721 — 3,523,721 
Unsecured senior notes, net— — — — 2,754,370 2,754,370 — 2,754,370 
VIE liabilities, at fair value— — — — — — 38,132,695 38,132,695 
Total Liabilities11,430,358 1,993,555 489,191 676,273 4,414,103 19,003,480 38,112,149 57,115,629 
Temporary Equity: Redeemable non-controlling interests
— — 414,095 — — 414,095 — 414,095 
Permanent Equity:
Starwood Property Trust, Inc. Stockholders’ Equity:
Common stock— — — — 3,241 3,241 — 3,241 
Additional paid-in capital1,160,903 569,115 (391,738)(624,371)5,192,744 5,906,653 — 5,906,653 
Treasury stock— — — — (138,022)(138,022)— (138,022)
Retained earnings (accumulated deficit)5,840,613 217,247 2,056,463 1,571,657 (9,253,298)432,682 — 432,682 
Accumulated other comprehensive income13,920 — — — — 13,920 — 13,920 
Total Starwood Property Trust, Inc. Stockholders’ Equity7,015,436 786,362 1,664,725 947,286 (4,195,335)6,218,474 — 6,218,474 
Non-controlling interests in consolidated subsidiaries115 — 207,245 133,785 — 341,145 59 341,204 
Total Permanent Equity7,015,551 786,362 1,871,970 1,081,071 (4,195,335)6,559,619 59 6,559,678 
Total Liabilities and Equity$18,445,909 $2,779,917 $2,775,256 $1,757,344 $218,768 $25,977,194 $38,112,208 $64,089,402 
8

v3.24.2.u1
Cover Page
Aug. 06, 2024
Cover [Abstract]  
Document Type 8-K
Document Period End Date Aug. 06, 2024
Entity Registrant Name Starwood Property Trust, Inc.
Entity Incorporation, State or Country Code MD
Entity File Number 001-34436
Entity Tax Identification Number 27-0247747
Entity Address, Address Line One 591 West Putnam Avenue
Entity Address, City or Town Greenwich
Entity Address, State or Province CT
Entity Address, Postal Zip Code 06830
City Area Code 203
Local Phone Number 422-7700
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Title of 12(b) Security Common stock, $0.01 par value per share
Trading Symbol STWD
Security Exchange Name NYSE
Entity Emerging Growth Company false
Entity Central Index Key 0001465128
Amendment Flag false
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