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Starwood Property Trust, Inc. (STWD) stock

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NYSE: STWD NYSE Mortgage REITs Next results ~November 6, 2026

C+ Fundamentals grade

Starwood Property Trust, Inc. is a US-listed company in the mortgage REITs industry. Its financial year ends in December.

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds249 adding, 222 cuttingOf 32 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Starwood Property Trust files

Where Starwood Property Trust stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.01bn, up 11.8% on a year earlier, faster than 5.2% a quarter earlier. That growth ranks 5 of 22 among the real estate investment trusts companies we cover. The diluted share count is up 11.5% on a year earlier, which dilutes existing holders.

Our model value for Starwood Property Trust is under review, so past values are not shown until it is resolved.

Source: 10-Q filed August 6, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 6, 2026 (estimated)

Starwood Property Trust, Inc.'s trailing-twelve-month revenue grew 11.8% year on year, with a free-cash-flow margin of 48.0%. Where it stands out: revenue growth of 11.8% ranks 3 of 14 mortgage reits companies we cover. Where it lags: change in share count of 11.5% ranks 12 of 14 mortgage reits companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 49.4% while net income fell 38.4%: a 88pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 6.5 points higher than a quarter earlier.
  • Strong cash generation. 48.0% of revenue turned into free cash flow.
  • Net cash. Cash exceeds long-term debt by $0.4bn.

Things to watch

  • Results due soon. Results are expected around 9 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 11.5% in a year.
  • Short interest rising. Shares sold short rose 17% in a month to 6.4% of tradable shares.
  • Missing expectations. Earnings per share fell short of the consensus estimate in 3 of the last four quarters.

Latest results: FY2026 Q2

Filed August 6, 2026
Earnings per share
$0.40 against an average estimate of $0.40: beat by 0.0%
Revenue
$514m, up 15.6% on a year earlier
Share reaction
+1.5% in the first session after the results on August 6, 2026, against +0.5% for the S&P 500
Next report
November 6, 2026; average EPS estimate $0.30

Starwood Property Trust's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.3%
  • 1 week+1.6%
  • 1 month-3.1%
  • This year-23.3%
  • 1 year-21.6%
  • 5 years-19.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2B
Net margin
11.4%
EPS (TTM, diluted)
$0.62

Growth

Revenue growth
+11.8%
Change in growth rate
+6.5 pts
Share count change
+11.5%

Earnings

Last results
August 6, 2026
Next results (est.)
November 9, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Dividend
  2. Leadership
  3. Results
  4. Agreement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Starwood Property Trust, Inc. valuation models and calculator

No model value for Starwood Property Trust, Inc. at the moment. Current status: valuation models disagree too widely to rate. Available reported financials are shown below.

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valuation models disagree too widely to rate: held for review.

The inputs used by the models below have passed source checks. Individual model values are available below and in the interactive valuator. Their differences are shown explicitly; the platform combined value and recommendation remain withheld.

Valuation models

We value Starwood Property Trust, Inc. as a mortgage reit, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.77 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$16 ~$12–$21 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$16 ~$14–$18 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$6.3 ~$4.8–$9.2 Included
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$33 ~$28–$40 Included
Combined value Individual source-checked model scenarios are available. The platform combined value and recommendation remain withheld. — Combined value withheld. Review the individual models and their assumptions.

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Starwood Property Trust, Inc. with mortgage REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

42 /100

Weak moat

How hard Starwood Property Trust's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 5 / 20

    Net income has been a median 0.6% of total assets over 10 years.

  • Durability 16 / 20

    Operating margin has been a median 24.8%; its worst year was 14.2%.

  • Discipline 5 / 20

    The diluted share count rose 27.6% over five years; stock-based pay has been a median 6.4% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 6, 2026, before the open. Analysts expect revenue of $529m and EPS of $0.30 (range $0.25 to $0.43) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.50 −11% $2.1bn +15%
Next $1.85 +24% $2.3bn +10%

Next year's EPS estimate has moved −2.8% in 90 days, across 8 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −11.5% on 90 days ago. In the last 30 days, 0 analysts raised Starwood Property Trust, Inc.'s forecast and 6 cut it.

Consensus EPS forecast Starwood Property Trust, Inc., last 90 days
$1.40 $1.60 $1.80 $2.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $1.69 Current fiscal year, 60 days ago: $1.53 Current fiscal year, 30 days ago: $1.53 Current fiscal year, 7 days ago: $1.52 Current fiscal year, Now: $1.50 $1.50 Next fiscal year, 90 days ago: $1.91 Next fiscal year, 60 days ago: $1.89 Next fiscal year, 30 days ago: $1.89 Next fiscal year, 7 days ago: $1.89 Next fiscal year, Now: $1.85 $1.85

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $1.69$1.91
60 days ago $1.53$1.89
30 days ago $1.53$1.89
7 days ago $1.52$1.89
Now $1.50$1.85

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.40 $0.40 0.0%
Mar 2026 $0.42 $0.39 −8.1%
Dec 2025 $0.41 $0.42 +1.7%
Sept 2025 $0.44 $0.40 −9.0%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 6, 2026

No numeric guidance in Starwood Property Trust, Inc.'s latest earnings release (filed August 6, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

9 analysts, Oct 2026
Buy778%
Hold222%
Sell00%

Monthly trend

  1. Oct 20264329
  2. Sep 20264329
  3. Aug 20264329

Counts of recommendations published by analysts covering Starwood Property Trust, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
6.4%
of tradable shares
Days to cover
3.67
at average volume
Short interest, 1 month
+17%
to October 15, 2026
Held by institutions
53%
of shares
Held by insiders
5.9%
of shares
Employees
324
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months −22.0%

$16.17 on October 31, 2025 to $12.61

ThenNowEffect
Revenue (last 12 months) $1.8bn $2.0bn +11.8%
Net margin 20.6% 11.4% −44.9%
P/E multiple 14.3x 20.2x +41.0%
Share count 328m 365m −10.3%

Biggest factor: net margin.

Last 3 years −10.3%

$14.05 on November 3, 2023 to $12.61

ThenNowEffect
Revenue (last 12 months) $1.9bn $2.0bn +8.5%
Net margin 30.0% 11.4% −62.2%
P/E multiple 7.9x 20.2x +154.9%
Share count 313m 365m −14.2%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
STWD+36%−17%+27%−1%+5%−23%
Industry peers (median)+26%−22%+17%+4%+6%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
STWD42%50%50%58%58%18%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
STWD−13%−24%−23%−11%−14%−31%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 66% from February 5, 2020 to March 24, 2020. Getting back needed a 197% gain, reached on February 24, 2021, 337 days after the low.

Price behaviour

52-week range
$11.98 – $17.26
From 52-week high
−27.0%
vs 50-day average
−8.4%
vs 200-day average
−19.3%
Volatility (1 year)
19%
Beta vs S&P 500
0.33

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
8 up, 4 down
typical move ±2.6%
After a week
8 up, 4 down
typical move ±3.5%
After a month
6 up, 6 down
typical move ±3.3%
Results releasedNext dayS&P 500 next day5 days21 days
August 6, 2026 +1.5% +0.5% +0.9% −0.8%
May 8, 2026 −4.5% +1.1% −5.6% −4.9%
February 25, 2026 +2.4% +0.3% +2.4% −1.3%
November 10, 2025 −1.9% +1.8% −4.3% +0.7%
August 7, 2025 +2.5% +0.7% +2.7% +5.7%
July 16, 2025 −4.5% +0.9% −3.2% −3.4%
May 9, 2025 +3.3% +3.2% +6.5% +7.1%
February 27, 2025 +2.7% −0.1% +0.4% −0.7%
November 6, 2024 −1.1% +3.3% −1.2% +2.1%
August 6, 2024 +2.6% +0.2% +3.3% +5.7%
May 8, 2024 +2.6% +0.6% +6.5% −3.1%
February 22, 2024 +2.2% +2.1% +4.8% +4.6%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Fundamentals

Revenue (TTM) Starwood Property Trust, Inc.
$1.7B $1.8B $1.9B $2B $2.1B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2B Revenue (TTM), FY23 Q4: $2B Revenue (TTM), FY24 Q1: $2.1B Revenue (TTM), FY24 Q2: $2.1B Revenue (TTM), FY24 Q3: $2B Revenue (TTM), FY24 Q4: $1.9B Revenue (TTM), FY25 Q1: $1.8B Revenue (TTM), FY25 Q2: $1.8B Revenue (TTM), FY25 Q3: $1.8B Revenue (TTM), FY25 Q4: $1.8B Revenue (TTM), FY26 Q1: $1.9B Revenue (TTM), FY26 Q2: $2B $2B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2B
FY23 Q4 $2B
FY24 Q1 $2.1B
FY24 Q2 $2.1B
FY24 Q3 $2B
FY24 Q4 $1.9B
FY25 Q1 $1.8B
FY25 Q2 $1.8B
FY25 Q3 $1.8B
FY25 Q4 $1.8B
FY26 Q1 $1.9B
FY26 Q2 $2B
Revenue growth, TTM YoY Starwood Property Trust, Inc.
-20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 52.5% Revenue growth, TTM YoY, FY23 Q4: 40.0% Revenue growth, TTM YoY, FY24 Q1: 25.4% Revenue growth, TTM YoY, FY24 Q2: 11.1% Revenue growth, TTM YoY, FY24 Q3: 1.6% Revenue growth, TTM YoY, FY24 Q4: -5.0% Revenue growth, TTM YoY, FY25 Q1: -11.6% Revenue growth, TTM YoY, FY25 Q2: -12.7% Revenue growth, TTM YoY, FY25 Q3: -10.4% Revenue growth, TTM YoY, FY25 Q4: -5.3% Revenue growth, TTM YoY, FY26 Q1: 5.2% Revenue growth, TTM YoY, FY26 Q2: 11.8% 11.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 52.5%
FY23 Q4 40.0%
FY24 Q1 25.4%
FY24 Q2 11.1%
FY24 Q3 1.6%
FY24 Q4 -5.0%
FY25 Q1 -11.6%
FY25 Q2 -12.7%
FY25 Q3 -10.4%
FY25 Q4 -5.3%
FY26 Q1 5.2%
FY26 Q2 11.8%
Operating margin (TTM) Starwood Property Trust, Inc.
10% 15% 20% 25% 30% FY15 Q4 FY16 Q3 FY17 Q2 FY18 Q3 Operating margin (TTM), FY15 Q4: 27.1% Operating margin (TTM), FY16 Q1: 25.4% Operating margin (TTM), FY16 Q2: 24.4% Operating margin (TTM), FY16 Q3: 19.5% Operating margin (TTM), FY16 Q4: 17.0% Operating margin (TTM), FY17 Q1: 15.0% Operating margin (TTM), FY17 Q2: 14.4% Operating margin (TTM), FY17 Q3: 15.2% Operating margin (TTM), FY17 Q4: 16.4% Operating margin (TTM), FY18 Q1: 16.8% Operating margin (TTM), FY18 Q2: 13.6% Operating margin (TTM), FY18 Q3: 14.2% 14.2%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY15 Q4 27.1%
FY16 Q1 25.4%
FY16 Q2 24.4%
FY16 Q3 19.5%
FY16 Q4 17.0%
FY17 Q1 15.0%
FY17 Q2 14.4%
FY17 Q3 15.2%
FY17 Q4 16.4%
FY18 Q1 16.8%
FY18 Q2 13.6%
FY18 Q3 14.2%
FCF margin (TTM) Starwood Property Trust, Inc.
-20% 0% 20% 40% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -8.3% FCF margin (TTM), FY23 Q4: 23.4% FCF margin (TTM), FY24 Q1: 27.2% FCF margin (TTM), FY24 Q2: 21.1% FCF margin (TTM), FY24 Q3: 15.9% FCF margin (TTM), FY24 Q4: 31.1% FCF margin (TTM), FY25 Q1: 42.7% FCF margin (TTM), FY25 Q2: 35.9% FCF margin (TTM), FY25 Q3: 40.2% FCF margin (TTM), FY25 Q4: 48.7% FCF margin (TTM), FY26 Q1: 37.7% FCF margin (TTM), FY26 Q2: 48.0% 48.0%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -8.3%
FY23 Q4 23.4%
FY24 Q1 27.2%
FY24 Q2 21.1%
FY24 Q3 15.9%
FY24 Q4 31.1%
FY25 Q1 42.7%
FY25 Q2 35.9%
FY25 Q3 40.2%
FY25 Q4 48.7%
FY26 Q1 37.7%
FY26 Q2 48.0%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 0.2 0.3 0.5 0.7 0.7 0.8 0.9 1.1 1.2 1.1 1.2 1.5 2.0 1.9 1.8 2.0
EBITDA — 0.2 0.2 0.2 0.2 0.2 0.2 — — — — — — — — —
Operating income 0.1 0.2 0.2 0.2 0.2 0.1 0.1 — — — — — — — — —
Net income 0.1 0.2 0.3 0.5 0.5 0.4 0.4 0.4 0.5 0.3 0.4 0.9 0.3 0.4 0.4 0.2
Diluted EPS $1.38 $1.76 $1.82 $2.24 $1.91 $1.50 $1.52 $1.42 $1.79 $1.16 $1.52 $2.74 $1.07 $1.10 $1.15 $0.62
Growth (year on year)
Revenue — +48.8% +78.8% +27.9% +4.7% +6.6% +12.1% +26.1% +7.9% −5.0% +3.0% +25.2% +40.0% −5.0% −5.3% +11.8%
EBITDA — — +0.2% +26.6% −2.9% −12.4% +18.9% — — — — — — — — —
Operating income — +47.2% −5.0% +24.1% −8.8% −33.1% +8.3% — — — — — — — — —
Net income — +68.5% +51.6% +62.3% −9.0% −19.0% +9.7% −3.7% +32.1% −34.9% +35.0% +94.6% −61.1% +6.1% +14.3% −38.4%
Diluted EPS — +27.5% +3.4% +23.1% −14.7% −21.5% +1.3% −6.6% +26.1% −35.2% +31.0% +80.3% −60.9% +2.8% +4.5% −44.7%
Margins
EBITDA margin — 60.4% 33.9% 33.5% 31.1% 25.5% 27.1% — — — — — — — — —
Operating margin 61.0% 60.4% 32.1% 31.1% 27.1% 17.0% 16.4% — — — — — — — — —
Net margin 57.8% 65.5% 55.5% 70.4% 61.2% 46.5% 45.5% 34.8% 42.6% 29.2% 38.3% 59.5% 16.5% 18.5% 22.3% 11.4%
Free-cash-flow margin — — — — — — — — — — — — 25.8% 33.2% 5.4% —
Cash flow
Cash from operations 0.1 0.3 0.3 0.2 0.6 0.6 −0.2 0.6 −0.0 1.0 −1.0 0.2 0.5 0.6 1.0 1.1
Capital spending — — — — — — — — — — — — 0.0 0.0 0.9 —
Free cash flow — — — — — — — — — — — — 0.5 0.6 0.1 —
Stock-based pay 0.0 0.0 0.0 0.0 0.1 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 —
Free cash flow after stock pay — — — — — — — — — — — — 0.5 0.6 0.0 —
Balance sheet
Cash 0.1 0.2 0.3 0.3 0.4 0.6 0.4 0.2 0.5 0.6 0.2 0.3 0.2 0.4 0.5 0.4
Total debt 1.1 1.3 2.3 3.1 4.0 4.2 5.8 10.7 10.8 11.9 14.4 16.8 16.0 14.1 17.0 18.9
Net debt (negative = net cash) 1.0 1.1 1.9 2.9 3.6 3.5 5.4 10.4 10.4 11.3 14.2 16.6 15.8 13.8 16.5 18.5
Diluted shares 86m 114m 166m 219m 234m 242m 262m 288m 290m 282m 297m 316m 311m 321m 350m 365m
Returned to shareholders
Dividends 0.1 0.2 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.7 0.7
Buybacks 0.0 — — 0.0 0.0 0.0 — 0.0 0.0 0.0 0.0 0.0 — — — —
Total returned 0.2 0.2 0.3 0.4 0.5 0.5 0.5 0.5 0.5 0.6 0.6 0.6 0.6 0.6 0.7 0.7

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

Dividends (TTM)
$700M
Diluted share count
+11.5%
year over year
Total shareholder yield
15.0%
dividends 15.0% + buybacks 0.0% of market value
Dividend payout ratio
307%
of net income paid out

Competitors: side by side with peers

Closest by revenue in mortgage reits
Last 12 months unless stated STWD RITM ABR PMT BRSP ARI Median
Revenue, last 12 months $2.0bn $5.7bn $461m $348m $339m $238m $142m
Revenue growth, last 12 months 11.8% 17.3% −12.9% 14.6% 2.5% −14.7% −2.4%
Revenue growth, 3-year average 2.7% 14.3% −14.2% −3.0% −6.6% −11.5% −5.1%
Revenue growth, latest quarter 15.6% 58.9% −16.3% 3.6% 4.1% −37.4% 0.9%
Net margin 11.4% 8.7% −23.3% 47.8% 5.6% 55.5% 11.4%
Cash from operations / revenue 54.3% −25.0% 72.6% <−999% 21.3% 36.3% 27.9%
Free-cash-flow margin 48.0% −30.5% 66.7% — 18.0% 30.1% 24.1%
Free-cash-flow margin, 3-year average 35.0% 24.3% 73.0% — 22.7% 54.0% 35.0%
Stock pay / revenue 6.5% 0.4% 3.2% 1.4% 3.8% 5.4% 4.3%
Change in share count 11.5% 6.0% −3.8% 4.7% −2.4% −1.1% 0.5%

Median of all 15 companies we cover in mortgage reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

15 mortgage reits companies
Measure Company Peer median Rank
Revenue growth Growth 11.8% -2.4% 3 of 14
Change in growth rate Growth +6.5pp +2.3pp 4 of 14
Net margin Profitability 11.4% 11.4% 7 of 14
Change in share count Balance sheet 11.5% 0.5% 12 of 14

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Commercial and Residential Lending $1.3B ▼ 14.0%
Infrastructure Lending $277M ▲ 6.1%
Investing and Servicing Segment Property Portfolio $244M ▲ 17.0%
Property $137M ▲ 95.8%

These categories overlap or exclude eliminations, so shares aren't shown.

From Starwood Property Trust, Inc.'s 10-K filed February 25, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.1B
Institutions reporting
515
Shares held vs prior quarter
▲ 1.3%
Positions opened / closed
53 / 60

Top buyers and sellers, Q2 2026: 249 institutions bought and 222 sold ; the biggest buyer was Morgan Stanley (+1.4M shares) and the biggest seller Two Sigma Investments, LP (−1.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $589M 36.0M 19.3% ▲ 2.1%
Vanguard Capital Management LLC $258M 15.8M 8.5% ▲ 1.2%
Vanguard Portfolio Management LLC $246M 15.0M 8.1% ▼ 0.5%
State Street Corp $201M 11.9M 6.6% ▲ 0.8%
Morgan Stanley $144M 8.8M 4.7% ▲ 18.3%
Geode Capital Management, LLC $110M 6.7M 3.6% ▲ 1.6%
Ameriprise Financial Inc $81.6M 5.0M 2.7% ▼ 12.8%
Northern Trust Corp $74M 4.5M 2.4% ▼ 16.9%
Advisors Capital Management, LLC $70.1M 4.3M 2.3% ▲ 6.9%
Hightower Advisors, LLC $49.9M 3.0M 1.6% ▲ 8.8%
Raymond James Financial Inc $48M 2.9M 1.6% ▲ 11.5%
Wells Fargo & Company $44.3M 2.7M 1.5% ▼ 0.5%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Starwood Property Trust, Inc.'s complete shareholder register. Values are as reported by the filers ; 3 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $120,133 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $120,133 net selling
Insider Date Trade Shares Price Value
Dishner Jeffrey G. Director April 1, 2026 Sell 7,013 $17.13 $120,133

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 4 trades and filings

No trades in Starwood Property Trust, Inc. disclosed in the last 12 months; 4 earlier trades on record.

  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded June 17, 2025, filed August 13, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded June 11, 2025, filed August 13, 2025
  • Alan S. Lowenthal(D-CA 47):Sale (full), $1,001 - $15,000, traded June 15, 2020, filed June 25, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 9, 2026 estimated from the company's past filing pattern, not announced

  • August 6, 2026
  • May 8, 2026
  • February 25, 2026
  • November 10, 2025
  • August 7, 2025
  • July 16, 2025

Recent SEC filings

Data status

When each part of this page on Starwood Property Trust, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Starwood Property Trust, Inc. in brief

What does Starwood Property Trust, Inc. do?
Starwood Property Trust, Inc. is a US-listed company in the mortgage REITs industry. Its financial year ends in December.
What is Starwood Property Trust, Inc.'s stock ticker?
Starwood Property Trust, Inc. trades under the ticker STWD on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Starwood Property Trust, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Starwood Property Trust, Inc. reported revenue of $2B, 11.8% higher than a year earlier, according to its SEC filings.
What is Starwood Property Trust, Inc.'s free cash flow?
Starwood Property Trust, Inc.'s free-cash-flow margin is 48.0% of revenue over the trailing twelve months.
Who are Starwood Property Trust, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Starwood Property Trust, Inc.'s market cap?
On November 2, 2026, Starwood Property Trust, Inc.'s market capitalisation was about $4.6B, with a price-to-earnings ratio of 20.2 and net debt of $18.5B. Market figures come from third-party market data and may be delayed.
Does Starwood Property Trust, Inc. pay a dividend?
Yes: Starwood Property Trust, Inc. paid $700M in dividends over the trailing twelve months, a dividend yield of 14.97% and a payout ratio of 307.1%.
Who are Starwood Property Trust, Inc.'s competitors?
In our Mortgage REITs peer group, the companies closest to Starwood Property Trust, Inc. are Rithm Capital Corp., Arbor Realty Trust Inc, Pennymac Mortgage Investment Trust, Brightspire Capital, Inc. and Apollo Commercial Real Estate Finance, Inc. The side-by-side comparison below sets their revenue, margins and growth against Starwood Property Trust, Inc.'s.
Are insiders buying or selling Starwood Property Trust, Inc. stock?
Over the last 12 months, Starwood Property Trust, Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is Starwood Property Trust, Inc.'s next earnings date?
Around November 6, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Starwood Property Trust, Inc. announces its own schedule.