Starwood Property Trust Earnings Reports

Starwood Property Trust delivered a solid second quarter in 2025, with GAAP net income of $129.8 million and Distributable Earnings of $151.1 million. The company significantly surpassed its 2024 capital deployment, investing $3.2 billion in the quarter, and continued its strategic diversification, with commercial real estate lending now representing about half of its asset base. The acquisition of Fundamental Income Properties further strengthens its net lease real estate platform.

The company achieved GAAP net income of $112.3 million and adjusted EPS of $0.45. It invested $2.3 billion during the quarter, primarily in commercial and infrastructure lending, and maintained strong liquidity of $1.5 billion.

Starwood Property Trust's Q4 2024 revenue reached $496.67 million, driven by interest income from loans and investment securities. Net income for the quarter was $51.6 million, significantly impacted by a $52.4 million credit loss provision. Distributable earnings stood at $166.7 million, with a GAAP EPS of $0.15 and a non-GAAP EPS of $0.48.

Starwood Property Trust reported a net income of $76.1 million and Distributable Earnings of $159.0 million for Q3 2024. They originated or acquired $2.1 billion of assets and raised $800 million in capital, bringing liquidity to a record $1.8 billion.

Starwood Property Trust reported a GAAP net income of $77.9 million and Distributable Earnings of $157.8 million for the second quarter of 2024. The company's diversification strategy, with over 40% of assets outside commercial lending, and low leverage ratios contributed to outperformance in a challenging real estate environment. The company declared a dividend of $0.48 per share for the quarter.

Starwood Property Trust reported a GAAP net income of $154.3 million and Distributable Earnings of $191.6 million for the first quarter of 2024, which include net gains of $90.8 million and $37.4 million, respectively, from the sale of the Master Lease Portfolio. The company issued $600 million of senior unsecured sustainability notes due 2029 and saw over $1.0 billion in loan repayments. Liquidity increased to a record $1.5 billion.

Starwood Property Trust's Q4 2023 GAAP net income was $71.0 million, or $0.22 per diluted share, while Distributable Earnings was $189.4 million, or $0.58 per diluted share. The company originated or acquired $1.6 billion of assets and received repayments of $1.1 billion during the quarter. Liquidity increased to $1.2 billion.

Starwood Property Trust reported a net income of $47.4 million and Distributable Earnings of $158.4 million for the quarter ended September 30, 2023. The company originated or acquired $652 million of assets and received repayments of $1.1 billion during the quarter.

Starwood Property Trust reported a GAAP net income of $168.8 million and Distributable Earnings of $157.5 million for Q2 2023. The company received repayments of $1.3 billion during the quarter and $0.5 billion subsequent to quarter end. They also issued $381 million of 2027 Sustainable Convertible Notes subsequent to quarter end and paid a dividend of $0.48 per share.