← STARWOOD PROPERTY TRUST, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $784.7m |
$879.9m
+12.14%
|
$1.1b
+26.07%
|
$1.2b
+7.86%
|
$1.1b
-5.04%
|
$1.2b
+2.99%
|
$1.5b
+25.18%
|
$2.0b
+39.95%
|
$1.9b
-5.03%
|
$1.8b
-5.27%
|
$811.7m
-55.99%
|
|
| Other revenues | $4.9m | $2.8m | $3.4m | $3.5m | $2.3m | $7.1m | $12.5m | $8.5m | $18.8m | $22.3m | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | $55.1m | $59.7m | $7.9m | — | — | — | — | — | — | |
| General and Administrative Expense | $152.9m | $129.6m | $136.1m | $155.1m | $157.9m | $171.3m | $175.5m | $180.2m | $199.2m | $208.8m | $224.6m | |
| Amortization of Intangible Assets | $33.9m | — | $43.9m | $22.6m | $11.7m | $9.5m | $8.8m | $8.7m | $7.3m | $15.1m | — | |
| Operating Lease, Lease Income | $152.8m | $249.0m | $349.7m | $338.0m | $297.8m | $278.8m | $128.3m | $127.7m | $108.0m | $182.4m | — | |
| Operating expenses: | ||||||||||||
| Total costs and expenses | $650.4m | $735.2m | $977.6m | $1.0b | $964.4m | $989.1m | $1.3b | $2.1b | $2.0b | $1.8b | — | |
| Operating Income (Loss) | $134.3m |
$144.6m
+7.72%
|
$426.5m
+194.89%
|
$550.2m
+28.99%
|
$386.3m
-29.79%
|
$501.1m
+29.72%
|
$997.5m
+99.07%
|
$417.5m
-58.15%
|
$406.0m
-2.75%
|
$479.8m
+18.18%
|
— | |
| Other Operating Income (Expense), Net | — | ($1.4m) | ($732k) | ($2.4m) | ($838k) | ($708k) | ($1.3m) | ($1.8m) | ($2.0m) | ($4.3m) | — | |
| Interest Expense | $230.8m | $295.7m | $408.2m | $508.7m | $419.8m | $445.1m | $797.1m | $1.4b | $1.3b | $1.3b | $1.3b | |
| Interest income from loans | $467.2m | $513.8m | $620.5m | $724.0m | $751.9m | $800.3m | $1.2b | $1.8b | $1.7b | $1.5b | $1.6b | |
| Interest income from investment securities | $70.8m | $52.8m | $56.8m | $76.6m | $54.4m | $45.2m | $65.1m | $76.5m | $66.8m | $34.5m | $1.6b | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($34.0m) | $33.7m | ($9.2m) | $17.6m | $42.4m | ($36.3m) | ($97.0m) | $60.8m | ($73.9m) | $112.9m | — | |
| Gain on sale of investments and other assets, net | $1.9m | $20.5m | $59.0m | $188.0m | $7.3m | $39.0m | $137.6m | $25.7m | $100.7m | $42.9m | — | |
| Foreign currency gain (loss), net | ($34.0m) | $33.7m | ($9.2m) | $17.6m | $42.4m | ($36.3m) | ($97.0m) | $60.8m | ($73.9m) | $112.9m | — | |
| Gain (loss) on extinguishment of debt, net | ($8.8m) | ($5.9m) | ($5.8m) | ($19.3m) | ($3.7m) | ($7.4m) | ($1.2m) | ($1.2m) | ($3.9m) | $17.7m | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $70.7m | ($72.5m) | $34.6m | ($6.3m) | ($82.2m) | $82.4m | $334.0m | ($38.6m) | $157.9m | ($127.3m) | — | |
| Other Nonoperating Income (Expense) | $13.5m | $2.2m | ($812k) | ($207k) | $281k | ($7.3m) | ($93.7m) | ($135.6m) | ($10.4m) | ($33.0m) | — | |
| Income (Loss) from Equity Method Investments | $21.7m | $30.5m | $10.5m | ($101.4m) | $37.3m | $8.8m | ($6.3m) | $16.7m | $13.1m | $14.6m | — | |
| Other expense | $100k | $1.4m | $732k | $2.4m | $838k | $708k | $1.3m | $1.8m | $2.0m | $4.3m | — | |
| Total other income (loss) | $241.7m | $299.6m | $294.9m | $383.6m | $214.5m | $320.1m | $805.8m | $465.9m | $441.2m | $422.1m | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $376.0m | $444.3m | $426.5m | $550.2m | $386.3m | $501.1m | $997.5m | $417.5m | $406.0m | $479.8m | $299.3m | |
| Income tax (provision) benefit | ($8.3m) | ($31.5m) | ($15.3m) | ($13.2m) | ($20.2m) | ($8.7m) | $61.5m | $682k | ($25.4m) | ($36.7m) | — | |
| Current Income Tax Expense (Benefit) | $12.0m | $20.6m | $13.8m | $9.1m | $9.1m | ($330k) | $2.2m | $523k | $3.7m | $5.2m | $34.6m | |
| Net income attributable to non-controlling interests | ($2.5m) | ($12.0m) | ($25.4m) | ($27.3m) | ($34.4m) | ($44.7m) | ($187.6m) | ($78.9m) | ($20.6m) | ($31.5m) | — | |
| Net Income (Loss) Attributable to Parent | $365.2m |
$400.8m
+9.74%
|
$385.8m
-3.73%
|
$509.7m
+32.10%
|
$331.7m
-34.92%
|
$447.7m
+34.99%
|
$871.5m
+94.64%
|
$339.2m
-61.08%
|
$359.9m
+6.11%
|
$411.5m
+14.34%
|
$218.1m
-47.01%
|
|
| Net Income (Loss) Available to Common Stockholders, Basic | $363.1m |
$412.8m
+13.67%
|
$411.2m
-0.38%
|
$536.9m
+30.58%
|
$366.1m
-31.82%
|
$492.4m
+34.51%
|
$1.1b
+115.07%
|
$418.2m
-60.52%
|
$380.6m
-8.99%
|
$443.1m
+16.43%
|
$218.1m
-50.78%
|
|
| Net Income (Loss) Attributable to Noncontrolling Interest | $2.5m | $12.0m | $25.4m | $27.3m | $34.4m | $44.7m | $187.6m | $78.9m | $20.6m | $31.5m | $218.1m | |
| Undistributed Earnings (Loss) Allocated to Participating Securities, Basic | $2.1m | $3.2m | $3.6m | $3.9m | $5.2m | $6.8m | $17.1m | $6.4m | $7.2m | $9.2m | — | |
| Income (Loss) from Continuing Operations, Per Basic Share | $2 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | $2 | — | — | — | — | — | — | — | — | — | — | |
| Earnings Per Share, Basic | $1.52 | $1.53 | $1.44 | $1.81 | $1.16 | $1.54 | $2.80 | $1.07 | $1.10 | $1.15 | $0.59 | |
| Earnings Per Share, Diluted | $1.50 | $1.52 | $1.42 | $1.79 | $1.16 | $1.52 | $2.74 | $1.07 | $1.10 | $1.15 | $0.59 | |
| Common Stock, Dividends, Per Share, Declared | $1.92 | $1.92 | $1.92 | $1.92 | $1.92 | $1.92 | $1.92 | $1.92 | $1.92 | $1.92 | — | |
| Weighted Average Number of Shares Outstanding, Diluted | 241.8m | 262.1m | 288.5m | 289.7m | 282.5m | 296.8m | 315.7m | 310.5m | 320.6m | 350.0m | 365.3m | |
| Additional Financial Items | ||||||||||||
| Direct Costs of Leased and Rented Property or Equipment | $65.1m | $94.3m | $127.1m | $123.0m | $117.7m | $111.7m | $44.1m | $44.8m | $48.2m | $60.8m | — | |
| Other Cost and Expense, Operating | $100k | — | — | — | — | — | — | — | — | — | — | |
| Servicing fees | $89.0m | $61.4m | $78.8m | $54.3m | $29.6m | $38.7m | $40.4m | $33.1m | $55.2m | $86.5m | — | |
| Rental income | $152.8m | $249.0m | $349.7m | $338.0m | $297.8m | $278.8m | $128.3m | $127.7m | $108.0m | $182.4m | — | |
| Management fees | $117.5m | $122.7m | $129.5m | $119.1m | $127.1m | $167.8m | $155.6m | $141.5m | $145.2m | $137.3m | — | |
| Costs of rental operations | $65.1m | $94.3m | $127.1m | $123.0m | $117.7m | $111.7m | $44.1m | $44.8m | $48.2m | $60.8m | — | |
| Depreciation and amortization | $66.8m | $93.6m | $132.6m | $113.3m | $94.4m | $83.0m | $49.3m | $49.1m | $41.3m | $79.0m | $126.1m | |
| Credit loss provision, net | $3.8m | ($5.5m) | $34.8m | $7.1m | $43.2m | $8.3m | $46.7m | $243.7m | $197.4m | $19.4m | — | |
| Change in net assets related to consolidated VIEs | $151.6m | $252.4m | $165.9m | $236.3m | $78.3m | $162.3m | $124.0m | $181.7m | $75.7m | $154.8m | — | |
| Change in fair value of servicing rights | ($47.1m) | ($24.3m) | ($10.2m) | ($3.6m) | ($3.7m) | $3.6m | $1.0m | $1.6m | $3.0m | $5.9m | — | |
| Change in fair value of investment securities, net | ($1.4m) | ($3.8m) | $10.3m | $833k | $5.4m | ($387k) | ($2.2m) | $767k | $1.0m | $2.2m | — | |
| Change in fair value of mortgage loans, net | $74.3m | $67.0m | $40.5m | $71.6m | $133.1m | $69.0m | ($346.2m) | $62.7m | $75.9m | $184.4m | — | |
| Income from affordable housing fund investments | — | — | — | $0 | $0 | $6.4m | $755.7m | $291.2m | $102.1m | $47.0m | — | |
| Earnings from unconsolidated entities | $21.7m | $30.5m | $10.5m | ($101.4m) | $37.3m | $8.8m | ($6.3m) | $16.7m | $13.1m | $14.6m | — | |
| (Loss) gain on derivative financial instruments, net | $70.7m | ($72.5m) | $34.6m | ($6.3m) | ($82.2m) | $82.4m | $334.0m | ($38.6m) | $157.9m | ($127.3m) | — | |
| Other loss, net | $13.5m | $2.2m | ($812k) | ($207k) | $281k | ($7.3m) | ($93.7m) | ($135.6m) | ($10.4m) | ($33.0m) | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $365.2m | $400.8m | $385.8m | $509.7m | $331.7m | $447.7m | $871.5m | $339.2m | $359.9m | $411.5m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $367.7m | — | — | — | — | — | — | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.