Starwood Property Trust, Inc. (BVMF:S2TW34)

Starwood Property Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	1,567	1,765	1,881	1,284	845.46	806.36
Total Interest Expense	1,254	1,349	1,436	796.86	444.5	420
Net Interest Income	313.61	416.18	444.52	486.72	400.96	386.36
Commissions and Fees	72.4	55.2	33.12	40.36	38.74	29.63
Other Revenue	166.09	126.77	136.16	140.78	285.89	300.17
Revenue Before Loan Losses	552.1	598.15	613.8	667.86	725.59	716.16
Provision for Loan Losses	61.45	197.4	243.73	46.66	8.34	43.15
Revenue	490.65	400.75	370.07	621.2	717.26	673
Revenue Growth (YoY)	12.42%	8.29%	-40.43%	-13.39%	6.58%	-0.62%
Salaries & Employee Benefits	67.45	59.45	52.95	65.09	74.42	65.73
Cost of Services Provided	336.79	333.2	313.65	310.08	377.51	340.52
Other Operating Expenses	-3.01	-3.01	-1.59	-1.01	-3.58	3.72
Total Operating Expenses	460.3	430.95	414.14	423.45	531.35	504.37
Operating Income	30.35	-30.2	-44.07	197.75	185.91	168.64
Earnings From Equity Investments	158.85	88.8	198.41	117.68	171.09	115.58
Currency Exchange Gain (Loss)	7.97	-73.93	60.83	-96.96	-36.29	42.4
EBT Excluding Unusual Items	292.19	232.35	454.42	1,210	400.88	244.11
Gain (Loss) on Sale of Investments	35.6	101.72	26.5	135.41	38.6	12.7
Other Unusual Items	18.85	-3.94	-1.24	-1.19	-7.43	-3.65
Pretax Income	417.23	406.01	417.48	997.54	501.1	386.28
Income Tax Expense	15.68	25.43	-0.68	-61.52	8.67	20.2
Earnings From Continuing Ops.	401.55	380.58	418.16	1,059	492.43	366.08
Net Income to Company	401.55	380.58	418.16	1,059	492.43	366.08
Minority Interest in Earnings	-35.28	-20.64	-78.94	-187.59	-44.69	-34.39
Net Income	366.27	359.93	339.21	871.48	447.74	331.69
Preferred Dividends & Other Adjustments	8.45	7.2	6.41	17.11	6.81	5.22
Net Income to Common	357.82	352.73	332.8	854.36	440.93	326.47
Net Income Growth	-3.42%	6.11%	-61.08%	94.64%	34.99%	-34.92%
Shares Outstanding (Basic)	342	320	310	306	286	282
Shares Outstanding (Diluted)	342	321	311	316	297	282
Shares Change (YoY)	8.78%	3.24%	-1.65%	6.37%	5.08%	-2.50%
EPS (Basic)	1.05	1.10	1.07	2.80	1.54	1.16
EPS (Diluted)	1.04	1.10	1.07	2.74	1.52	1.16
EPS Growth	-11.86%	2.80%	-61.00%	79.97%	31.92%	-35.38%
Free Cash Flow	714.31	618.65	503.51	188.52	-1,016	1,020
Free Cash Flow Per Share	2.09	1.93	1.62	0.60	-3.42	3.61
Dividend Per Share	1.920	1.920	1.920	1.920	1.920	1.920
Operating Margin	6.19%	-7.54%	-11.91%	31.83%	25.92%	25.06%
Profit Margin	72.93%	88.02%	89.93%	137.53%	61.48%	48.51%
Free Cash Flow Margin	145.59%	154.37%	136.06%	30.35%	-141.69%	151.62%
Effective Tax Rate	3.76%	6.26%	-	-	1.73%	5.23%
Revenue as Reported	1,806	1,947	2,050	1,465	1,170	1,136

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.