Starwood Property Trust, Inc. (STWD)

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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest and Dividend Income	1,600	1,765	1,881	1,284	845.46	806.36
Total Interest Expense	1,257	1,349	1,436	796.86	444.5	420
Net Interest Income	343.78	416.18	444.52	486.72	400.96	386.36
Commissions and Fees	61.02	55.2	33.12	40.36	38.74	29.63
Other Revenue	134.96	126.77	136.16	140.78	285.89	300.17
Revenue Before Loan Losses	539.75	598.15	613.8	667.86	725.59	716.16
Provision for Loan Losses	197.4	197.4	243.73	46.66	8.34	43.15
Revenue	342.35	400.75	370.07	621.2	717.26	673
Revenue Growth (YoY)	-36.64%	8.29%	-40.43%	-13.39%	6.58%	-0.62%
Salaries & Employee Benefits	65.25	59.45	52.95	65.09	74.42	65.73
Cost of Services Provided	326.86	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	432.32	430.95	414.14	423.45	531.35	504.37
Operating Income	-89.97	-30.2	-44.07	197.75	185.91	168.64
Earnings From Equity Investments	129.57	88.8	198.41	117.68	171.09	115.58
Currency Exchange Gain (Loss)	79.61	-73.93	60.83	-96.96	-36.29	42.4
EBT Excluding Unusual Items	119.03	232.35	454.42	1,210	400.88	244.11
Gain (Loss) on Sale of Investments	40.31	101.72	26.5	135.41	38.6	12.7
Other Unusual Items	18.61	-3.94	-1.24	-1.19	-7.43	-3.65
Pretax Income	406.57	406.01	417.48	997.54	501.1	386.28
Income Tax Expense	12.79	25.43	-0.68	-61.52	8.67	20.2
Earnings From Continuing Ops.	393.79	380.58	418.16	1,059	492.43	366.08
Net Income to Company	393.79	380.58	418.16	1,059	492.43	366.08
Minority Interest in Earnings	-24.01	-20.64	-78.94	-187.59	-44.69	-34.39
Net Income	369.78	359.93	339.21	871.48	447.74	331.69
Preferred Dividends & Other Adjustments	7.73	7.2	6.41	17.11	6.81	5.22
Net Income to Common	362.05	352.73	332.8	854.36	440.93	326.47
Net Income Growth	5.46%	6.11%	-61.08%	94.64%	34.99%	-34.92%
Shares Outstanding (Basic)	332	320	310	306	286	282
Shares Outstanding (Diluted)	332	321	311	316	297	282
Shares Change (YoY)	6.36%	3.24%	-1.65%	6.37%	5.08%	-2.50%
EPS (Basic)	1.09	1.10	1.07	2.80	1.54	1.16
EPS (Diluted)	1.09	1.10	1.07	2.74	1.52	1.16
EPS Growth	-0.92%	2.80%	-61.00%	79.97%	31.92%	-35.38%
Free Cash Flow	660.38	618.65	503.51	188.52	-1,016	1,020
Free Cash Flow Per Share	1.99	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	-26.28%	-7.54%	-11.91%	31.83%	25.92%	25.06%
Profit Margin	105.75%	88.02%	89.93%	137.53%	61.48%	48.51%
Free Cash Flow Margin	192.89%	154.37%	136.06%	30.35%	-141.69%	151.62%
Effective Tax Rate	3.15%	6.26%	-	-	1.73%	5.23%
Revenue as Reported	1,796	1,947	2,050	1,465	1,170	1,136

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.

SEC Filings: 10-K · 10-Q