STWD · NYSE · REIT - Mortgage

Starwood Property Trust (STWD)

Originates and manages property and infrastructure debt alongside real estate and servicing businesses.

$14.83
vs last close−0.28 (−1.82%)
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Starwood Property Trust, Inc.STWD
Financial sector

Generates income by originating, acquiring, financing, and managing mortgage, infrastructure, and other real-estate investments. Its four segments combine lending, owned property, and investing-and-servicing activities under an external manager affiliated with Starwood Capital.

Originates, acquires, finances, and manages mortgage loans and other real-estate investments across the United States, Europe, and Australia. Commercial and Residential Lending is joined by Infrastructure Lending, giving the platform debt businesses in property and infrastructure.

The Property segment holds owned real-estate investments, while Investing and Servicing includes special servicing and investing activities. The platform was built by expanding from commercial lending into property, residential lending, infrastructure debt, and servicing.

An external manager affiliated with Starwood Capital advises the company. Credit and market conditions, interest rates, financing availability, REIT qualification, and Investment Company Act exemptions shape its operating model.

Company facts

CEOBarry S. Sternlicht
ListedAug 12, 2009
ExchangeNYSE
HeadquartersMiami Beach, FL
CountryUnited States
Employees370
CIK0001465128
ISINUS85571B1052

Market cap$5.60B
EPS (ttm)$0.6812
P/E (ttm)22.17
ROE3.4%
P/B0.8614
P/S2.77
Dividend yieldDiv yield12.72%
Beta0.33vs XLF 0.52

Price target$20.00+32.5%Average of 21 analysts
ConsensusBuy16 of 21 analysts
Ratings

Target rangeAs of Sep 22, 2026

Latest analyst notes

DateFirmActionPriorCurrent
Aug 17, 2026Wells FargoTarget
Target: $24
Target: $20
Jun 2, 2026UBSUpgrade
Rating: NeutralTarget:
Rating: BuyTarget: $20
Mar 6, 2026Credit SuisseTarget
Target:
Target: $19
Mar 6, 2026Morgan StanleyTarget
Target:
Target: $19

Next report
Nov 9, 26
in 47 days
EPS estimate
$0.32
Revenue estimate
$537.0M
Fiscal quarter
Q3 FY26

EPSReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$0.48$0.45$0.43$0.40$0.42$0.39$0.40Pending
Estimate$0.46$0.46$0.39$0.45$0.41$0.42$0.40$0.32
Surprise+4.3%−2.2%+10.3%−11.1%+2.4%−7.1%0.0%

RevenueReportedEstimate

Feb '25May '25Aug '25Nov '25Feb '26May '26Aug '26Nov '26
Reported$448.3M$418.2M$475.9M$489.9M$492.9M$512.5M$513.7MPending
Estimate$466.4M$477.0M$475.6M$469.5M$503.2M$496.3M$521.7M$537.0M
Surprise−3.9%−12.3%+0.1%+4.3%−2.0%+3.3%−1.5%
Estimate$0.32
ReportedDue Nov 9, 2026
Estimate$537.0M
ReportedDue Nov 9, 2026
View details

Debt to equity364.60%
Current ratio5.90%

ProfitabilityRevenueNet incomeNet margin

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Revenue$487.9M$448.3M$418.2M$475.9M$489.9M$506.2M$513.1M$513.7M
Net income$76.1M$51.6M$112.3M$129.8M$72.6M$96.9M$51.9M$6.6M
Net margin15.6%11.5%26.8%27.3%14.8%19.1%10.1%1.3%

GrowthOperating income

Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26
Operating income$353.0M$345.3M$345.4M$292.9M$397.3M$407.3M$346.2M$334.5M
YoY growth−13.7%−12.6%−35.5%−28.5%+12.6%+18.0%+0.2%+14.2%

Balance sheet, Jun 30, 2026Cash & short-term investments $452.4M · Total debt $23.69B · Total assets $61.05B · Shareholders' equity $6.50B

Revenue
$513.7M
Operating income
$334.5M
Net income
$6.6M
View details

Dividend yield
12.72%
Next ex-date
Sep 30, 26
in 7 days
Annual dividend
$1.92
per share
Schedule
Quarterly
4 payments a year

HistoryDividendAnnual yieldUpcoming

Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26Sep '26
Dividend$0.48$0.48$0.48$0.48$0.48$0.48$0.48$0.48
Annual yield10.13%9.71%9.57%9.91%10.66%11.15%11.72%12.95%
Ex-dateDec 31Mar 31Jun 30Sep 30Dec 31Mar 31Jun 30Sep 30
Payment dateJan 15Apr 15Jul 15Oct 15Jan 15Apr 15Jul 15Oct 15
View details

Institutions50.95%188.59M shares
543 holders · as of Jun 30, 2026
Insiders1.34%4.96M shares
11 holders · as of Jul 2, 2026
Strategic holders5.27%19.52M shares
1 holder · as of Feb 3, 2022
Other42.44%157.10M shares
remainder

370.17M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing

Top shareholders13F · 13D/G · Form 4

HolderStakeSharesDate
BlackRock, Inc.Institution
9.72%35.98Mas of Jun 30, 2026
BlackRock, Inc.Strategic
5.27%19.52Mfiled Feb 3, 2022
Vanguard Capital Management LLCInstitution
4.26%15.78Mas of Jun 30, 2026
Vanguard Portfolio Management LLCInstitution
4.06%15.03Mas of Jun 30, 2026
State Street CorpInstitution
3.22%11.90Mas of Jun 30, 2026

Insider tradesForm 4

DateInsiderRoleSharesAvg price
Apr 1, 2026Jeffrey G. Dishnerdirector−7,013$17.13
View details

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