Starwood Property Trust, Inc. STWD
Starwood Property Trust (NYSE: STWD), an affiliate of global private investment firm Starwood Capital Group, is a leading diversified finance company with a core focus on the real estate and infrastructure sectors. As of March 31, 2026, the Company has successfully deployed over $117 billion of capital since inception and manages a portfolio of over $31 billion across debt and equity investments. Starwood Property Trust's investment objective is to generate attractive and stable returns for shareholders, primarily through dividends, by leveraging a premiere global organization to identify and execute on the best risk adjusted returning investments across its target assets.
Snapshot
Reported FFO / Distributable Earnings / leverage are from the Q1 2026 earnings release (filed 2026-05-08) — 8-K, EX-99.1.
Yield uses the latest declared dividend, annualized (latest regular payout × frequency; special/liquidating distributions excluded) — an announced-but-not-yet-declared change isn't reflected until it has an ex-date. FFO, AFFO and Net debt / Adj. EBITDA are the company's reported figures from its latest earnings 8-K. Price/OCF and payout use GAAP operating cash flow. NAV premium and credit ratings have no free source yet. See Methodology.
Dividends
| Ex-date | Record | Payment | Declared | Amount | Freq. |
|---|---|---|---|---|---|
| 2026-03-31 | 2026-03-31 | 2026-04-15 | 2026-03-13 | $0.48 | Quarterly |
| 2025-12-31 | 2025-12-31 | 2026-01-15 | 2025-12-12 | $0.48 | Quarterly |
| 2025-09-30 | 2025-09-30 | 2025-10-15 | 2025-07-16 | $0.48 | Quarterly |
| 2025-06-30 | 2025-06-30 | 2025-07-15 | 2025-06-12 | $0.48 | Quarterly |
| 2025-03-31 | 2025-03-31 | 2025-04-15 | 2025-03-13 | $0.48 | Quarterly |
| 2024-12-31 | 2024-12-31 | 2025-01-15 | 2024-07-24 | $0.48 | Quarterly |
| 2024-09-30 | 2024-09-30 | 2024-10-15 | 2024-07-24 | $0.48 | Quarterly |
| 2024-06-28 | 2024-06-28 | 2024-07-15 | 2024-06-13 | $0.48 | Quarterly |
| 2024-03-27 | 2024-03-29 | 2024-04-15 | 2024-03-15 | $0.48 | Quarterly |
| 2023-12-28 | 2023-12-29 | 2024-01-15 | 2023-12-15 | $0.48 | Quarterly |
| 2023-09-28 | 2023-09-30 | 2023-10-16 | 2023-09-15 | $0.48 | Quarterly |
| 2023-06-29 | 2023-06-30 | 2023-07-17 | 2023-06-15 | $0.48 | Quarterly |
| 2023-03-30 | 2023-03-31 | 2023-04-14 | 2023-03-16 | $0.48 | Quarterly |
| 2022-12-29 | 2022-12-30 | 2023-01-13 | 2022-12-09 | $0.48 | Quarterly |
| 2022-09-29 | 2022-09-30 | 2022-10-14 | 2022-09-16 | $0.48 | Quarterly |
| 2022-06-29 | 2022-06-30 | 2022-07-15 | 2022-06-15 | $0.48 | Quarterly |
| 2022-03-30 | 2022-03-31 | 2022-04-15 | 2022-03-14 | $0.48 | Quarterly |
| 2021-12-30 | 2021-12-31 | 2022-01-14 | 2021-12-15 | $0.48 | Quarterly |
| 2021-09-29 | 2021-09-30 | 2021-10-15 | 2021-09-15 | $0.48 | Quarterly |
| 2021-06-29 | 2021-06-30 | 2021-07-15 | 2021-06-14 | $0.48 | Quarterly |
| 2021-03-30 | 2021-03-31 | 2021-04-15 | 2021-03-11 | $0.48 | Quarterly |
| 2020-12-30 | 2020-12-31 | 2021-01-15 | 2020-12-09 | $0.48 | Quarterly |
| 2020-09-29 | 2020-09-30 | 2020-10-15 | 2020-09-16 | $0.48 | Quarterly |
| 2020-06-29 | 2020-06-30 | 2020-07-15 | 2020-06-16 | $0.48 | Quarterly |
Coverage (payout of operating cash flow): 66.20%. Tax-character split (ordinary / 199A / capital gain / return of capital) — not disclosed (requires the annual allocation release).
Balance sheet (latest FY: 2025)
Debt-maturity ladder, fixed/floating split, secured/unsecured and coverage ratios come from the supplemental — not yet ingested.
Financial history
| FY | Revenue | Net income | D&A | EBITDA | Op. cash flow |
|---|---|---|---|---|---|
| 2025 | $1.88B | $411.54M | $82.06M | $1.84B | $977.85M |
| 2024 | $2.04B | $359.93M | $43.09M | $1.80B | $646.59M |
| 2023 | $2.05B | $339.21M | $51.09M | $1.90B | $528.60M |
| 2022 | $1.55B | $871.48M | $50.96M | $1.85B | $213.74M |
| 2021 | $1.19B | $447.74M | $84.39M | $1.03B | $-989.98M |
| 2020 | $1.14B | $331.69M | $96.03M | $902.07M | $1.05B |
Same-store NOI, occupancy, leasing/WALT, top tenants, external-manager fees, development pipeline and (for non-traded vehicles) share-class fees, redemption/gating and NAV methodology are planned modules sourced from supplementals and prospectuses.