10-Q · August 4, 2022
Starwood Property Trust reported Q2 2022 total revenues of $325.586M, up from $290.867M in Q2 2021, driven by higher interest income and a large gain from affordable housing fund investments. Diluted EPS rose to $0.67…
Earnings analysis · 10-Q
STWD earnings analysis
Filed May 8, 2026 · Our reading of the company's report
The latest report
Starwood Property Trust reported Q1 2026 results, with revenue reaching $512.5 million, above the expected $493.1 million. However, it missed EPS expectations of $0.40, reporting only $0.13. The company is facing…
Read full summary
Starwood Property Trust reported Q1 2026 results, with revenue reaching $512.5 million, above the expected $493.1 million. However, it missed EPS expectations of $0.40, reporting only $0.13. The company is facing challenges within its segments due to variations in loan interest income and operational costs, resulting in notable discrepancies in earnings and cash flow management.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.13
What stood out
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Revenue Exceeds Estimates
Total revenue reached $512.5 million, surpassing the $493.1 million forecast.
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Substantial Investment Activity
The company invested $2.5 billion during the quarter, indicating ongoing capital deployment.
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Dividend Maintained
Starwood declared a dividend of $0.48 per share, consistent with its historical payout.
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Operational Revenue Growth in Key Segments
The Commercial and Residential Lending Segment saw an increase in revenues of $19.1 million year-over-year to $344.6 million.
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Inventory and Asset Optimization
Significant acquisition of $129.6 million in net lease properties, enhancing portfolio quality.
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Diverse Funding Sources Maintained
Liquidity remains robust, with $666 million in cash and equivalents available.
What to watch
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EPS Significantly Below Expectations
Reported EPS of $0.13 missed the analyst estimate of $0.40 by over 67%.
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High Debt Levels
Total borrowings reached $23.5 billion, with significant refinancing obligations due in the next few years.
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Fluctuating Cash Flows
Quarterly cash flows from operations amounted to $93.6 million, down from expected levels, indicating volatility in operational liquidity.
Management's outlook
No specific forward guidance was provided in the earnings release.
Earlier filings 4
10-Q · May 4, 2022
Starwood Property Trust reported Q1 revenue of $293,992,000 (up $6,762,000 from $287,230,000 a year earlier) and delivered a strong earnings beat driven by non-operating gains — diluted EPS was $1.02 and net income…
10-Q · August 5, 2021
Starwood Property Trust reported Q2 revenue of $290,867,000, up from $265,606,000 a year ago, with operating income improving to $64,928,000 (operating margin ~22.3%). Despite revenue and mortgage fair-value gains…
10-K · February 25, 2021
Starwood Property Trust is a REIT focused on originating, acquiring and managing diversified real estate debt and equity assets across four reportable segments. As of December 31, 2020 the Commercial & Residential…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.