The earnings call presented a mix of strong investment performance and strategic growth initiatives, alongside challenges with non-performing loans and broader economic uncertainties. While the company showed resilience in originating new loans and maintaining liquidity, concerns about market conditions and unresolved assets were evident.

Company Guidance -

Q3 2025

During the first quarter of 2025, Starwood Property Trust provided guidance on its financial performance, revealing distributable earnings (DE) of $156 million or $0.45 per share, and a GAAP net income of $112 million or $0.33 per share. The company committed $2.3 billion towards new investments, marking its highest quarterly commitment in nearly three years, with infrastructure lending hitting a record since the acquisition from GE in 2018. The commercial and residential lending segments contributed $179 million or $0.51 per share to DE, with commercial lending witnessing a growth of $859 million in the loan book. The overall loan portfolio at quarter-end stood at $14.5 billion, with resolutions on $230 million across three assets achieved at or above GAAP basis. Weighted average risk rating improved slightly from 3.0 to 2.9. Starwood reported a CECL reserve decrease by $26 million to $456 million, representing 4.2% of the lending and REO portfolios. The infrastructure lending segment committed a record $677 million with a total portfolio reaching $2.8 billion. Liquidity was robust at $1.5 billion, with an adjusted debt to undepreciated equity ratio of 2.25x. The company expressed optimism for the remainder of the year, emphasizing a strong pipeline in commercial real estate, data centers, and infrastructure lending.

Record Investment in Infrastructure Lending

Starwood Property Trust committed $677 million in loans, with $601 million funded, marking a record high for the infrastructure lending portfolio, which reached $2.8 billion by quarter end.

Strong Commercial and Residential Lending Performance

The company originated $1.4 billion in commercial loans and funded $886 million, contributing $179 million to distributable earnings, with a slight decrease in weighted average risk rating from 3.0 to 2.9.

Successful Securitizations and Strong Servicing Portfolio

Starwood Mortgage Capital completed four securitizations totaling $268 million at profitable margins. The active servicing portfolio ended the quarter at $9.6 billion.

Significant Liquidity and Capitalization Improvements

After recent corporate debt activities, Starwood's liquidity stands at $1.5 billion, with no corporate debt maturities until 2026, and an adjusted debt to equity ratio of 2.25x.

Positive Outlook on Future Growth and Dividend Stability

The company anticipates continued growth in their loan portfolio, maintaining a stable dividend that has been paid for 45 consecutive quarters.

Starwood Property (STWD) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

STWD Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.49 / -	0.48	―	―	―
Aug 07, 2025	2025 (Q2)	0.40 / 0.43	0.48	-10.42% (-0.05)
May 09, 2025	2025 (Q1)	0.45 / 0.45	0.59	-23.73% (-0.14)
Feb 27, 2025	2024 (Q4)	0.47 / 0.48	0.58	-17.24% (-0.10)
Nov 06, 2024	2024 (Q3)	0.47 / 0.48	0.49	-2.04% (-0.01)
Aug 06, 2024	2024 (Q2)	0.48 / 0.48	0.49	-2.04% (-0.01)
May 08, 2024	2024 (Q1)	0.47 / 0.59	0.49	20.41% (+0.10)
Feb 22, 2024	2023 (Q4)	0.49 / 0.58	0.5	16.00% (+0.08)
Nov 08, 2023	2023 (Q3)	0.47 / 0.49	0.51	-3.92% (-0.02)
Aug 03, 2023	2023 (Q2)	0.48 / 0.49	0.51	-3.92% (-0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

STWD Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 09, 2025	$18.59	$18.72	+0.70%
Feb 27, 2025	$19.04	$19.21	+0.89%
Nov 06, 2024	$18.27	$18.02	-1.37%
Aug 06, 2024	$17.10	$17.56	+2.69%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Starwood Property Trust, Inc (STWD) report earnings?

Starwood Property Trust, Inc (STWD) is schdueled to report earning on Nov 05, 2025, Before Open (Confirmed).

What is Starwood Property Trust, Inc (STWD) earnings time?

Starwood Property Trust, Inc (STWD) earnings time is at Nov 05, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is STWD EPS forecast?

STWD EPS forecast for the fiscal quarter 2025 (Q3) is 0.49.

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