Starwood Property Trust, Inc(NYSE:STWD) 
Starwood Property Trust, Inc. operates as a real estate investment trust (REIT) in the United States and Europe. It operates through four segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segme...
Website: http://www.starwoodpropertytrust.com
Founded: 2009
Full Time Employees: 296
Sector: Real Estate
Industry: REIT-Mortgage
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Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2018-12-31 | 2018-09-30 | 2017-12-31 | 2017-06-30 | 2017-03-31 | 2016-09-30 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-03-31 | 2009-12-31 | 2009-09-30 | 2009-08-17 |
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revenues: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income from loans | 373,811,000 | 383,921,000 | 395,446,000 | 385,219,000 | 353,923,000 | 388,386,000 | 418,757,000 | 427,432,000 | 463,492,000 | 460,048,000 | 457,299,000 | 455,849,000 | 430,908,000 | 395,398,000 | 328,354,000 | 261,150,000 | 233,619,000 | 217,192,000 | 203,252,000 | 189,272,000 | 190,575,000 | 194,009,000 | 169,404,000 | 171,103,000 | 217,427,000 | 177,101,000 | 172,030,000 | 191,466,000 | 183,416,000 | 176,718,000 | 154,501,000 | 120,612,000 | 111,883,000 | 121,225,000 | 122,557,000 | 117,532,000 | 120,612,000 | 120,598,000 | 118,292,000 | 118,429,000 | 110,669,000 | 105,455,000 | 104,910,000 | 94,045,000 | 74,936,000 | 67,765,000 | 56,261,000 | 53,740,000 | 69,077,000 | 51,879,000 | 41,047,000 | 32,717,000 | 9,699,000 | ||||
interest income from investment securities | 5,438,000 | 4,566,000 | 7,361,000 | 10,313,000 | 12,221,000 | 14,372,000 | 17,227,000 | 17,000,000 | 18,206,000 | 18,835,000 | 20,133,000 | 18,919,000 | 18,637,000 | 16,750,000 | 19,019,000 | 15,306,000 | 13,983,000 | 12,213,000 | 10,697,000 | 10,648,000 | 11,610,000 | 12,342,000 | 12,186,000 | 14,644,000 | 15,240,000 | 19,776,000 | 16,676,000 | 22,545,000 | 17,632,000 | 19,272,000 | 11,508,000 | 12,370,000 | 15,224,000 | 19,175,000 | 15,301,000 | 19,403,000 | 17,437,000 | 24,674,000 | 23,810,000 | 27,744,000 | 28,640,000 | 27,620,000 | 29,454,000 | 17,804,000 | 18,577,000 | ||||||||||||
servicing fees | 48,020,000 | 31,791,000 | 23,212,000 | 14,080,000 | 17,460,000 | 17,650,000 | 11,827,000 | 16,033,000 | 9,689,000 | 10,893,000 | 8,630,000 | 6,342,000 | 7,256,000 | 9,387,000 | 8,427,000 | 12,553,000 | 9,992,000 | 9,000,000 | 10,473,000 | 10,864,000 | 8,402,000 | 8,635,000 | 9,548,000 | 6,658,000 | 4,793,000 | 6,522,000 | 14,333,000 | 9,008,000 | 24,433,000 | 7,560,000 | 27,824,000 | 18,628,000 | 14,102,000 | 22,918,000 | 23,312,000 | 24,691,000 | 26,129,000 | 32,528,000 | 30,154,000 | 28,257,000 | 34,641,000 | 32,681,000 | 34,211,000 | 36,509,000 | 39,135,000 | ||||||||||||
rental income | 79,971,000 | 67,486,000 | 57,528,000 | 28,243,000 | 29,183,000 | 27,713,000 | 25,979,000 | 25,459,000 | 28,847,000 | 29,979,000 | 33,091,000 | 32,307,000 | 32,289,000 | 32,227,000 | 32,932,000 | 31,524,000 | 31,580,000 | 47,862,000 | 77,512,000 | 77,119,000 | 76,338,000 | 74,994,000 | 75,978,000 | 72,710,000 | 74,146,000 | 83,833,000 | 88,551,000 | 91,132,000 | 58,966,000 | 57,042,000 | 39,742,000 | 37,843,000 | 32,677,000 | 18,891,000 | 10,045,000 | 5,014,000 | 5,080,000 | 2,529,000 | |||||||||||||||||||
other revenues | 5,216,000 | 5,184,000 | 5,331,000 | 6,428,000 | 5,393,000 | 6,268,000 | 5,750,000 | 3,902,000 | 2,854,000 | 2,523,000 | 2,394,000 | 2,252,000 | 1,324,000 | 835,000 | 1,809,000 | 5,053,000 | 4,818,000 | 3,438,000 | 352,000 | 2,964,000 | 305,000 | 582,000 | 311,000 | 491,000 | 954,000 | 847,000 | 637,000 | 865,000 | 1,166,000 | 1,317,000 | 754,000 | 993,000 | 469,000 | 1,645,000 | 979,000 | 1,190,000 | 3,154,000 | 4,300,000 | 1,390,000 | 4,419,000 | 7,418,000 | 4,994,000 | 3,404,000 | 2,098,000 | 1,860,000 | ||||||||||||
total revenues | 512,456,000 | 492,948,000 | 488,878,000 | 444,283,000 | 418,180,000 | 454,389,000 | 479,540,000 | 489,826,000 | 523,088,000 | 522,278,000 | 521,547,000 | 515,669,000 | 490,414,000 | 454,597,000 | 390,541,000 | 325,586,000 | 293,992,000 | 289,705,000 | 302,286,000 | 290,867,000 | 287,230,000 | 290,562,000 | 267,427,000 | 265,606,000 | 312,560,000 | 286,428,000 | 288,330,000 | 311,181,000 | 310,480,000 | 293,418,000 | 285,719,000 | 211,569,000 | 198,720,000 | 204,705,000 | 199,992,000 | 195,493,000 | 186,223,000 | 192,145,000 | 178,660,000 | 178,849,000 | 181,368,000 | 170,750,000 | 171,979,000 | 155,536,000 | 137,037,000 | ||||||||||||
yoy | 22.54% | 8.49% | 1.95% | -9.30% | -20.06% | -13.00% | -8.05% | -5.01% | 6.66% | 14.89% | 33.54% | 58.38% | 66.81% | 56.92% | 29.20% | 11.94% | 2.35% | -0.29% | 13.03% | 9.51% | -8.10% | 1.44% | -7.25% | -14.65% | 0.67% | -2.38% | 0.91% | 46.75% | 47.65% | 39.58% | 8.22% | 6.71% | 6.54% | 11.94% | 9.31% | 2.68% | 12.53% | 3.88% | 14.99% | 32.35% | |||||||||||||||||
qoq | 3.96% | 0.83% | 10.04% | 6.24% | -7.97% | -5.24% | -2.10% | -6.36% | 0.16% | 0.14% | 1.14% | 5.15% | 7.88% | 16.40% | 19.95% | 10.75% | 1.48% | -4.16% | 3.93% | 1.27% | -1.15% | 8.65% | 0.69% | -15.02% | 9.12% | -0.66% | -7.34% | 0.23% | 5.81% | 2.69% | 6.47% | -2.92% | 2.36% | 2.30% | 4.98% | -3.08% | 7.55% | -0.11% | -1.39% | 6.22% | -0.71% | 10.57% | 13.50% | ||||||||||||||
costs and expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
management fees | 36,182,000 | 33,426,000 | 32,243,000 | 30,833,000 | 40,763,000 | 41,207,000 | 27,439,000 | 30,517,000 | 46,014,000 | 43,882,000 | 27,143,000 | 30,978,000 | 39,540,000 | 41,276,000 | 27,356,000 | 31,624,000 | 55,295,000 | 76,060,000 | 23,727,000 | 29,250,000 | 38,736,000 | 40,157,000 | 23,127,000 | 23,115,000 | 40,728,000 | 42,905,000 | 30,238,000 | 22,523,000 | 23,466,000 | 44,800,000 | 26,519,000 | 24,633,000 | 24,384,000 | 27,780,000 | 23,767,000 | 24,963,000 | 41,862,000 | 28,082,000 | 26,821,000 | 27,968,000 | 24,943,000 | 25,085,000 | 27,821,000 | 24,235,000 | 19,326,000 | 14,275,000 | 14,659,000 | 12,847,000 | 15,167,000 | 10,004,000 | 9,664,000 | 9,346,000 | 4,970,000 | 2,465,000 | |||
interest expense | 328,906,000 | 333,848,000 | 334,849,000 | 316,132,000 | 292,158,000 | 310,489,000 | 337,859,000 | 344,389,000 | 355,956,000 | 369,117,000 | 368,357,000 | 363,332,000 | 335,301,000 | 295,629,000 | 222,423,000 | 152,618,000 | 126,451,000 | 116,529,000 | 115,531,000 | 109,653,000 | 103,374,000 | 102,264,000 | 95,981,000 | 101,493,000 | 120,025,000 | 120,775,000 | 123,156,000 | 130,126,000 | 134,672,000 | 126,755,000 | 102,658,000 | 71,317,000 | 65,860,000 | 59,082,000 | 57,635,000 | 56,520,000 | 51,529,000 | 50,688,000 | 49,799,000 | 50,534,000 | 39,739,000 | 37,695,000 | 37,831,000 | 36,743,000 | 23,948,000 | -1,632,000 | -253,000 | ||||||||||
general and administrative | 58,333,000 | 58,067,000 | 51,523,000 | 51,072,000 | 48,147,000 | 49,437,000 | 48,054,000 | 51,082,000 | 50,663,000 | 48,257,000 | 46,691,000 | 43,156,000 | 42,108,000 | 40,679,000 | 45,495,000 | 45,005,000 | 44,321,000 | 48,537,000 | 38,864,000 | 45,265,000 | 38,636,000 | 47,017,000 | 39,478,000 | 32,677,000 | 38,702,000 | 42,838,000 | 39,766,000 | 37,578,000 | 34,930,000 | 37,259,000 | 31,203,000 | 32,520,000 | 30,429,000 | 51,470,000 | 35,409,000 | 32,798,000 | 39,267,000 | 38,693,000 | 41,404,000 | 35,264,000 | 47,640,000 | 43,094,000 | 46,101,000 | 48,335,000 | 45,329,000 | 4,286,000 | 3,084,000 | 2,731,000 | 3,023,000 | 2,177,000 | 2,760,000 | 2,192,000 | 1,779,000 | 501,000 | |||
costs of rental operations | 23,134,000 | 15,482,000 | 15,987,000 | 14,512,000 | 14,820,000 | 13,690,000 | 12,133,000 | 12,070,000 | 10,344,000 | 9,932,000 | 11,777,000 | 11,467,000 | 11,666,000 | 12,021,000 | 12,206,000 | 10,598,000 | 9,290,000 | 20,675,000 | 31,516,000 | 30,731,000 | 28,745,000 | 30,308,000 | 29,522,000 | 29,632,000 | 28,214,000 | 29,651,000 | 34,287,000 | 30,191,000 | 23,024,000 | 20,878,000 | 18,011,000 | 15,852,000 | 12,655,000 | 6,281,000 | 2,352,000 | 1,211,000 | |||||||||||||||||||||
depreciation and amortization | 33,726,000 | 31,082,000 | 26,044,000 | 10,371,000 | 11,484,000 | 11,176,000 | 10,188,000 | 10,124,000 | 9,818,000 | 12,131,000 | 12,271,000 | 12,323,000 | 12,416,000 | 12,795,000 | 12,611,000 | 12,240,000 | 11,647,000 | 16,009,000 | 22,041,000 | 22,477,000 | 22,474,000 | 23,423,000 | 23,581,000 | 23,421,000 | 23,980,000 | 27,247,000 | 28,269,000 | 28,552,000 | 29,254,000 | 29,462,000 | 34,293,000 | 22,032,000 | 22,228,000 | 15,352,000 | 19,073,000 | 18,760,000 | 11,863,000 | 7,234,000 | 5,828,000 | 4,085,000 | 3,017,000 | 5,154,000 | 4,636,000 | 4,988,000 | 2,943,000 | ||||||||||||
credit loss reversal | -377,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other expense | 401,000 | 166,000 | 439,000 | 1,893,000 | 1,851,000 | 589,000 | 475,000 | 285,000 | 674,000 | 330,000 | 516,000 | 126,000 | 848,000 | 1,258,000 | 177,000 | 23,000 | |||||||||||||||||||||||||||||||||||||||||
total costs and expenses | 480,305,000 | 482,415,000 | 489,444,000 | 430,479,000 | 384,224,000 | 479,013,000 | 502,575,000 | 491,176,000 | 509,308,000 | 509,924,000 | 519,600,000 | 583,452,000 | 485,342,000 | 430,183,000 | 336,647,000 | 262,298,000 | 243,823,000 | 298,886,000 | 231,353,000 | 225,939,000 | 232,879,000 | 231,403,000 | 209,158,000 | 222,232,000 | 301,615,000 | 269,822,000 | 253,244,000 | 253,469,000 | 253,289,000 | 279,835,000 | 232,396,000 | 171,511,000 | 164,903,000 | 175,331,000 | 156,653,000 | 146,320,000 | 154,194,000 | 128,067,000 | 132,591,000 | 121,427,000 | 120,374,000 | 117,686,000 | 118,969,000 | 123,307,000 | 110,484,000 | ||||||||||||
other income: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
change in net assets related to consolidated vies | 32,502,000 | 42,052,000 | 43,735,000 | 40,280,000 | 28,691,000 | 31,870,000 | 16,570,000 | 17,180,000 | 10,086,000 | 42,664,000 | 43,763,000 | 54,123,000 | 41,138,000 | 51,733,000 | 37,146,000 | 8,373,000 | 26,749,000 | 82,030,000 | 28,049,000 | 12,509,000 | 39,745,000 | 13,905,000 | 58,585,000 | 51,261,000 | -45,493,000 | 71,548,000 | 61,767,000 | 55,158,000 | 47,836,000 | 36,004,000 | 33,289,000 | 77,761,000 | 69,170,000 | 47,848,000 | 50,707,000 | -4,167,000 | 32,091,000 | 49,665,000 | 55,873,000 | ||||||||||||||||||
change in fair value of servicing rights | -537,000 | 758,000 | 2,016,000 | 2,363,000 | 753,000 | 2,224,000 | -341,000 | 895,000 | 228,000 | 1,196,000 | -68,000 | 162,000 | 304,000 | -224,000 | 515,000 | -365,000 | 1,084,000 | 838,000 | 2,237,000 | 1,299,000 | -796,000 | -1,387,000 | 634,000 | -2,569,000 | -393,000 | -1,332,000 | -625,000 | -916,000 | -767,000 | -1,211,000 | -974,000 | -8,001,000 | -8,433,000 | -14,283,000 | -12,191,000 | -6,739,000 | -4,194,000 | -4,217,000 | -2,652,000 | -1,542,000 | 2,898,000 | ||||||||||||||||
change in fair value of investment securities | 89,000 | 221,000 | 1,794,000 | 345,000 | -173,000 | 510,000 | -778,000 | 367,000 | 915,000 | 414,000 | 283,000 | -12,000 | 82,000 | -521,000 | -83,000 | -1,245,000 | -355,000 | -1,290,000 | -299,000 | 1,508,000 | -306,000 | 2,261,000 | -199,000 | 827,000 | 2,504,000 | -162,000 | 266,000 | 667,000 | 62,000 | 2,491,000 | 301,000 | -2,493,000 | -1,171,000 | -2,786,000 | 1,319,000 | 753,000 | -480,000 | 2,617,000 | 1,446,000 | -499,000 | 1,860,000 | 4,959,000 | 8,361,000 | ||||||||||||||
change in fair value of mortgage loans | -12,668,000 | 43,802,000 | 52,367,000 | 29,867,000 | 58,404,000 | -74,399,000 | 114,871,000 | 64,421,000 | -29,013,000 | 173,949,000 | -66,806,000 | -53,342,000 | 8,901,000 | -19,485,000 | -87,474,000 | -113,480,000 | -125,783,000 | 934,000 | 31,727,000 | 45,867,000 | -9,478,000 | 53,424,000 | 61,384,000 | 34,450,000 | -16,134,000 | ||||||||||||||||||||||||||||||||
income from affordable housing fund investments | 12,464,000 | 37,604,000 | 324,000 | 5,115,000 | 3,910,000 | 91,837,000 | -5,590,000 | 6,446,000 | 9,448,000 | 37,548,000 | 16,908,000 | 223,823,000 | 12,965,000 | 97,003,000 | 117,527,000 | 307,165,000 | 234,041,000 | ||||||||||||||||||||||||||||||||||||||||
earnings from unconsolidated entities | 818,000 | 3,681,000 | 2,463,000 | 7,872,000 | 537,000 | 3,402,000 | 349,000 | 1,670,000 | 7,675,000 | 5,344,000 | -1,309,000 | 9,962,000 | 2,725,000 | -7,234,000 | -2,044,000 | 3,865,000 | -910,000 | 2,750,000 | 2,042,000 | 2,226,000 | 1,734,000 | 5,252,000 | 3,192,000 | 28,776,000 | 97,000 | -69,718,000 | 2,747,000 | 8,817,000 | 3,907,000 | 2,625,000 | 29,465,000 | 2,987,000 | 4,305,000 | 4,479,000 | 4,065,000 | 5,927,000 | 5,706,000 | 8,951,000 | 6,090,000 | 3,805,000 | 9,563,000 | 64,000 | 4,577,000 | 5,597,000 | |||||||||||||
gain on sale of investments and other assets | 679,000 | 10,224,000 | 1,027,000 | 31,662,000 | 432,000 | 8,316,000 | 91,962,000 | 10,243,000 | 10,616,000 | 4,680,000 | 190,000 | 25,552,000 | 13,453,000 | 138,000 | 98,468,000 | 12,607,000 | -47,000 | 8,731,000 | 17,693,000 | 542,000 | 6,472,000 | 296,000 | 159,871,000 | 21,157,000 | 2,515,000 | 4,485,000 | 33,485,000 | 1,462,000 | 5,183,000 | -56,000 | 10,000 | -90,000 | 245,000 | 1,909,000 | 3,348,000 | 209,000 | 17,198,000 | ||||||||||||||||||||
loss on derivative financial instruments | -2,463,000 | -16,098,000 | -2,207,000 | -4,349,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency gain | -6,090,000 | 6,607,000 | -12,215,000 | 83,761,000 | 34,791,000 | -98,364,000 | 59,421,000 | 6,885,000 | -41,870,000 | 23,334,000 | 15,019,000 | -78,602,000 | -235,000 | -27,003,000 | 2,627,000 | 44,256,000 | 25,452,000 | 7,173,000 | -34,486,000 | -7,017,000 | 5,547,000 | -5,452,000 | -4,078,000 | 12,910,000 | 4,864,000 | -16,988,000 | 20,854,000 | -30,307,000 | 3,777,000 | 1,477,000 | 9,580,000 | ||||||||||||||||||||||||||
loss on extinguishment of debt | -335,000 | -1,139,000 | -242,000 | -1,105,000 | -1,454,000 | 1,018,000 | -1,072,000 | -1,123,000 | -61,000 | -150,000 | -212,000 | -823,000 | -5,231,000 | -499,000 | -1,182,000 | -516,000 | -1,277,000 | -2,207,000 | -170,000 | -3,298,000 | -3,082,000 | -2,540,000 | -5,916,000 | -629,000 | -5,292,000 | ||||||||||||||||||||||||||||||||
other loss | -3,133,000 | -29,771,000 | -3,486,000 | -1,313,000 | -1,978,000 | -2,981,000 | -2,792,000 | -2,630,000 | -103,866,000 | -2,521,000 | -26,624,000 | -2,541,000 | -22,740,750 | -56,391,000 | -33,809,000 | -30,750 | -50,000 | ||||||||||||||||||||||||||||||||||||||||
total other income | 21,326,000 | 120,772,000 | 93,839,000 | 121,563,000 | 85,911,000 | 93,345,000 | 105,654,000 | 94,953,000 | 147,286,000 | 90,601,000 | 38,031,000 | 291,359,000 | 45,894,000 | 132,266,000 | 121,189,000 | 220,623,000 | 331,695,000 | 114,501,000 | 77,055,000 | 58,103,000 | 70,405,000 | 68,877,000 | 121,308,000 | 108,289,000 | -83,943,000 | 166,226,000 | 119,428,000 | 78,267,000 | 19,651,000 | 87,199,000 | 44,339,000 | 92,627,000 | 68,054,000 | 79,106,000 | 69,438,000 | -22,033,000 | 54,407,000 | 60,713,000 | 75,363,000 | 79,308,000 | 110,232,000 | 71,595,000 | 75,042,000 | 73,093,000 | 47,978,000 | ||||||||||||
income before income taxes | 53,477,000 | 131,305,000 | 93,273,000 | 135,367,000 | 119,867,000 | 68,721,000 | 82,619,000 | 93,603,000 | 161,066,000 | 102,955,000 | 39,978,000 | 223,576,000 | 50,966,000 | 156,680,000 | 175,083,000 | 283,911,000 | 381,864,000 | 105,320,000 | 147,988,000 | 123,031,000 | 124,756,000 | 128,036,000 | 179,577,000 | 151,663,000 | -72,998,000 | 182,832,000 | 154,514,000 | 135,979,000 | 76,842,000 | 100,782,000 | 97,662,000 | 132,685,000 | 101,871,000 | 108,480,000 | 112,777,000 | 27,140,000 | 64,201,000 | 50,643,000 | 44,759,000 | 50,687,000 | 14,040,000 | ||||||||||||||||
income tax benefit | 3,945,000 | 2,101,000 | -10,449,000 | -15,878,000 | -1,206,000 | -18,315,000 | 11,399,000 | -1,197,000 | 8,795,000 | 12,524,000 | 48,755,000 | -2,206,000 | 2,450,000 | 3,353,000 | -2,230,000 | 1,298,000 | 6,729,000 | 983,000 | 301,000 | ||||||||||||||||||||||||||||||||||||||
net income | 57,422,000 | 112,366,000 | 79,930,000 | 134,696,000 | 116,101,000 | 70,822,000 | 72,170,000 | 77,725,000 | 159,860,000 | 84,640,000 | 51,377,000 | 222,379,000 | 59,761,000 | 169,204,000 | 223,838,000 | 281,705,000 | 384,314,000 | 103,029,000 | 140,487,000 | 126,384,000 | 122,526,000 | 114,655,000 | 164,734,000 | 152,961,000 | -66,269,000 | 177,980,000 | 150,001,000 | 132,446,000 | 76,508,000 | 99,932,000 | 89,381,000 | 123,233,000 | 102,854,000 | 105,813,000 | 112,071,000 | 27,046,000 | 96,648,000 | 117,116,000 | 117,640,000 | 120,779,000 | 167,390,000 | 120,382,000 | 120,881,000 | 91,601,000 | 63,338,000 | 63,424,000 | 50,342,000 | 44,619,000 | 50,288,000 | 14,503,000 | 33,312,000 | 31,725,000 | 6,260,000 | -1,771,000 | |||
yoy | -50.54% | 58.66% | 10.75% | 73.30% | -27.37% | -16.33% | 40.47% | -65.05% | 167.50% | -49.98% | -77.05% | -21.06% | -84.45% | 64.23% | 59.33% | 122.90% | 213.66% | -10.14% | -14.72% | -17.38% | -284.89% | -35.58% | 9.82% | 15.49% | -186.62% | 78.10% | 67.82% | -37.92% | -2.84% | -15.53% | 355.64% | 6.42% | -9.65% | -4.73% | -77.61% | -42.26% | -2.71% | -2.68% | 31.85% | 164.28% | 89.81% | 140.12% | 105.30% | 25.95% | 337.32% | 51.12% | 40.64% | 703.32% | -1980.97% | ||||||||
qoq | -48.90% | 40.58% | -40.66% | 16.02% | 63.93% | -1.87% | -7.15% | -51.38% | 88.87% | 64.74% | -76.90% | 272.11% | -64.68% | -24.41% | -20.54% | -26.70% | 273.02% | -26.66% | 11.16% | 3.15% | 6.86% | -30.40% | 7.70% | -330.82% | -137.23% | 18.65% | 13.25% | 73.11% | -23.44% | 11.80% | 19.81% | -2.80% | -5.58% | 314.37% | -72.02% | -17.48% | -0.45% | -2.60% | -27.85% | 39.05% | -0.41% | 31.96% | 44.62% | -0.14% | 25.99% | 12.83% | -11.27% | 246.74% | -56.46% | 5.00% | 406.79% | ||||||
net income margin % | 11.21% | 22.79% | 16.35% | 30.32% | 27.76% | 15.59% | 15.05% | 15.87% | 30.56% | 16.21% | 9.85% | 43.12% | 12.19% | 37.22% | 57.31% | 86.52% | 130.72% | 35.56% | 46.47% | 43.45% | 42.66% | 39.46% | 61.60% | 57.59% | -21.20% | 62.14% | 52.02% | 42.56% | 24.64% | 34.06% | 31.28% | NaN% | 58.25% | 51.76% | 51.69% | 56.04% | 13.83% | 51.90% | 60.95% | 65.85% | 67.53% | 92.29% | 70.50% | 70.29% | 58.89% | 46.22% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | Infinity% | NaN% | -Infinity% | |
net income attributable to non-controlling interests | -5,544,000 | -3,846,000 | -5,528,000 | -13,679,000 | -3,942,000 | -53,536,000 | -7,787,000 | -29,177,000 | -29,276,000 | -69,418,000 | -59,715,000 | -11,580,000 | -11,885,000 | -10,074,000 | -11,148,000 | -7,687,000 | -12,900,000 | -13,305,000 | -500,000 | -6,111,000 | -9,605,000 | -5,430,000 | -6,125,000 | -7,800,000 | -4,845,000 | -5,853,000 | -496,000 | -47,000 | -598,000 | -389,000 | -197,000 | -381,000 | -492,000 | -416,000 | 1,886,000 | 1,057,000 | 888,000 | 278,000 | |||||||||||||||||||
net income attributable to starwood property trust, inc. | 51,878,000 | 96,915,000 | 72,560,000 | 129,814,000 | 112,255,000 | 51,643,000 | 76,068,000 | 77,890,000 | 154,332,000 | 70,961,000 | 47,435,000 | 168,843,000 | 51,974,000 | 140,027,000 | 194,562,000 | 212,287,000 | 324,599,000 | 91,449,000 | 128,602,000 | 116,310,000 | 111,378,000 | 106,968,000 | 151,834,000 | 139,656,000 | -66,769,000 | 171,869,000 | 140,396,000 | 127,016,000 | 70,383,000 | 92,132,000 | 84,536,000 | 117,380,000 | 102,358,000 | 105,766,000 | 111,473,000 | 26,657,000 | 96,451,000 | 116,735,000 | 117,148,000 | 120,363,000 | 165,044,000 | 117,868,000 | 120,601,000 | 89,715,000 | 62,281,000 | 62,243,000 | 50,212,000 | 44,490,000 | 50,159,000 | 14,478,000 | 32,424,000 | 31,447,000 | 5,941,000 | ||||
earnings per share data attributable to starwood property trust, inc.: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.13 | 0.26 | 0.19 | 0.38 | 0.33 | 0.14 | 0.23 | 0.24 | 0.49 | 0.22 | 0.15 | 0.54 | 0.16 | 0.45 | 0.62 | 0.68 | 1.04 | 0.31 | 0.44 | 0.4 | 0.39 | 0.37 | 0.53 | 0.49 | -0.24 | 0.61 | 0.5 | 0.45 | 0.25 | 0.33 | 0.31 | 0.45 | 0.39 | 0.44 | 0.47 | 0.11 | |||||||||||||||||||||
diluted | 0.13 | 0.26 | 0.19 | 0.38 | 0.33 | 0.14 | 0.23 | 0.24 | 0.48 | 0.22 | 0.15 | 0.54 | 0.16 | 0.44 | 0.61 | 0.67 | 1.02 | 0.3 | 0.44 | 0.4 | 0.38 | 0.37 | 0.52 | 0.49 | -0.24 | 0.6 | 0.49 | 0.45 | 0.25 | 0.33 | 0.31 | 0.44 | 0.39 | 0.44 | 0.47 | 0.11 | |||||||||||||||||||||
credit loss provision | 10,344,000 | 28,359,000 | 52,425,000 | 66,427,000 | 42,709,000 | 35,839,000 | 25,975,000 | 52,634,000 | 121,925,000 | 44,000 | 10,202,000 | 48,669,000 | |||||||||||||||||||||||||||||||||||||||||||||
gain on derivative financial instruments | 7,903,000 | 5,814,000 | -101,296,000 | -39,689,000 | 138,950,000 | -83,941,000 | 986,000 | 101,939,000 | -157,036,000 | 94,883,000 | 56,376,000 | -32,828,000 | -127,906,000 | 206,070,000 | 128,583,000 | 127,268,000 | 16,571,000 | 41,812,000 | -10,009,000 | 33,989,000 | -47,693,000 | -28,097,000 | 9,710,000 | -26,004,000 | 21,933,000 | -32,000 | 7,105,000 | 11,735,000 | -37,586,000 | -2,328,000 | 20,253,000 | -24,718,000 | 14,275,000 | 2,230,000 | -19,530,000 | 24,623,000 | 29,275,000 | ||||||||||||||||||||
gain on extinguishment of debt | -2,309,000 | 19,990,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income tax provision | -4,445,000 | -13,343,000 | -671,000 | -3,766,000 | -2,291,000 | -7,501,000 | -13,381,000 | -14,843,000 | -4,852,000 | -4,513,000 | -3,533,000 | -334,000 | -850,000 | -8,281,000 | -9,452,000 | -2,667,000 | -706,000 | -94,000 | 10,212,000 | -7,675,000 | -3,792,000 | -15,951,000 | 13,721,000 | 11,193,000 | 777,000 | 823,000 | |||||||||||||||||||||||||||||||
net loss attributable to non-controlling interests | -4,024,500 | -7,370,000 | -4,882,000 | -366,250 | 3,898,000 | 165,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
credit loss provision (reversal) | 5,666,000 | 43,194,000 | 5,030,750 | 15,343,000 | 8,438,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other income | 1,604,000 | 1,000 | 55,000 | 7,124,000 | -964,000 | 685,000 | 176,000 | 172,000 | 102,000 | 388,000 | 588,000 | 123,000 | 1,443,000 | 211,000 | 55,000 | 76,000 | 142,000 | 758,000 | 100,000 | 11,000 | 3,000 | 2,073,000 | 2,701,000 | 6,026,000 | 1,689,000 | 304,000 | 196,000 | 621,000 | 1,548,000 | 754,000 | 975,000 | 663,000 | |||||||||||||||||||||||||
credit loss (reversal) provision | -24,999,000 | -3,658,000 | -3,090,750 | -563,000 | -11,844,000 | 13,821,000 | -3,587,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
acquisition and investment pursuit costs | 300,000 | 211,000 | 145,000 | 269,000 | 1,248,000 | 1,213,000 | 517,000 | 422,000 | 378,000 | 214,000 | 407,000 | 185,000 | 189,000 | 884,000 | 1,590,000 | 909,000 | 477,000 | 163,000 | 74,000 | 342,000 | 122,000 | 6,527,000 | 537,000 | 671,000 | 1,509,000 | 2,888,000 | 1,285,000 | 3,694,000 | 3,682,000 | 4,867,000 | 1,186,000 | 759,000 | 771,000 | 394,000 | 1,177,000 | 3,038,000 | 622,000 | 1,254,000 | 861,000 | 1,201,000 | |||||||||||||||||
foreign currency loss | -4,573,250 | -56,646,000 | -53,300,250 | -107,318,000 | -27,281,000 | -11,681,000 | -4,283,500 | -15,664,000 | -3,214,000 | -378,000 | -6,808,750 | -17,782,000 | |||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan loss provision | 3,884,000 | -39,000 | 2,518,000 | 763,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
change in fair value of mortgage loans held-for-sale | 5,923,000 | 32,521,000 | 21,891,000 | 11,266,000 | 13,949,000 | 3,940,000 | 15,406,000 | 10,593,000 | 49,996,000 | 13,235,000 | 6,891,000 | 13,276,000 | 19,082,000 | 10,831,000 | 21,131,000 | 15,517,000 | 11,608,000 | 20,893,000 | 25,857,000 | 458,000 | |||||||||||||||||||||||||||||||||||||
total other-than-temporary impairment | -267,000 | -109,000 | -711,000 | -54,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
noncredit portion of otti recognized in other comprehensive income | 267,000 | 54,000 | 264,000 | 3,000 | 979,000 | 34,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
net impairment losses recognized in earnings | -109,000 | -711,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated entities | -43,200,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loan loss allowance | 7,095,000 | 929,000 | -2,694,000 | -305,000 | 2,127,000 | 2,029,000 | -761,000 | 77,750 | -2,667,000 | 2,661,000 | 317,000 | 1,575,000 | 497,000 | 1,160,000 | 725,000 | 30,000 | |||||||||||||||||||||||||||||||||||||||||
income before other income, income taxes and non-controlling interests | 29,516,250 | 53,323,000 | 40,058,000 | 33,817,000 | 29,374,000 | 43,339,000 | 49,173,000 | 32,029,000 | 64,078,000 | 46,069,000 | 57,422,000 | 60,994,000 | 53,064,000 | 53,010,000 | 32,229,000 | 26,553,000 | |||||||||||||||||||||||||||||||||||||||||
dividends declared per common share | 0.36 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.36 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | 0.48 | |||||||||||||||||||||||||||||||||||||||||||
income from continuing operations before income taxes | 86,436,000 | 124,791,000 | 121,432,000 | 136,730,000 | 171,226,000 | 124,659,000 | 128,052,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations | 96,648,000 | 117,116,000 | 117,640,000 | 120,779,000 | 167,390,000 | 120,382,000 | 122,432,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations, net of tax | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
earnings per share data attributable to starwood property trust, inc.: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income of consolidated vies | 47,861,000 | 87,778,000 | 47,028,000 | 56,004,000 | 47,963,000 | 31,949,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
business combination costs | 342,000 | 12,982,000 | 4,391,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain on sale of investments | 1,332,000 | 10,078,000 | 1,555,000 | 8,059,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net income. | 0.52 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
per share data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic earnings per share data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from continuing operations attributable to starwood property trust, inc. | 0.62 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income from discontinued operations attributable to starwood property trust, inc. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted earnings per share data: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
residential properties and non-performing loans — other operating costs | 6,023,000 | 1,997,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before income taxes and non-controlling interests | 105,322,000 | 74,531,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income per share | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 0.52 | 0.38 | 0.46 | 0.43 | 0.4 | 0.53 | 0.16 | 0.4 | 0.44 | 0.12 | |||||||||||||||||||||||||||||||||||||||||||||||
diluted | 0.52 | 0.38 | 0.46 | 0.43 | 0.4 | 0.53 | 0.15 | 0.39 | 0.43 | 0.12 | |||||||||||||||||||||||||||||||||||||||||||||||
distributions declared per common share | 0.46 | 0.46 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.44 | 0.42 | ||||||||||||||||||||||||||||||||||||||||||||||||
revenues | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain/loss on sale of investments | 1,050,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gain/loss on derivative financial instruments | 6,158,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
foreign currency gain/loss | 1,580,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment (“otti”), net of 487 and 1,354 recognized in other comprehensive income for the three months ended june 30, 2013 and 2012 and 972 and 2,793 for the six months ended june 30, 2013 and 2012 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net interest margin: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income from mortgage-backed securities | 15,428,000 | 16,585,000 | 15,144,000 | 8,675,000 | 6,195,000 | 7,121,000 | 6,860,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
net interest margin | 66,206,000 | 60,816,000 | 58,421,000 | 65,900,000 | 50,753,000 | 41,127,000 | 31,433,000 | 12,398,000 | 612,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
expenses: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
investment pursuit costs | 81,000 | 531,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total expenses | 23,063,000 | 18,365,000 | 16,832,000 | 19,051,000 | 13,382,000 | 12,955,000 | 11,538,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
income before other income and income taxes | 43,143,000 | 42,451,000 | 41,589,000 | 46,849,000 | 37,371,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment (“otti”), net of 485 and 1,439 recognized in other comprehensive income for the three-months ended march 31, 2013 and 2012, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on sales of investments | 13,859,000 | 9,017,000 | 2,797,000 | 7,333,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
net realized foreign currency gains | 18,000 | 8,834,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on currency derivatives | 16,078,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on interest rate derivatives | 150,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in unrealized (losses) on loans held-for-sale at fair value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on securities | 405,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency remeasurement losses | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income from cash balances | 66,000 | 65,000 | 49,000 | 63,000 | 119,000 | 144,000 | 611,000 | 583,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment (“otti”), net of 61 and 435 recognized in other comprehensive income for the three months ended september 30, 2012 and 2011 and 2,854 and 435 for the nine months ended september 30, 2012 and 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on credit derivatives | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net change in unrealized gains on loans held-for-sale at fair value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency remeasurement gains | 7,062,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment (“otti”), net of 1,354 and 0 recognized in other comprehensive income for the three-months ended june 30, 2012 and 2011 and 2,793 and 0 for the six-months ended june 30, 2012 and 2011 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on currency hedges | 3,375,000 | 8,617,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on interest rate hedges | 93,000 | 566,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net gains on credit hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment (“otti”), net of 1,439 and 0 recognized in other comprehensive income for the three months ended march 31, 2012 and 2011, respectively | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net incomees on currency hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net incomees on credit hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on sales of investments | 4,961,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net (losses) on interest rate hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
gains on credit spread hedges | 2,259,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on loans held for sale at fair value | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
weighted-average number of shares of common stock outstanding: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | 93,249,249 | 82,078,525 | 71,013,358 | 47,662,840 | 47,575,634 | 47,575,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | 94,596,978 | 83,639,365 | 72,743,362 | 48,626,300 | 47,575,634 | 47,575,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
income before other income and taxes | 28,172,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gain/(loss) on sale of investments | 7,771,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized foreign currency gain/ | 28,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized loss on currency hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized loss on interest rate hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized loss on credit spread hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on loans | 5,767,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on interest rate hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on credit spread hedges | 2,628,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized loss on currency hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency remeasurement gain | 1,174,000 | 3,984,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before taxes | 34,135,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
income before other income | 19,895,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment of securities | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized gain on sale of investments | 8,104,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
realized foreign currency loss | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on loans held for sale at fair value | 3,187,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on interest rate hedges | 1,501,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on currency hedges | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
interest income from mortgage backed securities | 4,331,000 | 865,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
total operating expenses | 6,749,000 | 2,966,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net income attributable to noncontrolling interests | 319,000 | 148,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss attributable to starwood property trust, inc. | -1,919,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
net loss per common share: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
basic | -40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
diluted | -40 |
Balance Sheets:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2017-06-30 | 2017-03-31 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2013-09-30 | 2013-06-30 | 2013-03-31 | 2012-09-30 | 2012-06-30 | 2012-03-31 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-03-31 | 2009-12-31 | 2009-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
assets: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents | 290,285,000 | 499,480,000 | 301,135,000 | 259,921,000 | 440,580,000 | 377,831,000 | 357,853,000 | 259,267,000 | 327,363,000 | 194,660,000 | 195,319,000 | 333,929,000 | 395,799,000 | 261,061,000 | 339,710,000 | 272,174,000 | 264,209,000 | 217,362,000 | 273,316,000 | 254,567,000 | 351,190,000 | 563,217,000 | 379,870,000 | 347,734,000 | 811,656,000 | 478,388,000 | 284,117,000 | 334,288,000 | 412,270,000 | 261,894,000 | 222,518,000 | 404,820,000 | 335,219,000 | 368,815,000 | 372,768,000 | 446,478,000 | 360,720,000 | 327,322,000 | 518,627,000 | 226,471,000 | 536,834,000 | 366,787,000 | 173,074,000 | 144,199,000 | 192,841,000 | 132,565,000 | 84,835,000 | 96,730,000 | 122,692,000 | 107,994,000 | 645,129,000 | 892,714,000 |
restricted cash | 375,777,000 | 175,167,000 | 237,972,000 | 214,944,000 | 251,771,000 | 176,164,000 | 152,283,000 | 176,435,000 | 125,341,000 | 117,312,000 | 235,951,000 | 120,283,000 | 135,637,000 | 121,072,000 | 121,570,000 | 64,632,000 | 109,565,000 | 104,552,000 | 110,472,000 | 106,009,000 | 118,724,000 | 158,945,000 | 131,336,000 | 176,397,000 | 119,737,000 | 95,643,000 | 110,541,000 | 181,910,000 | 133,714,000 | 43,299,000 | 40,016,000 | 41,131,000 | 48,375,000 | 23,069,000 | 43,620,000 | 26,791,000 | 39,568,000 | 45,725,000 | 44,561,000 | 43,117,000 | 82,706,000 | 69,638,000 | 41,469,000 | |||||||||
loans held-for-investment, net of credit loss allowances of 397,695 and 440,842 | 19,281,560,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-sale, at fair value | 2,322,940,000 | 2,323,543,000 | 2,561,155,000 | 2,494,838,000 | 2,446,636,000 | 2,516,008,000 | 2,773,379,000 | 2,820,026,000 | 2,645,637,000 | 2,602,265,000 | 2,810,889,000 | 2,784,594,000 | 2,205,684,000 | 2,684,512,000 | 610,116,000 | 340,266,000 | 237,106,000 | 154,225,000 | 203,865,000 | 343,770,000 | 248,165,000 | 154,412,000 | 186,837,000 | |||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 46,910 and 37,369 | 308,203,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
properties | 3,859,134,000 | 3,448,652,000 | 3,334,483,000 | 1,480,011,000 | 1,413,234,000 | 1,373,678,000 | 1,194,590,000 | 1,206,671,000 | 1,044,565,000 | 1,046,384,000 | 1,405,791,000 | 1,442,763,000 | 1,443,979,000 | 1,449,986,000 | 1,217,426,000 | 1,225,979,000 | 1,122,357,000 | 1,166,387,000 | 2,228,862,000 | 2,243,569,000 | 2,244,748,000 | 2,271,153,000 | 2,207,822,000 | 2,224,323,000 | 2,769,374,000 | 1,960,498,000 | 1,937,968,000 | 1,232,855,000 | 1,154,975,000 | 919,225,000 | 530,438,000 | 397,016,000 | ||||||||||||||||||||
investments of consolidated affordable housing fund, at fair value | 1,729,433,000 | 1,727,499,000 | 1,861,931,000 | 2,055,555,000 | 2,065,498,000 | 2,073,533,000 | 1,984,822,000 | 2,004,983,000 | 2,008,937,000 | 2,012,833,000 | 1,979,184,000 | 1,976,985,000 | 1,762,162,000 | 1,761,002,000 | 1,669,265,000 | 1,558,850,000 | 1,264,160,000 | 1,040,309,000 | ||||||||||||||||||||||||||||||||||
investments in unconsolidated entities | 85,558,000 | 84,752,000 | 81,090,000 | 81,419,000 | 98,462,000 | 99,370,000 | 91,009,000 | 97,424,000 | 96,927,000 | 90,376,000 | 91,924,000 | 93,651,000 | 93,069,000 | 91,892,000 | 83,164,000 | 85,510,000 | 89,250,000 | 90,097,000 | ||||||||||||||||||||||||||||||||||
goodwill | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 259,846,000 | 140,437,000 | 140,437,000 | 140,437,000 | 140,437,000 | 140,437,000 | 140,437,000 | 140,437,000 | 140,437,000 | 140,437,000 | 140,437,000 | 140,437,000 | 107,099,000 | 100,850,000 | ||||||||||
intangible assets | 426,655,000 | 436,059,000 | 429,818,000 | 54,432,000 | 59,797,000 | 60,704,000 | 60,159,000 | 62,264,000 | 63,267,000 | 64,967,000 | 65,989,000 | 68,232,000 | 66,796,000 | 68,773,000 | 73,096,000 | 74,964,000 | 62,148,000 | 63,564,000 | 65,122,000 | 65,193,000 | 66,772,000 | 70,117,000 | 74,139,000 | 76,293,000 | 82,005,000 | 85,700,000 | 119,947,000 | 129,477,000 | 136,835,000 | 191,366,000 | 202,094,000 | 177,053,000 | 180,476,000 | 201,570,000 | 191,080,000 | 175,607,000 | ||||||||||||||||
derivative assets | 32,251,000 | 45,813,000 | 37,314,000 | 71,954,000 | 84,972,000 | 175,520,000 | 74,639,000 | 70,530,000 | 82,916,000 | 63,437,000 | 133,016,000 | 79,009,000 | 96,619,000 | 108,621,000 | 251,171,000 | 128,727,000 | 60,869,000 | 48,216,000 | 52,566,000 | 35,615,000 | 38,029,000 | 40,555,000 | 64,825,000 | 90,905,000 | 101,448,000 | 28,943,000 | 81,483,000 | 53,676,000 | 47,410,000 | 46,078,000 | 71,040,000 | 42,692,000 | 36,938,000 | 45,091,000 | 36,307,000 | 25,026,000 | 58,601,000 | 13,354,000 | 4,681,000 | 4,617,000 | 9,513,000 | 21,402,000 | 14,933,000 | 11,024,000 | 9,795,000 | 9,455,000 | 3,649,000 | 3,406,000 | 1,825,000 | |||
accrued interest receivable | 177,408,000 | 162,679,000 | 167,572,000 | 164,641,000 | 142,691,000 | 167,767,000 | 197,146,000 | 197,114,000 | 194,498,000 | 200,867,000 | 173,260,000 | 189,622,000 | 181,807,000 | 168,521,000 | 154,148,000 | 131,660,000 | 123,801,000 | 116,262,000 | 108,126,000 | 113,800,000 | 101,713,000 | 95,980,000 | 78,030,000 | 71,748,000 | 58,537,000 | 64,087,000 | 51,777,000 | 61,380,000 | 60,314,000 | 33,346,000 | 32,759,000 | 30,036,000 | 35,972,000 | 34,314,000 | 36,042,000 | 38,354,000 | 39,121,000 | 35,065,000 | 37,483,000 | 34,515,000 | 20,952,000 | 25,504,000 | 20,500,000 | 18,314,000 | 19,172,000 | 15,851,000 | 14,066,000 | 11,868,000 | 10,938,000 | 6,026,000 | 2,180,000 | 1,025,000 |
other assets | 538,466,000 | 362,991,000 | 378,255,000 | 381,568,000 | 409,804,000 | 368,229,000 | 293,162,000 | 309,127,000 | 319,853,000 | 420,773,000 | 526,442,000 | 489,526,000 | 356,076,000 | 297,477,000 | 418,458,000 | 257,185,000 | 261,192,000 | 188,626,000 | 294,670,000 | 241,503,000 | 208,873,000 | 190,748,000 | 163,474,000 | 184,147,000 | 203,909,000 | 211,323,000 | 250,773,000 | 166,655,000 | 227,153,000 | 163,648,000 | 107,979,000 | 118,050,000 | 111,860,000 | 142,263,000 | 137,296,000 | 116,198,000 | 128,848,000 | 123,472,000 | 165,532,000 | 111,223,000 | 98,383,000 | 87,143,000 | 56,675,000 | 22,385,000 | 38,643,000 | 11,564,000 | 11,517,000 | 24,271,000 | 7,782,000 | 1,401,000 | 737,000 | 1,072,000 |
variable interest entity (“vie”) assets, at fair value | 32,399,812,000 | 34,493,164,000 | 34,205,812,000 | 36,522,250,000 | 37,470,618,000 | 38,937,576,000 | 39,950,395,000 | 39,665,392,000 | 41,633,853,000 | 43,786,356,000 | 44,668,904,000 | 46,864,870,000 | 50,526,390,000 | 52,453,041,000 | 54,215,370,000 | 57,993,563,000 | 57,763,543,000 | 61,280,543,000 | 62,346,480,000 | 63,493,796,000 | 62,367,110,000 | 64,238,328,000 | 64,477,475,000 | 64,175,387,000 | 61,157,805,000 | 62,187,175,000 | 59,249,054,000 | 57,667,606,000 | 56,974,864,000 | 53,902,715,000 | 60,185,851,000 | 80,076,117,000 | 85,115,662,000 | 76,675,689,000 | 82,937,617,000 | 92,719,092,000 | 103,363,978,000 | 109,468,293,000 | 114,091,158,000 | 118,451,518,000 | 97,359,666,000 | |||||||||||
total assets | 62,087,328,000 | 63,183,357,000 | 62,433,975,000 | 62,369,363,000 | 62,163,347,000 | 62,556,497,000 | 64,233,850,000 | 64,089,402,000 | 66,169,669,000 | 69,504,196,000 | 70,293,689,000 | 73,170,367,000 | 77,354,380,000 | 79,043,129,000 | 80,002,858,000 | 83,098,886,000 | 81,187,898,000 | 83,850,397,000 | 81,980,864,000 | 81,309,302,000 | 79,702,323,000 | 80,873,509,000 | 80,617,639,000 | 79,556,279,000 | 77,577,189,000 | 78,042,336,000 | 74,434,100,000 | 72,947,361,000 | 72,165,588,000 | 64,542,945,000 | 70,478,741,000 | 89,386,361,000 | 94,436,306,000 | 85,738,138,000 | 91,819,407,000 | 101,585,236,000 | 111,980,814,000 | 116,893,937,000 | 121,363,503,000 | 125,172,361,000 | 104,074,575,000 | 103,185,396,000 | 4,610,968,000 | 3,805,347,000 | 3,461,535,000 | 3,241,514,000 | 2,497,269,000 | 2,648,957,000 | 2,392,397,000 | 1,139,883,000 | 1,108,786,000 | 1,102,786,000 |
liabilities and equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
liabilities: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable, accrued expenses and other liabilities | 537,385,000 | 499,750,000 | 532,030,000 | 398,274,000 | 479,895,000 | 434,584,000 | 395,234,000 | 344,582,000 | 259,998,000 | 293,442,000 | 407,715,000 | 268,077,000 | 277,330,000 | 298,999,000 | 562,461,000 | 273,414,000 | 196,145,000 | 189,696,000 | 210,080,000 | 182,226,000 | 178,215,000 | 206,845,000 | 201,491,000 | 211,722,000 | 221,669,000 | 212,006,000 | 234,120,000 | 221,434,000 | 193,143,000 | 171,449,000 | 151,405,000 | 140,612,000 | 139,286,000 | 156,805,000 | 137,786,000 | 141,087,000 | 112,954,000 | 154,058,000 | 140,809,000 | 137,831,000 | 189,172,000 | 175,118,000 | ||||||||||
related-party payable | 33,708,000 | 31,662,000 | 27,939,000 | 25,846,000 | 36,538,000 | 38,958,000 | 25,542,000 | 27,849,000 | 44,226,000 | 44,816,000 | 24,282,000 | 27,325,000 | 39,583,000 | 41,186,000 | 26,146,000 | 30,754,000 | 56,615,000 | 76,371,000 | 23,378,000 | 26,431,000 | 36,135,000 | 39,170,000 | 22,096,000 | 20,941,000 | 39,266,000 | 40,925,000 | 24,486,000 | 21,144,000 | 23,945,000 | 22,778,000 | 25,997,000 | 20,318,000 | 24,157,000 | 40,955,000 | 22,804,000 | 24,559,000 | 27,673,000 | 24,866,000 | 24,475,000 | 29,458,000 | 26,788,000 | 20,613,000 | 11,110,000 | 12,545,000 | 11,717,000 | 13,350,000 | 7,754,000 | 8,167,000 | 7,209,000 | 3,584,000 | 3,546,000 | 2,210,000 |
dividends payable | 180,900,000 | 180,413,000 | 180,113,000 | 166,227,000 | 165,039,000 | 163,383,000 | 163,669,000 | 153,422,000 | 153,174,000 | 152,888,000 | 152,737,000 | 152,418,000 | 152,267,000 | 151,511,000 | 150,196,000 | 149,991,000 | 148,743,000 | 147,624,000 | 139,738,000 | 139,457,000 | 138,906,000 | 137,959,000 | 138,264,000 | 138,778,000 | 137,529,000 | 137,427,000 | 137,273,000 | 136,424,000 | 135,889,000 | 126,171,000 | 126,048,000 | 115,013,000 | 114,839,000 | 114,947,000 | 115,191,000 | 115,575,000 | 108,435,000 | 108,056,000 | 108,012,000 | 95,424,000 | 90,130,000 | 76,900,000 | 60,147,000 | 51,629,000 | 51,603,000 | 41,439,000 | 41,556,000 | 41,678,000 | 30,539,000 | 10,698,000 | 5,349,000 | 5,349,000 |
derivative liabilities | 79,430,000 | 83,983,000 | 93,571,000 | 142,341,000 | 72,975,000 | 94,890,000 | 118,161,000 | 76,131,000 | 74,647,000 | 102,467,000 | 85,657,000 | 97,483,000 | 78,407,000 | 91,404,000 | 82,766,000 | 55,137,000 | 38,709,000 | 13,421,000 | 15,615,000 | 33,061,000 | 34,805,000 | 41,324,000 | 13,452,000 | 3,880,000 | 5,118,000 | 8,740,000 | 4,781,000 | 8,891,000 | 10,163,000 | 8,051,000 | 1,567,000 | 17,870,000 | 16,202,000 | 5,196,000 | 14,901,000 | 6,290,000 | 11,945,000 | 5,462,000 | 26,294,000 | 18,057,000 | 32,252,000 | 16,868,000 | 17,468,000 | 25,591,000 | 14,833,000 | 16,307,000 | 21,062,000 | 19,926,000 | 12,455,000 | |||
secured financing agreements | 13,769,576,000 | 12,678,948,000 | 14,663,218,000 | 13,540,389,000 | 12,438,438,000 | 11,151,557,000 | 11,854,618,000 | 12,102,859,000 | 12,556,487,000 | 13,867,996,000 | 13,557,881,000 | 14,505,047,000 | 14,846,988,000 | 14,501,532,000 | 13,495,902,000 | 13,147,447,000 | 11,531,571,000 | 12,576,850,000 | 11,502,052,000 | 9,932,662,000 | 10,895,932,000 | 10,146,190,000 | 9,615,892,000 | 8,836,320,000 | 9,689,683,000 | 8,906,048,000 | 8,248,088,000 | 9,284,887,000 | 9,234,910,000 | 4,750,923,000 | 4,414,917,000 | 4,476,221,000 | 4,480,960,000 | 4,019,035,000 | 3,682,274,000 | 3,579,503,000 | 3,711,834,000 | 2,708,108,000 | 2,561,267,000 | 2,601,062,000 | 1,312,044,000 | 1,707,366,000 | 1,027,820,000 | 1,309,450,000 | 1,065,388,000 | 1,308,860,000 | 604,335,000 | 697,668,000 | 804,558,000 | 196,350,000 | 171,394,000 | 171,507,000 |
securitized financing | 5,081,897,000 | 5,131,453,000 | 3,522,488,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
unsecured senior notes | 4,287,646,000 | 4,283,836,000 | 3,245,122,000 | 3,242,251,000 | 2,747,330,000 | 2,994,682,000 | 2,757,146,000 | 2,754,370,000 | 2,751,666,000 | 2,158,888,000 | 2,456,583,000 | 2,083,517,000 | 2,331,445,000 | 2,329,211,000 | 2,326,988,000 | 2,324,772,000 | 2,322,630,000 | 1,828,590,000 | 1,733,684,000 | 1,737,383,000 | 1,735,658,000 | 1,732,520,000 | 1,934,555,000 | 1,932,560,000 | 1,930,584,000 | 1,928,622,000 | 1,926,693,000 | 1,924,711,000 | 1,922,795,000 | 2,039,086,000 | 2,033,384,000 | |||||||||||||||||||||
vie liabilities, at fair value | 30,768,059,000 | 32,803,806,000 | 32,597,454,000 | 34,902,530,000 | 35,901,085,000 | 37,288,545,000 | 38,334,618,000 | 38,132,695,000 | 40,065,423,000 | 42,175,734,000 | 42,997,104,000 | 45,183,730,000 | 48,838,686,000 | 50,754,355,000 | 52,501,845,000 | 56,256,080,000 | 56,185,937,000 | 59,752,922,000 | 60,894,975,000 | 62,001,710,000 | 60,896,709,000 | 62,776,371,000 | 62,876,265,000 | 62,617,975,000 | 59,807,306,000 | 60,743,494,000 | 58,018,209,000 | 56,446,619,000 | 55,727,776,000 | 52,864,038,000 | 59,147,068,000 | 79,087,142,000 | 84,151,022,000 | 75,817,014,000 | 82,181,138,000 | 92,046,550,000 | 102,708,732,000 | 108,879,922,000 | 113,541,151,000 | 117,931,005,000 | 96,934,006,000 | |||||||||||
total liabilities | 54,738,601,000 | 55,693,851,000 | 54,861,935,000 | 55,200,633,000 | 55,006,596,000 | 55,363,025,000 | 56,951,237,000 | 57,115,629,000 | 59,129,488,000 | 62,481,214,000 | 63,200,233,000 | 65,977,390,000 | 70,237,489,000 | 71,844,422,000 | 72,837,300,000 | 76,001,746,000 | 74,278,245,000 | 77,201,590,000 | 77,133,752,000 | 76,457,602,000 | 74,847,538,000 | 76,010,933,000 | 75,731,946,000 | 74,691,483,000 | 72,759,838,000 | 72,905,322,000 | 69,521,086,000 | 68,044,110,000 | 67,248,621,000 | 59,982,496,000 | 65,935,386,000 | 85,286,268,000 | 90,345,443,000 | 81,567,195,000 | 87,618,227,000 | 97,366,111,000 | 108,100,698,000 | 113,029,974,000 | 117,548,670,000 | 121,956,714,000 | 99,761,146,000 | 99,597,063,000 | 1,830,569,000 | 1,504,109,000 | 1,212,467,000 | 1,449,083,000 | 741,042,000 | 848,524,000 | 1,056,369,000 | 244,894,000 | 212,751,000 | 207,239,000 |
commitments and contingencies | ||||||||||||||||||||||||||||||||||||||||||||||||||||
temporary equity: redeemable non-controlling interests | 357,487,000 | 364,118,000 | 385,853,000 | 425,453,000 | 426,835,000 | 426,695,000 | 410,799,000 | 414,095,000 | 415,485,000 | 414,348,000 | 409,659,000 | 408,034,000 | 364,418,000 | 362,790,000 | 344,373,000 | 322,753,000 | 261,685,000 | 214,915,000 | ||||||||||||||||||||||||||||||||||
permanent equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
starwood property trust, inc. stockholders’ equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 per share, 100,000,000 shares authorized, no shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||
common stock | 3,793,000 | 3,780,000 | 3,778,000 | 3,491,000 | 3,468,000 | 3,449,000 | 3,447,000 | 3,241,000 | 3,234,000 | 3,208,000 | 3,205,000 | 3,202,000 | 3,197,000 | 3,181,000 | 3,170,000 | 3,167,000 | 3,144,000 | 3,123,000 | 2,961,000 | 2,952,000 | 2,943,000 | 2,921,000 | 2,918,000 | 2,916,000 | 2,894,000 | 2,874,000 | 2,871,000 | 2,864,000 | 2,855,000 | 2,652,000 | 2,648,000 | 2,427,000 | 2,422,000 | 2,410,000 | 2,407,000 | 2,402,000 | 2,255,000 | 2,236,000 | 2,232,000 | 1,967,000 | 1,959,000 | 1,670,000 | 1,363,000 | 1,175,000 | 1,173,000 | 940,000 | 926,000 | 926,000 | 706,000 | 476,000 | 476,000 | 476,000 |
additional paid-in capital | 6,974,621,000 | 6,957,216,000 | 6,944,046,000 | 6,395,441,000 | 6,343,893,000 | 6,322,763,000 | 6,311,863,000 | 5,906,653,000 | 5,885,852,000 | 5,864,670,000 | 5,855,962,000 | 5,842,813,000 | 5,826,509,000 | 5,807,087,000 | 5,779,687,000 | 5,766,533,000 | 5,709,027,000 | 5,673,376,000 | 5,270,265,000 | 5,248,490,000 | 5,225,037,000 | 5,209,739,000 | 5,200,716,000 | 5,193,572,000 | 5,159,069,000 | 5,132,532,000 | 5,121,671,000 | 5,103,771,000 | 5,080,173,000 | 4,697,497,000 | 4,689,698,000 | 4,220,887,000 | 4,210,904,000 | 4,192,844,000 | 4,184,538,000 | 4,173,869,000 | 3,837,040,000 | 3,793,428,000 | 3,784,575,000 | 3,192,245,000 | 4,295,058,000 | 3,580,096,000 | 2,754,491,000 | 2,297,971,000 | 2,294,210,000 | 1,832,082,000 | 1,825,019,000 | 1,821,233,000 | 1,341,837,000 | 897,417,000 | 895,857,000 | 894,254,000 |
treasury stock | -157,958,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -138,022,000 | -133,024,000 | -133,024,000 | -133,024,000 | -104,194,000 | -104,194,000 | -104,194,000 | -104,194,000 | -92,104,000 | -92,104,000 | -92,104,000 | -92,104,000 | -72,381,000 | -61,525,000 | -32,464,000 | -23,635,000 | |||||||||||||||
accumulated deficit | -165,868,000 | -687,980,000 | -677,375,000 | -654,750,000 | -629,733,000 | -599,014,000 | -614,093,000 | -616,765,000 | -381,719,000 | -417,529,000 | -421,858,000 | -413,553,000 | -146,863,000 | -138,700,000 | -103,373,000 | -100,201,000 | -12,286,000 | -13,123,000 | -8,366,000 | -7,268,000 | ||||||||||||||||||||||||||||||||
accumulated other comprehensive income | 10,881,000 | 11,560,000 | 11,935,000 | 12,785,000 | 12,727,000 | 13,594,000 | 16,256,000 | 13,920,000 | 14,061,000 | 15,352,000 | 14,114,000 | 17,355,000 | 19,851,000 | 20,955,000 | 22,776,000 | 28,970,000 | 35,669,000 | 40,953,000 | 40,486,000 | 41,310,000 | 41,654,000 | 43,993,000 | 42,285,000 | 42,866,000 | 35,884,000 | 50,932,000 | 52,377,000 | 57,124,000 | 55,798,000 | 55,981,000 | 40,067,000 | 32,627,000 | 33,457,000 | 29,729,000 | 39,510,000 | 45,901,000 | 39,362,000 | 69,681,000 | 74,962,000 | 80,115,000 | 69,287,000 | 60,285,000 | 70,544,000 | 62,183,000 | 12,287,000 | 10,863,000 | 5,479,000 | 3,086,000 | ||||
total starwood property trust, inc. stockholders’ equity | 6,665,469,000 | 6,795,516,000 | 6,864,314,000 | 6,422,210,000 | 6,405,665,000 | 6,437,107,000 | 6,539,723,000 | 6,218,474,000 | 6,272,747,000 | 6,251,089,000 | 6,321,015,000 | 6,414,494,000 | 6,382,225,000 | 6,462,438,000 | 6,446,799,000 | 6,393,996,000 | 6,279,695,000 | 6,072,536,000 | 4,487,710,000 | 4,477,355,000 | 4,476,862,000 | 4,488,898,000 | 4,513,881,000 | 4,492,237,000 | 4,448,058,000 | 4,700,425,000 | 4,655,196,000 | 4,637,707,000 | 4,621,079,000 | 4,517,163,000 | 4,501,609,000 | 4,060,464,000 | 4,054,478,000 | 4,140,316,000 | 4,170,773,000 | 4,193,831,000 | 3,857,572,000 | 3,849,012,000 | 3,801,441,000 | 3,204,143,000 | 4,270,323,000 | 3,546,486,000 | 2,745,451,000 | 2,295,749,000 | 2,243,506,000 | 1,786,834,000 | 1,755,773,000 | 1,799,990,000 | 1,327,235,000 | 884,323,000 | 887,967,000 | 887,462,000 |
non-controlling interests in consolidated subsidiaries | 325,771,000 | 329,872,000 | 321,873,000 | 321,067,000 | 324,251,000 | 329,670,000 | 332,091,000 | 341,204,000 | 351,949,000 | 357,545,000 | 362,782,000 | 370,449,000 | 370,248,000 | 373,479,000 | 374,386,000 | 380,391,000 | 368,273,000 | 361,356,000 | 359,402,000 | 374,345,000 | 377,923,000 | 373,678,000 | 371,812,000 | 372,559,000 | 369,293,000 | 436,589,000 | 257,818,000 | 265,544,000 | 295,888,000 | 43,286,000 | 41,746,000 | 39,629,000 | 36,385,000 | 30,627,000 | 30,407,000 | 25,294,000 | 22,544,000 | 14,951,000 | 13,392,000 | 11,504,000 | 43,106,000 | 41,847,000 | 34,948,000 | 5,489,000 | 5,562,000 | 5,597,000 | ||||||
total permanent equity | 6,991,240,000 | 7,125,388,000 | 7,186,187,000 | 6,743,277,000 | 6,729,916,000 | 6,766,777,000 | 6,871,814,000 | 6,559,678,000 | 6,624,696,000 | 6,608,634,000 | 6,683,797,000 | 6,784,943,000 | 6,752,473,000 | 6,835,917,000 | 6,821,185,000 | 6,774,387,000 | 6,647,968,000 | 6,433,892,000 | ||||||||||||||||||||||||||||||||||
total liabilities and equity | 62,087,328,000 | 63,183,357,000 | 62,433,975,000 | 62,369,363,000 | 62,163,347,000 | 62,556,497,000 | 64,233,850,000 | 64,089,402,000 | 66,169,669,000 | 69,504,196,000 | 70,293,689,000 | 73,170,367,000 | 77,354,380,000 | 79,043,129,000 | 80,002,858,000 | 83,098,886,000 | 81,187,898,000 | 83,850,397,000 | 81,980,864,000 | 81,309,302,000 | 79,702,323,000 | 80,873,509,000 | 80,617,639,000 | 79,556,279,000 | 77,577,189,000 | 78,042,336,000 | 74,434,100,000 | 72,947,361,000 | 72,165,588,000 | 64,542,945,000 | 70,478,741,000 | 89,386,361,000 | 94,436,306,000 | 85,738,138,000 | 91,819,407,000 | 101,585,236,000 | 111,980,814,000 | 116,893,937,000 | 121,363,503,000 | 125,172,361,000 | 104,074,575,000 | 103,185,396,000 | 4,610,968,000 | 3,805,347,000 | 3,461,535,000 | 3,241,514,000 | 1,108,786,000 | |||||
loans held-for-investment, net of credit loss allowances of 440,842 and 448,295 | 18,862,712,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 37,369 and 24,463 | 301,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
retained earnings | -39,018,000 | 42,577,000 | 148,515,000 | 183,599,000 | 235,323,000 | 346,179,000 | 432,682,000 | 507,622,000 | 505,881,000 | 585,756,000 | 689,146,000 | 670,690,000 | 769,237,000 | 779,188,000 | 733,348,000 | 669,877,000 | 493,106,000 | 5,843,000 | 4,123,000 | 2,550,000 | 7,302,000 | |||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 434,051 and 448,295 | 18,318,757,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 31,512 and 24,463 | 258,835,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 417,320 and 448,295 | 17,825,386,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 25,500 and 24,463 | 502,598,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
collateralized loan obligations and single asset securitization | 2,782,775,000 | 3,165,296,000 | 3,196,426,000 | 3,302,249,000 | 3,523,721,000 | 3,223,867,000 | 3,491,292,000 | 3,518,274,000 | 3,659,793,000 | 3,672,783,000 | 3,676,224,000 | 3,690,996,000 | 3,764,151,000 | 3,797,895,000 | 2,616,116,000 | 2,614,230,000 | ||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 428,067 and 448,295 | 16,521,979,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 23,490 and 24,463 | 497,459,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 448,295 and 309,039 | 15,437,013,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 24,463 and 13,143 | 533,258,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
properties held-for-sale | 290,937,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
debt related to properties held-for-sale | 193,691,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 404,924 and 309,039 | 16,128,765,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 23,177 and 13,143 | 715,802,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
debt related to properties held for sale | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 354,065 and 309,039 | 16,294,609,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 20,218 and 13,143 | 665,714,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 331,646 and 309,039 | 16,606,862,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-sale | 2,689,368,000 | 2,774,388,000 | 2,236,647,000 | 2,876,800,000 | 2,183,519,000 | 961,677,000 | 844,631,000 | 1,052,835,000 | 1,012,673,000 | 671,759,000 | 1,174,934,000 | 884,150,000 | 1,442,119,000 | 1,586,899,000 | 1,144,490,000 | 450,828,000 | 367,408,000 | 345,139,000 | 586,492,000 | 378,690,000 | ||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 17,589 and 13,143 | 716,073,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 309,039 and 99,413 | 17,574,249,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 13,143 and 3,182 | 735,562,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 271,320 and 99,413 | 17,234,205,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 12,994 and 3,182 | 721,593,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 236,804 and 99,413 | 17,713,146,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 10,620 and 3,182 | 764,117,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 134,430 and 99,413 | 18,452,424,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 10,240 and 3,182 | 772,887,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 99,413 and 67,270 | 18,401,439,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 3,182 and 8,610 | 815,804,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 92,611 and 67,270 | 18,103,822,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 3,928 and 8,610 | 890,128,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 77,449 and 67,270 | 17,895,789,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 4,505 and 8,610 | 913,360,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 68,260 and 67,270 | 16,253,257,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 3,385 and 8,610 | 869,189,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 67,270 and 77,444 | 15,536,849,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 8,610 and 5,675 | 860,984,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 57,573 and 77,444 | 13,292,998,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 6,389 and 5,675 | 670,887,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entities | 94,000,000 | 96,789,000 | 100,907,000 | 108,054,000 | 104,384,000 | 104,913,000 | 87,334,000 | 84,329,000 | 126,115,000 | 119,876,000 | 124,360,000 | 229,539,000 | 201,823,000 | 200,541,000 | 196,637,000 | 199,201,000 | 199,171,000 | 204,255,000 | 209,833,000 | 110,569,000 | 118,621,000 | 104,520,000 | 138,168,000 | 133,433,000 | ||||||||||||||||||||||||||||
equity: | ||||||||||||||||||||||||||||||||||||||||||||||||||||
total equity | 4,847,112,000 | 4,851,700,000 | 4,854,785,000 | 4,862,576,000 | 4,885,693,000 | 4,864,796,000 | 4,817,351,000 | 5,137,014,000 | 4,913,014,000 | 4,903,251,000 | 4,916,967,000 | 4,560,449,000 | 4,543,355,000 | 4,100,093,000 | 4,090,863,000 | 4,170,943,000 | 4,201,180,000 | 4,219,125,000 | 3,880,116,000 | 3,863,963,000 | 3,814,833,000 | 3,215,647,000 | 4,313,429,000 | 3,588,333,000 | 2,780,399,000 | 2,301,238,000 | 2,249,068,000 | 1,792,431,000 | 1,756,227,000 | 1,800,433,000 | 1,336,028,000 | 894,989,000 | 896,035,000 | 895,547,000 | ||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 59,825 and 77,444 | 12,763,372,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 4,929 and 5,675 | 673,566,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
collateralized loan obligations | 2,404,672,000 | 931,178,000 | 930,554,000 | 929,931,000 | 929,307,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 72,284 and 77,444 | 12,321,493,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 5,387 and 5,675 | 678,287,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 77,444 and 33,415 | 11,087,073,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 5,675 and 0 | 736,658,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 109,747 and 33,415 | 10,918,652,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 6,425 and 0 | 745,113,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 111,272 and 33,415 | 10,420,802,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 6,891 and 0 | 752,025,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment, net of credit loss allowances of 97,187 and 33,415 | 10,488,936,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investment securities, net of credit loss allowances of 5,037 and 0 | 777,972,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held-for-investment | 10,586,074,000 | 8,919,653,000 | 8,764,216,000 | 8,964,725,000 | 6,211,075,000 | 6,230,819,000 | 5,693,452,000 | 6,187,654,000 | 5,973,079,000 | 5,814,886,000 | 5,915,396,000 | 6,040,825,000 | 5,198,927,000 | 4,885,854,000 | 4,634,923,000 | 3,790,262,000 | 2,935,519,000 | |||||||||||||||||||||||||||||||||||
loans transferred as secured borrowings | 35,000,000 | 93,268,000 | 88,512,000 | 86,573,000 | 142,456,000 | 135,940,000 | 95,000,000 | 142,516,000 | 142,867,000 | 143,042,000 | 85,590,000 | 85,641,000 | 85,763,000 | 86,021,000 | ||||||||||||||||||||||||||||||||||||||
investment securities | 810,238,000 | 809,137,000 | 849,572,000 | 910,233,000 | 748,934,000 | 730,171,000 | 898,803,000 | 649,364,000 | 724,947,000 | 786,461,000 | 877,238,000 | 1,021,311,000 | 894,302,000 | 902,424,000 | 923,085,000 | 566,793,000 | 749,918,000 | |||||||||||||||||||||||||||||||||||
secured borrowings on transferred loans | 35,000,000 | 94,668,000 | 89,905,000 | 88,000,000 | 143,926,000 | 137,302,000 | 95,000,000 | 142,575,000 | 142,815,000 | 143,038,000 | ||||||||||||||||||||||||||||||||||||||||||
convertible senior notes | 1,334,424,000 | 1,329,072,000 | 1,325,243,000 | 1,320,207,000 | 1,315,245,000 | 1,324,125,000 | 1,006,927,000 | 1,003,847,000 | 1,000,839,000 | 995,072,000 | 562,226,000 | 560,423,000 | ||||||||||||||||||||||||||||||||||||||||
intangible assets—servicing rights | 138,802,000 | 145,790,000 | 156,846,000 | 168,056,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
residential real estate | 548,022,000 | 355,940,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
non-performing residential loans | 197,716,000 | 192,010,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
intangible assets — servicing rights | 187,732,000 | 190,646,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
loan transfer secured borrowings | 86,682,000 | 87,163,000 | 87,523,000 | 88,268,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
loan participation liability | 95,000,000 | 95,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
variable interest entity assets, at fair value | 97,284,473,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
variable interest entity liabilities, at fair value | 96,855,809,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
loans held for investment | 2,530,489,000 | 2,580,789,000 | 2,170,532,000 | 2,333,507,000 | 1,816,047,000 | 734,160,000 | ||||||||||||||||||||||||||||||||||||||||||||||
mortgage-backed securities, available-for-sale, at fair value | 635,533,000 | 866,865,000 | 908,505,000 | 644,138,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
securities, held to maturity | 37,190,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
other investments | 430,044,000 | 75,750,000 | 71,753,000 | 44,144,000 | 43,515,000 | 43,877,000 | 19,645,000 | 7,673,000 | ||||||||||||||||||||||||||||||||||||||||||||
receivable for securities sold | 206,608,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 18,738,000 | 8,869,000 | 5,653,000 | 5,053,000 | 5,182,000 | 7,303,000 | 5,501,000 | 5,861,000 | 1,034,000 | 697,000 | ||||||||||||||||||||||||||||||||||||||||||
other liabilities | 47,340,000 | 7,757,000 | 10,521,000 | 11,096,000 | 7,732,000 | 20,136,000 | 2,423,000 | 1,206,000 | 4,233,000 | 281,000 | ||||||||||||||||||||||||||||||||||||||||||
loans held-for-sale at fair value | ||||||||||||||||||||||||||||||||||||||||||||||||||||
loans held in securitization trust | 50,294,000 | 50,290,000 | 50,311,000 | 50,327,000 | 50,298,000 | |||||||||||||||||||||||||||||||||||||||||||||||
collateralized debt obligation in securitization trust | 52,752,000 | 52,978,000 | 53,421,000 | 53,646,000 | 53,870,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loans held for sale at fair value | 121,229,000 | 296,672,000 | 206,246,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
mortgage backed securities, available-for-sale, at fair value | 352,100,000 | 282,763,000 | 335,550,000 | |||||||||||||||||||||||||||||||||||||||||||||||||
liabilities and stockholders’ equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||
payable for unsettled securities purchased | 112,619,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | 27,195,000 | 27,195,000 | 27,195,000 | 27,195,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in consolidated subsidiaries | 454,000 | 443,000 | 8,793,000 | 10,666,000 | ||||||||||||||||||||||||||||||||||||||||||||||||
total liabilities and stockholders’ equity | 2,497,269,000 | 2,648,957,000 | 2,392,397,000 | 1,139,883,000 | 1,102,786,000 | |||||||||||||||||||||||||||||||||||||||||||||||
loans, held for investment | 1,839,043,000 | 1,524,680,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
cash collateral under treasury securities loan agreement | 112,741,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
preferred stock, 0.01 per share 100,000,000 shares authorized, no shares issued and outstanding | ||||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage backed securities, held-to-maturity | 248,599,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
mortgage backed securities, available-for-sale | 34,030,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
accumulated other comprehensive loss | -447,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investments in mortgage backed securities | 245,896,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
investments in loans | 214,521,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 20 | 323,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
noncontrolling interests in consolidated entity | 8,068,000 | 8,085,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||
investments in mortgage backed securities held to maturity | 202,635,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
contractual deposits | 5,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||
deferred financing costs, net of accumulated amortization of 3 | 340,000 |
Cashflow Statements:
Quarterly
Annual
| Unit: USD | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 | 2021-06-30 | 2021-03-31 | 2020-12-31 | 2020-09-30 | 2020-06-30 | 2020-03-31 | 2019-12-31 | 2019-09-30 | 2019-06-30 | 2019-03-31 | 2016-06-30 | 2016-03-31 | 2015-12-31 | 2015-09-30 | 2015-06-30 | 2015-03-31 | 2014-09-30 | 2014-06-30 | 2014-03-31 | 2012-09-30 | 2011-09-30 | 2011-06-30 | 2011-03-31 | 2010-03-31 | 2009-09-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
cash flows from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||
net income | 57,422,000 | 112,366,000 | 79,930,000 | 134,696,000 | 116,101,000 | 70,822,000 | 72,170,000 | 77,725,000 | 159,860,000 | 84,640,000 | 51,377,000 | 222,379,000 | 59,761,000 | 169,204,000 | 223,838,000 | 281,705,000 | 384,314,000 | 103,029,000 | 140,487,000 | 126,384,000 | 122,526,000 | 114,655,000 | 164,734,000 | 152,961,000 | -66,269,000 | 177,980,000 | 150,001,000 | 132,446,000 | 76,508,000 | 112,071,000 | 27,046,000 | 96,648,000 | 117,116,000 | 117,640,000 | 120,779,000 | 167,390,000 | 120,382,000 | 120,881,000 | 50,342,000 | 14,503,000 | 33,312,000 | 31,725,000 | 6,260,000 | |
adjustments to reconcile net income to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs, premiums and discounts on secured borrowings | 12,452,000 | 12,407,000 | 11,382,000 | 11,495,000 | 11,366,000 | 11,151,000 | 12,452,000 | 12,823,000 | 12,490,000 | 11,871,000 | 12,570,000 | 12,821,000 | 13,205,000 | 12,957,000 | 11,547,000 | 11,342,000 | 11,816,000 | 11,058,000 | 10,876,000 | 10,750,000 | 10,515,000 | 10,135,000 | 10,444,000 | 9,918,000 | 9,634,000 | 10,146,000 | ||||||||||||||||||
amortization of discounts and deferred financing costs on unsecured senior notes | 3,810,000 | 3,661,000 | 2,837,000 | 2,778,000 | 2,648,000 | 3,036,000 | 2,776,000 | 2,748,000 | 2,300,000 | 2,387,000 | 2,672,000 | 2,072,000 | 2,234,000 | 2,222,000 | 2,217,000 | 2,192,000 | 2,151,000 | 1,689,000 | 1,936,000 | 1,725,000 | 1,726,000 | 2,006,000 | 1,995,000 | 1,976,000 | 1,962,000 | 1,930,000 | ||||||||||||||||||
accretion of net discount on investment securities | -1,162,000 | -1,203,000 | -1,195,000 | -1,212,000 | -2,075,000 | -1,821,000 | -1,285,000 | -1,375,000 | -1,387,000 | -1,379,000 | -2,846,000 | -2,179,000 | -2,094,000 | -2,502,000 | -2,715,000 | -3,535,000 | -3,475,000 | -3,423,000 | -3,317,000 | -3,297,000 | -3,476,000 | -3,456,000 | -3,239,000 | -3,340,000 | -2,783,000 | -1,453,000 | -2,481,000 | -5,102,000 | -2,755,000 | -3,976,000 | -3,373,000 | -4,244,000 | -3,998,000 | -5,711,000 | -10,603,000 | |||||||||
accretion of net deferred loan fees and discounts | -15,735,000 | -15,709,000 | -20,053,000 | -12,625,000 | -13,964,000 | -14,344,000 | -16,689,000 | -12,851,000 | -19,891,000 | -16,081,000 | -18,819,000 | -17,032,000 | -15,180,000 | -15,089,000 | -16,599,000 | -14,269,000 | -16,600,000 | -13,425,000 | -14,784,000 | -12,994,000 | -16,745,000 | -11,731,000 | -9,628,000 | -8,760,000 | -12,080,000 | -11,194,000 | -8,081,000 | -8,586,000 | -7,526,000 | -14,666,000 | -8,696,000 | -10,247,000 | -8,476,000 | -7,960,000 | -10,179,000 | |||||||||
share-based compensation | 13,994,000 | 12,624,000 | 14,690,000 | 13,430,000 | 13,350,000 | 10,284,000 | 10,788,000 | 10,668,000 | 10,046,000 | 8,192,000 | 10,621,000 | 9,498,000 | 10,936,000 | 10,482,000 | 9,703,000 | 9,907,000 | 10,093,000 | 9,928,000 | 9,452,000 | 9,597,000 | 10,310,000 | 8,836,000 | 6,261,000 | 7,344,000 | 8,800,000 | 9,791,000 | 12,976,000 | 7,025,000 | 6,363,000 | 7,593,000 | 7,067,000 | 5,691,000 | 8,573,000 | 10,391,000 | 7,491,000 | 6,770,000 | 7,524,000 | 7,207,000 | ||||||
manager fees paid in stock | 1,742,000 | 0 | 92,000 | 5,031,000 | 6,365,000 | 0 | 1,755,000 | 9,544,000 | 9,762,000 | 1,000 | 1,906,000 | 6,183,000 | 7,233,000 | 446,000 | 2,594,000 | 14,684,000 | 25,417,000 | 486,000 | 2,506,000 | 6,562,000 | 7,486,000 | 0 | 0 | |||||||||||||||||||||
change in fair value of investment securities | -89,000 | -221,000 | -1,794,000 | -345,000 | 173,000 | -510,000 | 778,000 | -367,000 | -915,000 | -414,000 | -283,000 | 12,000 | -82,000 | 521,000 | 83,000 | 1,245,000 | 355,000 | 1,290,000 | 299,000 | -1,508,000 | 306,000 | -2,261,000 | 199,000 | -827,000 | -2,504,000 | 162,000 | -266,000 | -667,000 | -62,000 | |||||||||||||||
change in fair value of consolidated vies | 2,562,000 | -4,163,000 | -7,638,000 | -6,187,000 | 12,128,000 | 5,996,000 | 20,169,000 | 19,815,000 | 23,769,000 | -6,279,000 | -4,183,000 | -18,451,000 | -4,245,000 | -13,979,000 | 2,253,000 | 24,957,000 | 11,928,000 | -47,060,000 | 7,966,000 | 26,066,000 | -7,042,000 | 17,152,000 | -21,167,000 | -18,508,000 | 80,683,000 | -34,814,000 | -21,027,000 | -12,090,000 | 133,000 | -8,139,000 | 54,038,000 | 28,208,000 | 13,775,000 | 9,320,000 | -5,657,000 | |||||||||
change in fair value of servicing rights | 537,000 | -758,000 | -2,016,000 | -2,363,000 | -753,000 | -2,224,000 | 341,000 | -895,000 | -228,000 | -1,196,000 | 68,000 | -162,000 | -304,000 | 224,000 | -515,000 | 365,000 | -1,084,000 | -838,000 | -2,237,000 | -1,299,000 | 796,000 | 1,387,000 | -634,000 | 2,569,000 | 393,000 | 1,332,000 | 625,000 | 916,000 | 767,000 | 12,191,000 | 6,739,000 | 4,194,000 | 4,217,000 | 2,652,000 | 1,542,000 | 7,897,000 | 5,523,000 | 5,251,000 | ||||||
change in fair value of loans | 12,668,000 | -43,802,000 | -52,367,000 | -29,867,000 | -58,404,000 | 74,399,000 | -114,871,000 | -64,421,000 | 29,013,000 | -173,949,000 | 66,806,000 | 53,342,000 | -8,901,000 | 19,485,000 | 87,474,000 | 113,480,000 | 125,783,000 | -934,000 | -31,727,000 | -45,867,000 | 9,478,000 | -53,424,000 | -61,384,000 | -34,450,000 | 16,134,000 | |||||||||||||||||||
change in fair value of affordable housing fund investments | -1,934,000 | 134,432,000 | 193,624,000 | 9,943,000 | 8,035,000 | -88,711,000 | 20,161,000 | 3,954,000 | 3,896,000 | -33,649,000 | -2,199,000 | -214,823,000 | -1,160,000 | -91,737,000 | -110,415,000 | -294,690,000 | -223,851,000 | |||||||||||||||||||||||||||
change in fair value of derivatives | 9,119,000 | -3,415,000 | -1,612,000 | 107,928,000 | 50,686,000 | -127,457,000 | 99,639,000 | 18,679,000 | -75,079,000 | 184,208,000 | -69,325,000 | -35,096,000 | 48,431,000 | 136,782,000 | -205,309,000 | -131,334,000 | -129,343,000 | -19,465,000 | -44,372,000 | 8,479,000 | -34,768,000 | 47,398,000 | 30,615,000 | 18,148,000 | -7,617,000 | 27,484,000 | -20,539,000 | 1,100,000 | 3,396,000 | -21,225,000 | 23,557,000 | -15,784,000 | -3,983,000 | 17,942,000 | -26,724,000 | 9,384,000 | 7,110,000 | |||||||
foreign currency loss | 6,090,000 | -83,761,000 | -34,791,000 | 98,364,000 | -59,421,000 | -6,885,000 | 41,870,000 | 56,646,000 | -23,334,000 | -15,019,000 | 107,318,000 | 78,602,000 | 27,281,000 | 27,003,000 | -2,627,000 | 11,681,000 | -25,452,000 | 16,767,000 | 402,000 | |||||||||||||||||||||||||
gain on sale of investments and other assets | -679,000 | -10,224,000 | -1,027,000 | -432,000 | -8,316,000 | 0 | -91,962,000 | -10,243,000 | -10,616,000 | -4,680,000 | -190,000 | -25,552,000 | -13,453,000 | -138,000 | -98,468,000 | -12,607,000 | 47,000 | -8,731,000 | -17,693,000 | -542,000 | 0 | -6,472,000 | -296,000 | -159,871,000 | -21,157,000 | -2,515,000 | -4,485,000 | 90,000 | -245,000 | -1,909,000 | -3,348,000 | -209,000 | -17,198,000 | |||||||||||
credit loss reversal | -377,000 | |||||||||||||||||||||||||||||||||||||||||||
depreciation and amortization | 35,454,000 | 32,802,000 | 27,705,000 | 11,569,000 | 12,756,000 | 12,453,000 | 11,418,000 | 11,336,000 | 11,049,000 | 13,426,000 | 13,575,000 | 13,660,000 | 13,635,000 | 14,030,000 | 13,793,000 | 13,361,000 | 12,757,000 | 16,938,000 | 22,519,000 | 22,606,000 | 22,528,000 | 23,528,000 | 23,489,000 | 23,273,000 | 23,864,000 | 27,222,000 | 28,756,000 | 28,527,000 | 28,889,000 | 17,905,000 | 16,759,000 | 11,359,000 | 6,794,000 | 5,387,000 | 3,692,000 | 2,628,000 | 4,764,000 | 5,786,000 | ||||||
earnings from unconsolidated entities | -818,000 | -3,681,000 | -2,463,000 | -7,872,000 | -537,000 | -349,000 | -1,670,000 | -7,675,000 | 1,309,000 | 2,044,000 | -2,042,000 | -2,226,000 | -1,734,000 | -4,479,000 | -4,065,000 | -5,927,000 | -5,706,000 | -8,951,000 | -6,090,000 | |||||||||||||||||||||||||
distributions of earnings from unconsolidated entities | 335,000 | 2,790,000 | 6,540,000 | 1,198,000 | 1,125,000 | 1,610,000 | 1,175,000 | 1,125,000 | 798,000 | 750,000 | 7,056,000 | 243,000 | 419,000 | 303,000 | 4,352,000 | 280,000 | 3,085,000 | 541,000 | 1,065,000 | 17,000 | 644,000 | 1,446,000 | 861,000 | 27,000 | 1,901,000 | 1,674,000 | 4,395,000 | 3,661,000 | 4,088,000 | 5,729,000 | 4,417,000 | 3,913,000 | 7,722,000 | 7,030,000 | 3,338,000 | 5,060,000 | 956,000 | |||||||
loss on extinguishment of debt | 335,000 | 2,309,000 | 0 | 1,139,000 | 242,000 | 855,000 | 1,704,000 | -1,018,000 | 1,072,000 | 1,123,000 | 61,000 | 149,000 | 213,000 | 0 | 624,000 | 5,231,000 | 499,000 | 1,182,000 | 516,000 | 1,277,000 | 0 | 3,298,000 | 0 | 0 | 629,000 | 5,292,000 | ||||||||||||||||||
origination and purchase of loans held-for-sale, net of principal collections | -191,254,000 | -94,695,000 | -182,241,000 | -467,691,000 | -178,870,000 | -484,815,000 | -543,208,000 | -253,773,000 | -243,325,000 | -344,349,000 | -64,444,000 | -133,879,000 | -28,333,000 | -796,381,000 | -149,541,000 | -1,285,166,000 | -2,206,360,000 | -2,145,486,000 | -1,742,615,000 | -957,268,000 | -327,352,000 | -349,337,000 | -984,692,000 | -118,817,000 | -621,832,000 | -993,806,000 | -949,597,000 | -880,511,000 | -719,589,000 | |||||||||||||||
proceeds from sale of loans held-for-sale | 182,087,000 | 372,887,000 | 169,251,000 | 445,845,000 | 297,319,000 | 666,416,000 | 703,181,000 | 139,813,000 | 218,596,000 | 475,782,000 | 123,633,000 | 157,879,000 | 13,439,000 | 160,107,000 | 32,098,000 | 1,682,331,000 | 2,278,467,000 | 1,497,945,000 | 856,188,000 | 905,652,000 | 571,927,000 | 804,467,000 | 656,818,000 | 589,693,000 | 751,140,000 | 1,402,846,000 | 846,047,000 | 367,045,000 | 561,702,000 | 218,369,000 | 256,964,000 | 656,345,000 | 410,227,000 | 551,635,000 | 482,009,000 | 498,790,000 | 364,332,000 | 302,461,000 | ||||||
changes in operating assets and liabilities: | ||||||||||||||||||||||||||||||||||||||||||||
related-party payable | 2,046,000 | 3,723,000 | 2,093,000 | -10,692,000 | -2,420,000 | 13,416,000 | -2,307,000 | -16,377,000 | -590,000 | 20,534,000 | -3,043,000 | -12,258,000 | -1,603,000 | 15,040,000 | -4,608,000 | -25,861,000 | -19,756,000 | 52,993,000 | -3,053,000 | -9,704,000 | -3,035,000 | 17,074,000 | 1,155,000 | -18,325,000 | -1,659,000 | 16,439,000 | 3,342,000 | -2,801,000 | -20,098,000 | -3,784,000 | -16,965,000 | 18,151,000 | -1,755,000 | -3,114,000 | -13,078,000 | 391,000 | -4,983,000 | 11,665,000 | 828,000 | -65,000 | 610,000 | 2,159,000 | 38,000 | 1,685,000 |
accrued and capitalized interest receivable, less purchased interest | -51,459,000 | -25,162,000 | -32,989,000 | -48,540,000 | 2,850,000 | -2,885,000 | -23,995,000 | -28,065,000 | -15,475,000 | -58,797,000 | -19,035,000 | -36,458,000 | -41,541,000 | -69,822,000 | -59,180,000 | -37,156,000 | -35,342,000 | -31,733,000 | -23,647,000 | -39,559,000 | -41,833,000 | -53,364,000 | -41,221,000 | -49,237,000 | -31,465,000 | -42,250,000 | -17,645,000 | -31,725,000 | -22,536,000 | -17,801,000 | -23,350,000 | -17,662,000 | -16,125,000 | -14,844,000 | -17,341,000 | |||||||||
other assets | -7,308,000 | -12,974,000 | 69,647,000 | -22,665,000 | -10,858,000 | -93,872,000 | -5,169,000 | 32,666,000 | -9,875,000 | -67,883,000 | 20,066,000 | 71,704,000 | -89,667,000 | 244,614,000 | -139,869,000 | 3,602,000 | -64,229,000 | -1,201,000 | 4,896,000 | -12,665,000 | -19,467,000 | -2,725,000 | 19,379,000 | 24,572,000 | -40,944,000 | 82,936,000 | -94,453,000 | 8,490,000 | -26,760,000 | -2,064,000 | 8,779,000 | 1,091,000 | -18,124,000 | -12,519,000 | 1,067,000 | 5,075,000 | 292,000 | -1,072,000 | ||||||
accounts payable, accrued expenses and other liabilities | 24,059,000 | -13,292,000 | 28,371,000 | -96,803,000 | 31,561,000 | 95,027,000 | -6,498,000 | 55,427,000 | -38,968,000 | -117,298,000 | 135,475,000 | -6,282,000 | -29,886,000 | -320,136,000 | 350,874,000 | 76,320,000 | 64,309,000 | 26,497,000 | 33,402,000 | 6,742,000 | -25,945,000 | 9,319,000 | -5,928,000 | 3,001,000 | -6,764,000 | -2,724,000 | 9,419,000 | 10,834,000 | -22,987,000 | 1,538,000 | -30,593,000 | -2,147,000 | -7,401,000 | 5,472,000 | -23,282,000 | |||||||||
net cash from operating activities | 93,562,000 | 488,750,000 | 337,591,000 | -87,354,000 | 238,865,000 | 295,580,000 | 241,799,000 | 53,258,000 | 55,949,000 | 11,854,000 | 356,387,000 | 188,914,000 | -28,558,000 | -630,993,000 | 159,491,000 | 530,869,000 | 154,374,000 | -528,222,000 | -749,740,000 | 17,221,000 | 270,766,000 | 519,399,000 | -243,589,000 | 579,006,000 | 190,732,000 | 556,592,000 | -86,941,000 | -390,132,000 | -92,718,000 | 17,421,000 | 131,129,000 | 352,819,000 | -35,265,000 | 180,806,000 | 114,146,000 | 6,102,000 | 126,118,000 | 104,324,000 | 40,721,000 | 163,161,000 | 3,591,000 | -379,000 | ||
cash flows from investing activities: | ||||||||||||||||||||||||||||||||||||||||||||
origination, purchase and funding of loans held-for-investment | -1,879,043,000 | -1,718,122,000 | -2,247,130,000 | -2,118,588,000 | -1,703,570,000 | -975,975,000 | -1,159,862,000 | -644,829,000 | -265,185,000 | -1,057,863,000 | -620,718,000 | -607,524,000 | -431,615,000 | -536,614,000 | -1,115,173,000 | -2,334,404,000 | -1,557,821,000 | -3,001,506,000 | -1,633,661,000 | -1,705,922,000 | -2,296,124,000 | |||||||||||||||||||||||
proceeds from principal collections on loans | 982,816,000 | 1,240,150,000 | 1,711,197,000 | 812,345,000 | 747,152,000 | 1,100,235,000 | 1,497,727,000 | 809,880,000 | 1,220,995,000 | 947,281,000 | 912,840,000 | 1,070,082,000 | 407,199,000 | 256,460,000 | 635,818,000 | 405,530,000 | 798,969,000 | 851,194,000 | 928,829,000 | 1,193,240,000 | 1,051,695,000 | 338,799,000 | 358,191,000 | 187,067,000 | 812,187,000 | 819,376,000 | 970,294,000 | 786,640,000 | 556,058,000 | 1,000,830,000 | 192,813,000 | 494,722,000 | 358,799,000 | 413,160,000 | 285,741,000 | 379,332,000 | 270,590,000 | 316,428,000 | ||||||
purchase and funding of investment securities | -22,733,000 | -51,688,000 | -8,360,000 | -7,747,000 | -13,826,000 | -24,220,000 | -45,778,000 | -9,488,000 | -9,220,000 | -4,590,000 | -5,536,000 | -861,000 | -591,000 | -454,000 | 0 | -67,919,000 | -18,139,000 | 0 | -6,288,000 | -10,391,000 | -5,729,000 | |||||||||||||||||||||||
proceeds from sales and redemptions of investment securities | 625,000 | 1,695,000 | 2,018,000 | 4,193,000 | 1,350,000 | 0 | 2,376,000 | 0 | 1,314,000 | 1,320,000 | 1,427,000 | |||||||||||||||||||||||||||||||||
proceeds from principal collections on investment securities | 4,831,000 | 3,468,000 | 245,931,000 | 1,985,000 | 52,967,000 | 191,843,000 | 5,016,000 | 58,152,000 | 19,149,000 | 2,669,000 | 36,331,000 | 10,570,000 | 40,778,000 | 96,516,000 | 4,251,000 | 7,396,000 | 7,784,000 | 9,595,000 | 8,988,000 | 9,353,000 | 59,514,000 | 15,576,000 | 17,478,000 | 36,920,000 | 13,559,000 | 86,768,000 | 45,857,000 | 65,281,000 | 7,754,000 | 25,200,000 | 22,344,000 | 80,479,000 | 100,316,000 | 236,037,000 | 11,737,000 | 21,885,000 | 10,887,000 | 8,227,000 | ||||||
proceeds from sales of real estate | 62,040,000 | 40,460,000 | 1,577,000 | 12,614,000 | 41,918,000 | 18,494,000 | 543,000 | 37,278,000 | 19,090,000 | 0 | 147,334,000 | 0 | 30,403,000 | 30,566,000 | 0 | |||||||||||||||||||||||||||||
purchases and additions to properties and other assets | -149,339,000 | -205,671,000 | -48,616,000 | -9,017,000 | -5,739,000 | -6,998,000 | -6,757,000 | -8,608,000 | -5,576,000 | -5,423,000 | -5,348,000 | -8,475,000 | -5,839,000 | -7,930,000 | -6,019,000 | -4,672,000 | -6,604,000 | -9,013,000 | -5,236,000 | -8,511,000 | -3,512,000 | -7,241,000 | -4,009,000 | 0 | 0 | 0 | 0 | 0 | -8,526,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
free cash flows | -55,777,000 | 283,079,000 | 288,975,000 | -96,371,000 | 233,126,000 | 288,582,000 | 235,042,000 | 44,650,000 | 50,373,000 | 6,431,000 | 351,039,000 | 180,439,000 | -34,397,000 | -638,923,000 | 153,472,000 | 526,197,000 | 147,770,000 | -537,235,000 | -754,976,000 | 8,710,000 | 267,254,000 | 512,158,000 | -247,598,000 | 579,006,000 | 190,732,000 | 556,592,000 | -86,941,000 | -390,132,000 | -101,244,000 | 17,421,000 | 131,129,000 | 352,819,000 | -35,265,000 | 180,806,000 | 114,146,000 | 6,102,000 | 126,118,000 | 104,324,000 | 40,721,000 | 163,161,000 | 3,591,000 | -379,000 | ||
distribution of capital from unconsolidated entities | 0 | 0 | 0 | 250,000 | 146,000 | 6,189,000 | 2,181,000 | 2,330,000 | 277,000 | 0 | 0 | 3,254,000 | 121,000 | 4,893,000 | 4,292,000 | 5,283,000 | 15,980,000 | 937,000 | 2,279,000 | 53,000 | 153,000 | 5,672,000 | 2,414,000 | 9,155,000 | 886,000 | 330,000 | 914,000 | 1,852,000 | 6,876,000 | 10,831,000 | 11,296,000 | 8,402,000 | 12,710,000 | 17,834,000 | ||||||||||
cash acquired in foreclosure | 7,713,000 | 0 | 2,000 | 731,000 | ||||||||||||||||||||||||||||||||||||||||
payments for purchase or termination of derivatives | -18,921,000 | -11,029,000 | -27,396,000 | -3,154,000 | -12,936,000 | -6,823,000 | -4,726,000 | -781,000 | -18,823,000 | -6,057,000 | -3,340,000 | -4,112,000 | 1,343,000 | -7,767,000 | -8,541,000 | -19,203,000 | -6,588,000 | -7,260,000 | -851,000 | 1,469,000 | 4,641,000 | -13,588,000 | -67,323,000 | -6,475,000 | -16,148,000 | -16,316,000 | -3,896,000 | -2,533,000 | -12,611,000 | -8,783,000 | -4,377,000 | -7,777,000 | -6,117,000 | |||||||||||
proceeds from termination of derivatives | 22,344,000 | 30,001,000 | 9,011,000 | 27,172,000 | 1,346,000 | 10,982,000 | 16,925,000 | 6,948,000 | 7,176,000 | 5,605,000 | 34,273,000 | 16,247,000 | 69,764,000 | 82,596,000 | 13,468,000 | 16,323,000 | 4,892,000 | 23,527,000 | 3,006,000 | 539,000 | 4,216,000 | 8,912,000 | 25,777,000 | 4,080,000 | 8,207,000 | 692,000 | 19,537,000 | 7,910,000 | 6,353,000 | 5,412,000 | 17,794,000 | 6,988,000 | 3,519,000 | 1,293,000 | 799,000 | |||||||||
net cash from investing activities | -989,667,000 | -698,351,000 | -1,219,276,000 | -952,376,000 | -906,449,000 | 337,541,000 | 310,238,000 | 270,514,000 | 1,165,661,000 | -88,084,000 | 391,076,000 | 539,065,000 | 13,017,000 | -93,908,000 | -379,904,000 | -1,921,732,000 | -554,762,000 | -2,264,223,000 | -651,697,000 | -246,529,000 | -1,119,205,000 | -341,849,000 | -329,200,000 | 213,427,000 | -454,183,000 | -1,174,014,000 | 197,378,000 | 430,349,000 | -229,581,000 | 259,631,000 | -348,679,000 | -390,589,000 | 109,270,000 | 206,360,000 | -325,836,000 | -3,166,000 | -561,949,000 | -207,886,000 | ||||||
cash flows from financing activities: | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from borrowings | 2,867,550,000 | 4,672,710,000 | 3,334,889,000 | 3,924,478,000 | 2,735,285,000 | 2,795,776,000 | 1,510,444,000 | 1,662,969,000 | 1,234,980,000 | 1,625,515,000 | 2,592,168,000 | 1,140,199,000 | 1,202,077,000 | 1,917,572,000 | 1,568,128,000 | 4,192,281,000 | 5,843,167,000 | 5,782,018,000 | 4,861,485,000 | 4,045,046,000 | 2,748,317,000 | 2,165,007,000 | 1,248,624,000 | 930,017,000 | 2,756,915,000 | 4,083,130,000 | 2,812,424,000 | 960,883,000 | 2,310,902,000 | |||||||||||||||
principal repayments on and repurchases of borrowings | -1,809,786,000 | -4,011,470,000 | -2,703,059,000 | -2,904,189,000 | -1,811,835,000 | -3,140,565,000 | -2,103,028,000 | -1,833,940,000 | -2,165,427,000 | -1,565,507,000 | -3,207,664,000 | -1,808,491,000 | -892,238,000 | -1,136,358,000 | -1,068,103,000 | -2,529,989,000 | -5,153,638,000 | -3,362,323,000 | -3,028,192,000 | -3,537,328,000 | -2,001,336,000 | -1,915,779,000 | -505,441,000 | -1,792,804,000 | -1,923,754,000 | -3,121,329,000 | -2,870,700,000 | -900,237,000 | -1,778,819,000 | -1,084,655,000 | -626,462,000 | -1,045,717,000 | -844,021,000 | -1,598,628,000 | -847,288,000 | |||||||||
payment of deferred financing costs | -12,601,000 | -31,867,000 | -27,642,000 | -14,389,000 | -15,295,000 | -28,603,000 | -14,594,000 | -20,260,000 | -6,574,000 | -7,117,000 | -8,780,000 | -2,169,000 | -2,924,000 | -20,973,000 | -14,962,000 | -11,887,000 | -21,998,000 | -25,662,000 | -19,024,000 | -22,120,000 | -5,052,000 | -9,144,000 | -10,414,000 | -3,987,000 | -3,577,000 | -27,035,000 | -27,015,000 | -13,682,000 | -4,706,000 | -468,000 | -5,969,000 | -7,825,000 | -6,822,000 | -5,791,000 | -1,263,000 | -663,000 | -343,000 | |||||||
net proceeds from issuances of common stock | 1,682,000 | 548,000 | ||||||||||||||||||||||||||||||||||||||||||
payment of dividends | -178,241,000 | -178,210,000 | -164,612,000 | -163,710,000 | -162,323,000 | -162,786,000 | -152,323,000 | -152,582,000 | -152,305,000 | -150,685,000 | -150,506,000 | -150,236,000 | -149,765,000 | -148,663,000 | -148,517,000 | -147,568,000 | -146,709,000 | -138,953,000 | -138,926,000 | -138,384,000 | -137,667,000 | -137,992,000 | -137,269,000 | -135,735,000 | -135,889,000 | -135,905,000 | -135,218,000 | -134,786,000 | -132,515,000 | -114,527,000 | -114,624,000 | -114,824,000 | -115,400,000 | -108,434,000 | -108,189,000 | -5,349,000 | ||||||||
distributions to non-controlling interests | -16,276,000 | -35,148,000 | -46,164,000 | -9,548,000 | -9,125,000 | -11,224,000 | -12,297,000 | -11,970,000 | -9,987,000 | -16,275,000 | -9,984,000 | -9,719,000 | -9,390,000 | -11,605,000 | -13,661,000 | -13,468,000 | -10,718,000 | -8,715,000 | -17,258,000 | -9,144,000 | -8,833,000 | -9,506,000 | -13,492,000 | -10,038,000 | -66,476,000 | -8,427,000 | -10,677,000 | -23,902,000 | -6,952,000 | -1,768,000 | -582,000 | -862,000 | -467,000 | -433,000 | -359,000 | |||||||||
purchase of treasury stock | -19,936,000 | -4,998,000 | 0 | 0 | -28,830,000 | 0 | -19,723,000 | -18,954,000 | -27,524,000 | |||||||||||||||||||||||||||||||||||
issuance of debt of consolidated vies | 3,865,000 | 0 | 7,144,000 | 2,613,000 | 3,166,000 | -1,000 | 27,111,000 | 30,684,000 | 11,604,000 | 163,118,000 | 0 | 0 | 24,376,000 | 34,591,000 | 49,725,000 | 66,546,000 | 33,678,000 | 0 | 596,000 | 0 | 1,619,000 | 750,000 | 6,763,000 | 16,656,000 | 25,995,000 | 45,761,000 | ||||||||||||||||||
repayment of debt of consolidated vies | -110,000 | -103,072,000 | -110,000 | -57,115,000 | -4,755,000 | -61,311,000 | -126,177,000 | -107,000 | -108,000 | -48,117,000 | -102,000 | -108,000 | -108,000 | -100,000 | -98,000 | -205,574,000 | -84,460,000 | -158,992,000 | -301,939,000 | -279,006,000 | -27,490,000 | -242,929,000 | -43,083,000 | -199,383,000 | -36,953,000 | -214,840,000 | -66,507,000 | -38,952,000 | -52,856,000 | -91,794,000 | -55,729,000 | -218,013,000 | -125,701,000 | -68,991,000 | -51,538,000 | |||||||||
distributions of cash from consolidated vies | 51,286,000 | 26,233,000 | 19,109,000 | 13,109,000 | 72,120,000 | 14,411,000 | 15,779,000 | 13,171,000 | 15,022,000 | 115,571,000 | 13,624,000 | 25,118,000 | 15,329,000 | 28,857,000 | 21,802,000 | 20,739,000 | 22,014,000 | 36,275,000 | 41,239,000 | 28,065,000 | 14,481,000 | 22,747,000 | 20,185,000 | 12,266,000 | 24,723,000 | 7,035,000 | 17,196,000 | 9,728,000 | 11,683,000 | 15,441,000 | 7,545,000 | 8,034,000 | 12,106,000 | 10,794,000 | 3,790,000 | 19,188,000 | 10,673,000 | 2,740,000 | ||||||
net cash from financing activities | 887,433,000 | 345,685,000 | 946,521,000 | 821,846,000 | 805,506,000 | -588,164,000 | -478,393,000 | -339,510,000 | -1,079,833,000 | -43,416,000 | -770,619,000 | -804,778,000 | 164,250,000 | 645,212,000 | 345,449,000 | 1,354,708,000 | 452,510,000 | 2,730,510,000 | 1,424,752,000 | 120,608,000 | 597,233,000 | 33,203,000 | 559,449,000 | -1,199,449,000 | 620,080,000 | 795,581,000 | -229,880,000 | -69,652,000 | 380,672,000 | -205,436,000 | 182,910,000 | 34,968,000 | -146,888,000 | -304,366,000 | 322,703,000 | 54,368,000 | 430,183,000 | 206,933,000 | 221,809,000 | -171,890,000 | 331,491,000 | 194,790,000 | 21,223,000 | 1,100,978,000 |
net increase in cash, cash equivalents and restricted cash | -8,672,000 | 136,084,000 | 64,836,000 | -217,884,000 | 137,922,000 | 44,957,000 | 73,644,000 | -15,738,000 | 141,777,000 | -119,646,000 | -23,156,000 | -76,799,000 | 148,709,000 | -79,689,000 | 125,036,000 | -36,155,000 | 52,122,000 | -251,206,000 | -407,016,000 | 356,629,000 | -29,435,000 | 58,373,000 | ||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of period | 674,647,000 | 0 | 0 | 0 | 553,995,000 | 0 | 0 | 0 | 311,972,000 | 0 | 0 | 0 | 382,133,000 | 0 | 0 | 0 | 321,914,000 | 0 | 0 | 0 | 722,162,000 | 0 | 0 | 574,031,000 | 0 | 0 | 487,865,000 | |||||||||||||||||
effect of exchange rate changes on cash | 87,000 | -544,000 | -594,000 | 398,000 | 434,000 | -1,098,000 | 790,000 | -1,264,000 | -1,045,000 | 348,000 | 214,000 | -425,000 | 594,000 | 542,000 | -562,000 | -813,000 | -262,000 | 61,000 | -103,000 | -638,000 | -1,042,000 | 203,000 | 415,000 | -246,000 | 733,000 | 1,214,000 | -2,097,000 | -351,000 | -254,000 | -2,015,000 | 1,044,000 | -1,151,000 | -827,000 | 2,958,000 | -5,480,000 | 768,000 | 57,000 | |||||||
cash, cash equivalents and restricted cash, end of period | 666,062,000 | 135,540,000 | 64,242,000 | -217,486,000 | 692,351,000 | 43,859,000 | 74,434,000 | -17,002,000 | 452,704,000 | -119,298,000 | -22,942,000 | -77,224,000 | 531,436,000 | -79,147,000 | 124,474,000 | -36,968,000 | 373,774,000 | -61,874,000 | 23,212,000 | -109,338,000 | 469,914,000 | -12,925,000 | -407,262,000 | 931,393,000 | -121,540,000 | -29,786,000 | 545,984,000 | |||||||||||||||||
supplemental disclosure of cash flow information: | ||||||||||||||||||||||||||||||||||||||||||||
cash paid for interest | 288,101,000 | 318,876,000 | 308,077,000 | 297,046,000 | 264,902,000 | 299,561,000 | 326,182,000 | 301,246,000 | 367,142,000 | 334,897,000 | 354,589,000 | 339,115,000 | 322,932,000 | 247,860,000 | 196,275,000 | 124,751,000 | 102,300,000 | 110,135,000 | 93,767,000 | 102,392,000 | 80,624,000 | 95,094,000 | 82,207,000 | 93,307,000 | 109,341,000 | 114,192,000 | 114,899,000 | 123,043,000 | 129,349,000 | 41,707,000 | 50,254,000 | 33,718,000 | 45,460,000 | 32,760,000 | 48,448,000 | 44,979,000 | 20,591,000 | 44,638,000 | 11,105,000 | 4,555,000 | 7,307,000 | 7,613,000 | 1,609,000 | 86,000 |
income taxes paid | 4,000 | 492,000 | 50,000 | 42,000 | 566,000 | 757,000 | 165,000 | 6,446,000 | 425,000 | 9,108,000 | 1,604,000 | 88,000 | 569,000 | 2,436,000 | 1,578,000 | 6,786,000 | 484,000 | 1,255,000 | 922,000 | 1,915,000 | 9,593,000 | 14,760,000 | 2,903,000 | 4,248,000 | 12,067,000 | 2,725,000 | 301,000 | 216,000 | 684,000 | 174,000 | ||||||||||||||
supplemental disclosure of non-cash investing and financing activities: | ||||||||||||||||||||||||||||||||||||||||||||
dividends declared with respect to the first quarter, but not yet paid | 178,728,000 | 163,979,000 | ||||||||||||||||||||||||||||||||||||||||||
deconsolidation of vies | 116,644,000 | 0 | 0 | 0 | 62,461,000 | -1,000 | 179,520,000 | 1,334,052,000 | -622,077,000 | 1,000 | 0 | 0 | 730,012,000 | 0 | 24,618,000 | 35,885,000 | 37,359,000 | 257,917,000 | 45,910,000 | 2,535,712,000 | 2,591,268,000 | -2,546,632,000 | -1,797,217,000 | -3,499,204,000 | 17,841,000 | 2,464,507,000 | 4,748,806,000 | 1,289,569,000 | ||||||||||||||||
net assets acquired through foreclosure: | ||||||||||||||||||||||||||||||||||||||||||||
assets acquired, less cash | 352,039,000 | 0 | 2,010,106,000 | 142,495,000 | 52,386,000 | 176,519,000 | 1,531,000 | 61,066,000 | 0 | 261,375,000 | 0 | |||||||||||||||||||||||||||||||||
liabilities assumed | 12,047,000 | 0 | 1,324,005,000 | 1,499,000 | 990,000 | 3,998,000 | 0 | 909,000 | 0 | -105,000 | 0 | |||||||||||||||||||||||||||||||||
loan principal collections temporarily held at master servicer | 212,447,000 | -3,690,000 | 32,676,000 | -41,244,000 | 47,650,000 | 43,275,000 | -9,614,000 | 7,682,000 | 5,305,000 | -66,091,000 | 32,280,000 | 142,928,000 | 15,197,000 | -2,632,000 | -10,992,000 | -28,172,000 | 42,225,000 | -88,244,000 | 63,861,000 | 24,099,000 | 31,965,000 | 24,690,000 | -2,363,000 | |||||||||||||||||||||
impairment charges on properties and related intangibles | 101,046,000 | 0 | 0 | 0 | 0 | 55,000 | 102,000 | 0 | 1,272,000 | 120,000 | ||||||||||||||||||||||||||||||||||
credit loss provision | 10,344,000 | 52,425,000 | 66,427,000 | 42,709,000 | 35,839,000 | 25,975,000 | 52,634,000 | -11,844,000 | 44,000 | -12,131,000 | -3,587,000 | 10,202,000 | 48,669,000 | |||||||||||||||||||||||||||||||
proceeds from loans sold | 0 | 0 | 40,120,000 | 0 | -11,000 | 42,370,000 | 30,675,000 | 64,539,000 | 76,872,000 | 35,356,000 | 69,134,000 | 0 | 396,078,000 | 39,019,000 | 196,345,000 | 101,722,000 | 343,073,000 | 500,271,000 | 23,394,000 | 97,882,000 | 37,620,000 | 220,928,000 | 293,455,000 | 85,121,000 | 138,958,000 | 56,114,000 | 146,400,000 | |||||||||||||||||
net cash paid in merger | 0 | |||||||||||||||||||||||||||||||||||||||||||
investments in unconsolidated entities | -6,231,000 | -89,000 | 0 | 0 | 0 | -461,000 | ||||||||||||||||||||||||||||||||||||||
proceeds from sale of interest in an unconsolidated entity | 0 | -5,000 | ||||||||||||||||||||||||||||||||||||||||||
cash acquired through foreclosures | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from origination or termination of derivatives | ||||||||||||||||||||||||||||||||||||||||||||
contributions from non-controlling interests | 5,961,000 | 0 | 5,520,000 | -1,000 | 0 | 17,236,000 | 4,690,000 | 214,167,000 | 52,000 | 2,569,000 | 2,969,000 | 2,118,000 | 251,000 | 95,000 | 3,833,000 | 6,584,000 | ||||||||||||||||||||||||||||
dividends declared with respect to the fourth quarter, but not yet paid | ||||||||||||||||||||||||||||||||||||||||||||
consolidation of vies | 1,561,170,000 | 0 | 887,711,000 | 0 | 0 | 3,251,711,000 | 1,109,614,000 | 905,275,000 | 1,649,200,000 | 2,384,906,000 | 393,373,000 | 1,075,979,000 | 512,300,000 | 599,935,000 | 2,477,422,000 | 4,264,902,000 | 1,999,780,000 | 824,070,000 | 3,280,065,000 | 1,746,946,000 | 15,103,275,000 | 3,982,562,000 | 2,410,232,000 | 1,244,019,000 | 4,413,608,000 | 3,103,149,000 | 3,755,019,000 | 20,236,513,000 | ||||||||||||||||
net assets acquired in merger: | ||||||||||||||||||||||||||||||||||||||||||||
net assets acquired through foreclosure or equity control: | ||||||||||||||||||||||||||||||||||||||||||||
redemption of class a units for common stock | 0 | 0 | 0 | 9,622,000 | 7,077,000 | 1,039,000 | 0 | 0 | ||||||||||||||||||||||||||||||||||||
debt assumed by purchaser in sale of real estate | 0 | 0 | 0 | -194,900,000 | ||||||||||||||||||||||||||||||||||||||||
reclassification of loans held-for-investment to loans held-for-sale | 0 | 0 | 0 | 48,695,000 | 0 | 0 | 49,748,000 | 0 | 63,616,000 | 346,000 | 30,425,000 | 46,333,000 | 23,898,000 | 166,901,000 | ||||||||||||||||||||||||||||||
net assets acquired from consolidated vies | 60,463,000 | 42,513,000 | ||||||||||||||||||||||||||||||||||||||||||
lease liabilities arising from obtaining right-of-use assets | 0 | |||||||||||||||||||||||||||||||||||||||||||
foreign currency gain | 34,486,000 | 7,017,000 | -5,547,000 | -20,757,000 | 30,416,000 | |||||||||||||||||||||||||||||||||||||||
dividends declared with respect to the third quarter, but not yet paid | ||||||||||||||||||||||||||||||||||||||||||||
credit loss (reversal) provision | 5,666,000 | -24,999,000 | -3,658,000 | |||||||||||||||||||||||||||||||||||||||||
net proceeds from issuance of common stock | 31,721,000 | 1,434,000 | 618,000 | |||||||||||||||||||||||||||||||||||||||||
dividends declared with respect to the second quarter, but not yet paid | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of real estate, net of debt assumed by purchaser | 0 | 17,837,000 | 10,948,000 | 188,040,000 | ||||||||||||||||||||||||||||||||||||||||
income taxes refunded | -53,000 | |||||||||||||||||||||||||||||||||||||||||||
(earnings) loss from unconsolidated entities | -2,725,000 | |||||||||||||||||||||||||||||||||||||||||||
cash resulting from foreclosures and initial consolidation of entities | 3,347,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
payments for purchase or early termination of derivatives | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from origination or early termination of derivatives | ||||||||||||||||||||||||||||||||||||||||||||
income taxes paid (refunded) | -219,000 | 16,000 | ||||||||||||||||||||||||||||||||||||||||||
net assets acquired through foreclosure, control or conversion to equity interest: | ||||||||||||||||||||||||||||||||||||||||||||
unsettled derivative transactions | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock issuances | 596,000 | 1,400,000 | 475,000 | 625,000 | 628,000 | 1,269,000 | 16,801,000 | 860,000 | 33,605,000 | 251,000 | 393,389,000 | 209,000 | 226,000 | 262,000 | 587,000 | 142,000 | 216,000 | 153,000 | 135,000 | 253,000 | 212,000 | 167,000 | 95,000 | 82,000 | 67,000 | 65,000 | 326,241,000 | 55,000 | 46,000 | |||||||||||||||
income taxes (refunded) paid | 223,000 | -269,000 | 751,000 | -393,000 | ||||||||||||||||||||||||||||||||||||||||
dividends declared, but not yet paid | 238,000 | 152,591,000 | 291,000 | 522,000 | 341,000 | 152,551,000 | 1,501,000 | 386,000 | 1,558,000 | 148,998,000 | 8,062,000 | 480,000 | 872,000 | 139,113,000 | -662,000 | 1,495,000 | 1,248,000 | 135,994,000 | 182,000 | 918,000 | 662,000 | 134,953,000 | 441,000 | 114,572,000 | -244,000 | -384,000 | 7,140,000 | 108,435,000 | 44,000 | 12,588,000 | 95,424,000 | 26,000 | ||||||||||||
foreign currency (gain) loss | ||||||||||||||||||||||||||||||||||||||||||||
(earnings) income from unconsolidated entities | -5,252,000 | -3,192,000 | -28,776,000 | -97,000 | ||||||||||||||||||||||||||||||||||||||||
cash resulting from initial consolidation of entities | 701,000 | 0 | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||
cash reclassified to investments of affordable housing fund | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from early termination of derivatives | ||||||||||||||||||||||||||||||||||||||||||||
payment of equity offering costs | -318,000 | 0 | -667,000 | -89,000 | -693,000 | -5,000 | 0 | -22,000 | -26,000 | -54,000 | 0 | -53,000 | ||||||||||||||||||||||||||||||||
net assets acquired through foreclosure, equity control or conversion to equity interest: | ||||||||||||||||||||||||||||||||||||||||||||
reclassification of loans held-for-sale to loans held-for-investment | 30,616,000 | -1,000 | -2,000 | 124,935,000 | ||||||||||||||||||||||||||||||||||||||||
transfer of loans from vie assets to residential loans upon redemption of consolidated rmbs trusts | 93,753,000 | |||||||||||||||||||||||||||||||||||||||||||
credit loss provision (reversal) | 43,194,000 | 15,343,000 | ||||||||||||||||||||||||||||||||||||||||||
loss (earnings) from unconsolidated entities | 910,000 | 69,718,000 | -2,747,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from sales of investment securities | 0 | 0 | 0 | 7,940,000 | 3,348,000 | 0 | 750,000 | 3,228,000 | 109,000 | 1,203,000 | 385,000 | 4,713,000 | 49,947,000 | 22,336,000 | 27,883,000 | |||||||||||||||||||||||||||||
proceeds from sale of interest in unconsolidated entities | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
contribution of woodstar ii portfolio net assets from non-controlling interests | ||||||||||||||||||||||||||||||||||||||||||||
net assets acquired through foreclosure, control or conversion to equity interest | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of real estate and related businesses, net of cash transferred | ||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash, cash equivalents and restricted cash | -61,935,000 | 23,315,000 | ||||||||||||||||||||||||||||||||||||||||||
assets of ireland real estate subsidiary sold, net of cash | ||||||||||||||||||||||||||||||||||||||||||||
liabilities of ireland real estate subsidiary sold | ||||||||||||||||||||||||||||||||||||||||||||
settlement of convertible notes in shares | ||||||||||||||||||||||||||||||||||||||||||||
settlement of loans transferred as secured borrowings | 74,692,000 | |||||||||||||||||||||||||||||||||||||||||||
investment in unconsolidated entities | 0 | -3,000 | -510,000 | -3,843,000 | -11,000 | -373,000 | 2,000 | -4,024,000 | -28,041,000 | |||||||||||||||||||||||||||||||||||
net assets acquired through conversion to equity interest and foreclosure | 0 | |||||||||||||||||||||||||||||||||||||||||||
unsettled common stock issuances | ||||||||||||||||||||||||||||||||||||||||||||
transfer of loans from vie assets residential loans upon redemption of a consolidated rmbs trust | ||||||||||||||||||||||||||||||||||||||||||||
| 2,021,000 | 0 | 0 | 0 | 2,020,000 | 0 | 0 | |||||||||||||||||||||||||||||||||||||
net assets acquired through conversion to equity interest | 7,320,000 | |||||||||||||||||||||||||||||||||||||||||||
origination and purchase of loans held-for-investment | -764,265,000 | -702,028,000 | -414,158,000 | -1,252,745,000 | -2,485,714,000 | -936,039,000 | -764,645,000 | -1,287,001,000 | -525,184,000 | -472,237,000 | -690,101,000 | -413,340,000 | -606,898,000 | -649,886,000 | ||||||||||||||||||||||||||||||
infrastructure lending business combination | ||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||
cash, cash equivalents and restricted cash, end of year | ||||||||||||||||||||||||||||||||||||||||||||
transfer of loans from vie assets to loans held-for-sale upon redemption of a consolidated rmbs trust | ||||||||||||||||||||||||||||||||||||||||||||
net assets acquired through control, foreclosure or conversion to equity interest | ||||||||||||||||||||||||||||||||||||||||||||
settlement of 2019 convertible notes in shares | 75,525,000 | |||||||||||||||||||||||||||||||||||||||||||
fair value of assets acquired, net of cash and restricted cash | ||||||||||||||||||||||||||||||||||||||||||||
fair value of liabilities assumed | 22,943,000 | 147,486,000 | -628,952,000 | 2,948,000 | ||||||||||||||||||||||||||||||||||||||||
reclassification of loans held-for-investment to held-for-sale | ||||||||||||||||||||||||||||||||||||||||||||
reclassification of loans held-for-sale to held-for-investment | ||||||||||||||||||||||||||||||||||||||||||||
net assets acquired through foreclosure | 8,963,000 | |||||||||||||||||||||||||||||||||||||||||||
reclassification of residential loans held-for-investment to held-for-sale | ||||||||||||||||||||||||||||||||||||||||||||
share-based component of incentive fees | 9,080,000 | 938,000 | 0 | 0 | 10,977,000 | 2,300,000 | 10,923,000 | 2,551,000 | 2,089,000 | 3,294,000 | 9,445,000 | 2,028,000 | 3,654,000 | 3,308,000 | ||||||||||||||||||||||||||||||
unsettled infrastructure loan sales | 68,564,000 | |||||||||||||||||||||||||||||||||||||||||||
change in fair value of loans held-for-sale | -5,923,000 | -32,521,000 | -21,891,000 | -11,266,000 | -13,235,000 | -6,891,000 | -13,276,000 | -19,082,000 | -10,831,000 | -21,131,000 | ||||||||||||||||||||||||||||||||||
loan loss provision | 3,884,000 | -39,000 | 2,518,000 | 763,000 | ||||||||||||||||||||||||||||||||||||||||
purchase of investment securities | -93,093,000 | -266,305,000 | -84,337,000 | -19,000,000 | -15,595,000 | -80,176,000 | -67,247,000 | |||||||||||||||||||||||||||||||||||||
real estate business combinations, net of cash and restricted cash acquired | ||||||||||||||||||||||||||||||||||||||||||||
return of investment basis in purchased derivative asset | 68,000 | 69,000 | 77,000 | 83,000 | 87,000 | 90,000 | 424,000 | 391,000 | 407,000 | 858,000 | ||||||||||||||||||||||||||||||||||
reclassification of residential loans held-for-sale to held-for-investment | ||||||||||||||||||||||||||||||||||||||||||||
net assets acquired through foreclosure or conversion to equity interest | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales and insurance recoveries on properties | 50,495,000 | 378,000 | 1,463,000 | |||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs, premiums and discounts on secured financing agreements and secured borrowings on transferred loans | 8,256,000 | 9,183,000 | ||||||||||||||||||||||||||||||||||||||||||
amortization of discounts and deferred financing costs on senior notes | 1,916,000 | 1,933,000 | ||||||||||||||||||||||||||||||||||||||||||
income from unconsolidated entities | 43,200,000 | |||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs, premiums and discounts on secured financing agreements | 4,238,000 | 3,974,000 | ||||||||||||||||||||||||||||||||||||||||||
amortization of convertible debt discount and deferred costs | 5,351,000 | 5,277,000 | ||||||||||||||||||||||||||||||||||||||||||
amortization of net discount from secured borrowings on transferred loans | ||||||||||||||||||||||||||||||||||||||||||||
change in fair value of fair value option investment securities | -1,319,000 | -753,000 | 480,000 | -2,617,000 | -1,446,000 | 499,000 | ||||||||||||||||||||||||||||||||||||||
loan loss allowance | 2,029,000 | -761,000 | -2,667,000 | 2,661,000 | 317,000 | 1,575,000 | -139,000 | 497,000 | ||||||||||||||||||||||||||||||||||||
bargain purchase gain | ||||||||||||||||||||||||||||||||||||||||||||
originations of loans held-for-sale, net of principal collections | -288,015,000 | -200,433,000 | -423,304,000 | -535,424,000 | -476,386,000 | -413,027,000 | ||||||||||||||||||||||||||||||||||||||
real estate business combinations, net of cash acquired | -17,547,000 | -73,639,000 | -315,118,000 | -144,042,000 | ||||||||||||||||||||||||||||||||||||||||
proceeds from sale of properties | 2,520,000 | 0 | 0 | 33,056,000 | ||||||||||||||||||||||||||||||||||||||||
purchase of other assets | -2,675,000 | -2,846,000 | -1,611,000 | -435,000 | ||||||||||||||||||||||||||||||||||||||||
increase in restricted cash | 7,090,000 | -24,930,000 | ||||||||||||||||||||||||||||||||||||||||||
borrowings under financing agreements | 1,068,407,000 | 991,192,000 | 1,394,066,000 | 959,310,000 | 1,143,286,000 | 1,320,732,000 | 1,110,052,000 | 809,462,000 | 997,767,000 | |||||||||||||||||||||||||||||||||||
net increase in cash and cash equivalents | 71,616,000 | -34,640,000 | -2,802,000 | -72,883,000 | 82,800,000 | 111,013,000 | -187,377,000 | -48,642,000 | 892,713,000 | |||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of period | 0 | 368,815,000 | 0 | 0 | 255,187,000 | 0 | 0 | 317,627,000 | 0 | 0 | 0 | 226,854,000 | 645,129,000 | 1,000 | ||||||||||||||||||||||||||||||
cash and cash equivalents, end of period | 69,601,000 | 335,219,000 | -73,710,000 | 85,758,000 | 360,720,000 | -191,305,000 | 292,156,000 | 226,471,000 | -48,642,000 | -11,895,000 | -25,962,000 | 122,692,000 | 107,994,000 | 892,714,000 | ||||||||||||||||||||||||||||||
fair value of assets acquired, net of cash | 48,896,000 | 221,125,000 | ||||||||||||||||||||||||||||||||||||||||||
unsettled common stock repurchased | 1,537,000 | |||||||||||||||||||||||||||||||||||||||||||
deposit on property acquisition | -18,178,000 | |||||||||||||||||||||||||||||||||||||||||||
amortization of deferred financing costs | 3,558,000 | 3,896,000 | 3,649,000 | 3,510,000 | 2,958,000 | 2,648,000 | 2,895,000 | 1,445,000 | 957,000 | 1,039,000 | 394,000 | 30,000 | 3,000 | |||||||||||||||||||||||||||||||
amortization of convertible debt discount and deferred fees | 5,201,000 | 5,128,000 | 5,140,000 | 5,363,000 | 3,167,000 | 3,221,000 | 2,988,000 | |||||||||||||||||||||||||||||||||||||
amortization of net discount (premium) from secured borrowings on transferred loans | ||||||||||||||||||||||||||||||||||||||||||||
impairment of real estate | ||||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment | 0 | 434,000 | ||||||||||||||||||||||||||||||||||||||||||
capitalized costs written off | ||||||||||||||||||||||||||||||||||||||||||||
decrease (increase) in restricted cash | 234,000 | |||||||||||||||||||||||||||||||||||||||||||
spin-off of starwood waypoint residential trust | ||||||||||||||||||||||||||||||||||||||||||||
acquisition and improvement of single family homes | ||||||||||||||||||||||||||||||||||||||||||||
purchase of non-performing loans | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of non-performing loans | 0 | 0 | 1,153,000 | |||||||||||||||||||||||||||||||||||||||||
purchase of lnr, net of cash acquired | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from issuance of convertible senior notes | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from secured borrowings | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, beginning of year | ||||||||||||||||||||||||||||||||||||||||||||
cash and cash equivalents, end of year | ||||||||||||||||||||||||||||||||||||||||||||
fair value of assets acquired | 342,408,000 | 146,990,000 | ||||||||||||||||||||||||||||||||||||||||||
net assets distributed in spin-off of starwood waypoint residential trust | 0 | 0 | 1,008,377,000 | |||||||||||||||||||||||||||||||||||||||||
interest only security received in connection with securitization | ||||||||||||||||||||||||||||||||||||||||||||
amortization of net premium (discount) from secured borrowings on transferred loans | 0 | 0 | 4,000 | |||||||||||||||||||||||||||||||||||||||||
decrease in restricted cash | 5,326,000 | |||||||||||||||||||||||||||||||||||||||||||
assets acquired from consolidated vies | -70,815,000 | |||||||||||||||||||||||||||||||||||||||||||
unsettled trades and loans receivable | ||||||||||||||||||||||||||||||||||||||||||||
amortization of premium from secured borrowings on transferred loans | ||||||||||||||||||||||||||||||||||||||||||||
gain on non-performing loans and sale of investments | ||||||||||||||||||||||||||||||||||||||||||||
accrued interest receivable, less purchased interest | 3,063,000 | -1,275,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of single family homes | 0 | 0 | 1,784,000 | |||||||||||||||||||||||||||||||||||||||||
principal repayments on borrowings | -44,000 | -72,000 | ||||||||||||||||||||||||||||||||||||||||||
other-than-temporary impairment of investment securities | 213,000 | |||||||||||||||||||||||||||||||||||||||||||
deposit on purchase of lnr | ||||||||||||||||||||||||||||||||||||||||||||
net decrease in cash and cash equivalents | -537,135,000 | |||||||||||||||||||||||||||||||||||||||||||
unsettled trade receivable | ||||||||||||||||||||||||||||||||||||||||||||
conversion of non-performing residential loans to residential real estate | 3,590,000 | |||||||||||||||||||||||||||||||||||||||||||
accretion of net discount on mortgage-backed securities | ||||||||||||||||||||||||||||||||||||||||||||
amortization of premium from collateralized debt obligations | ||||||||||||||||||||||||||||||||||||||||||||
stock-based compensation | 4,236,000 | 2,991,000 | 3,557,000 | 3,884,000 | 1,560,000 | 822,000 | ||||||||||||||||||||||||||||||||||||||
incentive-fee compensation | 1,135,000 | 659,000 | ||||||||||||||||||||||||||||||||||||||||||
gain on sale of available-for-sale securities | ||||||||||||||||||||||||||||||||||||||||||||
gain on sale of loans | ||||||||||||||||||||||||||||||||||||||||||||
gain on foreign currency remeasurement | ||||||||||||||||||||||||||||||||||||||||||||
gain on sale of other investments | ||||||||||||||||||||||||||||||||||||||||||||
net change in unrealized (gains) losses on loans held-for-sale at fair value | 0 | |||||||||||||||||||||||||||||||||||||||||||
unrealized (gains) losses on interest rate hedges | ||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on credit hedges | ||||||||||||||||||||||||||||||||||||||||||||
unrealized (gains) losses on currency hedges | ||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency remeasurement losses | ||||||||||||||||||||||||||||||||||||||||||||
otti | 676,000 | 892,000 | ||||||||||||||||||||||||||||||||||||||||||
accounts payable and accrued expenses | 3,216,000 | 1,063,000 | 447,000 | |||||||||||||||||||||||||||||||||||||||||
other liabilities | -2,764,000 | -12,404,000 | -3,147,000 | 281,000 | ||||||||||||||||||||||||||||||||||||||||
origination of held-for-sale loans | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of held-for-sale loans | 0 | |||||||||||||||||||||||||||||||||||||||||||
purchase of mortgage-backed securities | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of mortgage-backed securities | 199,464,000 | 0 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from mortgage-backed securities maturities | 0 | 5,605,000 | 6,160,000 | |||||||||||||||||||||||||||||||||||||||||
mortgage-backed securities principal repayments | 24,417,000 | |||||||||||||||||||||||||||||||||||||||||||
origination and purchase of loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||
loan maturities | 41,922,000 | 164,547,000 | ||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of loans held for investment | -46,000 | |||||||||||||||||||||||||||||||||||||||||||
loan investment principal repayments | ||||||||||||||||||||||||||||||||||||||||||||
purchased interest on investments | -2,572,000 | |||||||||||||||||||||||||||||||||||||||||||
purchase of other investments | ||||||||||||||||||||||||||||||||||||||||||||
return of investment from other investments | 298,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of other investments | 0 | 1,000 | 2,843,000 | |||||||||||||||||||||||||||||||||||||||||
purchase of treasury securities | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of treasury securities | 112,741,000 | |||||||||||||||||||||||||||||||||||||||||||
cash deposited as collateral under treasury securities loan agreement | ||||||||||||||||||||||||||||||||||||||||||||
return of collateral under treasury securities loan agreement | ||||||||||||||||||||||||||||||||||||||||||||
borrowings under secured financing agreements | 572,254,000 | |||||||||||||||||||||||||||||||||||||||||||
principal repayments on borrowings under secured financing arrangements | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock offering | 0 | 0 | ||||||||||||||||||||||||||||||||||||||||||
payment of underwriting and offering costs | ||||||||||||||||||||||||||||||||||||||||||||
treasury stock purchased | ||||||||||||||||||||||||||||||||||||||||||||
distributions to non-controlling interest owners | ||||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash financing activity: | ||||||||||||||||||||||||||||||||||||||||||||
unrealized gains on interest rate hedges | ||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on currency hedges | 2,113,000 | 3,916,000 | ||||||||||||||||||||||||||||||||||||||||||
loan investment principal amortization | ||||||||||||||||||||||||||||||||||||||||||||
investments in other investments | -6,000,000 | |||||||||||||||||||||||||||||||||||||||||||
net change in unrealized losses (gains) on loans held-for-sale at fair value | ||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on credit hedges | ||||||||||||||||||||||||||||||||||||||||||||
loan investment repayments | 3,706,000 | 2,201,000 | ||||||||||||||||||||||||||||||||||||||||||
supplemental disclosure of non-cash investing and financing activity: | ||||||||||||||||||||||||||||||||||||||||||||
amortization of net discount on mortgage backed securities | -749,000 | |||||||||||||||||||||||||||||||||||||||||||
amortization of net deferred loan fees and discounts | -481,000 | |||||||||||||||||||||||||||||||||||||||||||
unrealized losses on loans held for sale at fair value | ||||||||||||||||||||||||||||||||||||||||||||
unrealized losses on interest rate hedges | 6,869,000 | |||||||||||||||||||||||||||||||||||||||||||
unrealized gains on credit spread hedges | ||||||||||||||||||||||||||||||||||||||||||||
unrealized foreign currency remeasurement gain | ||||||||||||||||||||||||||||||||||||||||||||
receivable for securities sold | ||||||||||||||||||||||||||||||||||||||||||||
origination of held for sale loans | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sale of held for sale loans | 154,365,000 | 83,472,000 | 56,312,000 | |||||||||||||||||||||||||||||||||||||||||
mortgage-backed securities principal paydowns | 17,474,000 | 43,320,000 | 34,033,000 | |||||||||||||||||||||||||||||||||||||||||
purchase of loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from other investment repayments | ||||||||||||||||||||||||||||||||||||||||||||
borrowings from secured financing arrangements | 237,663,000 | 455,898,000 | 322,927,000 | |||||||||||||||||||||||||||||||||||||||||
proceeds from collateralized debt obligations | ||||||||||||||||||||||||||||||||||||||||||||
contribution from noncontrolling interest owners | 50,855,000 | |||||||||||||||||||||||||||||||||||||||||||
distribution to noncontrolling interest owners | -42,918,000 | |||||||||||||||||||||||||||||||||||||||||||
dividends declared, not yet paid | -122,000 | 11,139,000 | 30,539,000 | |||||||||||||||||||||||||||||||||||||||||
unsettled securities purchased | ||||||||||||||||||||||||||||||||||||||||||||
transfer of cmbs from held-to-maturity to available-for-sale | ||||||||||||||||||||||||||||||||||||||||||||
unrealized gain on held for sale loans at fair value | ||||||||||||||||||||||||||||||||||||||||||||
unrealized remeasurement gain | ||||||||||||||||||||||||||||||||||||||||||||
realized loss on derivatives | 268,000 | |||||||||||||||||||||||||||||||||||||||||||
unrealized gains on held for sale loans at fair value | ||||||||||||||||||||||||||||||||||||||||||||
purchases of mortgage-backed securities | ||||||||||||||||||||||||||||||||||||||||||||
proceeds from sales of mortgage-backed securities | 92,669,000 | |||||||||||||||||||||||||||||||||||||||||||
origination or acquisition of loans held for investment | ||||||||||||||||||||||||||||||||||||||||||||
loans held for investment repayments | 5,753,000 | |||||||||||||||||||||||||||||||||||||||||||
other investments | ||||||||||||||||||||||||||||||||||||||||||||
investment in mortgage-backed securities | -35,918,000 | |||||||||||||||||||||||||||||||||||||||||||
mortgage-backed securities investment repayments | 1,699,000 | |||||||||||||||||||||||||||||||||||||||||||
investment in loans | -521,359,000 | |||||||||||||||||||||||||||||||||||||||||||
borrowings of secured financing arrangements | 25,000,000 | 171,579,000 | ||||||||||||||||||||||||||||||||||||||||||
contribution from noncontrolling interests | 2,578,000 | |||||||||||||||||||||||||||||||||||||||||||
distribution to noncontrolling interests | -299,000 | |||||||||||||||||||||||||||||||||||||||||||
dividends declared | 10,698,000 | 5,349,000 | ||||||||||||||||||||||||||||||||||||||||||
unsettled acquisition trades | 3,764,000 | |||||||||||||||||||||||||||||||||||||||||||
net loss | -1,771,000 | |||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net loss to net cash from operating activities: | ||||||||||||||||||||||||||||||||||||||||||||
amortization of net discount | -2,000 | |||||||||||||||||||||||||||||||||||||||||||
interest income receivable, less purchased interest | -772,000 | |||||||||||||||||||||||||||||||||||||||||||
investment in commercial mortgage-backed securities held to maturity | -202,633,000 | |||||||||||||||||||||||||||||||||||||||||||
purchased interest on commercial mortgage-backed securities | -253,000 | |||||||||||||||||||||||||||||||||||||||||||
contractual deposits | -5,000,000 | |||||||||||||||||||||||||||||||||||||||||||
repurchase and retirement of shares | -1,000 | |||||||||||||||||||||||||||||||||||||||||||
proceeds from common stock offerings | 951,500,000 | |||||||||||||||||||||||||||||||||||||||||||
payments of underwriting and offering costs | -29,622,000 | |||||||||||||||||||||||||||||||||||||||||||
deferred offering costs | 27,195,000 | |||||||||||||||||||||||||||||||||||||||||||
adjustments to reconcile net income to net cash provided from operating activities: |