Starwood Property Trust, Inc. filed its Form 10-Q with the SEC on November 6, 2026, covering the quarterly period ended September 30, 2026, reporting total assets of $57,955,110 thousand and total liabilities of $51,434,456 thousand on its condensed consolidated balance sheet.

Key Highlights

  • Total assets of $57.96 billion as of September 30, 2026, down from $63.18 billion as of December 31, 2025, according to the filing.
  • Loans held-for-investment stood at $19,969,078 thousand, net of credit loss allowances of $704,189 thousand, compared with $18,862,712 thousand (net of $440,842 thousand) at December 31, 2025.
  • Secured financing agreements totaled $15,348,812 thousand as of September 30, 2026, up from $12,678,948 thousand at year-end 2025.
  • Common shares outstanding were 364,056,685 as of September 30, 2026, with 364,004,978 shares outstanding as of October 30, 2026, the filing reported.
  • Cash and cash equivalents were $391,935 thousand at September 30, 2026, compared with $499,480 thousand at December 31, 2025.
  • VIE assets at fair value declined to $27,698,776 thousand from $34,493,164 thousand at year-end 2025, according to the filing.

Starwood Property Trust Balance Sheet and Capital Structure: September 30, 2026

Starwood Property Trust, Inc. (NYSE:STWD), a Maryland-incorporated real estate finance company headquartered in Miami Beach, Florida, reported condensed consolidated balance sheet figures reflecting a reduction in total assets to $57,955,110 thousand as of September 30, 2026, from $63,183,357 thousand at December 31, 2025. The filing attributes a substantial portion of the decline to a decrease in variable interest entity assets, which fell from $34,493,164 thousand to $27,698,776 thousand over the same period. VIE liabilities also declined correspondingly, from $32,803,806 thousand to $26,145,307 thousand.

On the lending side, the company disclosed loans held-for-investment of $19,969,078 thousand, net of credit loss allowances of $704,189 thousand, with $212,750 thousand of that balance carried at fair value. This compares with a net balance of $18,862,712 thousand at December 31, 2025, when no portion was held at fair value. Loans held-for-sale at fair value stood at $2,055,638 thousand, down from $2,323,543 thousand at year-end. Investment securities, net of credit loss allowances of $76,990 thousand, were reported at $496,103 thousand, up from $301,000 thousand at December 31, 2025.

The company's equity structure showed preferred stock with 100,000,000 shares authorized and no shares issued or outstanding. Common stock carries a $0.01 par value, with 500,000,000 shares authorized and 379,893,449 shares issued and 364,056,685 shares outstanding as of September 30, 2026. Redeemable non-controlling interests classified as temporary equity were $359,225 thousand, compared with $364,118 thousand at year-end 2025. Dividends payable were $177,717 thousand at September 30, 2026, versus $180,413 thousand at December 31, 2025. The filing notes that forward-looking statements are subject to the company's cautionary language and the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.

What Was Disclosed

Starwood Property Trust filed its quarterly report covering the period ended September 30, 2026, disclosing balance sheet data including total assets of $57,955,110 thousand, total liabilities of $51,434,456 thousand, net loans held-for-investment of $19,969,078 thousand, and 364,056,685 common shares outstanding.