PR Newswire·Nov 6, 2026, 7:00 AM ET

Starwood Property Trust Reports Results for Quarter Ended September 30, 2026

Starwood Property Trust reported a third quarter GAAP net loss of $389.7 million & Distributable Earnings (DE) of $0.31 per diluted share for the period ended September 30, 2026.
DE prior to realized commercial lending gains & losses was $0.41 per diluted share, reflecting $155.2 million in total earnings before these specific items.
The company invested $3.2 billion during the quarter & $8.2 billion across the first nine months of 2026.
Commercial lending investments totaled $2.4 billion in the quarter, the highest level in four years, bringing the portfolio to a record $17.8 billion.
The company repurchased $108 million of common shares during the quarter & declared a dividend of $0.48 per share.
A $336.6 million credit loss provision & $32.2 million in non-cash property impairments contributed to the quarterly GAAP loss.
Fitch reaffirmed its highest rating for LNR's Commercial Special Servicer (CSS1).
Management noted that despite skyrocketing interest rates & market volatility, the company resolved underperforming assets & maintained strong liquidity.
The company proactively refinanced approximately $2.1 billion of corporate debt at rates below current market levels prior to the significant rate increase.