2020 Q4 Form 10-Q Financial Statement

#000155837020012698 Filed on November 05, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $290.6M $267.4M $288.3M
YoY Change 1.44% -7.25% 0.91%
Cost Of Revenue $142.4M $119.1M $153.4M
YoY Change -13.01% -22.36% 18.73%
Gross Profit $148.1M $148.3M $134.9M
YoY Change 20.7% 9.93% -13.8%
Gross Profit Margin 50.97% 55.45% 46.79%
Selling, General & Admin $77.30M $69.00M $71.30M
YoY Change 4.6% -3.23% 16.12%
% of Gross Profit 52.19% 46.53% 52.85%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $23.60M $23.50M $28.80M
YoY Change -13.24% -18.4% -15.04%
% of Gross Profit 15.94% 15.85% 21.35%
Operating Expenses $88.80M $89.20M $99.60M
YoY Change -15.83% -10.44% 3.11%
Operating Profit $59.30M $59.10M $35.30M
YoY Change 244.77% 67.42% -41.07%
Interest Expense $70.60M $95.98M $123.2M
YoY Change -59.61% -22.07% 19.97%
% of Operating Profit 119.06% 162.4% 348.88%
Other Income/Expense, Net -$400.0K $121.3M $119.4M
YoY Change -33.33% 1.57% 169.35%
Pretax Income $128.0M $179.6M $154.5M
YoY Change -29.98% 16.22% 58.21%
Income Tax $13.40M $14.84M $4.513M
% Of Pretax Income 10.47% 8.27% 2.92%
Net Earnings $107.0M $151.8M $140.4M
YoY Change -37.76% 8.15% 66.08%
Net Earnings / Revenue 36.81% 56.78% 48.69%
Basic Earnings Per Share $0.37 $0.53 $0.50
Diluted Earnings Per Share $0.37 $0.52 $0.49
COMMON SHARES
Basic Shares Outstanding 284.7M 284.5M 281.5M
Diluted Shares Outstanding 292.5M shares 289.9M

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.300B $1.125B $1.093B
YoY Change 0.87% 2.9% 311.0%
Cash & Equivalents $563.2M $379.9M $284.1M
Short-Term Investments $736.7M $745.1M $809.1M
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $659.0M $458.0M $336.0M
YoY Change 21.59% 36.31% 5.33%
LONG-TERM ASSETS
Property, Plant & Equipment $2.271B $2.208B $2.730B
YoY Change 0.22% -19.12% -5.5%
Goodwill $259.8M $259.8M $259.8M
YoY Change 0.0% 0.0%
Intangibles $70.12M $74.14M $119.9M
YoY Change -18.18% -38.19%
Long-Term Investments $62.72M $58.52M $101.1M
YoY Change 8.92% -42.12% -89.96%
Other Assets $159.0M $131.0M $111.0M
YoY Change 65.63% 18.02% -37.29%
Total Long-Term Assets $80.21B $80.16B $74.10B
YoY Change 3.5% 8.18% 18.36%
TOTAL ASSETS
Total Short-Term Assets $659.0M $458.0M $336.0M
Total Long-Term Assets $80.21B $80.16B $74.10B
Total Assets $80.87B $80.62B $74.43B
YoY Change 3.63% 8.31% 18.3%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $207.0M $201.0M $234.0M
YoY Change -2.36% -14.1% 8.84%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $657.0M $80.00M $53.00M
YoY Change 36.88% 50.94% -73.1%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.041B $441.0M $449.0M
YoY Change 19.66% -1.78% -21.23%
LONG-TERM LIABILITIES
Long-Term Debt $12.15B $12.40B $11.05B
YoY Change 7.72% 12.23% 5.35%
Other Long-Term Liabilities $62.82B $62.89B $58.02B
YoY Change 3.4% 8.39% 23.5%
Total Long-Term Liabilities $74.97B $75.29B $69.07B
YoY Change 4.08% 9.0% 20.19%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.041B $441.0M $449.0M
Total Long-Term Liabilities $74.97B $75.29B $69.07B
Total Liabilities $76.01B $75.73B $69.52B
YoY Change 4.26% 8.93% 19.25%
SHAREHOLDERS EQUITY
Retained Earnings -$629.7M -$599.0M -$417.5M
YoY Change 64.97% 43.47%
Common Stock $5.213B $5.204B $5.125B
YoY Change 1.5% 1.54%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.489B $4.514B $4.655B
YoY Change
Total Liabilities & Shareholders Equity $80.87B $80.62B $74.43B
YoY Change 3.63% 8.31% 18.3%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $107.0M $151.8M $140.4M
YoY Change -37.76% 8.15% 66.08%
Depreciation, Depletion And Amortization $23.60M $23.50M $28.80M
YoY Change -13.24% -18.4% -15.04%
Cash From Operating Activities $519.4M -$243.6M -$86.90M
YoY Change -6.68% 180.32% -126.96%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$341.8M -$329.2M $197.3M
YoY Change -70.89% -266.85% -108.15%
Cash From Investing Activities -$341.8M -$329.2M $197.3M
YoY Change -70.89% -266.85% -108.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 33.20M 559.5M -229.9M
YoY Change -95.83% -343.37% -110.63%
NET CHANGE
Cash From Operating Activities 519.4M -243.6M -86.90M
Cash From Investing Activities -341.8M -329.2M 197.3M
Cash From Financing Activities 33.20M 559.5M -229.9M
Net Change In Cash 210.8M -13.30M -119.5M
YoY Change 18.29% -88.87% -283.85%
FREE CASH FLOW
Cash From Operating Activities $519.4M -$243.6M -$86.90M
Capital Expenditures
Free Cash Flow
YoY Change

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GainLossOnMortgageLoansHeldForSale
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CY2019Q3 stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
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stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
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stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
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CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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GainLossOnSaleOfInvestmentsNet
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stwd Gain Loss On Sale Of Investments Net
GainLossOnSaleOfInvestmentsNet
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stwd Gain Loss On Sale Of Investments Net
GainLossOnSaleOfInvestmentsNet
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CY2020Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
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CY2019Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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CY2020Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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CY2019Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
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OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2020Q3 us-gaap Nonoperating Income Expense
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CY2019Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2019Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019Q3 us-gaap Income Tax Expense Benefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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ProfitLoss
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CY2019Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2019Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Net Income Loss
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stwd Incentive Fee Compensation
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
224721000
us-gaap Net Income Loss
NetIncomeLoss
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EarningsPerShareBasic
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CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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EarningsPerShareDiluted
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CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020Q3 us-gaap Profit Loss
ProfitLoss
164734000
CY2019Q3 us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
251426000
us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2019Q3 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
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CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
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CY2020Q3 stwd Redemption Of Units For Common Stock Value
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CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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CY2020Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2020Q3 us-gaap Profit Loss
ProfitLoss
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CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
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CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2020Q3 stwd Noncontrolling Interests Increase Decrease From Variable Interest Entity
NoncontrollingInterestsIncreaseDecreaseFromVariableInterestEntity
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CY2020Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
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CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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stwd Redemption Of Units
RedemptionOfUnits
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us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
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us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
9362000
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
10338000
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q3 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
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CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
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CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2019Q3 us-gaap Profit Loss
ProfitLoss
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CY2019Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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CY2019Q3 us-gaap Dividends Common Stock
DividendsCommonStock
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OtherComprehensiveIncomeLossNetOfTax
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CY2019Q3 stwd Noncontrolling Interests Increase Decrease From Variable Interest Entity
NoncontrollingInterestsIncreaseDecreaseFromVariableInterestEntity
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CY2019Q3 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Treasury Stock Value Acquired Cost Method
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us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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us-gaap Profit Loss
ProfitLoss
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Dividends Common Stock
DividendsCommonStock
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OtherComprehensiveIncomeLossNetOfTax
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stwd Noncontrolling Interests Increase Decrease From Variable Interest Entity
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
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us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
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us-gaap Profit Loss
ProfitLoss
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us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
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us-gaap Dividends Common Stock
DividendsCommonStock
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OtherComprehensiveIncomeLossNetOfTax
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stwd Noncontrolling Interests Increase Decrease From Variable Interest Entity
NoncontrollingInterestsIncreaseDecreaseFromVariableInterestEntity
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us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
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us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
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CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
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us-gaap Amortization Of Deferred Charges
AmortizationOfDeferredCharges
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
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us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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stwd Foreign Currency Transaction Gain Loss Before Tax Cash Flow Impact
ForeignCurrencyTransactionGainLossBeforeTaxCashFlowImpact
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us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
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stwd Foreign Currency Transaction Gain Loss Before Tax Cash Flow Impact
ForeignCurrencyTransactionGainLossBeforeTaxCashFlowImpact
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us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
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stwd Accretion Of Net Deferred Loan Fees And Discounts
AccretionOfNetDeferredLoanFeesAndDiscounts
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stwd Accretion Of Net Deferred Loan Fees And Discounts
AccretionOfNetDeferredLoanFeesAndDiscounts
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stwd Gain On Sale Of Investments Cash Flow
GainOnSaleOfInvestmentsCashFlow
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stwd Share Based Compensation And Nonemployee Services Transaction Expense
ShareBasedCompensationAndNonemployeeServicesTransactionExpense
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stwd Share Based Compensation And Nonemployee Services Transaction Expense
ShareBasedCompensationAndNonemployeeServicesTransactionExpense
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stwd Gain On Sale Of Investments Cash Flow
GainOnSaleOfInvestmentsCashFlow
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stwd Lease Intangibles And Other Assets Impairment Charges
LeaseIntangiblesAndOtherAssetsImpairmentCharges
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stwd Provision For Loan Losses Net
ProvisionForLoanLossesNet
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stwd Provision For Loan Losses Net
ProvisionForLoanLossesNet
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stwd Depreciation And Amortization Excluding Amortization Of Above Below Market Leases
DepreciationAndAmortizationExcludingAmortizationOfAboveBelowMarketLeases
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stwd Depreciation And Amortization Excluding Amortization Of Above Below Market Leases
DepreciationAndAmortizationExcludingAmortizationOfAboveBelowMarketLeases
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us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
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us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
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stwd Incentive Fee Compensation
IncentiveFeeCompensation
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us-gaap Marketable Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
3132000
us-gaap Marketable Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
995000
stwd Change In Fair Value Of Consolidated Variable Interest Entity
ChangeInFairValueOfConsolidatedVariableInterestEntity
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stwd Change In Fair Value Of Consolidated Variable Interest Entity
ChangeInFairValueOfConsolidatedVariableInterestEntity
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stwd Change In Fair Value Of Servicing Rights
ChangeInFairValueOfServicingRights
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stwd Change In Fair Value Of Servicing Rights
ChangeInFairValueOfServicingRights
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stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
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stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
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us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
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us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
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us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
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us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
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us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
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IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
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us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
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us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
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us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
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us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
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PaymentsToAcquireInvestments
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us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
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stwd Proceeds From Sales Of Investment Securities
ProceedsFromSalesOfInvestmentSecurities
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stwd Proceeds From Sales Of Investment Securities
ProceedsFromSalesOfInvestmentSecurities
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stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
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stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
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us-gaap Payments Of Financing Costs
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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ProceedsFromSaleOfOtherRealEstate
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us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
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us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
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us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
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us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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ProceedsFromSaleOfInterestInUnconsolidatedEntities
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us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
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us-gaap Payments For Derivative Instrument Investing Activities
PaymentsForDerivativeInstrumentInvestingActivities
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us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
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us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
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us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
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us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
28830000
stwd Proceeds From Issuance Of Debt Of Consolidated Variable Interest Entities
ProceedsFromIssuanceOfDebtOfConsolidatedVariableInterestEntities
149949000
stwd Repayments Of Debt Of Consolidated Variable Interest Entities
RepaymentsOfDebtOfConsolidatedVariableInterestEntities
279419000
stwd Repayments Of Debt Of Consolidated Variable Interest Entities
RepaymentsOfDebtOfConsolidatedVariableInterestEntities
158315000
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
57174000
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
38607000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-19920000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
81140000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-63727000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-90505000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
574031000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
487865000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
902000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-2702000
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
511206000
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
394658000
us-gaap Interest Paid Net
InterestPaidNet
284855000
us-gaap Interest Paid Net
InterestPaidNet
367291000
us-gaap Nature Of Operations
NatureOfOperations
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><b style="font-weight:bold;">1. Business and Organizatio</b><b style="font-weight:bold;">n</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Starwood Property Trust, Inc. (“STWD” and, together with its subsidiaries, “we” or the “Company”) is a Maryland corporation that commenced operations in August 2009, upon the completion of our initial public offering. We are focused primarily on originating, acquiring, financing and managing mortgage loans and other real estate investments in both the United States (“U.S.”) and Europe. As market conditions change over time, we may adjust our strategy to take advantage of changes in interest rates and credit spreads as well as economic and credit conditions.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">We have four reportable business segments as of September 30, 2020 and we refer to the investments within these segments as our target assets:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:36pt;"/><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Real estate commercial and residential lending (the “Commercial and Residential Lending Segment”)—engages primarily in originating, acquiring, financing and managing commercial first mortgages, non-agency residential mortgages (“residential loans”), subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (“CMBS”), residential mortgage-backed securities (“RMBS”) and other real estate and real estate-related debt investments in both the U.S. and Europe (including distressed or non-performing loans). Our residential mortgage loans are secured by a first mortgage lien on residential property and consist of non-agency residential mortgage loans that are not guaranteed by any U.S. Government agency or federally chartered corporation.</span></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:36pt;"/><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Infrastructure lending (the “Infrastructure Lending Segment”)—engages primarily in originating, acquiring, financing and managing infrastructure debt investments. </span></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:36pt;"/><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Real estate property (the “Property Segment”)—engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties, including multifamily properties and commercial properties subject to net leases, that are held for investment. </span></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><table style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:36pt;"/><td style="font-family:'Times New Roman';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">●</td><td style="padding:0pt;"><span style="color:#000000;font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;text-align:left;">Real estate investing and servicing (the “Investing and Servicing Segment”)—includes (i) a servicing business in the U.S. that manages and works out problem assets, (ii) an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, including subordinated interests of securitization and resecuritization transactions, (iii) a mortgage loan business which originates conduit loans for the primary purpose of selling these loans into securitization transactions and (iv) an investment business that selectively acquires commercial real estate assets, including properties acquired from CMBS trusts. </span></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">Our segments exclude the consolidation of securitization variable interest entities (“VIEs”).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">We are organized and conduct our operations to qualify as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”). As such, we will generally not be subject to U.S. federal corporate income tax on that portion of our net income that is distributed to stockholders if we distribute at least 90% of our taxable income to our stockholders by prescribed dates and comply with various other requirements.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">We are organized as a holding company and conduct our business primarily through our various wholly-owned subsidiaries. We are externally managed and advised by SPT Management, LLC (our “Manager”) pursuant to the terms of a management agreement. Our Manager is controlled by Barry Sternlicht, our Chairman and Chief Executive Officer. Our Manager is an affiliate of Starwood Capital Group, a privately-held private equity firm founded by Mr. Sternlicht.</p>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4
us-gaap Income Taxes Paid
IncomeTaxesPaid
2261000
stwd Percentage Of Annual Reit Taxable Income Distributable To Stockholders Minimum
PercentageOfAnnualREITTaxableIncomeDistributableToStockholdersMinimum
0.90
CY2020Q3 us-gaap Marketable Securities
MarketableSecurities
745113000
us-gaap Income Taxes Paid
IncomeTaxesPaid
8848000
CY2020Q3 stwd Dividendspayablecurrentandnoncurrentdividendsdeclaredduringperiod
Dividendspayablecurrentandnoncurrentdividendsdeclaredduringperiod
138737000
CY2019Q3 stwd Dividendspayablecurrentandnoncurrentdividendsdeclaredduringperiod
Dividendspayablecurrentandnoncurrentdividendsdeclaredduringperiod
136533000
stwd Variable Interest Entity Consolidation In Non Cash Investing And Financing Activities
VariableInterestEntityConsolidationInNonCashInvestingAndFinancingActivities
3589657000
stwd Variable Interest Entity Consolidation In Non Cash Investing And Financing Activities
VariableInterestEntityConsolidationInNonCashInvestingAndFinancingActivities
6103915000
stwd Variable Interest Entity Deconsolidation In Non Cash Investing And Financing Activities
VariableInterestEntityDeconsolidationInNonCashInvestingAndFinancingActivities
7652000
stwd Variable Interest Entity Deconsolidation In Non Cash Investing And Financing Activities
VariableInterestEntityDeconsolidationInNonCashInvestingAndFinancingActivities
341186000
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
449025000
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
104327000
us-gaap Transfer Of Loans Held For Sale To Portfolio Loans1
TransferOfLoansHeldForSaleToPortfolioLoans1
340948000
stwd Loan Principal Collections Temporarily Held At Master Servicer
LoanPrincipalCollectionsTemporarilyHeldAtMasterServicer
9911000
stwd Redemption Of Units For Common Stock Value
RedemptionOfUnitsForCommonStockValue
8538000
stwd Redemption Of Units For Common Stock Value
RedemptionOfUnitsForCommonStockValue
21070000
stwd Stock Issued During Period Unsettled Value
StockIssuedDuringPeriodUnsettledValue
379000
us-gaap Notes Reduction
NotesReduction
75525000
stwd Settlement Of Loans Transferred As Secured Borrowings
SettlementOfLoansTransferredAsSecuredBorrowings
74692000
stwd Net Assets Acquired Through Foreclosure
NetAssetsAcquiredThroughForeclosure
27416000
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
9626000
stwd Variable Interest Entity Consolidation Fair Value Of Assets Acquired
VariableInterestEntityConsolidationFairValueOfAssetsAcquired
8613000
stwd Mortgage Loans On Real Estate Capitalized Interest
MortgageLoansOnRealEstateCapitalizedInterest
79869000
CY2020Q3 stwd Reo Assets As Percent Of Consolidated Vie Assets
ReoAssetsAsPercentOfConsolidatedVieAssets
0.01
CY2020Q3 stwd Loans As Percent Of Consolidated Vie Assets
LoansAsPercentOfConsolidatedVieAssets
0.99
CY2020Q3 stwd Macroeconomic Recovery Expected Growth Period
MacroeconomicRecoveryExpectedGrowthPeriod
P5Y
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
2713237000
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
2429078000
CY2020Q3 stwd Permitted Reinvestment Under Static Investment In Variable Interest Entity
PermittedReinvestmentUnderStaticInvestmentInVariableInterestEntity
0
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="font-style:italic;font-weight:bold;">Use of Estimates</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. The most significant and subjective estimate that we make is the projection of cash flows we expect to receive on our investments, which has a significant impact on the amount of income that we record and/or disclose. In addition, the fair value of financial assets and liabilities that are estimated using a discounted cash flows method is significantly impacted by the rates at which we estimate market participants would discount the expected cash flows.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;"><span style="visibility:hidden;">​</span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt;">In December 2019, a novel strain of coronavirus (“COVID-19”) was reported to have surfaced in Wuhan, China. COVID-19 has since spread to over 200 countries and territories, including every state in the U.S and in cities and regions where our corporate headquarters and/or properties that secure our investments, or properties that we own, are located, and is continuing to spread. On March <span style="white-space:pre-wrap;">11, 2020, the World Health Organization declared COVID-19 a pandemic, and since then, numerous countries, including the U.S., have declared national emergencies with respect to COVID-19 and have instituted “stay-at-home” guidelines or orders to help prevent its spread. Such actions are creating disruption in global supply chains, increasing rates of unemployment and adversely impacting many industries. The outbreak could have a continued adverse impact on economic and market conditions and trigger a period of global economic slowdown. The rapid development and fluidity of this situation precludes any prediction as to the ultimate adverse impact of COVID-19 on economic and market conditions. We believe the estimates and assumptions underlying </span></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><span style="white-space:pre-wrap;">our consolidated financial statements are reasonable and supportable based on the information available as of September 30, 2020. However, uncertainty over the ultimate impact COVID-19 will have on the global economy generally, and our business in particular, makes any estimates and assumptions as of September 30, 2020 inherently less certain than they would be absent the current and potential impacts of COVID-19. Actual results may ultimately differ from those estimates.</span></p>
CY2019Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
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CY2020Q3 stwd Mortgage Loans On Real Estate Gross Carrying Amount Of Mortgages
MortgageLoansOnRealEstateGrossCarryingAmountOfMortgages
12041072000
CY2020Q3 stwd Mortgage Loans On Real Estate Principal Amount Of Mortgages
MortgageLoansOnRealEstatePrincipalAmountOfMortgages
12076990000
CY2020Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
109747000
CY2020Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
11931325000
CY2019Q4 stwd Mortgage Loans On Real Estate Gross Carrying Amount Of Mortgages
MortgageLoansOnRealEstateGrossCarryingAmountOfMortgages
11503835000
CY2019Q4 stwd Mortgage Loans On Real Estate Principal Amount Of Mortgages
MortgageLoansOnRealEstatePrincipalAmountOfMortgages
11530915000
CY2019Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
33611000
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
11470224000
CY2020Q3 us-gaap Loans Receivable With Variable Rates Of Interest1
LoansReceivableWithVariableRatesOfInterest1
10126332000
CY2020Q3 us-gaap Loans Receivable Basis Spread On Variable Rate
LoansReceivableBasisSpreadOnVariableRate
0.041
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
5607829000
stwd Period Covered In Data Base
PeriodCoveredInDataBase
P20Y
CY2020Q3 stwd Mortgage Loans On Real Estate Gross Carrying Amount Of Mortgages
MortgageLoansOnRealEstateGrossCarryingAmountOfMortgages
12041072000
CY2020Q3 us-gaap Impaired Financing Receivable Related Allowance
ImpairedFinancingReceivableRelatedAllowance
109747000
CY2019Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
11470224000
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
4168949000
stwd Mortgage Loans On Real Estate Capitalized Interest
MortgageLoansOnRealEstateCapitalizedInterest
105377000
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
2433412000
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1396124000
stwd Mortgage Loans On Real Estate Discount Accretion And Premium Amortization
MortgageLoansOnRealEstateDiscountAccretionAndPremiumAmortization
30468000
stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
79700000
stwd Mortgage Loans On Real Estate Unrealized Foreign Currency Remeasurement Gain Loss
MortgageLoansOnRealEstateUnrealizedForeignCurrencyRemeasurementGainLoss
16608000
us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
56809000
CY2020Q3 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
11931325000
CY2018Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
9794254000
stwd Mortgage Loans On Real Estate Discount Accretion And Premium Amortization
MortgageLoansOnRealEstateDiscountAccretionAndPremiumAmortization
24193000
stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
65678000
stwd Mortgage Loans On Real Estate Unrealized Foreign Currency Remeasurement Gain Loss
MortgageLoansOnRealEstateUnrealizedForeignCurrencyRemeasurementGainLoss
37191000
us-gaap Allowance For Loan And Lease Losses Period Increase Decrease
AllowanceForLoanAndLeaseLossesPeriodIncreaseDecrease
3242000
stwd Mortgage Loans On Real Estate Write Off Of Capitalized Cost
MortgageLoansOnRealEstateWriteOffOfCapitalizedCost
27303000
CY2019Q4 us-gaap Marketable Securities
MarketableSecurities
810238000
CY2020Q3 stwd Purchase Of Marketable Securities
PurchaseOfMarketableSecurities
6288000
CY2020Q3 stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
17478000
CY2019Q3 stwd Purchase Of Marketable Securities
PurchaseOfMarketableSecurities
5165000
CY2019Q3 stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
45857000
stwd Purchase Of Marketable Securities
PurchaseOfMarketableSecurities
22408000
stwd Sale Of Marketable Securities
SaleOfMarketableSecurities
7940000
stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
67957000
stwd Purchase Of Marketable Securities
PurchaseOfMarketableSecurities
5165000
stwd Sale Of Marketable Securities
SaleOfMarketableSecurities
3978000
stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
118892000
CY2019Q4 stwd Debt Securities Held To Maturity Net
DebtSecuritiesHeldToMaturityNet
570638000
CY2019Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
2094000
CY2020Q3 stwd Held To Maturity Securities Debt Maturities After Three Through Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterThreeThroughFiveYearsNetCarryingAmount
21499000
CY2020Q2 stwd Equity Method Investment Ownership Percentage Sold
EquityMethodInvestmentOwnershipPercentageSold
0.37
CY2020Q2 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
10300000
CY2019Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
4005000
CY2019Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
568727000
CY2020Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
10300000
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
17600000
CY2020Q3 stwd Number Of Securities With Unrealized Losses
NumberOfSecuritiesWithUnrealizedLosses
2
CY2019Q4 stwd Number Of Securities With Unrealized Losses
NumberOfSecuritiesWithUnrealizedLosses
1
CY2020Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
547721000
CY2020Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
6425000
CY2020Q3 stwd Debt Securities Held To Maturity Net
DebtSecuritiesHeldToMaturityNet
541296000
CY2020Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
352000
CY2020Q3 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
28840000
CY2020Q3 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
512808000
CY2019Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
570638000
us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
2295000
CY2020Q3 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
6425000
CY2020Q3 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
270716000
CY2020Q3 stwd Held To Maturity Securities Debt Maturities After One Through Three Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughThreeYearsNetCarryingAmount
211900000
CY2020Q3 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
513
CY2020Q3 stwd Held To Maturity Securities Debt Maturities After Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveYearsNetCarryingAmount
37181000
CY2020Q3 stwd Debt Securities Held To Maturity Net
DebtSecuritiesHeldToMaturityNet
541296000
CY2020Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2489438000
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
2490630000
CY2020Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
281616000
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
224190000
CY2020Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2207822000
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
2266440000
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
58522000
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
57583000
CY2020Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
45862000
CY2019Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
26746000
CY2020Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
104384000
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
84329000
CY2020Q3 stwd Number Of Publicly Traded Investments
NumberOfPubliclyTradedInvestments
0
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
18.23
CY2020Q3 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
0
stwd Unit Redemption Common Stock Shares Issued Amount
UnitRedemptionCommonStockSharesIssuedAmount
400000
stwd Unit Redemption Settled For Cash Value
UnitRedemptionSettledForCashValue
100000
stwd Unit Redemption Settled For Cash Amount
UnitRedemptionSettledForCashAmount
1300000
CY2020Q3 us-gaap Derivative Assets
DerivativeAssets
64825000
CY2020Q1 us-gaap Stock Repurchase Program Period In Force1
StockRepurchaseProgramPeriodInForce1
P1Y
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
9857000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
38000
CY2020Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
172021000
CY2020Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
97882000
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
74139000
CY2019Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
176428000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
90728000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
85700000
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
85700000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9063000
stwd Intangible Assets Sold
IntangibleAssetsSold
170000
stwd Indefinite Lived Intangible Assets Adjustments For Change In Inputs And Assumptions
IndefiniteLivedIntangibleAssetsAdjustmentsForChangeInInputsAndAssumptions
-2328000
CY2020Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
74139000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
2636000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9644000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7862000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
6115000
CY2020Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
4722000
CY2020Q3 stwd Finite Lived Intangible Assets Amortization Expense Year Five And After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFiveAndAfterYearFive
28571000
CY2020Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
59550000
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
38000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
213000
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
3136000
CY2020Q3 stwd Debt Instrument Convertible Principal Amount For Conversion Ratio
DebtInstrumentConvertiblePrincipalAmountForConversionRatio
1000
CY2020Q3 us-gaap Share Price
SharePrice
15.09
CY2019Q4 us-gaap Derivative Assets
DerivativeAssets
28943000
CY2020Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
13452000
CY2019Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
8740000
CY2020Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-28097000
CY2019Q3 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
21933000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
-34485000
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
19694000
CY2020Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
5562224000
CY2020Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
5562224000
CY2020Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
5558169000
CY2020Q3 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
3097000
CY2020Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
958000
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
4618197000
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
4618197000
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
4614769000
CY2019Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
292000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1163086
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue
22.50
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
20960
CY2019Q3 stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
142268000
stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
221299000
stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
344322000
CY2020Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
282596000
CY2020Q3 stwd Number Of Collateralized Debt Obligation Structures Consolidated
NumberOfCollateralizedDebtObligationStructuresConsolidated
0
CY2020Q3 stwd Related Party Base Management Fee Payable
RelatedPartyBaseManagementFeePayable
19200000
CY2019Q4 stwd Related Party Base Management Fee Payable
RelatedPartyBaseManagementFeePayable
19300000
CY2020Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2020Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2020Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
stwd Stock Issued During Period Shares Atm Equity Offering Sales Agreement
StockIssuedDuringPeriodSharesATMEquityOfferingSalesAgreement
0
stwd Stock Issued During Period Shares Atm Equity Offering Sales Agreement
StockIssuedDuringPeriodSharesATMEquityOfferingSalesAgreement
0
CY2020Q1 us-gaap Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
400000000.0
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1925421
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
28800000
CY2020Q3 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
0
CY2020Q3 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
371200000
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2019Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
279992000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
281686000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
14.23
CY2020Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2549474
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1205000
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
278934000
CY2020Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
9649000
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
2718767
CY2019Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
22.74
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1014753
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.98
CY2020Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
151834000
CY2019Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
140396000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
224721000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
337795000
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1721000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3422000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2779000
CY2020Q3 stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
150113000
CY2019Q3 stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
139191000
stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
221299000
stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
335016000
CY2020Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
151834000
CY2019Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
140396000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
224721000
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
337795000
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1721000
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1205000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3422000
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2779000
CY2020Q3 us-gaap Dilutive Securities
DilutiveSecurities
663000
CY2019Q3 us-gaap Dilutive Securities
DilutiveSecurities
188000
CY2020Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
642000
CY2019Q3 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
182000
CY2020Q3 stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
153189000
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-4747000
CY2019Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
9649000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019Q3 us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
233000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
182000
us-gaap Incremental Common Shares Attributable To Nonvested Shares With Forfeitable Dividends
IncrementalCommonSharesAttributableToNonvestedSharesWithForfeitableDividends
192000
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
292458000
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
289912000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
281868000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
289021000
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.20
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.52
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.49
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.19
CY2020Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
42866000
CY2020Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-581000
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-581000
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
42285000
CY2019Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
57124000
CY2019Q3 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-4688000
CY2019Q3 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
59000
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
52377000
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
50932000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-8647000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-8647000
CY2020Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
42285000
CY2018Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
58660000
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-6224000
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
59000
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-6283000
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
52377000
CY2020Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
37711000
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
32448000
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
54231000
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
77140000
CY2020Q3 stwd Effective Income Tax Rate Net Operating Loss Carryback Rate Differential
EffectiveIncomeTaxRateNetOperatingLossCarrybackRateDifferential
-0.009
CY2020Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
24688000
stwd Income Tax Reconciliation Federal Benefit Of State Tax Deduction
IncomeTaxReconciliationFederalBenefitOfStateTaxDeduction
-335000
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.001
CY2020Q3 stwd Income Tax Reconciliation Net Operating Loss Carryback Rate Differential
IncomeTaxReconciliationNetOperatingLossCarrybackRateDifferential
-1569000
stwd Income Tax Reconciliation Net Operating Loss Carryback Rate Differential
IncomeTaxReconciliationNetOperatingLossCarrybackRateDifferential
-5286000
stwd Effective Income Tax Rate Net Operating Loss Carryback Rate Differential
EffectiveIncomeTaxRateNetOperatingLossCarrybackRateDifferential
-0.020
stwd Income Tax Reconciliation Intra Entity Transfer
IncomeTaxReconciliationIntraEntityTransfer
3781000
stwd Effective Income Tax Rate Reconciliation Intra Entity Transfer
EffectiveIncomeTaxRateReconciliationIntraEntityTransfer
-0.015
CY2020Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
10000
CY2019Q3 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
194000
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.137
CY2019Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-28870000
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.187
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
41697000
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.162
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
71042000
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.193
CY2020Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4278000
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.024
CY2019Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-937000
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.006
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
4118000
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.016
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
1597000
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.004
CY2020Q3 stwd Income Tax Reconciliation Federal Benefit Of State Tax Deduction
IncomeTaxReconciliationFederalBenefitOfStateTaxDeduction
-899000
CY2020Q3 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.005
CY2019Q3 stwd Income Tax Reconciliation Federal Benefit Of State Tax Deduction
IncomeTaxReconciliationFederalBenefitOfStateTaxDeduction
-196000
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.001
stwd Income Tax Reconciliation Federal Benefit Of State Tax Deduction
IncomeTaxReconciliationFederalBenefitOfStateTaxDeduction
-865000
us-gaap Effective Income Tax Rate Reconciliation Deductions
EffectiveIncomeTaxRateReconciliationDeductions
0.003
CY2019Q3 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
96000
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
1020000
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.003
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14843000
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.083
CY2019Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4513000
CY2019Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.029
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6816000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.026
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8380000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.023
CY2017 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
CY2019Q3 stwd Management Fees
ManagementFees
30238000
CY2019Q3 us-gaap Interest Expense
InterestExpense
123156000
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
39766000
CY2019Q3 stwd Acquisition And Investment Pursuit Costs
AcquisitionAndInvestmentPursuitCosts
163000
CY2019Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
31568000
CY2019Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
28269000
CY2020Q3 stwd Derivative Guarantees Number Of Instruments Held
DerivativeGuaranteesNumberOfInstrumentsHeld
6
CY2020Q3 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
169404000
CY2020Q3 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
12186000
CY2020Q3 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
9548000
CY2020Q3 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
75978000
CY2020Q3 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
311000
CY2020Q3 us-gaap Revenues
Revenues
267427000
CY2020Q3 stwd Management Fees
ManagementFees
23127000
CY2020Q3 us-gaap Interest Expense
InterestExpense
95981000
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
39478000
CY2020Q3 stwd Acquisition And Investment Pursuit Costs
AcquisitionAndInvestmentPursuitCosts
884000
CY2020Q3 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
29522000
CY2020Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
23581000
CY2020Q3 stwd Provision For Loan Losses Net
ProvisionForLoanLossesNet
-3587000
CY2020Q3 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
-172000
CY2020Q3 us-gaap Costs And Expenses
CostsAndExpenses
209158000
CY2020Q3 us-gaap Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
VariableInterestEntityActivityBetweenVIEAndEntityIncomeOrLossBeforeTax
58585000
CY2020Q3 stwd Fair Value Of Service Rights Gain Loss
FairValueOfServiceRightsGainLoss
634000
CY2020Q3 us-gaap Marketable Securities Unrealized Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesUnrealizedGainLossExcludingOtherThanTemporaryImpairments
-199000
CY2020Q3 stwd Gain Loss On Mortgage Loans Held For Sale
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