2023 Q3 Form 10-Q Financial Statement

#000162828023026977 Filed on August 03, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $521.5M $739.5M
YoY Change 33.54% 127.13%
Cost Of Revenue $395.5M $394.3M
YoY Change 58.34% 114.02%
Gross Profit $143.0M $345.2M
YoY Change -44.65% -23.04%
Gross Profit Margin 27.41% 46.68%
Selling, General & Admin $58.47M $54.62M
YoY Change 1.33% -1.76%
% of Gross Profit 40.9% 15.82%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $13.57M $13.66M
YoY Change -1.58% 2.24%
% of Gross Profit 9.5% 3.96%
Operating Expenses $123.9M $189.0M
YoY Change 44.64% 143.74%
Operating Profit $19.07M $156.2M
YoY Change -88.96% -57.9%
Interest Expense $368.4M $95.28M
YoY Change 65.61% -37.57%
% of Operating Profit 1932.01% 61.01%
Other Income/Expense, Net $38.03M -$2.768M
YoY Change -68.62% -101.25%
Pretax Income $39.98M $223.6M
YoY Change -77.17% -21.25%
Income Tax -$11.40M $1.197M
% Of Pretax Income -28.51% 0.54%
Net Earnings $47.44M $166.4M
YoY Change -75.62% -21.6%
Net Earnings / Revenue 9.1% 22.51%
Basic Earnings Per Share $0.15 $0.54
Diluted Earnings Per Share $0.15 $0.54
COMMON SHARES
Basic Shares Outstanding 312.8M shares 312.1M shares
Diluted Shares Outstanding 310.6M shares 310.1M shares

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $195.3M $333.9M
YoY Change -42.5% 22.69%
Cash & Equivalents $195.3M $333.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $368.6M $523.6M
YoY Change -25.37% 29.65%
LONG-TERM ASSETS
Property, Plant & Equipment $3.385B $3.420B
YoY Change 17.26% 22.8%
Goodwill $259.8M $259.8M
YoY Change 0.0% 0.0%
Intangibles $65.99M $68.23M
YoY Change -9.72% -8.98%
Long-Term Investments $70.05M $857.8M
YoY Change 16.42% 1272.01%
Other Assets $236.0M $120.3M
YoY Change 94.09% 86.1%
Total Long-Term Assets $69.93B $72.65B
YoY Change -12.05% -12.15%
TOTAL ASSETS
Total Short-Term Assets $368.6M $523.6M
Total Long-Term Assets $69.93B $72.65B
Total Assets $70.29B $73.17B
YoY Change -12.14% -11.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $407.7M $268.1M
YoY Change -27.51% -1.95%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $284.7M $1.437B
YoY Change 6.49% 454.84%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $869.5M $1.885B
YoY Change -13.59% 164.28%
LONG-TERM LIABILITIES
Long-Term Debt $19.25B $18.81B
YoY Change 0.01% -0.87%
Other Long-Term Liabilities $43.08B $45.28B
YoY Change -18.07% -19.59%
Total Long-Term Liabilities $62.33B $64.09B
YoY Change -13.23% -14.87%
TOTAL LIABILITIES
Total Short-Term Liabilities $869.5M $1.885B
Total Long-Term Liabilities $62.33B $64.09B
Total Liabilities $63.20B $66.76B
YoY Change -13.23% -12.17%
SHAREHOLDERS EQUITY
Retained Earnings $585.8M $689.1M
YoY Change -24.82% -6.03%
Common Stock $5.859B $5.846B
YoY Change 1.32% 1.32%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.321B $6.414B
YoY Change
Total Liabilities & Shareholders Equity $70.29B $73.17B
YoY Change -12.14% -11.95%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $47.44M $166.4M
YoY Change -75.62% -21.6%
Depreciation, Depletion And Amortization $13.57M $13.66M
YoY Change -1.58% 2.24%
Cash From Operating Activities $356.4M $188.9M
YoY Change 123.45% -64.41%
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities $391.1M $539.1M
YoY Change -202.94% -128.05%
Cash From Investing Activities $391.1M $539.1M
YoY Change -202.94% -128.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -770.6M -804.8M
YoY Change -323.08% -159.41%
NET CHANGE
Cash From Operating Activities 356.4M 188.9M
Cash From Investing Activities 391.1M 539.1M
Cash From Financing Activities -770.6M -804.8M
Net Change In Cash -23.16M -76.80M
YoY Change -118.52% 112.42%
FREE CASH FLOW
Cash From Operating Activities $356.4M $188.9M
Capital Expenditures
Free Cash Flow
YoY Change

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30869000 usd
stwd Share Based Compensation And Nonemployee Services Transaction Expense
ShareBasedCompensationAndNonemployeeServicesTransactionExpense
20434000 usd
stwd Share Based Compensation And Nonemployee Services Transaction Expense
ShareBasedCompensationAndNonemployeeServicesTransactionExpense
20000000 usd
stwd Incentive Fee Compensation
IncentiveFeeCompensation
13416000 usd
stwd Incentive Fee Compensation
IncentiveFeeCompensation
40101000 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
70000 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-1600000 usd
stwd Change In Fair Value Of Consolidated Variable Interest Entity
ChangeInFairValueOfConsolidatedVariableInterestEntity
22696000 usd
stwd Change In Fair Value Of Consolidated Variable Interest Entity
ChangeInFairValueOfConsolidatedVariableInterestEntity
-36885000 usd
stwd Change In Fair Value Of Servicing Rights
ChangeInFairValueOfServicingRights
466000 usd
stwd Change In Fair Value Of Servicing Rights
ChangeInFairValueOfServicingRights
719000 usd
stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
-44441000 usd
stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
-239263000 usd
stwd Change In Fair Value Of Affordable Housing Fund Investments
ChangeInFairValueOfAffordableHousingFundInvestments
215983000 usd
stwd Change In Fair Value Of Affordable Housing Fund Investments
ChangeInFairValueOfAffordableHousingFundInvestments
518541000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-13335000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
260677000 usd
stwd Foreign Currency Transaction Gain Loss Before Tax Cash Flow Impact
ForeignCurrencyTransactionGainLossBeforeTaxCashFlowImpact
38353000 usd
stwd Foreign Currency Transaction Gain Loss Before Tax Cash Flow Impact
ForeignCurrencyTransactionGainLossBeforeTaxCashFlowImpact
-105883000 usd
stwd Gain On Sale Of Investments Cash Flow
GainOnSaleOfInvestmentsCashFlow
4870000 usd
stwd Gain On Sale Of Investments Cash Flow
GainOnSaleOfInvestmentsCashFlow
98606000 usd
stwd Lease Intangibles And Other Assets Impairment Charges
LeaseIntangiblesAndOtherAssetsImpairmentCharges
23856000 usd
stwd Lease Intangibles And Other Assets Impairment Charges
LeaseIntangiblesAndOtherAssetsImpairmentCharges
55000 usd
stwd Provision For Loan Losses Net
ProvisionForLoanLossesNet
165119000 usd
stwd Provision For Loan Losses Net
ProvisionForLoanLossesNet
4780000 usd
stwd Depreciation And Amortization Excluding Amortization Of Above Below Market Leases
DepreciationAndAmortizationExcludingAmortizationOfAboveBelowMarketLeases
27295000 usd
stwd Depreciation And Amortization Excluding Amortization Of Above Below Market Leases
DepreciationAndAmortizationExcludingAmortizationOfAboveBelowMarketLeases
26118000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
12687000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2955000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
7299000 usd
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
4632000 usd
stwd Gain Loss On Extinguishment Of Debt Including Non Cash Fees
GainLossOnExtinguishmentOfDebtIncludingNonCashFees
-1184000 usd
stwd Gain Loss On Extinguishment Of Debt Including Non Cash Fees
GainLossOnExtinguishmentOfDebtIncludingNonCashFees
-624000 usd
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
162212000 usd
us-gaap Payments For Origination Of Mortgage Loans Held For Sale
PaymentsForOriginationOfMortgageLoansHeldForSale
3491526000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
171318000 usd
us-gaap Proceeds From Sale Of Loans Held For Sale
ProceedsFromSaleOfLoansHeldForSale
3960798000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-13861000 usd
us-gaap Increase Decrease In Due To Related Parties
IncreaseDecreaseInDueToRelatedParties
-45617000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
77999000 usd
us-gaap Increase Decrease In Accrued Interest Receivable Net
IncreaseDecreaseInAccruedInterestReceivableNet
72498000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
17963000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
60627000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
-36168000 usd
us-gaap Increase Decrease In Accounts Payable And Other Operating Liabilities
IncreaseDecreaseInAccountsPayableAndOtherOperatingLiabilities
140629000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
160356000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
685243000 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
1039139000 usd
us-gaap Payments To Acquire Loans Held For Investment
PaymentsToAcquireLoansHeldForInvestment
3892225000 usd
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
1477281000 usd
us-gaap Proceeds From Loan And Lease Originations And Principal Collections1
ProceedsFromLoanAndLeaseOriginationsAndPrincipalCollections1
1204499000 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
52912000 usd
us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
6469000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1452000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
86058000 usd
stwd Proceeds From Sales And Redemptions Of Investment Securities
ProceedsFromSalesAndRedemptionsOfInvestmentSecurities
295000 usd
stwd Proceeds From Sales And Redemptions Of Investment Securities
ProceedsFromSalesAndRedemptionsOfInvestmentSecurities
0 usd
stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
51348000 usd
stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
15180000 usd
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
19037000 usd
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
147334000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
14314000 usd
us-gaap Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
11276000 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
461000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
2607000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
3375000 usd
stwd Proceeds From Initial Consolidation Of Entities
ProceedsFromInitialConsolidationOfEntities
123000 usd
stwd Proceeds From Initial Consolidation Of Entities
ProceedsFromInitialConsolidationOfEntities
617000 usd
stwd Payments For Purchase Or Termination Of Derivatives
PaymentsForPurchaseOrTerminationOfDerivatives
9397000 usd
stwd Percentage Of Annual Reit Taxable Income Distributable To Stockholders Minimum
PercentageOfAnnualREITTaxableIncomeDistributableToStockholdersMinimum
0.90
stwd Payments For Purchase Or Termination Of Derivatives
PaymentsForPurchaseOrTerminationOfDerivatives
16308000 usd
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
12781000 usd
us-gaap Proceeds From Derivative Instrument Investing Activities
ProceedsFromDerivativeInstrumentInvestingActivities
152360000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
552082000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2476494000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2342276000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
10035448000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2700729000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
7683627000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
5093000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
33885000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1897000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
33856000 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 usd
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
756000 usd
stwd Repayments Of Debt Of Consolidated Variable Interest Entities
RepaymentsOfDebtOfConsolidatedVariableInterestEntities
216000 usd
stwd Repayments Of Debt Of Consolidated Variable Interest Entities
RepaymentsOfDebtOfConsolidatedVariableInterestEntities
290034000 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
40447000 usd
us-gaap Proceeds From Contributions From Affiliates
ProceedsFromContributionsFromAffiliates
42753000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-640528000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1807218000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
71910000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
15967000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
321914000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
169000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1075000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
454212000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
336806000 usd
us-gaap Interest Paid Net
InterestPaidNet
662047000 usd
us-gaap Interest Paid Net
InterestPaidNet
227051000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1873000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-8220000 usd
stwd Dividendspayablecurrentandnoncurrentdividendsdeclaredduringperiod
Dividendspayablecurrentandnoncurrentdividendsdeclaredduringperiod
152892000 usd
stwd Dividendspayablecurrentandnoncurrentdividendsdeclaredduringperiod
Dividendspayablecurrentandnoncurrentdividendsdeclaredduringperiod
150556000 usd
stwd Variable Interest Entity Consolidation In Non Cash Investing And Financing Activities
VariableInterestEntityConsolidationInNonCashInvestingAndFinancingActivities
0 usd
stwd Variable Interest Entity Consolidation In Non Cash Investing And Financing Activities
VariableInterestEntityConsolidationInNonCashInvestingAndFinancingActivities
4361325000 usd
stwd Variable Interest Entity Deconsolidation In Non Cash Investing And Financing Activities
VariableInterestEntityDeconsolidationInNonCashInvestingAndFinancingActivities
0 usd
stwd Variable Interest Entity Deconsolidation In Non Cash Investing And Financing Activities
VariableInterestEntityDeconsolidationInNonCashInvestingAndFinancingActivities
730012000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
40897000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1
145330000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
74000 usd
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
NoncashOrPartNoncashAcquisitionValueOfLiabilitiesAssumed1
95796000 usd
stwd Loan Principal Collections Temporarily Held At Master Servicer
LoanPrincipalCollectionsTemporarilyHeldAtMasterServicer
158125000 usd
stwd Loan Principal Collections Temporarily Held At Master Servicer
LoanPrincipalCollectionsTemporarilyHeldAtMasterServicer
14053000 usd
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
41392000 usd
us-gaap Transfer Of Portfolio Loans And Leases To Held For Sale1
TransferOfPortfolioLoansAndLeasesToHeldForSale1
63962000 usd
us-gaap Nature Of Operations
NatureOfOperations
Business and Organization<div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 the United States (“U.S.”), Europe and Australia. 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.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have four reportable business segments as of June 30, 2023 and we refer to the investments within these segments as our target assets:</span></div><div style="margin-top:12pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">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 the U.S., Europe and Australia (including distressed or non-performing loans). Our residential loans are secured by a first mortgage lien on residential property and primarily consist of non-agency residential loans that are not guaranteed by any U.S. Government agency or federally chartered corporation.</span></div><div style="margin-top:12pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">Infrastructure lending (the “Infrastructure Lending Segment”)—engages primarily in originating, acquiring, financing and managing infrastructure debt investments.</span></div><div style="margin-top:12pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">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></div><div style="margin-top:12pt;padding-left:54pt;text-indent:-18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">•</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%;padding-left:14.5pt">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></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our segments exclude the consolidation of securitization variable interest entities (“VIEs”).</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 Global L.P., a privately-held private equity firm founded by Mr. Sternlicht.</span></div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
4 segment
CY2023Q2 stwd Reo Assets As Percent Of Consolidated Vie Assets
ReoAssetsAsPercentOfConsolidatedVieAssets
0.01
CY2023Q2 stwd Loans As Percent Of Consolidated Vie Assets
LoansAsPercentOfConsolidatedVieAssets
0.99
CY2023Q2 stwd Permitted Reinvestment Under Static Investment In Variable Interest Entity
PermittedReinvestmentUnderStaticInvestmentInVariableInterestEntity
0 usd
CY2021Q4 stwd Number Of Properties In Portfolio Investment
NumberOfPropertiesInPortfolioInvestment
59 property
CY2021Q4 stwd Number Of Units In Portfolio Investment
NumberOfUnitsInPortfolioInvestment
15057 unit
us-gaap Use Of Estimates
UseOfEstimates
<div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span><span style="font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"></span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 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. Amounts ultimately realized from our investments may vary significantly from the fair values presented.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe the estimates and assumptions underlying our consolidated financial statements are reasonable and supportable based on the information available as of June 30, 2023. Actual results may ultimately differ from those estimates.</span></div>
CY2023Q2 stwd Mortgage Loans On Real Estate Gross Carrying Amount Of Mortgages
MortgageLoansOnRealEstateGrossCarryingAmountOfMortgages
20724338000 usd
CY2023Q2 stwd Mortgage Loans On Real Estate Principal Amount Of Mortgages
MortgageLoansOnRealEstatePrincipalAmountOfMortgages
21220052000 usd
CY2023Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
20487534000 usd
CY2022Q4 stwd Mortgage Loans On Real Estate Gross Carrying Amount Of Mortgages
MortgageLoansOnRealEstateGrossCarryingAmountOfMortgages
21285446000 usd
CY2022Q4 stwd Mortgage Loans On Real Estate Principal Amount Of Mortgages
MortgageLoansOnRealEstatePrincipalAmountOfMortgages
21734785000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
21186033000 usd
CY2023Q2 us-gaap Loans Receivable With Variable Rates Of Interest1
LoansReceivableWithVariableRatesOfInterest1
17224854000 usd
CY2023Q2 us-gaap Loans Receivable Basis Spread On Variable Rate
LoansReceivableBasisSpreadOnVariableRate
0.040
CY2023Q2 stwd Mortgage Loans On Real Estate Gross Carrying Amount Of Mortgages
MortgageLoansOnRealEstateGrossCarryingAmountOfMortgages
20724338000 usd
CY2023Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
236804000 usd
CY2022Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
21186033000 usd
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
1288589000 usd
stwd Mortgage Loans On Real Estate Capitalized Interest
MortgageLoansOnRealEstateCapitalizedInterest
57946000 usd
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
224318000 usd
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1719628000 usd
stwd Mortgage Loans On Real Estate Discount Accretion And Premium Amortization
MortgageLoansOnRealEstateDiscountAccretionAndPremiumAmortization
32212000 usd
stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
-44441000 usd
stwd Mortgage Loans On Real Estate Unrealized Foreign Currency Remeasurement Gain Loss
MortgageLoansOnRealEstateUnrealizedForeignCurrencyRemeasurementGainLoss
-104910000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
152053000 usd
stwd Mortgage Loans On Real Estate Loan Foreclosure And Converted To Equity Control Interest During Period
MortgageLoansOnRealEstateLoanForeclosureAndConvertedToEquityControlInterestDuringPeriod
41716000 usd
stwd Mortgage Loans On Real Estate Transfers
MortgageLoansOnRealEstateTransfers
0 usd
CY2023Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
20487534000 usd
CY2021Q4 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
18413649000 usd
us-gaap Mortgage Loans On Real Estate New Mortgage Loans
MortgageLoansOnRealEstateNewMortgageLoans
7499295000 usd
stwd Mortgage Loans On Real Estate Capitalized Interest
MortgageLoansOnRealEstateCapitalizedInterest
54803000 usd
us-gaap Mortgage Loans On Real Estate Cost Of Mortgages Sold
MortgageLoansOnRealEstateCostOfMortgagesSold
3967128000 usd
srt Mortgage Loans On Real Estate Collections Of Principal
MortgageLoansOnRealEstateCollectionsOfPrincipal
1297513000 usd
stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
-239263000 usd
us-gaap Provision For Loan Losses Expensed
ProvisionForLoanLossesExpensed
10179000 usd
stwd Mortgage Loans On Real Estate Loan Foreclosure And Converted To Equity Control Interest During Period
MortgageLoansOnRealEstateLoanForeclosureAndConvertedToEquityControlInterestDuringPeriod
50151000 usd
stwd Mortgage Loans On Real Estate Transfers
MortgageLoansOnRealEstateTransfers
0 usd
CY2022Q2 us-gaap Mortgage Loans On Real Estate
MortgageLoansOnRealEstate
20132436000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
3182000 usd
CY2022Q4 stwd Investments Excluding Unconsolidated Entities
InvestmentsExcludingUnconsolidatedEntities
815804000 usd
CY2023Q2 stwd Purchase Of Marketable Securities
PurchaseOfMarketableSecurities
861000 usd
CY2023Q2 stwd Sales And Redemption Of Marketable Securities
SalesAndRedemptionOfMarketableSecurities
295000 usd
CY2023Q2 stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
10570000 usd
CY2022Q2 stwd Purchase Of Marketable Securities
PurchaseOfMarketableSecurities
67919000 usd
CY2022Q2 stwd Sales And Redemption Of Marketable Securities
SalesAndRedemptionOfMarketableSecurities
0 usd
CY2022Q2 stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
7396000 usd
stwd Purchase Of Marketable Securities
PurchaseOfMarketableSecurities
1452000 usd
stwd Sales And Redemption Of Marketable Securities
SalesAndRedemptionOfMarketableSecurities
295000 usd
stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
51348000 usd
stwd Purchase Of Marketable Securities
PurchaseOfMarketableSecurities
86058000 usd
stwd Sales And Redemption Of Marketable Securities
SalesAndRedemptionOfMarketableSecurities
0 usd
stwd Proceeds From Principal Collections On Investment Securities
ProceedsFromPrincipalCollectionsOnInvestmentSecurities
15180000 usd
CY2023Q2 stwd Available For Sale Securities Amortized Cost Before Other Than Temporary Impairment
AvailableForSaleSecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
89861000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
89861000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
19728000 usd
CY2023Q2 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
2373000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
17355000 usd
CY2023Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
107216000 usd
CY2022Q4 stwd Available For Sale Securities Amortized Cost Before Other Than Temporary Impairment
AvailableForSaleSecuritiesAmortizedCostBeforeOtherThanTemporaryImpairment
92431000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Allowance For Credit Loss
DebtSecuritiesAvailableForSaleAllowanceForCreditLoss
0 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Amortized Cost Basis
AvailableForSaleDebtSecuritiesAmortizedCostBasis
92431000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Gain Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedGainBeforeTax
21765000 usd
CY2022Q4 us-gaap Available For Sale Debt Securities Accumulated Gross Unrealized Loss Before Tax
AvailableForSaleDebtSecuritiesAccumulatedGrossUnrealizedLossBeforeTax
810000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
20955000 usd
CY2022Q4 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
113386000 usd
stwd Debt Securities Available For Sale Cost Of Third Party Management
DebtSecuritiesAvailableForSaleCostOfThirdPartyManagement
500000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
14219000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
3223000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
1596000 usd
CY2023Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
777000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
6961000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
1889000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
502000 usd
CY2022Q4 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
308000 usd
CY2022Q4 stwd Number Of Securities With Unrealized Losses
NumberOfSecuritiesWithUnrealizedLosses
10 security
CY2023Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
638881000 usd
CY2023Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
10620000 usd
CY2023Q2 stwd Debt Securities Held To Maturity Net
DebtSecuritiesHeldToMaturityNet
628261000 usd
CY2023Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
276000 usd
CY2023Q2 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
35480000 usd
CY2023Q2 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
593057000 usd
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
676652000 usd
CY2022Q4 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
3182000 usd
CY2022Q4 stwd Debt Securities Held To Maturity Net
DebtSecuritiesHeldToMaturityNet
673470000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Gain
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingGain
202000 usd
CY2022Q4 us-gaap Held To Maturity Securities Accumulated Unrecognized Holding Loss
HeldToMaturitySecuritiesAccumulatedUnrecognizedHoldingLoss
36397000 usd
CY2022Q4 us-gaap Held To Maturity Securities Fair Value
HeldToMaturitySecuritiesFairValue
637275000 usd
us-gaap Debt Securities Held To Maturity Allowance For Credit Loss Purchased With Credit Deterioration Increase
DebtSecuritiesHeldToMaturityAllowanceForCreditLossPurchasedWithCreditDeteriorationIncrease
7438000 usd
CY2023Q2 us-gaap Debt Securities Held To Maturity Allowance For Credit Loss
DebtSecuritiesHeldToMaturityAllowanceForCreditLoss
10620000 usd
CY2023Q2 us-gaap Held To Maturity Securities Debt Maturities Within One Year Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesWithinOneYearNetCarryingAmount
127918000 usd
CY2023Q2 stwd Held To Maturity Securities Debt Maturities After One Through Three Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterOneThroughThreeYearsNetCarryingAmount
434506000 usd
CY2023Q2 stwd Debt Securities Held To Maturity Amortized Cost Maturity Allocated And Single Maturity Date After Year Three Through Year Five
DebtSecuritiesHeldToMaturityAmortizedCostMaturityAllocatedAndSingleMaturityDateAfterYearThreeThroughYearFive
56723000 usd
CY2023Q2 stwd Held To Maturity Securities Debt Maturities After Five Years Net Carrying Amount
HeldToMaturitySecuritiesDebtMaturitiesAfterFiveYearsNetCarryingAmount
9114000 usd
CY2023Q2 us-gaap Held To Maturity Securities Debt Maturities Single Maturity Date Amortized Cost Basis
HeldToMaturitySecuritiesDebtMaturitiesSingleMaturityDateAmortizedCostBasis
628261000 usd
CY2023Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1669200000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
1659495000 usd
CY2023Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
226437000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
209509000 usd
CY2023Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1442763000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
1449986000 usd
us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
23800000 usd
CY2023Q2 us-gaap Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
23800000 usd
CY2023Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
214823000 usd
CY2022Q2 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
294690000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
215983000 usd
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
518541000 usd
CY2023Q2 us-gaap Equity Method Investments
EquityMethodInvestments
71781000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
68901000 usd
CY2023Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
21870000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
22991000 usd
CY2023Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
93651000 usd
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
91892000 usd
CY2023Q2 stwd Number Of Publicly Traded Investments
NumberOfPubliclyTradedInvestments
0 item
CY2023Q2 us-gaap Equity Method Investment Difference Between Carrying Amount And Underlying Equity
EquityMethodInvestmentDifferenceBetweenCarryingAmountAndUnderlyingEquity
0 usd
CY2023Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
145304000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
77072000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
68232000 usd
CY2022Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
143061000 usd
CY2022Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
74288000 usd
CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
68773000 usd
us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
4341000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4497000 usd
stwd Intangible Assets Sold
IntangibleAssetsSold
-851000 usd
CY2021Q3 stwd Debt Instrument Face Amount Purchased By Third Party Investors
DebtInstrumentFaceAmountPurchasedByThirdPartyInvestors
210100000 usd
CY2023Q2 us-gaap Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
685 contract
CY2023Q2 us-gaap Derivative Assets
DerivativeAssets
79009000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
108621000 usd
CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
97483000 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
91404000 usd
CY2023Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
56376000 usd
CY2022Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
128583000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
23548000 usd
us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
255851000 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
79009000 usd
CY2023Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2023Q2 us-gaap Derivative Assets
DerivativeAssets
79009000 usd
CY2023Q2 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
55904000 usd
CY2023Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
23105000 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
97483000 usd
CY2023Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2023Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
97483000 usd
CY2023Q2 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
55904000 usd
CY2023Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
41579000 usd
CY2023Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
10906138000 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
0 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
10906138000 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
10906138000 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
0 usd
CY2023Q2 us-gaap Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral
SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
0 usd
CY2023Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
11003621000 usd
CY2023Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 usd
CY2023Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
11003621000 usd
CY2023Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
10962042000 usd
CY2023Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
41579000 usd
CY2023Q2 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
108621000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
108621000 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
69221000 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
39400000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
91404000 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
91404000 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
69221000 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
22183000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Gross
SecuritiesSoldUnderAgreementsToRepurchaseGross
10799120000 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Asset
SecuritiesSoldUnderAgreementsToRepurchaseAsset
0 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase
SecuritiesSoldUnderAgreementsToRepurchase
10799120000 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Securities
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimSecurities
10799120000 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Collateral Right To Reclaim Cash
SecuritiesSoldUnderAgreementsToRepurchaseCollateralRightToReclaimCash
0 usd
CY2022Q4 us-gaap Securities Sold Under Agreements To Repurchase Amount Offset Against Collateral
SecuritiesSoldUnderAgreementsToRepurchaseAmountOffsetAgainstCollateral
0 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Gross
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedGross
10890524000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Asset
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAsset
0 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoaned
10890524000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Securities
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimSecurities
10868341000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Collateral Right To Reclaim Cash
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedCollateralRightToReclaimCash
22183000 usd
CY2022Q4 us-gaap Derivative Liability Securities Sold Under Agreements To Resell Securities Loaned Amount Offset Against Collateral
DerivativeLiabilitySecuritiesSoldUnderAgreementsToResellSecuritiesLoanedAmountOffsetAgainstCollateral
0 usd
stwd Number Of Collateralized Loan Obligations
NumberOfCollateralizedLoanObligations
5 collateralized_loan_obligation
stwd Number Of Single Asset Single Borrower Loans
NumberOfSingleAssetSingleBorrowerLoans
1 loan
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.48
CY2023Q2 us-gaap Dilutive Securities
DilutiveSecurities
770000 usd
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
4338847 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
20.65
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
863888 shares
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
18.91
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriod
1196421 shares
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
18.26
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
162857 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue
22.79
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
3843457 shares
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
20.91
CY2023Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
45700000 usd
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
47900000 usd
CY2022Q2 us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
62800000 usd
us-gaap Temporary Equity Net Income
TemporaryEquityNetIncome
110500000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
168843000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
212287000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
220817000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
536886000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2411000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3990000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3452000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
12811000 usd
CY2023Q2 stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
166432000 usd
CY2022Q2 stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
208297000 usd
stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
217365000 usd
stwd Income Loss From Continuing Operations Basic
IncomeLossFromContinuingOperationsBasic
524075000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
168843000 usd
CY2022Q2 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
212287000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
220817000 usd
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
536886000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2411000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3990000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
3452000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
12811000 usd
CY2022Q2 us-gaap Dilutive Securities
DilutiveSecurities
2584000 usd
us-gaap Dilutive Securities
DilutiveSecurities
0 usd
us-gaap Dilutive Securities
DilutiveSecurities
9879000 usd
CY2023Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-769000 usd
CY2022Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-2506000 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
0 usd
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
-9579000 usd
CY2023Q2 stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
166433000 usd
CY2022Q2 stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
211290000 usd
stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
217365000 usd
stwd Income Loss From Continuing Operations Diluted
IncomeLossFromContinuingOperationsDiluted
530193000 usd
CY2023Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
309721000 shares
CY2022Q2 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
305035000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
309067000 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
303995000 shares
CY2023Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
99000 shares
CY2022Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
120000 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
99000 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
120000 shares
CY2023Q2 stwd Incremental Common Shares Attributable To Non Participating Nonvested Shares
IncrementalCommonSharesAttributableToNonParticipatingNonvestedShares
235000 shares
CY2022Q2 stwd Incremental Common Shares Attributable To Non Participating Nonvested Shares
IncrementalCommonSharesAttributableToNonParticipatingNonvestedShares
158000 shares
stwd Incremental Common Shares Attributable To Non Participating Nonvested Shares
IncrementalCommonSharesAttributableToNonParticipatingNonvestedShares
247000 shares
stwd Incremental Common Shares Attributable To Non Participating Nonvested Shares
IncrementalCommonSharesAttributableToNonParticipatingNonvestedShares
144000 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
310055000 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
314962000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
309413000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
313908000 shares
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.54
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.70
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.72
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.54
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.70
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.69
CY2023Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
46951000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2022Q2 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
59622000 usd
CY2022Q2 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
57654000 usd
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
139813000 usd
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2023Q2 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
46049000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.205
CY2022Q2 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
58233000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.206
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
63776000 usd
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.233
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
137431000 usd
us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
0.206
CY2023Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
296000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001
CY2022Q2 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
456000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.002
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2012000 usd
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.007
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
782000 usd
us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.001
CY2023Q2 stwd Income Tax Reconciliation Federal Benefit Of State Tax Deduction
IncomeTaxReconciliationFederalBenefitOfStateTaxDeduction
-63000 usd
CY2023Q2 stwd Effective Income Tax Rate Reconciliation Deduction Federal Benefit Of State Tax Percent
EffectiveIncomeTaxRateReconciliationDeductionFederalBenefitOfStateTaxPercent
0
CY2022Q2 stwd Income Tax Reconciliation Federal Benefit Of State Tax Deduction
IncomeTaxReconciliationFederalBenefitOfStateTaxDeduction
-95000 usd
CY2022Q2 stwd Effective Income Tax Rate Reconciliation Deduction Federal Benefit Of State Tax Percent
EffectiveIncomeTaxRateReconciliationDeductionFederalBenefitOfStateTaxPercent
0
stwd Income Tax Reconciliation Federal Benefit Of State Tax Deduction
IncomeTaxReconciliationFederalBenefitOfStateTaxDeduction
422000 usd
stwd Effective Income Tax Rate Reconciliation Deduction Federal Benefit Of State Tax Percent
EffectiveIncomeTaxRateReconciliationDeductionFederalBenefitOfStateTaxPercent
0.002
stwd Income Tax Reconciliation Federal Benefit Of State Tax Deduction
IncomeTaxReconciliationFederalBenefitOfStateTaxDeduction
-164000 usd
stwd Effective Income Tax Rate Reconciliation Deduction Federal Benefit Of State Tax Percent
EffectiveIncomeTaxRateReconciliationDeductionFederalBenefitOfStateTaxPercent
0
CY2023Q2 stwd Income Tax Reconciliation Intra Entity Transfer
IncomeTaxReconciliationIntraEntityTransfer
0 usd
CY2023Q2 stwd Effective Income Tax Rate Reconciliation Intra Entity Transfer
EffectiveIncomeTaxRateReconciliationIntraEntityTransfer
0
CY2022Q2 stwd Income Tax Reconciliation Intra Entity Transfer
IncomeTaxReconciliationIntraEntityTransfer
0 usd
CY2022Q2 stwd Effective Income Tax Rate Reconciliation Intra Entity Transfer
EffectiveIncomeTaxRateReconciliationIntraEntityTransfer
0
stwd Income Tax Reconciliation Intra Entity Transfer
IncomeTaxReconciliationIntraEntityTransfer
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stwd Effective Income Tax Rate Reconciliation Intra Entity Transfer
EffectiveIncomeTaxRateReconciliationIntraEntityTransfer
0
stwd Income Tax Reconciliation Intra Entity Transfer
IncomeTaxReconciliationIntraEntityTransfer
3868000 usd
stwd Effective Income Tax Rate Reconciliation Intra Entity Transfer
EffectiveIncomeTaxRateReconciliationIntraEntityTransfer
0.006
CY2023Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
62000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2022Q2 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
456000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.002
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
114000 usd
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0
us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
624000 usd
us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.001
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1197000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.005
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2206000 usd
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.008
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7598000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
-0.028
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-244000 usd
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
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CY2023Q2 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
455849000 usd
CY2023Q2 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
18919000 usd
CY2023Q2 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
6342000 usd
CY2023Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
32307000 usd
CY2023Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
2252000 usd
CY2023Q2 us-gaap Revenues
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515669000 usd
CY2023Q2 stwd Management Fees
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30978000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
363332000 usd
CY2023Q2 us-gaap General And Administrative Expense
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43156000 usd
CY2023Q2 stwd Acquisition And Investment Pursuit Costs
AcquisitionAndInvestmentPursuitCosts
145000 usd
CY2023Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
11467000 usd
CY2023Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
12323000 usd
CY2023Q2 stwd Provision For Loan Losses Net
ProvisionForLoanLossesNet
121925000 usd
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CY2023Q2 us-gaap Costs And Expenses
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583452000 usd
CY2023Q2 us-gaap Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
VariableInterestEntityActivityBetweenVIEAndEntityIncomeOrLossBeforeTax
54123000 usd
CY2023Q2 stwd Fair Value Of Service Rights Gain Loss
FairValueOfServiceRightsGainLoss
162000 usd
CY2023Q2 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
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CY2023Q2 stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
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CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
9962000 usd
CY2023Q2 stwd Gain Loss On Sale Of Investments Net
GainLossOnSaleOfInvestmentsNet
4680000 usd
CY2023Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
56376000 usd
CY2023Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
23334000 usd
CY2023Q2 us-gaap Gains Losses On Extinguishment Of Debt
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CY2023Q2 us-gaap Other Nonoperating Income Expense
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CY2023Q2 us-gaap Nonoperating Income Expense
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291359000 usd
CY2023Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
223576000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1197000 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
222379000 usd
CY2023Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
53536000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
168843000 usd
CY2022Q2 us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
261150000 usd
CY2022Q2 us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
15306000 usd
CY2022Q2 us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
12553000 usd
CY2022Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
31524000 usd
CY2022Q2 us-gaap Noninterest Income Other Operating Income
NoninterestIncomeOtherOperatingIncome
5053000 usd
CY2022Q2 us-gaap Revenues
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325586000 usd
CY2022Q2 stwd Management Fees
ManagementFees
31624000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
152618000 usd
CY2022Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
45005000 usd
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AcquisitionAndInvestmentPursuitCosts
517000 usd
CY2022Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
10598000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
12240000 usd
CY2022Q2 stwd Provision For Loan Losses Net
ProvisionForLoanLossesNet
8438000 usd
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CY2022Q2 us-gaap Costs And Expenses
CostsAndExpenses
262298000 usd
CY2022Q2 us-gaap Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
VariableInterestEntityActivityBetweenVIEAndEntityIncomeOrLossBeforeTax
8373000 usd
CY2022Q2 stwd Fair Value Of Service Rights Gain Loss
FairValueOfServiceRightsGainLoss
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CY2022Q2 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
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CY2022Q2 stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
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CY2022Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3865000 usd
CY2022Q2 stwd Gain Loss On Sale Of Investments Net
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138000 usd
CY2022Q2 us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
128583000 usd
CY2022Q2 us-gaap Foreign Currency Transaction Gain Loss Before Tax
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CY2022Q2 us-gaap Other Nonoperating Income Expense
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CY2022Q2 us-gaap Nonoperating Income Expense
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
283911000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2206000 usd
CY2022Q2 us-gaap Profit Loss
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281705000 usd
CY2022Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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CY2022Q2 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
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us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
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us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
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us-gaap Operating Lease Lease Income
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us-gaap Revenues
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stwd Management Fees
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us-gaap Interest Expense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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us-gaap Depreciation And Amortization
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stwd Provision For Loan Losses Net
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us-gaap Costs And Expenses
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us-gaap Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
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stwd Fair Value Of Service Rights Gain Loss
FairValueOfServiceRightsGainLoss
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us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
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stwd Gain Loss On Mortgage Loans Held For Sale
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
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stwd Gain Loss On Sale Of Investments Net
GainLossOnSaleOfInvestmentsNet
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us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
23548000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Other Nonoperating Income Expense
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us-gaap Nonoperating Income Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Profit Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Interest And Fee Income Loans Commercial
InterestAndFeeIncomeLoansCommercial
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us-gaap Interest Income Securities Mortgage Backed
InterestIncomeSecuritiesMortgageBacked
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us-gaap Fees And Commissions Mortgage Banking And Servicing
FeesAndCommissionsMortgageBankingAndServicing
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us-gaap Revenues
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us-gaap Interest Expense
InterestExpense
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us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
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us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
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us-gaap Depreciation And Amortization
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us-gaap Costs And Expenses
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us-gaap Variable Interest Entity Activity Between Vie And Entity Income Or Loss Before Tax
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stwd Fair Value Of Service Rights Gain Loss
FairValueOfServiceRightsGainLoss
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us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
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stwd Gain Loss On Mortgage Loans Held For Sale
GainLossOnMortgageLoansHeldForSale
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us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2955000 usd
stwd Gain Loss On Sale Of Investments Net
GainLossOnSaleOfInvestmentsNet
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us-gaap Gain Loss On Derivative Instruments Net Pretax
GainLossOnDerivativeInstrumentsNetPretax
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us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Nonoperating Income Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
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us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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us-gaap Profit Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss
NetIncomeLoss
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CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
333929000 usd
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
120283000 usd
CY2023Q2 us-gaap Notes Receivable Net
NotesReceivableNet
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CY2023Q2 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
LoansReceivableHeldForSaleNetNotPartOfDisposalGroup
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CY2023Q2 stwd Investments Excluding Unconsolidated Entities
InvestmentsExcludingUnconsolidatedEntities
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CY2023Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
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InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
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CY2023Q2 us-gaap Goodwill
Goodwill
259846000 usd
CY2023Q2 us-gaap Intangible Assets Net Excluding Goodwill
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CY2023Q2 us-gaap Derivative Assets
DerivativeAssets
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CY2023Q2 us-gaap Interest Receivable
InterestReceivable
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VariableInterestEntityAssets
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CY2023Q2 us-gaap Assets
Assets
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CY2023Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
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DerivativeLiabilities
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CY2023Q2 us-gaap Secured Debt
SecuredDebt
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CY2023Q2 us-gaap Collateralized Financings
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CY2023Q2 stwd Variable Interest Entity Liabilities
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CY2023Q2 us-gaap Liabilities
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CY2023Q2 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2023Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
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CY2023Q2 us-gaap Treasury Stock Common Value
TreasuryStockCommonValue
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CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2023Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2023Q2 us-gaap Minority Interest
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CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2023Q2 us-gaap Liabilities And Stockholders Equity
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CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
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CY2022Q4 us-gaap Notes Receivable Net
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CY2022Q4 us-gaap Loans Receivable Held For Sale Net Not Part Of Disposal Group
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CY2022Q4 stwd Investments Excluding Unconsolidated Entities
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CY2022Q4 us-gaap Real Estate Investment Property Net
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CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2022Q4 us-gaap Goodwill
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CY2022Q4 us-gaap Intangible Assets Net Excluding Goodwill
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CY2022Q4 us-gaap Derivative Assets
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CY2022Q4 us-gaap Interest Receivable
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CY2022Q4 us-gaap Other Assets
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CY2022Q4 stwd Variable Interest Entity Assets
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CY2022Q4 us-gaap Assets
Assets
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CY2022Q4 us-gaap Dividends Payable Current And Noncurrent
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CY2022Q4 us-gaap Derivative Liabilities
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CY2022Q4 us-gaap Secured Debt
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CY2022Q4 us-gaap Collateralized Financings
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CY2022Q4 us-gaap Unsecured Debt
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CY2022Q4 stwd Variable Interest Entity Liabilities
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CY2022Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
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CY2022Q4 us-gaap Common Stock Value
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CY2022Q4 us-gaap Additional Paid In Capital Common Stock
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CY2022Q4 us-gaap Treasury Stock Common Value
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CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2022Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2022Q4 us-gaap Stockholders Equity
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CY2022Q4 us-gaap Minority Interest
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CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2022Q4 us-gaap Liabilities And Stockholders Equity
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CY2023Q2 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2023Q2 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2023Q2 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

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