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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:    
Interest income from loans $ 463,492 $ 430,908
Interest income from investment securities 18,206 18,637
Servicing fees 9,689 7,256
Rental income 28,847 32,289
Other revenues 2,854 1,324
Total revenues 523,088 490,414 Close
Costs and expenses:    
Management fees 46,014 39,540
Interest expense 355,956 335,301
General and administrative 50,663 42,108
Costs of rental operations 10,344 11,666
Depreciation and amortization 9,818 12,416
Credit loss provision, net 35,839 43,194
Other expense 674 1,117
Total costs and expenses 509,308 485,342 Close
Other income (loss):    
Change in net assets related to consolidated VIEs 10,086 41,138
Change in fair value of servicing rights 228 304
Change in fair value of investment securities, net 915 82
Change in fair value of mortgage loans, net (29,013) 8,901
Earnings from unconsolidated entities 7,675 2,725
Gain on sale of investments and other assets, net 91,962 190
Gain (loss) on derivative financial instruments, net 101,939 (32,828)
Foreign currency (loss) gain, net (41,870) 15,019
Loss on extinguishment of debt (1,454) (61)
Other loss, net (2,630) (2,541)
Total other income (loss) 147,286 45,894 Close
Income (loss) before income taxes 161,066 50,966 Close
Income tax (provision) benefit (1,206) 8,795 Close
Net income (loss) 159,860 59,761 Close
Net income attributable to non-controlling interests (5,528) (7,787)
Net income (loss) attributable to Starwood Property Trust, Inc. $ 154,332 $ 51,974
Earnings per share data attributable to Starwood Property Trust, Inc.:    
Basic (in dollars per share) $ 0.49 $ 0.16
Diluted (in dollars per share) $ 0.48 $ 0.16
Primary Beneficiary    
Other income (loss):    
Income from affordable housing fund investments $ 9,448 $ 12,965