| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 513.67 | 0.2% | 15.6% |
| Total Income | 513.67 | 0.2% | 15.6% |
| Expenditure | 524.77 | 9.3% | 21.9% |
| PBT | 21.23 | 60.3% | 84.3% |
| Net Profit | 6.56 | 87.4% | 95.0% |
| OPM | — | ||
| NPM | 1.28% | 8.85pp | 27.94pp |
| EPS | 0.01 | 92.3% | 97.4% |
Starwood Property Trust Reports Q2 2026 Results
06 Aug 2026 · 6 Aug, 4:32 pm
Summary
Starwood Property Trust announced its operating results for the fiscal quarter ended June 30, 2026, reporting second quarter GAAP net income of $6.6 million and Distributable Earnings of $151.5 million. The company highlighted significant capital deployment, investing $2.5 billion in the quarter and $6.7 billion through July, alongside achieving record total assets of $31.8 billion. Management expressed optimism about improving real estate fundamentals and a constructive backdrop for deploying capital.
Key Highlights
- 1
Starwood Property Trust reported second quarter GAAP net income of $6.6 million.
- 2
Distributable Earnings for the second quarter was $151.5 million.
- 3
The company invested $2.5 billion in the quarter and $6.7 billion through July.
- 4
Record total assets reached $31.8 billion, with commercial lending assets at $17.3 billion.
- 5
Starwood Property Trust repurchased $30 million of common shares in the six months ended June 30, 2026.
- 6
A dividend of $0.48 per share was declared.
- 7
The company was awarded the Nareit Gold Investor CARE Award for the 10th time in 12 years.
Management Comments
Barry Sternlicht
Real estate fundamentals are improving steadily in almost every asset class, supported by a drop in construction and broad and robust economic growth. This provides a more constructive backdrop to deploy capital and improving credit in our loan portfolio. For us importantly, it provides a solid foundation to support the values of our real estate owned and underperforming loan assets. We expect to resolve nearly $900 million of underperforming assets by year end or shortly thereafter, returning the trapped equity to higher use cases across all our business lines.
Jeffrey DiModica
We have invested $6.7 billion through July, at double digit return on equity, and our $2.1 billion of corporate debt transactions in the quarter extends our weighted average corporate debt maturity to 3.7 years and lowers our cost of funds, solidifying an already strong balance sheet. This positions us well to continue deploying capital and driving growth across all our business lines.
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