v3.24.1.u1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Assets:    
Cash and cash equivalents $ 327,363 $ 194,660
Restricted cash 125,341 117,312
Loans held-for-investment, net of credit loss allowances of $331,646 and $309,039 16,606,862 17,574,249
Loans held-for-sale ($2,642,219 and $2,645,637 held at fair value) 2,689,368 2,645,637
Investment securities, net of credit loss allowances of $17,589 and $13,143 ($127,070 and $129,308 held at fair value) 716,073 735,562
Properties, net 1,044,565 1,046,384
Properties held-for-sale 0 290,937
Investments in unconsolidated entities 96,927 90,376
Goodwill 259,846 259,846
Intangible assets ($19,612 and $19,384 held at fair value) 63,267 64,967
Derivative assets 82,916 63,437
Accrued interest receivable 194,498 200,867
Other assets 319,853 420,773
Variable interest entity (“VIE”) assets, at fair value 41,633,853 43,786,356
Total Assets 66,169,669 69,504,196
Liabilities:    
Dividends payable 153,174 152,888
Derivative liabilities 74,647 102,467
Secured financing agreements, net 12,556,487 13,867,996
Collateralized loan obligations and single asset securitization, net 3,223,867 3,491,292
Unsecured senior notes, net 2,751,666 2,158,888
Debt related to properties held for sale 0 193,691
VIE liabilities, at fair value 40,065,423 42,175,734
Total Liabilities 59,129,488 62,481,214
Commitments and contingencies (Note 22)
Temporary Equity: Redeemable non-controlling interests 415,485 414,348
Starwood Property Trust, Inc. Stockholders’ Equity:    
Preferred stock, $0.01 per share, 100,000,000 shares authorized, no shares issued and outstanding 0 0
Common stock, $0.01 per share, 500,000,000 shares authorized, 323,405,456 issued and 315,956,765 outstanding as of March 31, 2024 and 320,814,765 issued and 313,366,074 outstanding as of December 31, 2023 3,234 3,208
Additional paid-in capital 5,885,852 5,864,670
Treasury stock (7,448,691 shares) (138,022) (138,022)
Retained earnings 507,622 505,881
Accumulated other comprehensive income 14,061 15,352
Total Starwood Property Trust, Inc. Stockholders’ Equity 6,272,747 6,251,089
Non-controlling interests in consolidated subsidiaries 351,949 357,545
Total Permanent Equity 6,624,696 6,608,634
Total Liabilities and Equity 66,169,669 69,504,196
Nonrelated Party    
Liabilities:    
Accounts payable, accrued expenses and other liabilities 259,998 293,442
Related Party    
Liabilities:    
Accounts payable, accrued expenses and other liabilities 44,226 44,816
Primary Beneficiary    
Assets:    
Investments of consolidated affordable housing fund, at fair value 2,008,937 $ 2,012,833
Total Assets 48,000  
Liabilities:    
Total Liabilities $ 10,200