Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	4 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010
Net interest margin:
Interest income from mortgage-backed securities	$ 4,468	$ 25,618	$ 21,981
Interest income from loans	2,459	179,355	71,543
Interest expense	(1,904)	(28,782)	(15,788)
Net interest margin	5,023	176,191	77,736
Expenses:
Management fees (including $13,493, $7,420 and $2,393 for the years ended December 31, 2011, 2010, and the period from inception to December 31, 2009 of non-cash stock-based compensation, respectively)	7,471	38,899	22,775
Acquisition and investment pursuit costs	66	2,571	378
General and administrative (including $250, $102 and $28 of non-cash stock-based compensation, respectively)	1,749	9,450	6,899
Total operating expenses	9,286	50,920	30,052
Income (loss) before other income (expense) and income taxes	(4,263)	125,271	47,684
Interest income from cash balances	1,683	389	1,268
Other income		2,686	135
Other-than temporary impairment ("OTTI"), net of $1,310 recognized in other comprehensive income (loss) in 2011		(6,001)
Net gains on sales of investments		20,994	11,629
Net realized foreign currency (losses) gains		(902)	57
Net gains (losses) on currency hedges		4,491	(7,500)
Net losses on interest rate hedges		(27,130)	(55)
Net gains on credit spread hedges		2,358
Unrealized gains on loans held for sale at fair value		5,760
Unrealized foreign currency remeasurement (losses) gains		(6,518)	6,050
Income (loss) before income taxes	(2,580)	121,398	59,268
Income tax provision		(790)	(426)
Net Income (Loss)	(2,580)	120,608	58,842
Net income attributable to non-controlling interests	(437)	(1,231)	(1,796)
Net income (loss) attributable to Starwood Property Trust, Inc.	$ (3,017)	$ 119,377	$ 57,046
Net income (loss) per share of common stock:
Basic (in dollars per share)	$ (0.06)	$ 1.38	$ 1.16
Diluted (in dollars per share)	$ (0.06)	$ 1.38	$ 1.14