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Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Share data
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Net interest margin:    
Interest income from mortgage-backed securities$ 6,195$ 6,348$ 20,176$ 15,382
Interest income from loans51,87921,451125,64347,777
Interest expense(7,321)(4,977)(21,723)(9,961)
Net interest margin50,75322,822124,09653,198
Expenses:    
Management fees (including $2,922 and $1,749 for the three-months ended September 30, 2011 and 2010, and $10,268 and $4,617 for the nine-months ended September 30, 2011 and 2010 of non-cash stock-based compensation)10,0046,86029,01416,622
Acquisition and investment pursuit costs1,201(25)1,820253
General and administrative (including $69 and $30 for the three-months ended September 30, 2011 and 2010, and $164 and $68 for the nine-months ended September 30, 2011 and 2010 of non-cash stock-based compensation)2,1771,8007,0414,966
Total expenses13,3828,63537,87521,841
Income before other income (expense) and income taxes37,37114,18786,22131,357
Interest income from cash balances632333261,073
Other income975421,42242
Other-than-temporary impairment ("OTTI")(892) (2,621) 
Gains on sales of investments4,96110,01620,83610,014
Net realized foreign currency gains(61)17(63)17
Net gains (losses) on currency hedges8,617(5,350)2,382(9,044)
Net (losses) on interest rate hedges(19,171) (25,982) 
Gains on credit spread hedges2,259 3,730 
Unrealized losses on loans held for sale at fair value(10,679) (1,725) 
Unrealized foreign currency remeasurement (losses) gains(9,403)4,306(4,245)7,702
Income before income taxes14,04023,45180,28141,161
Income tax (benefit) provision(463)168741208
Net Income14,50323,28379,54040,953
Net income attributable to non-controlling interests(25)(600)(1,191)(1,480)
Net income attributable to Starwood Property Trust, Inc.$ 14,478$ 22,683$ 78,349$ 39,473
Net income per share of common stock:    
Basic (in dollars per share)$ 0.16$ 0.47$ 0.95$ 0.83
Diluted (in dollars per share)$ 0.15$ 0.47$ 0.94$ 0.81
Weighted average number of shares of common stock outstanding:    
Basic (in shares)93,249,24947,837,61682,234,97647,750,058
Diluted (in shares)94,596,97848,626,55083,755,29548,626,550
Distributions declared per common share (in dollars per share)$ 0.44$ 0.33$ 1.30$ 0.80