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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Interest income from loans $ 138,599 $ 121,225 $ 371,094 $ 361,314
Interest income from investment securities 12,451 19,175 40,045 53,879
Servicing fees 14,842 22,918 47,572 70,921
Rental income 60,153 39,742 176,161 110,262
Other revenues 722 1,645 2,184 3,814
Total revenues 226,767 204,705 637,056 600,190
Costs and expenses:        
Management fees 30,980 27,780 79,997 76,510
Interest expense 76,431 59,082 213,608 173,237
General and administrative 32,892 51,470 95,841 119,677
Acquisition and investment pursuit costs 1,024 1,509 2,232 5,682
Costs of rental operations 23,799 18,011 67,701 46,518
Depreciation and amortization 22,871 15,352 67,131 53,185
Loan loss allowance, net (171) 2,127 (3,170) 3,395
Other expense 376 711 1,276 811
Total costs and expenses 188,202 176,042 524,616 479,015
Income before other income (loss), income taxes and non-controlling interests 38,565 28,663 112,440 121,175
Other income (loss):        
Change in net assets related to consolidated VIEs 56,177 47,848 203,108 94,388
Change in fair value of servicing rights (4,867) (14,283) (21,301) (33,213)
Change in fair value of investment securities, net (397) (2,786) (4,061) (714)
Change in fair value of mortgage loans held-for-sale, net 19,485 49,996 45,484 70,122
(Loss) earnings from unconsolidated entities (4,689) 4,305 27,763 12,849
Gain on sale of investments and other assets, net 11,877 10 17,004 165
Loss on derivative financial instruments, net (24,224) (2,328) (66,159) (6,793)
Foreign currency gain (loss), net 10,660 (3,214) 28,434 (20,580)
Total other-than-temporary impairment ("OTTI") 66 175 54
Noncredit portion of OTTI recognized in other comprehensive income 66   66 54
Net impairment losses recognized in earnings     (109)  
Loss on extinguishment of debt     (5,916)  
Other income, net 28 269 484 10,998
Total other income (loss) 64,050 79,817 224,731 127,222
Income before income taxes 102,615 108,480 337,171 248,397
Income tax provision (9,816) (2,667) (18,285) (3,467)
Net income 92,799 105,813 318,886 244,930
Net income attributable to non-controlling interests (4,371) (47) (10,720) (1,034)
Net income attributable to Starwood Property Trust, Inc. $ 88,428 $ 105,766 $ 308,166 $ 243,896
Earnings per share data attributable to Starwood Property Trust, Inc.:        
Basic (in dollars per share) $ 0.34 $ 0.44 $ 1.18 $ 1.02
Diluted (in dollars per share) 0.33 0.44 1.17 1.00
Dividends declared per common share (in dollars per share) $ 0.48 $ 0.48 $ 1.44 $ 1.44