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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Interest income from loans $ 191,466 $ 151,704 $ 374,882 $ 289,324
Interest income from investment securities 22,545 10,790 40,177 26,059
Servicing fees 9,008 17,315 33,441 43,382
Rental income 87,297 88,891 171,130 170,001
Other revenues 865 856 2,031 1,377
Total revenues 311,181 269,556 621,661 530,143
Costs and expenses:        
Management fees 22,523 27,494 45,989 58,136
Interest expense 130,126 91,592 264,798 178,775
General and administrative 37,578 35,528 72,508 67,670
Acquisition and investment pursuit costs 74 1,561 416 1,938
Costs of rental operations 30,655 32,897 60,306 62,590
Depreciation and amortization 28,552 37,150 57,806 68,894
Loan loss provision, net 2,518 25,259 3,281 26,797
Other expense 1,443 497 1,654 601
Total costs and expenses 253,469 251,978 506,758 465,401
Other income (loss):        
Change in net assets related to consolidated VIEs 55,158 43,946 102,994 96,599
Change in fair value of servicing rights (916) (2,203) (1,683) (8,017)
Change in fair value of investment securities, net 667 7,702 729 7,553
Change in fair value of mortgage loans held-for-sale, net 21,891 14,833 33,157 22,633
Earnings (loss) from unconsolidated entities 8,817 5,470 (34,383) 4,008
Gain on sale of investments and other assets, net 2,515 13,437 7,000 24,097
(Loss) gain on derivative financial instruments, net (32) 32,622 (2,239) 15,763
Foreign currency (loss) gain, net (7,017) (13,264) (1,470) 285
Loss on extinguishment of debt (2,816) (186) (6,114) (186)
Other (loss) income, net   498 (73) 606
Total other income 78,267 102,855 97,918 163,341
Income before income taxes 135,979 120,433 212,821 228,083
Income tax provision (3,533) (3,343) (3,867) (6,199)
Net income 132,446 117,090 208,954 221,884
Net income attributable to non-controlling interests (5,430) (7,860) (11,555) (12,722)
Net income attributable to Starwood Property Trust, Inc. $ 127,016 $ 109,230 $ 197,399 $ 209,162
Earnings per share data attributable to Starwood Property Trust, Inc.:        
Basic (in dollars per share) $ 0.45 $ 0.41 $ 0.70 $ 0.80
Diluted (in dollars per share) $ 0.45 $ 0.40 $ 0.70 $ 0.77