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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Interest income from loans $ 217,427 $ 183,416
Interest income from investment securities 15,240 17,632
Servicing fees 4,793 24,433
Rental income 74,146 83,833
Other revenues 954 1,166
Total revenues 312,560 310,480
Costs and expenses:    
Management fees 40,728 23,466
Interest expense 120,025 134,672
General and administrative 38,702 34,930
Acquisition and investment pursuit costs 909 342
Costs of rental operations 28,214 29,651
Depreciation and amortization 23,980 29,254
Credit loss provision, net 48,669 763
Other expense 388 211
Total costs and expenses 301,615 253,289
Other (loss) income:    
Change in net assets related to consolidated VIEs (45,493) 47,836
Change in fair value of servicing rights (393) (767)
Change in fair value of investment securities, net 2,504 62
Change in fair value of mortgage loans, net (16,134) 11,266
Earnings (loss) from unconsolidated entities 97 (43,200)
Gain on sale of investments and other assets, net 296 4,485
Gain (loss) on derivative financial instruments, net 9,710 (2,207)
Foreign currency (loss) gain, net (34,486) 5,547
Loss on extinguishment of debt (170) (3,298)
Other income (loss), net 126 (73)
Total other (loss) income (83,943) 19,651
(Loss) income before income taxes (72,998) 76,842
Income tax benefit (provision) 6,729 (334)
Net (loss) income (66,269) 76,508
Net income attributable to non-controlling interests (500) (6,125)
Net (loss) income attributable to Starwood Property Trust, Inc. $ (66,769) $ 70,383
(Loss) earnings per share data attributable to Starwood Property Trust, Inc.:    
Basic (in dollars per share) $ (0.24) $ 0.25
Diluted (in dollars per share) $ (0.24) $ 0.25