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Segment Data (Tables)
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Schedule of Results of Operations by Business Segment
The table below presents our results of operations for the three months ended June 30, 2021 by business segment (amounts in thousands):
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Revenues:
Interest income from loans$165,697 $21,171 $— $2,404 $— $189,272 $— $189,272 
Interest income from investment securities17,190 555 — 25,668 — 43,413 (32,765)10,648 
Servicing fees110 — — 16,365 — 16,475 (5,611)10,864 
Rental income1,419 — 65,410 10,290 — 77,119 — 77,119 
Other revenues74 69 44 2,777 — 2,964 — 2,964 
Total revenues184,490 21,795 65,454 57,504 — 329,243 (38,376)290,867 
Costs and expenses:
Management fees300 — — 224 28,716 29,240 10 29,250 
Interest expense48,356 9,694 16,863 5,789 29,171 109,873 (220)109,653 
General and administrative10,411 3,532 1,028 25,720 4,489 45,180 85 45,265 
Acquisition and investment pursuit costs179 249 — (21)— 407 — 407 
Costs of rental operations433 — 25,922 4,376 — 30,731 — 30,731 
Depreciation and amortization311 100 17,901 4,165 — 22,477 — 22,477 
Credit loss (reversal) provision, net(12,447)603 — — — (11,844)— (11,844)
Other expense— — — — — — — — 
Total costs and expenses47,543 14,178 61,714 40,253 62,376 226,064 (125)225,939 
Other income (loss):
Change in net assets related to consolidated VIEs— — — — — — 12,509 12,509 
Change in fair value of servicing rights— — — 460 — 460 839 1,299 
Change in fair value of investment securities, net(9,402)— — (12,585)— (21,987)23,495 1,508 
Change in fair value of mortgage loans, net12,329 — — 33,538 — 45,867 — 45,867 
Earnings (loss) from unconsolidated entities1,996 (70)— (507)— 1,419 807 2,226 
(Loss) gain on sale of investments and other assets, net(1,019)27 — 9,723 — 8,731 — 8,731 
(Loss) gain on derivative financial instruments, net(4,945)112 (372)(5,731)927 (10,009)— (10,009)
Foreign currency gain (loss), net2,715 (62)(25)(1)— 2,627 — 2,627 
Loss on extinguishment of debt(221)(939)— (22)— (1,182)— (1,182)
Other (loss) income, net(5,504)2 — 29 — (5,473)— (5,473)
Total other income (loss)(4,051)(930)(397)24,904 927 20,453 37,650 58,103 
Income (loss) before income taxes132,896 6,687 3,343 42,155 (61,449)123,632 (601)123,031 
Income tax benefit (provision)8,043 (58)— (4,632)— 3,353 — 3,353 
Net income (loss)140,939 6,629 3,343 37,523 (61,449)126,985 (601)126,384 
Net (income) loss attributable to non-controlling interests(4)— (4,914)(5,757)— (10,675)601 (10,074)
Net income (loss) attributable to Starwood Property Trust, Inc.
$140,935 $6,629 $(1,571)$31,766 $(61,449)$116,310 $— $116,310 
The table below presents our results of operations for the three months ended June 30, 2020 by business segment (amounts in thousands):
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Revenues:
Interest income from loans$150,136 $19,126 $— $1,841 $— $171,103 $— $171,103 
Interest income from investment securities17,345 683 — 24,924 — 42,952 (28,308)14,644 
Servicing fees142 — — 8,591 — 8,733 (2,075)6,658 
Rental income690 — 63,566 8,454 — 72,710 — 72,710 
Other revenues54 100 58 280 — 492 (1)491 
Total revenues168,367 19,909 63,624 44,090 — 295,990 (30,384)265,606 
Costs and expenses:
Management fees339 — — 220 22,554 23,113 2 23,115 
Interest expense41,871 9,678 15,942 6,177 27,825 101,493 — 101,493 
General and administrative8,615 4,337 1,281 14,993 3,368 32,594 83 32,677 
Acquisition and investment pursuit costs578 1,100 — (88)— 1,590 — 1,590 
Costs of rental operations988 — 24,703 3,941 — 29,632 — 29,632 
Depreciation and amortization430 89 19,153 3,749 — 23,421 — 23,421 
Credit loss provision (reversal), net11,294 (1,092)— — — 10,202 — 10,202 
Other expense76 — 26 — — 102 — 102 
Total costs and expenses64,191 14,112 61,105 28,992 53,747 222,147 85 222,232 
Other income (loss):
Change in net assets related to consolidated VIEs— — — — — — 51,261 51,261 
Change in fair value of servicing rights— — — 5,328 — 5,328 (7,897)(2,569)
Change in fair value of investment securities, net5,454 — — 7,941 — 13,395 (12,568)827 
Change in fair value of mortgage loans, net33,010 — — 1,440 — 34,450 — 34,450 
Earnings (loss) from unconsolidated entities671 (1,118)— 29,526 — 29,079 (303)28,776 
(Loss) gain on sale of investments and other assets, net(961)— — 7,433 — 6,472 — 6,472 
(Loss) gain on derivative financial instruments, net(11,736)(437)(4,614)(3,828)4,517 (16,098)— (16,098)
Foreign currency gain (loss), net6,942 310 (48)(31)— 7,173 — 7,173 
Loss on extinguishment of debt(22)— (2,185)— — (2,207)— (2,207)
Other income, net— — 191 13 — 204 — 204 
Total other income (loss)33,358 (1,245)(6,656)47,822 4,517 77,796 30,493 108,289 
Income (loss) before income taxes137,534 4,552 (4,137)62,920 (49,230)151,639 24 151,663 
Income tax (provision) benefit(3,257)(56)— 4,611 — 1,298 — 1,298 
Net income (loss)134,277 4,496 (4,137)67,531 (49,230)152,937 24 152,961 
Net income attributable to non-controlling interests(4)— (5,111)(8,166)— (13,281)(24)(13,305)
Net income (loss) attributable to Starwood Property Trust, Inc.
$134,273 $4,496 $(9,248)$59,365 $(49,230)$139,656 $— $139,656 
The table below presents our results of operations for the six months ended June 30, 2021 by business segment (amounts in thousands):
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Revenues:
Interest income from loans$336,290 $39,979 $— $3,578 $— $379,847 $— $379,847 
Interest income from investment securities35,575 1,119 — 46,608 — 83,302 (61,044)22,258 
Servicing fees234 — — 28,821 — 29,055 (9,789)19,266 
Rental income2,758 — 130,514 20,185 — 153,457 — 153,457 
Other revenues164 162 84 2,859 — 3,269 — 3,269 
Total revenues375,021 41,260 130,598 102,051 — 648,930 (70,833)578,097 
Costs and expenses:
Management fees615 — — 446 66,904 67,965 21 67,986 
Interest expense92,651 18,535 32,695 11,238 58,319 213,438 (411)213,027 
General and administrative21,744 6,974 2,051 44,160 8,800 83,729 172 83,901 
Acquisition and investment pursuit costs364 249 — (21)— 592 — 592 
Costs of rental operations910 — 49,882 8,684 — 59,476 — 59,476 
Depreciation and amortization618 200 36,001 8,132 — 44,951 — 44,951 
Credit loss (reversal) provision, net(12,976)1,176 — — — (11,800)— (11,800)
Other expense31 — 583 71 — 685 — 685 
Total costs and expenses103,957 27,134 121,212 72,710 134,023 459,036 (218)458,818 
Other income (loss):
Change in net assets related to consolidated VIEs— — — — — — 52,254 52,254 
Change in fair value of servicing rights— — — 1,205 — 1,205 (702)503 
Change in fair value of investment securities, net(11,452)— — (5,415)— (16,867)18,069 1,202 
Change in fair value of mortgage loans, net1,615 — — 34,774 — 36,389 — 36,389 
Earnings (loss) from unconsolidated entities3,749 (324)— 82 — 3,507 453 3,960 
Gain on sale of investments and other assets, net16,674 27 — 9,723 — 26,424 — 26,424 
Gain (loss) on derivative financial instruments, net21,196 796 4,352 3,552 (5,916)23,980 — 23,980 
Foreign currency loss, net(8,879)(111)— (64)— (9,054)— (9,054)
Loss on extinguishment of debt(289)(1,246)(141)(22)— (1,698)— (1,698)
Other (loss) income, net(5,504)23 — 29 — (5,452)— (5,452)
Total other income (loss)17,110 (835)4,211 43,864 (5,916)58,434 70,074 128,508 
Income (loss) before income taxes288,174 13,291 13,597 73,205 (139,939)248,328 (541)247,787 
Income tax benefit (provision)6,538 (150)— (5,265)— 1,123 — 1,123 
Net income (loss)294,712 13,141 13,597 67,940 (139,939)249,451 (541)248,910 
Net (income) loss attributable to non-controlling interests(7)— (9,991)(11,765)— (21,763)541 (21,222)
Net income (loss) attributable to Starwood Property Trust, Inc.
$294,705 $13,141 $3,606 $56,175 $(139,939)$227,688 $— $227,688 
The table below presents our results of operations for the six months ended June 30, 2020 by business segment (amounts in thousands):
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Revenues:
Interest income from loans$342,517 $41,539 $— $4,474 $— $388,530 $— $388,530 
Interest income from investment securities35,973 1,384 — 49,724 — 87,081 (57,197)29,884 
Servicing fees314 — — 15,033 — 15,347 (3,896)11,451 
Rental income768 — 127,527 18,561 — 146,856 — 146,856 
Other revenues232 243 180 793 — 1,448 (3)1,445 
Total revenues379,804 43,166 127,707 88,585 — 639,262 (61,096)578,166 
Costs and expenses:
Management fees690 — — 459 62,661 63,810 33 63,843 
Interest expense95,821 22,795 33,063 13,371 56,630 221,680 (162)221,518 
General and administrative16,747 8,760 2,359 35,677 7,669 71,212 167 71,379 
Acquisition and investment pursuit costs1,438 1,117 12 (68)— 2,499 — 2,499 
Costs of rental operations1,766 — 47,555 8,525 — 57,846 — 57,846 
Depreciation and amortization845 159 38,441 7,956 — 47,401 — 47,401 
Credit loss provision, net51,511 7,360 — — — 58,871 — 58,871 
Other expense153 — 337 — — 490 — 490 
Total costs and expenses168,971 40,191 121,767 65,920 126,960 523,809 38 523,847 
Other income (loss):
Change in net assets related to consolidated VIEs— — — — — — 5,768 5,768 
Change in fair value of servicing rights— — — 5,646 — 5,646 (8,608)(2,962)
Change in fair value of investment securities, net(22,425)— — (39,275)— (61,700)65,031 3,331 
Change in fair value of mortgage loans, net(2,507)— — 20,823 — 18,316 — 18,316 
Earnings (loss) from unconsolidated entities722 (1,118)— 30,146 — 29,750 (877)28,873 
(Loss) gain on sale of investments and other assets, net(961)296 — 7,433 — 6,768 — 6,768 
Gain (loss) on derivative financial instruments, net19,069 (1,438)(34,837)(22,934)33,752 (6,388)— (6,388)
Foreign currency loss, net(27,059)(163)(67)(24)— (27,313)— (27,313)
Loss on extinguishment of debt(22)(170)(2,185)— — (2,377)— (2,377)
Other income, net— — 241 89 — 330 — 330 
Total other income (loss)(33,183)(2,593)(36,848)1,904 33,752 (36,968)61,314 24,346 
Income (loss) before income taxes177,650 382 (30,908)24,569 (93,208)78,485 180 78,665 
Income tax benefit1,165 89 — 6,773 — 8,027 — 8,027 
Net income (loss)178,815 471 (30,908)31,342 (93,208)86,512 180 86,692 
Net income attributable to non-controlling interests(7)— (10,222)(3,396)— (13,625)(180)(13,805)
Net income (loss) attributable to Starwood Property Trust, Inc.
$178,808 $471 $(41,130)$27,946 $(93,208)$72,887 $— $72,887 
Schedule of Consolidated Balance Sheet by Business Segment
The table below presents our condensed consolidated balance sheet as of June 30, 2021 by business segment (amounts in thousands):
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Assets:
Cash and cash equivalents$60,651 $31,695 $28,088 $22,618 $110,904 $253,956 $611 $254,567 
Restricted cash60,416 25,840 6,681 13,072 — 106,009 — 106,009 
Loans held-for-investment, net11,068,406 1,694,109 — 857 — 12,763,372 — 12,763,372 
Loans held-for-sale494,113 85,875 — 381,689 — 961,677 — 961,677 
Investment securities951,036 33,881 — 1,145,485 — 2,130,402 (1,456,836)673,566 
Properties, net124,916 — 1,941,500 177,153 — 2,243,569 — 2,243,569 
Intangible assets— — 37,361 69,910 — 107,271 (42,078)65,193 
Investment in unconsolidated entities43,717 24,770 — 42,954 — 111,441 (14,652)96,789 
Goodwill— 119,409 — 140,437 — 259,846 — 259,846 
Derivative assets12,472 — 124 92 22,927 35,615 — 35,615 
Accrued interest receivable102,086 5,307 — 495 6,031 113,919 (119)113,800 
Other assets81,621 11,497 91,158 42,237 14,977 241,490 13 241,503 
VIE assets, at fair value— — — — — — 63,493,796 63,493,796 
Total Assets$12,999,434 $2,032,383 $2,104,912 $2,036,999 $154,839 $19,328,567 $61,980,735 $81,309,302 
Liabilities and Equity
Liabilities:
Accounts payable, accrued expenses and other liabilities$38,973 $8,464 $45,231 $40,245 $49,260 $182,173 $53 $182,226 
Related-party payable— — — — 26,393 26,393 38 26,431 
Dividends payable— — — — 139,457 139,457 — 139,457 
Derivative liabilities31,530 1,118 — 413 — 33,061 — 33,061 
Secured financing agreements, net5,751,375 957,605 1,872,043 742,811 630,578 9,954,412 (21,750)9,932,662 
Collateralized loan obligations, net2,000,073 404,599 — — — 2,404,672 — 2,404,672 
Unsecured senior notes, net— — — — 1,737,383 1,737,383 — 1,737,383 
VIE liabilities, at fair value— — — — — — 62,001,710 62,001,710 
Total Liabilities7,821,951 1,371,786 1,917,274 783,469 2,583,071 14,477,551 61,980,051 76,457,602 
Equity:
Starwood Property Trust, Inc. Stockholders’ Equity:
Common stock— — — — 2,952 2,952 — 2,952 
Additional paid-in capital878,471 629,130 16,967 (218,645)3,942,567 5,248,490 — 5,248,490 
Treasury stock— — — — (138,022)(138,022)— (138,022)
Accumulated other comprehensive income41,310 — — — — 41,310 — 41,310 
Retained earnings (accumulated deficit)4,257,587 31,467 (47,694)1,316,994 (6,235,729)(677,375)— (677,375)
Total Starwood Property Trust, Inc. Stockholders’ Equity5,177,368 660,597 (30,727)1,098,349 (2,428,232)4,477,355 — 4,477,355 
Non-controlling interests in consolidated subsidiaries115 — 218,365 155,181 — 373,661 684 374,345 
Total Equity5,177,483 660,597 187,638 1,253,530 (2,428,232)4,851,016 684 4,851,700 
Total Liabilities and Equity$12,999,434 $2,032,383 $2,104,912 $2,036,999 $154,839 $19,328,567 $61,980,735 $81,309,302 
The table below presents our condensed consolidated balance sheet as of December 31, 2020 by business segment (amounts in thousands):
Commercial and
Residential
Lending
Segment		Infrastructure
Lending
Segment		Property
Segment		Investing
and Servicing
Segment		CorporateSubtotalSecuritization
VIEs		Total
Assets:
Cash and cash equivalents$160,007 $4,440 $32,080 $19,546 $346,372 $562,445 $772 $563,217 
Restricted cash93,445 45,113 7,192 13,195 — 158,945 — 158,945 
Loans held-for-investment, net9,673,625 1,412,440 — 1,008 — 11,087,073 — 11,087,073 
Loans held-for-sale841,963 120,540 — 90,332 — 1,052,835 — 1,052,835 
Investment securities1,014,402 35,681 — 1,112,145 — 2,162,228 (1,425,570)736,658 
Properties, net103,896 — 1,969,414 197,843 — 2,271,153 — 2,271,153 
Intangible assets— — 40,370 71,123 — 111,493 (41,376)70,117 
Investment in unconsolidated entities54,407 25,095 — 44,664 — 124,166 (16,112)108,054 
Goodwill— 119,409 — 140,437 — 259,846 — 259,846 
Derivative assets6,595 — 41 147 33,772 40,555 — 40,555 
Accrued interest receivable87,922 2,091 — 123 5,978 96,114 (134)95,980 
Other assets61,638 4,531 69,859 44,579 10,148 190,755 (7)190,748 
VIE assets, at fair value— — — — — — 64,238,328 64,238,328 
Total Assets$12,097,900 $1,769,340 $2,118,956 $1,735,142 $396,270 $18,117,608 $62,755,901 $80,873,509 
Liabilities and Equity
Liabilities:
Accounts payable, accrued expenses and other liabilities$41,104 $12,144 $43,630 $45,309 $64,583 $206,770 $75 $206,845 
Related-party payable— — — 5 39,165 39,170 — 39,170 
Dividends payable— — — — 137,959 137,959 — 137,959 
Derivative liabilities39,082 1,718 — 524 — 41,324 — 41,324 
Secured financing agreements, net5,893,999 1,240,763 1,794,609 606,100 632,719 10,168,190 (22,000)10,146,190 
Collateralized loan obligations, net930,554 — — — — 930,554 — 930,554 
Unsecured senior notes, net— — — — 1,732,520 1,732,520 — 1,732,520 
VIE liabilities, at fair value— — — — — — 62,776,371 62,776,371 
Total Liabilities6,904,739 1,254,625 1,838,239 651,938 2,606,946 13,256,487 62,754,446 76,010,933 
Equity:
Starwood Property Trust, Inc. Stockholders’ Equity:
Common stock— — — — 2,921 2,921 — 2,921 
Additional paid-in capital1,192,584 496,387 98,882 (322,992)3,744,878 5,209,739 — 5,209,739 
Treasury stock— — — — (138,022)(138,022)— (138,022)
Accumulated other comprehensive income (loss)44,057 — — (64)— 43,993 — 43,993 
Retained earnings (accumulated deficit)3,956,405 18,328 (44,832)1,260,819 (5,820,453)(629,733)— (629,733)
Total Starwood Property Trust, Inc. Stockholders’ Equity5,193,046 514,715 54,050 937,763 (2,210,676)4,488,898 — 4,488,898 
Non-controlling interests in consolidated subsidiaries115 — 226,667 145,441 — 372,223 1,455 373,678 
Total Equity5,193,161 514,715 280,717 1,083,204 (2,210,676)4,861,121 1,455 4,862,576 
Total Liabilities and Equity$12,097,900 $1,769,340 $2,118,956 $1,735,142 $396,270 $18,117,608 $62,755,901 $80,873,509